"Unfortunately the amount paid on policies was one million seven hundred and twenty-eight thousand six hundred and seventy crowns and eight öre."

"Shame!"

"As you see, gentlemen, Providence...."

"Leave Providence alone! Figures! Figures! Dividends!"

"Under the circumstances I can only propose, in my capacity as Managing Director, a dividend of 5 per cent. on the paid-up capital."

Now a storm burst out which no merchant in the world could have weathered.

"Shame! Impudence! Swindler! Five per cent! Disgusting! It's throwing one's money away!"

But there were also a few more philanthropic utterances, such as: "What about the poor, small capitalists who have nothing but their dividends to live on? How'll they manage? Mercy on us, what a misfortune! The State ought to help, and without delay! Oh dear! Oh dear!"

When the storm had subsided a little and the director could make his voice heard, he read out the high praise given by the Supervisory Committee to the Managing Director and all the employés who, without sparing themselves, and with indefatigable zeal, had done the thankless work. The statement was received with open scorn.

The report of the accountants was then read. They stated—after again censuring Providence—that they had found all the books in good—not to say excellent—order, and in checking the inventory all debentures on the reserve fund had been found correct (!) They therefore called upon the shareholders to discharge the directors and acknowledge their honest and unremitting labour.