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Article THE GENERAL ASSURANCE ADVOCATE. ← Page 8 of 8
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The General Assurance Advocate.
of the offices in Mr . Hillman ' s list made their appearance , and the proportions of the various principles , as contrasted with the preceding ten years of war , show a remarkable inversion . Twenty-one of the Companies are upon the mixed principle , eleven upon the proprietary , and only six on the mutual . The next ten years , including 1840 , shows a still greater increase ; fifty-two new offices showing themselves in the
list , of which twenty-four were mixed , sixteen proprietary , and twelve mutual . And in the six years , including 1846 , beyond which the return before us does not extend , we have a greater demand for Assurance , as evidenced by the increase of offices , than in any of the other longer periods , the number of new offices amounting to sixty-two . The mixed principle appears in these six years to have gained a marked predominance , thirty-six of the sixty-two offices being founded on that principle , while fourteen are proprietary and twelve mutual . These variations
were no doubt dependent on some particular state or tendency of society at the various periods we have noticed , and which will no doubt appear more clearly when we come to consider the objects of the Societies , as well as their dates and the principles upon which they are based ; and although these enquiries may seem at first glance to be rather curious than useful , we have no doubt that they will be found in the end to
lead to practically beneficial results . It is important not only to consider the practice and principles of Assurance , but the influences which bear upon it from without ; and to do that , or indeed anything else effectually , it is first necessary to collect all the facts within our reach .
( To be continued . )
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The General Assurance Advocate.
of the offices in Mr . Hillman ' s list made their appearance , and the proportions of the various principles , as contrasted with the preceding ten years of war , show a remarkable inversion . Twenty-one of the Companies are upon the mixed principle , eleven upon the proprietary , and only six on the mutual . The next ten years , including 1840 , shows a still greater increase ; fifty-two new offices showing themselves in the
list , of which twenty-four were mixed , sixteen proprietary , and twelve mutual . And in the six years , including 1846 , beyond which the return before us does not extend , we have a greater demand for Assurance , as evidenced by the increase of offices , than in any of the other longer periods , the number of new offices amounting to sixty-two . The mixed principle appears in these six years to have gained a marked predominance , thirty-six of the sixty-two offices being founded on that principle , while fourteen are proprietary and twelve mutual . These variations
were no doubt dependent on some particular state or tendency of society at the various periods we have noticed , and which will no doubt appear more clearly when we come to consider the objects of the Societies , as well as their dates and the principles upon which they are based ; and although these enquiries may seem at first glance to be rather curious than useful , we have no doubt that they will be found in the end to
lead to practically beneficial results . It is important not only to consider the practice and principles of Assurance , but the influences which bear upon it from without ; and to do that , or indeed anything else effectually , it is first necessary to collect all the facts within our reach .
( To be continued . )