Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The M£K8(Dhu(D Life Assurance And Saving...
THE M£k8(DHU(D LIFE ASSURANCE AND SAVINGS' BANK HQ 8 QI >< 9 ! Uttt & QI > Ife
Capital £ 250 , 00 ® , in £ 5 , 000 Shares of £ l 0 each ; Deposit £ l per Share .
^ robtstonal Otommitoe , Bro . JOHN BIGG , 59 , Old Broad Street . Bro . EDW . BREWSTER , Hand Court , Dowgate , and Brudenel Place . Bro . R . T . CRUCEFIX , M . D . Lancaster Place . Bro . DAVID DAVIES , 51 , Liecester Square .
Bro . JOHN RIGBY FISHER , 5 Maze Pond , Southwark . Bro . HENRY BEAUM » JNT LEESON , A . M . Greenwich . Bro . HENRY PHILLIPS , Paragon , Kent Road , and Ironmonger Lane . Bro . JOHN Powis , Walworth , and Crooked Lane Chambers . Bro . AVILLIAM THODEY SMITH , Grove House , Kentish Town . Bro . CHARLES TANCRED , Arden Hall , Yorkshire , and Furnival's Inn .
Bro . JOHN VINK , Ewell , and Circus , Minories . Bro . ZACHARIAH WATKINS , 108 , Regent Street . Bro . RICHARD LEA WILSON , Streatham , and Milk Street : — WITH LIBERTY TO ADD TO THEIR NUMBER .
THE Masonic Life Assurance and Savings' Bank Association will supply the deficiencies that have hitherto existed , with respect to Life Assurance conducted in connexion with a Savings * Bank , and will embrace the requirements of every class of Masons and Others . As a return for the patronage conferred upon it by Members of the Order , every actual Master of a Masonic Lodge , and every Secretary to a Provincial Grand Lodge , will be held to be corresponding agents ex officio , and be allowed the full commission on all payments of Premiums on the Policies effected through their
recommendation ivith the Office , upon condition that such commissions be applied to Benevolent purposes by those Lodges respectively ; thus affording an immediate and tangible benefit in exact proportion with the support extended . Each Member of the Provisional Committee , is qualified for the Direction by holding the requisite number of Shares ; which Committee will conduct the business of the Association until the First General Meeting of Proprietors , to be held on the Third Wednesday in February , 1840 ; when the nomination of Trustees , and the election of Directors and Auditors will take place . Every business engagement of the Provisional
Committee , and the appointment of Officers necessary to the management of the affairs of the Association in the interim , to be confirmed by the Board of Directors . Proprietors of Shares will be mutually interested in the Transactions of the Life Assurance and Savings' Bank Departments ; and previous to any Division of Profits , interest will be paid to them at the rate of £ 4 per cent , per annum on the amount of their respective investments . The remaining Profits in the Life Department will be allotted every three years in the following proportions : Five Eighths to the Assured at the Participation Rates—One
Eighth as an immediate Bonus * to the Proprietors of Shares—One Eighth to be added to the Capital—and the remaining one Eighth to be disposed of as the majority of Proprietors of shares present may determine at Meetings when such Dividends of Profits are declared . The Profits in the Savings' Bank Department will be reserved to form a separate Fund for that Department , or added to the common Capital , or paid as a Bonus to the Proprietors , as shall be annually determined .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The M£K8(Dhu(D Life Assurance And Saving...
THE M£k8(DHU(D LIFE ASSURANCE AND SAVINGS' BANK HQ 8 QI >< 9 ! Uttt & QI > Ife
Capital £ 250 , 00 ® , in £ 5 , 000 Shares of £ l 0 each ; Deposit £ l per Share .
^ robtstonal Otommitoe , Bro . JOHN BIGG , 59 , Old Broad Street . Bro . EDW . BREWSTER , Hand Court , Dowgate , and Brudenel Place . Bro . R . T . CRUCEFIX , M . D . Lancaster Place . Bro . DAVID DAVIES , 51 , Liecester Square .
Bro . JOHN RIGBY FISHER , 5 Maze Pond , Southwark . Bro . HENRY BEAUM » JNT LEESON , A . M . Greenwich . Bro . HENRY PHILLIPS , Paragon , Kent Road , and Ironmonger Lane . Bro . JOHN Powis , Walworth , and Crooked Lane Chambers . Bro . AVILLIAM THODEY SMITH , Grove House , Kentish Town . Bro . CHARLES TANCRED , Arden Hall , Yorkshire , and Furnival's Inn .
Bro . JOHN VINK , Ewell , and Circus , Minories . Bro . ZACHARIAH WATKINS , 108 , Regent Street . Bro . RICHARD LEA WILSON , Streatham , and Milk Street : — WITH LIBERTY TO ADD TO THEIR NUMBER .
THE Masonic Life Assurance and Savings' Bank Association will supply the deficiencies that have hitherto existed , with respect to Life Assurance conducted in connexion with a Savings * Bank , and will embrace the requirements of every class of Masons and Others . As a return for the patronage conferred upon it by Members of the Order , every actual Master of a Masonic Lodge , and every Secretary to a Provincial Grand Lodge , will be held to be corresponding agents ex officio , and be allowed the full commission on all payments of Premiums on the Policies effected through their
recommendation ivith the Office , upon condition that such commissions be applied to Benevolent purposes by those Lodges respectively ; thus affording an immediate and tangible benefit in exact proportion with the support extended . Each Member of the Provisional Committee , is qualified for the Direction by holding the requisite number of Shares ; which Committee will conduct the business of the Association until the First General Meeting of Proprietors , to be held on the Third Wednesday in February , 1840 ; when the nomination of Trustees , and the election of Directors and Auditors will take place . Every business engagement of the Provisional
Committee , and the appointment of Officers necessary to the management of the affairs of the Association in the interim , to be confirmed by the Board of Directors . Proprietors of Shares will be mutually interested in the Transactions of the Life Assurance and Savings' Bank Departments ; and previous to any Division of Profits , interest will be paid to them at the rate of £ 4 per cent , per annum on the amount of their respective investments . The remaining Profits in the Life Department will be allotted every three years in the following proportions : Five Eighths to the Assured at the Participation Rates—One
Eighth as an immediate Bonus * to the Proprietors of Shares—One Eighth to be added to the Capital—and the remaining one Eighth to be disposed of as the majority of Proprietors of shares present may determine at Meetings when such Dividends of Profits are declared . The Profits in the Savings' Bank Department will be reserved to form a separate Fund for that Department , or added to the common Capital , or paid as a Bonus to the Proprietors , as shall be annually determined .