Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Analecta.
CONVERSION OF A PROPRIETARY INTO A AIUTUAL OFFICE . —( Contemplated ) . Rock Life Assurance Company , ( further powers to ) . —Notice is hereby given , that an application is intended to be made in the next session of parliament for leave to bring in a bill to regulate the manner in which the Rock Life Assurance Company shall sue ancl be sued , to extend , alter , amend , and enlarge the powers , provisions , and authorities given by and contained in the deed of settlementmade on the
establish-, ment of the said company , hearing date the 20 th day of August , 1 S 07 , or to enable the saicl company so to clo , ancl also to give other powers and authorities to the said company , particularly powers to make rules for regulating the making of investments of the funds of the company ; for facilitating the transfer of the company ' s securities ; for enabling proprietors to vote by proxy ; for enabling the company to alter the number ancl election of Directors ; for enabling the company to dispense
with the obligation on proprietors to keep Assurances on foot ; for enabling the company to alter the provisions of the deed of settlement relative to the division of profits ; for enabling the company to distribute among the proprietors the surplus above one million of the subscription capital stock ; for enabling the company to distribute among the proprietors part of the subscription capital stock , although amounting to less than one million ; for enabling the company to exonerate the proprietors from
further liability ; for enabling the company to pay off the proprietors , with a view of converting the company into a mutual assurance company ; for enabling the policy-holders to assemble in general meetings ; for giving powers to such general meetings of policy-holders ; and , in the event of conversion into a mutual assurance company , enabling such meetings to make new laws for the regulation of the company . —Dated the 9 th day of November , 1848 . —Lake and AValker , Solicitors , Lincoln ' s-inn .
( This is a move in the right direction ) . THE CLERICAL , MEDICAL , AND GENERAL . —This office deservedl y takes a lead in the salient cohort of proprietary offices , combining security with profit to the assured ; and , short of its not being a mutual office , offers many advantages . It is an evidence of what rigid economy , in the early stage of a great industrial effort can do ; no other office ever was more indebted to the patient endurance of very limited remuneration b
y its directors , secretary , and clerks , than this . It is true , all parties have , on the approved success of the company , become remunerated ; and the proprietors' shares have advanced in the same ratio . The decease of Mr . Samuel Cooper , has caused a vacancy in the medical direction , and Air . Soden , ( a retired practitioner ) of Sunbury , is in the field . —ED . G . A . A .
AIEDICAL , INVALID , AND GENERAL . —AVhen Air . Neison , the highlygifted actuary of the AIedical , Invalid , and General Life Assurance Company , made his valuable addition to that branch of scientific literature , known by the generic appellation of Vital Statistics , his elaborate theories were examined with much curiosity by the actuaries and others connected with the management of Life Assurance Companies ; and the truth of the various new problemsthen enunciated in that branch of
, mathematics applicable to Life Assurance , was triumphantly demonstrated . Nor was the task a light one . A frightful array of sickness and mortality returns of the Registrar-General , compiled with frigid official accuracy , ancl occupying ponderous blue books , did not deter Mr . Neison from deducing , according to the registered results , the law of
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Analecta.
CONVERSION OF A PROPRIETARY INTO A AIUTUAL OFFICE . —( Contemplated ) . Rock Life Assurance Company , ( further powers to ) . —Notice is hereby given , that an application is intended to be made in the next session of parliament for leave to bring in a bill to regulate the manner in which the Rock Life Assurance Company shall sue ancl be sued , to extend , alter , amend , and enlarge the powers , provisions , and authorities given by and contained in the deed of settlementmade on the
establish-, ment of the said company , hearing date the 20 th day of August , 1 S 07 , or to enable the saicl company so to clo , ancl also to give other powers and authorities to the said company , particularly powers to make rules for regulating the making of investments of the funds of the company ; for facilitating the transfer of the company ' s securities ; for enabling proprietors to vote by proxy ; for enabling the company to alter the number ancl election of Directors ; for enabling the company to dispense
with the obligation on proprietors to keep Assurances on foot ; for enabling the company to alter the provisions of the deed of settlement relative to the division of profits ; for enabling the company to distribute among the proprietors the surplus above one million of the subscription capital stock ; for enabling the company to distribute among the proprietors part of the subscription capital stock , although amounting to less than one million ; for enabling the company to exonerate the proprietors from
further liability ; for enabling the company to pay off the proprietors , with a view of converting the company into a mutual assurance company ; for enabling the policy-holders to assemble in general meetings ; for giving powers to such general meetings of policy-holders ; and , in the event of conversion into a mutual assurance company , enabling such meetings to make new laws for the regulation of the company . —Dated the 9 th day of November , 1848 . —Lake and AValker , Solicitors , Lincoln ' s-inn .
( This is a move in the right direction ) . THE CLERICAL , MEDICAL , AND GENERAL . —This office deservedl y takes a lead in the salient cohort of proprietary offices , combining security with profit to the assured ; and , short of its not being a mutual office , offers many advantages . It is an evidence of what rigid economy , in the early stage of a great industrial effort can do ; no other office ever was more indebted to the patient endurance of very limited remuneration b
y its directors , secretary , and clerks , than this . It is true , all parties have , on the approved success of the company , become remunerated ; and the proprietors' shares have advanced in the same ratio . The decease of Mr . Samuel Cooper , has caused a vacancy in the medical direction , and Air . Soden , ( a retired practitioner ) of Sunbury , is in the field . —ED . G . A . A .
AIEDICAL , INVALID , AND GENERAL . —AVhen Air . Neison , the highlygifted actuary of the AIedical , Invalid , and General Life Assurance Company , made his valuable addition to that branch of scientific literature , known by the generic appellation of Vital Statistics , his elaborate theories were examined with much curiosity by the actuaries and others connected with the management of Life Assurance Companies ; and the truth of the various new problemsthen enunciated in that branch of
, mathematics applicable to Life Assurance , was triumphantly demonstrated . Nor was the task a light one . A frightful array of sickness and mortality returns of the Registrar-General , compiled with frigid official accuracy , ancl occupying ponderous blue books , did not deter Mr . Neison from deducing , according to the registered results , the law of