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Article TO THE EDITOR. Page 1 of 2 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
To The Editor.
TO THE EDITOR .
SIR AND BROTHER , —As an appendix to your report of the proceedings of the deputation , appointed by the Committee of the Asylum for Worth y Aged and Decayed Freemasons , to confer with the Board of General Purposes , with a view to the amalgamation of the two annuity plansthe one already in operation in connection with the Asylum , and the one about to be established by Grand Lodge , —I beg to hand you a calculationwhich I made the other day to refer to in Grand Lodge on the 2 nd
, instant , and from which some excellent points were made by Brother Stevens , in his admirable address on that occasion , in proposing the first motion to adjourn the consideration of the proposed regulations to an especial Grand Lodge , which the M . W . G . M . was solicited to summon for that purpose . It will serve to show , to those who were present , more clearly than the excitement of the moment would then permit them to understand , the pure and disinterested motives which prompted all the
overtures of the deputation . There are seven annuitants upon the funds of the Asylum for Worth y Aged and Decayed Freemasons ; and as it is equally an honour to them to have been found worthy of being elected to that position , and to the institution which is enabled by the means of such election to impart a ray of comfort to the declining years of these worthy and aged Brothers , I subjoin their names , the dates of their election , and their respective ages at those periods : —
No . No . 1 . Bro . George Collcott , elected 31 July , 1839 , aged 77 of Lodge 15 2 . — William Povey 65 509 3 : — John Dyson .. " 65 168 4 . -TT- Nathaniel Pearce 75 .... ] 5 5 .. — William Johnson 70 ] 2 6 . — Thomas Hovtli .. 8 July , 1810 .. 68 12 7 . -7- Jolin Clark .. 13 Jan . 1 S 41 .. G 2 49
At the present price of consols 700 / . stock would cost about 630 / . in round numbers ; and the Commissioners for the Reduction of the National Debt would grant to these Brothers for 100 / . stock each , the following annuities , payable half-yearly at the Bank of England ; namely—£ s . d . To No . 1 , being now 80 21 12 1 2 .. 68 11 7 5
3 .. 68 11 7 5 4 .. 78 18 12 8 5 .. 73 13 19 1 6 .. 70 12 6 2 7 .. 03 9 8 7
making an aggregate of £ 98 13 5 , or an average of 14 / . Is . lid . each , or 4 . 1 . Is . lid . more than their present annuity ; while the whole amount of the "Annuity Fund" of the Asylum , offered to the Board of General Purposes , namely 1000 / . ( and upwards ) if so invested , would give an average of 160 / . stock to each annuitant , and that amount of stock would purchase annuities for the same as under ; namely—
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
To The Editor.
TO THE EDITOR .
SIR AND BROTHER , —As an appendix to your report of the proceedings of the deputation , appointed by the Committee of the Asylum for Worth y Aged and Decayed Freemasons , to confer with the Board of General Purposes , with a view to the amalgamation of the two annuity plansthe one already in operation in connection with the Asylum , and the one about to be established by Grand Lodge , —I beg to hand you a calculationwhich I made the other day to refer to in Grand Lodge on the 2 nd
, instant , and from which some excellent points were made by Brother Stevens , in his admirable address on that occasion , in proposing the first motion to adjourn the consideration of the proposed regulations to an especial Grand Lodge , which the M . W . G . M . was solicited to summon for that purpose . It will serve to show , to those who were present , more clearly than the excitement of the moment would then permit them to understand , the pure and disinterested motives which prompted all the
overtures of the deputation . There are seven annuitants upon the funds of the Asylum for Worth y Aged and Decayed Freemasons ; and as it is equally an honour to them to have been found worthy of being elected to that position , and to the institution which is enabled by the means of such election to impart a ray of comfort to the declining years of these worthy and aged Brothers , I subjoin their names , the dates of their election , and their respective ages at those periods : —
No . No . 1 . Bro . George Collcott , elected 31 July , 1839 , aged 77 of Lodge 15 2 . — William Povey 65 509 3 : — John Dyson .. " 65 168 4 . -TT- Nathaniel Pearce 75 .... ] 5 5 .. — William Johnson 70 ] 2 6 . — Thomas Hovtli .. 8 July , 1810 .. 68 12 7 . -7- Jolin Clark .. 13 Jan . 1 S 41 .. G 2 49
At the present price of consols 700 / . stock would cost about 630 / . in round numbers ; and the Commissioners for the Reduction of the National Debt would grant to these Brothers for 100 / . stock each , the following annuities , payable half-yearly at the Bank of England ; namely—£ s . d . To No . 1 , being now 80 21 12 1 2 .. 68 11 7 5
3 .. 68 11 7 5 4 .. 78 18 12 8 5 .. 73 13 19 1 6 .. 70 12 6 2 7 .. 03 9 8 7
making an aggregate of £ 98 13 5 , or an average of 14 / . Is . lid . each , or 4 . 1 . Is . lid . more than their present annuity ; while the whole amount of the "Annuity Fund" of the Asylum , offered to the Board of General Purposes , namely 1000 / . ( and upwards ) if so invested , would give an average of 160 / . stock to each annuitant , and that amount of stock would purchase annuities for the same as under ; namely—