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Article ZFOJJS.T3 BZYISSOTJ OF PBOPITS. CLERICAL... ← Page 2 of 2 Article PALLADIUM LIFE ASSURANCE SOCIETY, 7, WAT... Page 1 of 1
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Zfojjs.T3 Bzyissotj Of Pbopits. Clerical...
It is clear , then , that the prospects of Policy Holders at future divisions are most favourable , partly from the unusually large sum retained to meet claims , as shown above , and partly from the reserve of so considerable amount as . 51 . 5001 . out of profits thus ascertained . These facts , which have operated to a certain extent in the diminution of former bonuses , will undoubtedly contribute most powerfully to increase the amount of profits to be appropriated to the Assured at all succeeding divisions . In confirmation of this view , the Directors need only remind the Assured of the statement made at the division in January , 1842 , tbat the- two preceding bonuses had averaged 22 per
cent , on the Premiums ; that the one then divided averaged 28 per cent . ; and that tbe future bonuses were expected to exceed that amount . The most sanguine expectations entertained at that time have been fully realized by the amount of tbe present bonus averaging more than 36 per cent . ; and on precisely the same ground the Directors conceive themselves entitled to assert , with additional confidence , that its farther increase from time to time is almost certain . Tbe large and increasing amount of tbe Society's business , and the proportionable diminution of the expense of management ( which is now only 3 J per cent , on the income ) , must
also be taken into account in the anticipation of future profits . The Directors have only to add , that they have instructed the Actuary to exhibit to any Proprietor or Policy Holder , or to any person who maybe desirous of assuring , the details of all the calculations , with a full statement of the assets and liabilities , and balance-sheets of the Society . GEO . H . PINCKARD , Actuary . No . 78 , Great Russell Street , Bloomsbury , London . Persons of all ages , and in any station , may Assure witii tbis Society . NEARLY FIVE-SIXTHS OP ALL , THE PROFITS WILL IN FUTUBE BE DIVIDED AMONG THE ASSURED .
Palladium Life Assurance Society, 7, Wat...
PALLADIUM LIFE ASSURANCE SOCIETY , 7 , WATERLOO-PLACE , LONDON . U'llliCTOaS . Sir John Barrow , bt . F . B . S . Chas . Elliott , Esq , F . R . S . Henry Harvey , Esq ., F . R . S . Ld . W . R , K . Douglas , F . R . S . Joseph Esdaile , Ksq . James Murray , Esq . Rt . Hon . Sir Edward Hyde Wm A . Guy , M . D . Samuel Skinner , Esq . East , bt , F . R . S . Sir T . F . Fremantle , bt Sir Wm . Young , bt .
Auditors—Capt . C . J . Rosanquet , R , N . ; Jas . Ruller East , Esq ., M . P . ; John Young , Esq ., M . P . Bankers—The London and Westminster Bank . Physician—Scth Thompson , M . D , In this Society the Assured receive Foua-rarrns of the profits of a long-established and successful business , the principal of the remaining fifth being further invested for their security , in addition to the guarantee of a numerous and wealthy proprietary . The result of this distribution at the close of the Third Septennial Investigation , December , 1845 , is shown in the following Table : — Total additions made to Policies for £ 5 , 000 , which hud been in force for Twenty-one years , on the 31 st December , 1815 .
Age at Gross additions , , ., . iltxluch"r . s of commenee-i to the Annual I'reiumm Premiums equiva mem . , Sum Assure . ! . on Ih * 1 ' oucy . lent to the i Bonus i ' ec ] men . 10 ' \ £ 791 19 1 £ 85 4 2 £ 21 11 11 15 i 930 1 9 96 9 2 28 10 2 20 : 1 , 070 19 3 108 19 2 37 7 5 25 , ' 1096 1 10 120 4 2 43 18 7
, 30 ] 1 , 128 7 2 133 10 10 52 14 6 35 1 , 179 6 5 149 11 8 64 18 0 40 ! 1 , 271 8 1 169 15 10 84 2 9 I 4 o I 1 , 383 16 II 194 15 10 113 II 1 i 50 I 1 , 554 19 9 I 226 13 4 164 6 8
Tables of Rates , and every information respecting Assurances , may be had at the Society ' s Office , or of the agents in different parts of the country . In addition to the ordinary cases provided for in the Society ' s printed prospectuses , special Policies will be granted to meet contingencies of every description . Applications for Agencies ; in places where none are established , to be addressed to the Secretary . JEREMIAH LODGE . Secretary and Actuary .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Zfojjs.T3 Bzyissotj Of Pbopits. Clerical...
It is clear , then , that the prospects of Policy Holders at future divisions are most favourable , partly from the unusually large sum retained to meet claims , as shown above , and partly from the reserve of so considerable amount as . 51 . 5001 . out of profits thus ascertained . These facts , which have operated to a certain extent in the diminution of former bonuses , will undoubtedly contribute most powerfully to increase the amount of profits to be appropriated to the Assured at all succeeding divisions . In confirmation of this view , the Directors need only remind the Assured of the statement made at the division in January , 1842 , tbat the- two preceding bonuses had averaged 22 per
cent , on the Premiums ; that the one then divided averaged 28 per cent . ; and that tbe future bonuses were expected to exceed that amount . The most sanguine expectations entertained at that time have been fully realized by the amount of tbe present bonus averaging more than 36 per cent . ; and on precisely the same ground the Directors conceive themselves entitled to assert , with additional confidence , that its farther increase from time to time is almost certain . Tbe large and increasing amount of tbe Society's business , and the proportionable diminution of the expense of management ( which is now only 3 J per cent , on the income ) , must
also be taken into account in the anticipation of future profits . The Directors have only to add , that they have instructed the Actuary to exhibit to any Proprietor or Policy Holder , or to any person who maybe desirous of assuring , the details of all the calculations , with a full statement of the assets and liabilities , and balance-sheets of the Society . GEO . H . PINCKARD , Actuary . No . 78 , Great Russell Street , Bloomsbury , London . Persons of all ages , and in any station , may Assure witii tbis Society . NEARLY FIVE-SIXTHS OP ALL , THE PROFITS WILL IN FUTUBE BE DIVIDED AMONG THE ASSURED .
Palladium Life Assurance Society, 7, Wat...
PALLADIUM LIFE ASSURANCE SOCIETY , 7 , WATERLOO-PLACE , LONDON . U'llliCTOaS . Sir John Barrow , bt . F . B . S . Chas . Elliott , Esq , F . R . S . Henry Harvey , Esq ., F . R . S . Ld . W . R , K . Douglas , F . R . S . Joseph Esdaile , Ksq . James Murray , Esq . Rt . Hon . Sir Edward Hyde Wm A . Guy , M . D . Samuel Skinner , Esq . East , bt , F . R . S . Sir T . F . Fremantle , bt Sir Wm . Young , bt .
Auditors—Capt . C . J . Rosanquet , R , N . ; Jas . Ruller East , Esq ., M . P . ; John Young , Esq ., M . P . Bankers—The London and Westminster Bank . Physician—Scth Thompson , M . D , In this Society the Assured receive Foua-rarrns of the profits of a long-established and successful business , the principal of the remaining fifth being further invested for their security , in addition to the guarantee of a numerous and wealthy proprietary . The result of this distribution at the close of the Third Septennial Investigation , December , 1845 , is shown in the following Table : — Total additions made to Policies for £ 5 , 000 , which hud been in force for Twenty-one years , on the 31 st December , 1815 .
Age at Gross additions , , ., . iltxluch"r . s of commenee-i to the Annual I'reiumm Premiums equiva mem . , Sum Assure . ! . on Ih * 1 ' oucy . lent to the i Bonus i ' ec ] men . 10 ' \ £ 791 19 1 £ 85 4 2 £ 21 11 11 15 i 930 1 9 96 9 2 28 10 2 20 : 1 , 070 19 3 108 19 2 37 7 5 25 , ' 1096 1 10 120 4 2 43 18 7
, 30 ] 1 , 128 7 2 133 10 10 52 14 6 35 1 , 179 6 5 149 11 8 64 18 0 40 ! 1 , 271 8 1 169 15 10 84 2 9 I 4 o I 1 , 383 16 II 194 15 10 113 II 1 i 50 I 1 , 554 19 9 I 226 13 4 164 6 8
Tables of Rates , and every information respecting Assurances , may be had at the Society ' s Office , or of the agents in different parts of the country . In addition to the ordinary cases provided for in the Society ' s printed prospectuses , special Policies will be granted to meet contingencies of every description . Applications for Agencies ; in places where none are established , to be addressed to the Secretary . JEREMIAH LODGE . Secretary and Actuary .