-
Articles/Ads
Article GENERAL MEETINGS. ← Page 10 of 14 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
General Meetings.
THE STANDARD LIFE ASSURANCE COMPANY . —The twenty-third annual general meeting of this company was held on the 15 th of February , at their office , 3 , George-street , Edinburgh , AVilliam Wood , Esq ., Surgeon , in the chair . Tbe number of new policies for Life Assurance issued by the company from the 15 th of November , 1847 , to the 15 th of November , 1848 , was five hundred and seventy-one . The sums assured during the same
period contained in these policies amounted to 395 , 864 / . 12 * . lid . The number of applications for policies made to the company , and from which the above transactions were selected , was seven hundred and thirty-six , containing proposals for assurance to the extent of 519 , 3-29 / . 13 * . 5 d . The meeting expressed entire satisfaction with the report and statements .
COMMERCIAL AND GENERAL LIFE ASSURANCE ASSOCIATION , NO . 112 , Cheapside . —At the annual general meeting of the shareholders , held on the 15 th January , II . G . Ward , Esq ., M . P ., in the chair , the Directors ' report was read , and received with much satisfaction , showing an increase amounting to twenty per cent , upon the business effected during the past year . A dividend at the rate of six per cent , per annum upon the paid-up capital was declared . The officers for the ensuing year were elected ; and after passing a unanimous vote of thanks to the Chairman and Directors , for their continued exertions in promoting the prosperity of the association , the meeting adjourned .
LAW LIFE ASSURANCE SOCIETY . —A general meeting of the proprietors of this society was held in the second week of February , at the offices in Fleet-street , Mr . Robinson , Queen ' s Coroner , in the chair . The Secretary read the report , which stated that the receipts for the past year amounted to 392 , 121 / . 9 * . 7 d ., which included new premiums , 17 , 670 / . 14 * . 3 d . ¦ renewal premiums , 294 , 191 / . 19 * . 8 d . ; and profit and loss , 80 , 328 / . 15 * . 3 d . The expenditure for the same period amounted to 235972 / . 17 * . 9 < 1 including claims on deathsto the amount of 160333 / . ;
, , , , bonuses , 44 , 456 / . ; surrenders , 94 , 525 / . 16 * . 2 d . ; charges for management , including law charges , 6 , 662 / . 1 * . 7 d . The balance for the year was 156 , 217 / . 11 * . 10 d ., whicli , added to the balance up to the end of the year 1847 , made the total amount of the society ' s property 3 , 265 , 138 / . 13 * . 9 d . In answer to the question of a member , the Chairman stated that the total number of policies issued during the past year amounted to four
hundred and seven , which was an increase of forty over the year 1847 . Mr . Beddome proposed a motion that the qualification for the office of Director should consist in holding fifty shares of the society , and assurance policies to the extent of 5 , 000 / . In reply to questions , the Chairman stated that of the entire number of shareholders , only thirty-nine held fifty shares , and only five held assurances on their own lives to the amount of 5 , 0001 . Of these five ,
three were officers of the society , and another was disqualified by residence in the country , so that there would only remain one person in the proprietary who would be qualified to fill the office of Director under Mr . Beddome ' s proposition . After some conversation , the proposition was negatived . The following resolution was then adopted— " That , notwithstanding anything contained ' in this society ' s deed of settlement , it shall be lawful for the Directors , on request of any person entitled to a bonus or addition already made , or hereafter to be made , upon any policy effected with this society , to apply such bonus or addition , oi any VOL . VII . Q
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
General Meetings.
THE STANDARD LIFE ASSURANCE COMPANY . —The twenty-third annual general meeting of this company was held on the 15 th of February , at their office , 3 , George-street , Edinburgh , AVilliam Wood , Esq ., Surgeon , in the chair . Tbe number of new policies for Life Assurance issued by the company from the 15 th of November , 1847 , to the 15 th of November , 1848 , was five hundred and seventy-one . The sums assured during the same
period contained in these policies amounted to 395 , 864 / . 12 * . lid . The number of applications for policies made to the company , and from which the above transactions were selected , was seven hundred and thirty-six , containing proposals for assurance to the extent of 519 , 3-29 / . 13 * . 5 d . The meeting expressed entire satisfaction with the report and statements .
COMMERCIAL AND GENERAL LIFE ASSURANCE ASSOCIATION , NO . 112 , Cheapside . —At the annual general meeting of the shareholders , held on the 15 th January , II . G . Ward , Esq ., M . P ., in the chair , the Directors ' report was read , and received with much satisfaction , showing an increase amounting to twenty per cent , upon the business effected during the past year . A dividend at the rate of six per cent , per annum upon the paid-up capital was declared . The officers for the ensuing year were elected ; and after passing a unanimous vote of thanks to the Chairman and Directors , for their continued exertions in promoting the prosperity of the association , the meeting adjourned .
LAW LIFE ASSURANCE SOCIETY . —A general meeting of the proprietors of this society was held in the second week of February , at the offices in Fleet-street , Mr . Robinson , Queen ' s Coroner , in the chair . The Secretary read the report , which stated that the receipts for the past year amounted to 392 , 121 / . 9 * . 7 d ., which included new premiums , 17 , 670 / . 14 * . 3 d . ¦ renewal premiums , 294 , 191 / . 19 * . 8 d . ; and profit and loss , 80 , 328 / . 15 * . 3 d . The expenditure for the same period amounted to 235972 / . 17 * . 9 < 1 including claims on deathsto the amount of 160333 / . ;
, , , , bonuses , 44 , 456 / . ; surrenders , 94 , 525 / . 16 * . 2 d . ; charges for management , including law charges , 6 , 662 / . 1 * . 7 d . The balance for the year was 156 , 217 / . 11 * . 10 d ., whicli , added to the balance up to the end of the year 1847 , made the total amount of the society ' s property 3 , 265 , 138 / . 13 * . 9 d . In answer to the question of a member , the Chairman stated that the total number of policies issued during the past year amounted to four
hundred and seven , which was an increase of forty over the year 1847 . Mr . Beddome proposed a motion that the qualification for the office of Director should consist in holding fifty shares of the society , and assurance policies to the extent of 5 , 000 / . In reply to questions , the Chairman stated that of the entire number of shareholders , only thirty-nine held fifty shares , and only five held assurances on their own lives to the amount of 5 , 0001 . Of these five ,
three were officers of the society , and another was disqualified by residence in the country , so that there would only remain one person in the proprietary who would be qualified to fill the office of Director under Mr . Beddome ' s proposition . After some conversation , the proposition was negatived . The following resolution was then adopted— " That , notwithstanding anything contained ' in this society ' s deed of settlement , it shall be lawful for the Directors , on request of any person entitled to a bonus or addition already made , or hereafter to be made , upon any policy effected with this society , to apply such bonus or addition , oi any VOL . VII . Q