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Article THE GENERAL ASSURANCE ADVOCATE. ← Page 6 of 7 →
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The General Assurance Advocate.
take care to have it furnished in a uniform and rational manner . It may also be added , that if one class of assurance officers are required to make such returns , it would be but fair that all the others should be called upon in a similar way . "
The Engineers' and Masonic Life Assurance having been adverted to , the Directors , with a confident reliance upon the justice of their case , and a courage worthy of their motives , directed their Actuary to address the following letter to the Editor : — To the Editor of The Times .
SIR , —The passage in your City Article of this day referring to the " Engineers' Assurance Society , " states " that the sum of 3 , 252 / . was expended during the last year in preliminary expenses and law charges . " The words in the return to the registrar , are " office charges , including deed and all preliminary expenses , 3 , 252 / . 15 s . lid , " a sum which comprehended not only the working charges for the year , but the whole
of the preliminary expenses , and charges for deed , registration , & c , connected with the formation of the society . I may take the opportunity of adding that the position of the society , encouraging as it was at the time of that return , has been since considerably improved . The policies completed were then two hundred and eight , while up to this day eight hundred and eighty-three proposals have been submitted to
the Board , of which seventy-five have been declined , fifty-six remain for completion or further consideration , and seven hundred and fifty-two have been completed , producing an annual income from premiums alone of 6 , 146 / . 10 s . 5 d . I am , Sir , your obedient servant , FREDERIC LAWRANOE , Actuary , & c 345 , Strand , Oct . 26 .
The Editor of The Times immediately inserted the letter , and this promptitude was no doubt of great service to so young an office , the Directors of which are anxious to stand fairly in the opinion of the public . The Actuary of another office inserted the following in The Times : — SIR , —In your money article in The Times of the 26 th instant , you
allude , among others , to the balance-sheet of the " Mercantile Life Assurance Association . " May I beg the favour of your giving equally prominent publicity to the fact that the Mercantile Life Association is a Scotch office , established the 30 th July , 1846 ; place of business , 4 , St . Andrew ' s-square , Edinburgh ; and not the " National Mercantile Life Assurance Society , '' of the "Poultry , London , " established in 1837 ? I would not have troubled you with this had it not been for the fact that
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The General Assurance Advocate.
take care to have it furnished in a uniform and rational manner . It may also be added , that if one class of assurance officers are required to make such returns , it would be but fair that all the others should be called upon in a similar way . "
The Engineers' and Masonic Life Assurance having been adverted to , the Directors , with a confident reliance upon the justice of their case , and a courage worthy of their motives , directed their Actuary to address the following letter to the Editor : — To the Editor of The Times .
SIR , —The passage in your City Article of this day referring to the " Engineers' Assurance Society , " states " that the sum of 3 , 252 / . was expended during the last year in preliminary expenses and law charges . " The words in the return to the registrar , are " office charges , including deed and all preliminary expenses , 3 , 252 / . 15 s . lid , " a sum which comprehended not only the working charges for the year , but the whole
of the preliminary expenses , and charges for deed , registration , & c , connected with the formation of the society . I may take the opportunity of adding that the position of the society , encouraging as it was at the time of that return , has been since considerably improved . The policies completed were then two hundred and eight , while up to this day eight hundred and eighty-three proposals have been submitted to
the Board , of which seventy-five have been declined , fifty-six remain for completion or further consideration , and seven hundred and fifty-two have been completed , producing an annual income from premiums alone of 6 , 146 / . 10 s . 5 d . I am , Sir , your obedient servant , FREDERIC LAWRANOE , Actuary , & c 345 , Strand , Oct . 26 .
The Editor of The Times immediately inserted the letter , and this promptitude was no doubt of great service to so young an office , the Directors of which are anxious to stand fairly in the opinion of the public . The Actuary of another office inserted the following in The Times : — SIR , —In your money article in The Times of the 26 th instant , you
allude , among others , to the balance-sheet of the " Mercantile Life Assurance Association . " May I beg the favour of your giving equally prominent publicity to the fact that the Mercantile Life Association is a Scotch office , established the 30 th July , 1846 ; place of business , 4 , St . Andrew ' s-square , Edinburgh ; and not the " National Mercantile Life Assurance Society , '' of the "Poultry , London , " established in 1837 ? I would not have troubled you with this had it not been for the fact that