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Article SUMMARY OF NEWS FOR MARCH. ← Page 3 of 4 →
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Summary Of News For March.
At the half yearly meeting of the Railway Passengers Assurance Company , the same day , Mr . Vian , the Secretary , read a report which said : —The amount of premiums for the half-year to 31 st . Dec received and due , is 4 , 394 / . 3 s . Oaf ., making with that for the previous six months , a total income of 9 , 488 / . 17 s . 3 d . for the year just closed . The amount actually received is 3 , 516 / . 14 s . 10 d ., which , with the balance from last half-year , and the interest on investments , makes the sum of 7 , 294 / . 6 s . to credit of revenue account . The disbursements include , besides
the ordinary expenses , the large sum of 2 , 246 / . 2 s . lid . for compensation , and a charge of 150 / . towards the liquidation of preliminary expenses , in all 5 , 424 / . 9 s . Od . and this leaves a balance of 2 , 747 / . 4 s . lid ., from which sum your directors recommend the payment of interest of the paid up capital , at the rate of 4 per cent , per annum , free from income tax . The report AA'as adopted , ancl the dividend declared . It is astonishing that any one travels Avithout an assurance ticket . The Conservative Land Society held its quarterly meeting on the 14 th . Br .
Gruneisen , the Secretary , presented a report , which , after alluding to the eagerness Avith Avhich the Old Ford estate ivas taken up , said the total receipts had been 152 , 730 / . 6 s . id ., and the shares issued , 10 , 729 / . The returns of the register of order of rights are as follows : —Total to March 10 , 1855—Completed , 1 , 462 , Drawn , 1 , 724 , Seniority , 870 , Total , 4 , 056 ; Deduct rights exercised , 1 , 917 ; Total , 2 , 139 ' . The last share to be placed on the list of rights by seniority after the 25 th public drawing this dayis No . 1554 . The returns of the sale of land are as gratifing as
, , y the general receipts . From Michaelmas to Christmas the amount Avas 2 , 985 ; from Christmas to March 10 th , 7 , 892 / . 10 s . ; total amount of land sold in less than six months , 10 , 877 / . 10 s . The total amount of land sold by the society up to March 10 , 1855 , is the large sum of 102 , 994 / . The report Avas adopted , and the quarterly ballot for rights of allotment proceeded with . On the same day , a special meeting of the Householders' Life Assurance Company was held , and the interest on shares raised from 5 to 0 per cent .
The National Live Stock Insurance Company held its first annual meeting the same day , when Mr . Ryland read the report of the Directors . It stated that the Directors issued the first policy on the 30 th of Sept ., 1853 . and to the 31 st of Dec . last , the board had issued 1 , 855 policies , insuring lh'e stock valued at 285 , 539 / ., the premiums upon Avhich amounted to 8 , 277 / ., Avhilst the claims had amounted to 6 , 377 / ., exclusive of salvage . The business was increasing , and the board had every expectation of an extended success . The report AA'as adopted .
The Merchant and Tradesmen ' s Mutual Life Assurance Society held its annual meeting on the 15 th . The report , which was adopted , said— " Tho number of proposals for assurance submitted during the year was 911 , for sums amounting to 209 , 135 / . ; the number of policies issued from February 1 , 1854 , to January 31 , 1855 , had been 797 , assuring 182 , 735 / . ; the premiums on which amounted to 5 , 491 / . 16 s . 3 c / . ; the amount assured prior to Feb . 1 , 1854 , and still in force AA'as , on 1467 polices 357666 / . ; the annual premiums on which were 11251 / 8 s 6 d
, , , , . . . Sixty-three proposals had since passed the board and been completed , amounting to 17 , 300 / . ; the annual premiums on Avhich were 520 / . 17 s . 10 c / . ; making the amount of current insurances 557 , 701 / . ; the number of policies 2 , 327 ; ancl the present income of the society 16 , 743 / . 4 s . 9 c / . Claims in respect of deaths , with bonus additions , amounting to 3 , 441 / 14 s , 2 d ., had been duly discharged . " At the annual meeting of the Economic Life Assurance Society on the 24 th , it was explained that the total sum at present insured was 5 , 559 , 368 / ., without bonus ,
so that the present condition of the society might be stated at 6 , 000 , 000 / . of risk , to meet which they had one million and a half of invested capital , and a premium income of 168 , 121 / . per annum . The Professional Life Assurance Company held its annual meeting on the 28 th , when the new manager ( Mr . Massey ) presented a report , which showed that during the past year there had been issued 630 new policies , assuring 263 , 320 / ., and producing an income , from premiums , of 7 , 541 / ., being a large increase on the business of the previous year . The premium income of the company is now about 30 , 000 / .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News For March.
At the half yearly meeting of the Railway Passengers Assurance Company , the same day , Mr . Vian , the Secretary , read a report which said : —The amount of premiums for the half-year to 31 st . Dec received and due , is 4 , 394 / . 3 s . Oaf ., making with that for the previous six months , a total income of 9 , 488 / . 17 s . 3 d . for the year just closed . The amount actually received is 3 , 516 / . 14 s . 10 d ., which , with the balance from last half-year , and the interest on investments , makes the sum of 7 , 294 / . 6 s . to credit of revenue account . The disbursements include , besides
the ordinary expenses , the large sum of 2 , 246 / . 2 s . lid . for compensation , and a charge of 150 / . towards the liquidation of preliminary expenses , in all 5 , 424 / . 9 s . Od . and this leaves a balance of 2 , 747 / . 4 s . lid ., from which sum your directors recommend the payment of interest of the paid up capital , at the rate of 4 per cent , per annum , free from income tax . The report AA'as adopted , ancl the dividend declared . It is astonishing that any one travels Avithout an assurance ticket . The Conservative Land Society held its quarterly meeting on the 14 th . Br .
Gruneisen , the Secretary , presented a report , which , after alluding to the eagerness Avith Avhich the Old Ford estate ivas taken up , said the total receipts had been 152 , 730 / . 6 s . id ., and the shares issued , 10 , 729 / . The returns of the register of order of rights are as follows : —Total to March 10 , 1855—Completed , 1 , 462 , Drawn , 1 , 724 , Seniority , 870 , Total , 4 , 056 ; Deduct rights exercised , 1 , 917 ; Total , 2 , 139 ' . The last share to be placed on the list of rights by seniority after the 25 th public drawing this dayis No . 1554 . The returns of the sale of land are as gratifing as
, , y the general receipts . From Michaelmas to Christmas the amount Avas 2 , 985 ; from Christmas to March 10 th , 7 , 892 / . 10 s . ; total amount of land sold in less than six months , 10 , 877 / . 10 s . The total amount of land sold by the society up to March 10 , 1855 , is the large sum of 102 , 994 / . The report Avas adopted , and the quarterly ballot for rights of allotment proceeded with . On the same day , a special meeting of the Householders' Life Assurance Company was held , and the interest on shares raised from 5 to 0 per cent .
The National Live Stock Insurance Company held its first annual meeting the same day , when Mr . Ryland read the report of the Directors . It stated that the Directors issued the first policy on the 30 th of Sept ., 1853 . and to the 31 st of Dec . last , the board had issued 1 , 855 policies , insuring lh'e stock valued at 285 , 539 / ., the premiums upon Avhich amounted to 8 , 277 / ., Avhilst the claims had amounted to 6 , 377 / ., exclusive of salvage . The business was increasing , and the board had every expectation of an extended success . The report AA'as adopted .
The Merchant and Tradesmen ' s Mutual Life Assurance Society held its annual meeting on the 15 th . The report , which was adopted , said— " Tho number of proposals for assurance submitted during the year was 911 , for sums amounting to 209 , 135 / . ; the number of policies issued from February 1 , 1854 , to January 31 , 1855 , had been 797 , assuring 182 , 735 / . ; the premiums on which amounted to 5 , 491 / . 16 s . 3 c / . ; the amount assured prior to Feb . 1 , 1854 , and still in force AA'as , on 1467 polices 357666 / . ; the annual premiums on which were 11251 / 8 s 6 d
, , , , . . . Sixty-three proposals had since passed the board and been completed , amounting to 17 , 300 / . ; the annual premiums on Avhich were 520 / . 17 s . 10 c / . ; making the amount of current insurances 557 , 701 / . ; the number of policies 2 , 327 ; ancl the present income of the society 16 , 743 / . 4 s . 9 c / . Claims in respect of deaths , with bonus additions , amounting to 3 , 441 / 14 s , 2 d ., had been duly discharged . " At the annual meeting of the Economic Life Assurance Society on the 24 th , it was explained that the total sum at present insured was 5 , 559 , 368 / ., without bonus ,
so that the present condition of the society might be stated at 6 , 000 , 000 / . of risk , to meet which they had one million and a half of invested capital , and a premium income of 168 , 121 / . per annum . The Professional Life Assurance Company held its annual meeting on the 28 th , when the new manager ( Mr . Massey ) presented a report , which showed that during the past year there had been issued 630 new policies , assuring 263 , 320 / ., and producing an income , from premiums , of 7 , 541 / ., being a large increase on the business of the previous year . The premium income of the company is now about 30 , 000 / .