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  • July 1, 1855
  • Page 57
  • SUMMARY OF NEWS FOR JUNE.
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The Masonic Mirror, July 1, 1855: Page 57

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    Article SUMMARY OF NEWS FOR JUNE. ← Page 3 of 4 →
Page 57

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Summary Of News For June.

admitted . Of these , 69 had been cured , 9 nearly cured , 49 improved , 71 had discontinued attendance , and 41 were still under treatment . The anniversary festival of the United Land Clerks' Society was held at the Freemasons' Tavern , on the ] 2 th ult . Lord Justice Turner presided . The report said—The number of members who , in the past year , claimed relief on account of sickness , has been 25 ; £ 121 7 s . 6 d . has been expended in meeting these claims—considerably less than was required in the two preceding years . Each applicant receives one guinea

weekly so long as his illness disables him from following his employment , but not exceeding one year . Should it extend over that period , the member is entitled to half the amount during a second year ; and if his affliction assume a permanent character , then he is entitled to relief for life out of the Superannuation Fund . Two of these cases of sickness terminated in the members being placed on that fund , ancl three others ended in death . The total relief afforded to the members on account of sickness alone amounts to the sum of £ 3349 16 s . 6 d . The claims on the Superannuation Fund are

, increasing . Last year there were five ; there are now seven , requiring a yearly expenditure of £ 239 4 s . In three of these cases the members receive yearly £ 31 4 s . each , and the remaining four £ 36 8 s . The Committee were able to announce at the last anniversary that in the year preceding not one case of death had occurred amongst 524 members . On this occasion they have to report the death , since the last festival , of six members . The family of- each received the sum of £ 50 . The Committee have also to report the death of the wives of five members ; to each of these members the

sum of £ 25 has been paid . The total expenditure on account of death has reached the sum of £ 4 , 927 10 s . On the 26 th , Prince Albert inaugurated the R . C . Medical Benevolent College at Epsom as an asylum for decayed members of the Profession and their widows , and as a school for the education of their children . The arrangements were of the worst possible character .

PROVIDENT . The Times Life Insurance Company held its annual meeting on the 7 th ult . During the year the company completed and issued 1612 policies , covering 393 , 515 / ., and yielding in premiums 7012 / . 8 s . 10 c / . A bonus of one per cent , per annum , was declared on the life policies entitled to a division of profits , and a bonus of 2 s . 6 d . per share on the capital stock of the Company . On the 21 st ult . the proprietors of the Royal Exchange declared a

dividendequiva-, , lent to 11 per cent , per annum . The Achilles Insurance Company held its annual meeting on the 6 th ult ., when it was stated , that during the past year the Company completed 225 policies , assuring 101 , 230 / ., and producing a new income of 3 , 128 , 134 / . The average amount of each policy was 450 / , A special meeting of the Law Life Assurance Company was held on the 8 th ult ., for the declaration of the surplus profits of the 4 th septennial period of the Company's

career , when it appeared that they amounted to 793 , 147 / . 9 s . id ., one-fifth of which belonged to the proprietors , and the remaining four-fifths to the assured . The Guarantee Fund on the 31 st December , was 615 , 858 / . 16 s . 4 c / . The interest accruing from this sum of 615 , 858 / . 16 s . id ., as at present invested , will enable the directors to pay to the proprietors an annual dividend of 21 . 10 s . per share , clear of income tax ; being an increase of dividend of 14 s . per share ; the entire dividend being after the rate of 25 per cent , per annum on the amount paid up on each share . The sum

of 634 , 517 / . 19 s . Od . falling to the share of the assured , has been allotted among them in proportion to their respective interests , a reserve being made for those policies which are not yet entitled to participate , by reason of their not being of three full years' standing . During the month , the Waterloo Life Assurance Company held meetings at Liverpool and Kendal . The Company , although established only 3 | years , has now a premium income of upwards of 14 , 000 / . per annum , and has invested 30 , 000 / . The claims which have as yet fallen in , amount to only 1500 / . On the 16 th ult ., Lord Torrington presided at the annual meeting of the Indisputable Insurance Company , when a report was read , which stated that there was a con-

“The Masonic Mirror: 1855-07-01, Page 57” Masonic Periodicals Online, Library and Museum of Freemasonry, 12 May 2025, django:8000/periodicals/mir/issues/mmg_01071855/page/57/.
  • List
  • Grid
Title Category Page
MARK MASONRY. Article 1
THE GIRLS' SCHOOL. Article 2
FREEMASONRY IN ENGLAND. Article 3
MASONIC REMINISCENCES. Article 10
BROTHERLY LOVE. Article 15
MASONIC INTELLIGENCE. Article 23
PROVINCIAL LODGES. Article 29
ROYAL ARCH. Article 51
THE COLONIES. Article 52
CORRESPONDENCE. Article 53
SUMMARY OF NEWS FOR JUNE. Article 55
OBITUARY. Article 58
TO CORRESPONDENTS. Article 59
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.

Summary Of News For June.

admitted . Of these , 69 had been cured , 9 nearly cured , 49 improved , 71 had discontinued attendance , and 41 were still under treatment . The anniversary festival of the United Land Clerks' Society was held at the Freemasons' Tavern , on the ] 2 th ult . Lord Justice Turner presided . The report said—The number of members who , in the past year , claimed relief on account of sickness , has been 25 ; £ 121 7 s . 6 d . has been expended in meeting these claims—considerably less than was required in the two preceding years . Each applicant receives one guinea

weekly so long as his illness disables him from following his employment , but not exceeding one year . Should it extend over that period , the member is entitled to half the amount during a second year ; and if his affliction assume a permanent character , then he is entitled to relief for life out of the Superannuation Fund . Two of these cases of sickness terminated in the members being placed on that fund , ancl three others ended in death . The total relief afforded to the members on account of sickness alone amounts to the sum of £ 3349 16 s . 6 d . The claims on the Superannuation Fund are

, increasing . Last year there were five ; there are now seven , requiring a yearly expenditure of £ 239 4 s . In three of these cases the members receive yearly £ 31 4 s . each , and the remaining four £ 36 8 s . The Committee were able to announce at the last anniversary that in the year preceding not one case of death had occurred amongst 524 members . On this occasion they have to report the death , since the last festival , of six members . The family of- each received the sum of £ 50 . The Committee have also to report the death of the wives of five members ; to each of these members the

sum of £ 25 has been paid . The total expenditure on account of death has reached the sum of £ 4 , 927 10 s . On the 26 th , Prince Albert inaugurated the R . C . Medical Benevolent College at Epsom as an asylum for decayed members of the Profession and their widows , and as a school for the education of their children . The arrangements were of the worst possible character .

PROVIDENT . The Times Life Insurance Company held its annual meeting on the 7 th ult . During the year the company completed and issued 1612 policies , covering 393 , 515 / ., and yielding in premiums 7012 / . 8 s . 10 c / . A bonus of one per cent , per annum , was declared on the life policies entitled to a division of profits , and a bonus of 2 s . 6 d . per share on the capital stock of the Company . On the 21 st ult . the proprietors of the Royal Exchange declared a

dividendequiva-, , lent to 11 per cent , per annum . The Achilles Insurance Company held its annual meeting on the 6 th ult ., when it was stated , that during the past year the Company completed 225 policies , assuring 101 , 230 / ., and producing a new income of 3 , 128 , 134 / . The average amount of each policy was 450 / , A special meeting of the Law Life Assurance Company was held on the 8 th ult ., for the declaration of the surplus profits of the 4 th septennial period of the Company's

career , when it appeared that they amounted to 793 , 147 / . 9 s . id ., one-fifth of which belonged to the proprietors , and the remaining four-fifths to the assured . The Guarantee Fund on the 31 st December , was 615 , 858 / . 16 s . 4 c / . The interest accruing from this sum of 615 , 858 / . 16 s . id ., as at present invested , will enable the directors to pay to the proprietors an annual dividend of 21 . 10 s . per share , clear of income tax ; being an increase of dividend of 14 s . per share ; the entire dividend being after the rate of 25 per cent , per annum on the amount paid up on each share . The sum

of 634 , 517 / . 19 s . Od . falling to the share of the assured , has been allotted among them in proportion to their respective interests , a reserve being made for those policies which are not yet entitled to participate , by reason of their not being of three full years' standing . During the month , the Waterloo Life Assurance Company held meetings at Liverpool and Kendal . The Company , although established only 3 | years , has now a premium income of upwards of 14 , 000 / . per annum , and has invested 30 , 000 / . The claims which have as yet fallen in , amount to only 1500 / . On the 16 th ult ., Lord Torrington presided at the annual meeting of the Indisputable Insurance Company , when a report was read , which stated that there was a con-

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