Summary Of News For November.

PROVIDENT . The Trafalgar Life Assurance Company held its fourth annual meeting on November 28 th , when a very satisfactory report was presented , showing the income to amount to upwards of 24 , 000 / . per annum , and a dividend of 7 i per cent was declared . On the following day a special meeting was held , when it was agreed to merge the Trafalgar into the Unity General Life Office , established in connexion with the Unity Fire

Association . The advantages of assurance on railways was lately shown iii a very remarkable manner . An old woman in Yorkshire having been for some time an inmate of the union workhouse , visited her daughter at Burnley ; on her return her son-in-law in paying her third class fare also took a penny ticket of the Railway Passengers Assurance Company , assuring 200 / . on her life . Unfortunately the old lady did meet with an accident which terminated fatally , and after paying the parish for her support and

the funeral expenses , the family will receive the balance of the amount assured . On the 13 th , the Third Annual Meeting of the Waterloo Life Education Self Relief Assurance Company was held at the Offices in the Strand . Mr . "Williams , the Manager , read the report , which stated that , notwithstanding the war , increased , income tax and consequent pressure upon the money market during the last year , 632 proposals had been made to the directors , of which 488 had been completed , assuring the sum of , 128 , 620 / ., and producing the annual income of 4 , 238 / . Of the

remaining proposals for assuring 45 , 534 / ., several were in course of completion ; others the directors had deemed it desirable altogether to decline . The annual income of the company , from premiums alone , exceeded 11 , 400 / . ; the total number of policies granted was 1 , 091 / . ; and the amount assured was 342 , 883 / . Notwithstanding the number of parties assured , there was not a single claim from death during the whole year , and , indeed , only two claims had as yet come upon the company , in one of which death was caused by accident . The report was received , & dividend at the rate of C per cent , per annum declared , and a variety of complimentary resolutions , showing the confidence of the proprietors in the directors and manager—Mr . Williams—were passed .

On the 15 th , the Unity Fire Insurance Company held its Annual General Meeting at Willis ' s Rooms , whoa a report was presented , showing that whereas the first proprietors of the association was issued in May , 1852 ; that on the 16 th September , 1853 , the share list was closed , and the original capital , 1 , 000 , 000 / ., subscribed for by nearly 5 , 000 shareholders ; in consequence of the extraordinary demand for shares . On the 28 th November the proprietors , at a special meeting , sanctioned the creation of a new capital of 1 , 000 , 000 / ., to be issued only at a premium of 100 per cent , on the

deposit , i . e ., every 5 * . so paid counting only as 2 s . M . Of these new shares 129 , 496 had been allotted , the premiums received from which amounted to 10 , 815 / . 7 * . 6 < Z . From the commencement of the assurance business on the 29 th September , 1852 , to November 3 rd , 1854 , the number of policies effected with the company were 17 , 581 , insuring 12 , 662 , 254 / . The premiums on which , after deducting all cancelled policies , amounted to 26 , 010 / . 3 s-. 7 ( 7 ., irrespective of the Government duty of 20 , 843 / . 16 s . M . The report further stated that 18 branch

establishments had been organised , and 886 agencies appointed , the total expense of the whole being about 40 , 000 / ., irrespective of 11 , 580 / . paid for fire losses , whilst the available funds at the command of the association , including the calls not yet made , were 947 , 368 / . 8 s . 9 (/ ., in addition to 95 , 880 / . 12 s . U . invested for the benefit of the association . Mr . J . H . Baylis , the acting manager of the institution , entered into a long statement relative to its position , in which he contended that , were they disposed to part with it at the present moment , they could realise , after paying off all their capital and the premiums upon the new shares , a profit of 14 , 000 / . The report was adopted , a dividend of 5 per cent , declared , and resolutions expressive of the fullest confidence in the management were passed .