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Article SUMMARY OF NEWS FOR MAECH ← Page 4 of 6 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News For Maech
£ 3 , 495 . 2 s . Qd . for Compensation , amounts to £ 7 , 604 . 13 s . 9 d ., leaving a balance of £ 2 , 227 . 12 s . 5 d . ; which , with the amount due from the clearing house and agents , makes the sum of £ 2 , 891 . lis . 3 d ., from which the directors propose the payment of interest at 4 per cent ., free of income tax . The amount paid as compensation during the half-year ending 31 st of December— £ 3 , 494 . 2 s . 9 d . —includes the sum of £ 2 , 000 paid to the representatives of the late Messrs . Shilling , of West Mailing , Kent .
On the 10 th , the Conservative Land Society : held its eighteenth quarterly meeting . ; The following is the substance of the report : —The sale of the Kentish Town estate was comnienced on the 22 nd of January with such a satisfactory allotment as to afford the confident expectation of the disposal of the remaining plots before the end of the financial year . Some of the best sites might still be selected on this valuable property , although nearly £ 10 , 000 in amount were
realized on the first day . The returns of the business showed that up to March 7 th , the number of shares in progress was 10 , 973 ; shares completed , 2 , 118 total , 13 ^ 091 ; and that £ 284 , 970 had been received . The total quantity of land sold up to the 7 th of March was £ 203 046 . The register of order of rights showed that 2 , 344 shares had been completed , 2 , 582 drawn , and that 1 , 331 had become entitled by seniority , making a total of 6 , 257 . The number of rights exercised was 3 , 621 , leaving 2 ^ 636 unexercised rights .
On the 19 th > was held the meeting of the Merchants' and Tradesmen-s Assurance Society , when a report , which stated as follows , was submitted to the members ;—"Seven hundred and twenty proposals were submitted to the board during the year , for sums amounting to £ 187 , 870 , of which there were completed from 1 st of February , 1856 , to 31 st of January last 493 proposals , assuring £ 118 , 535 , the annual premiums on which amount to £ 3 , 998 . 12 s . ; there were uncompleted at 31 st of January last , from various causes , 178 proposals , assuring £ 52 , 875 , and declined 49 proposals for £ 16 , 460 ; the amount assured prior to the 31 st of
January last , and still in force , is on 2 , 207 policies , £ 560 , 065 , the annual premiums , on which are £ 17 , 863 . 12 s . 6 d . ; 69 proposals have since passed the board , assuring £ 19 , 025 , the annual premiums in respect of which are £ 564 . 8 s . lid ., making the number of policies in force 2 , 769 , the amount assured £ 697 , 625 , and the annual income of the society from premiums £ 22 , 426 . 13 s . 5 d . Claims in respect of deaths , with bonus additions , amounting to £ 4 , 317 . 10 s ., have been duly discharged . The business submitted to the board considerably exceeded that of the previous year , and the amount actually completed was nearly the same .
On the 24 th , the British Empire Mutual Assurance Society held their tenth annual meeting , and received the following report of their business : —There were received during the past year 1 , 199 proposals to assure £ 257 , 519 , and there were issued 1 , 113 policies , assuring £ 240 , 436 ; 45 proposals were declined for £ 10 , 775 ; 41 proposals were under consideration for £ 6 , 308 ; eight immediate annuities were granted for £ 255 . 13 s . 4 d . The annual income is now £ 51 , 389 . 14 s . 7 d . ! Fifty
members have died during the year , and the claims arising therefrom , including bonuses , amount to £ 9 , 018 . 13 s . lid . The total number of members deceased since the commencement of the company is 238 , and the amount paid to their widows or other representatives has been £ 45 , 845 . 9 s . 9 d . The accumulated fund , after deducting the cash bonus paid on the last division of profits , amounts to £ 110 , 000 .
The annual meeting of the Professional Life Assurance Company was held on the 26 th , when a report was read , which said , notwithstanding that the effect of the late war and the continuance of the income and other war taxes have been most adverse to the business of life assurance , yet the company has issued during the past year 530 new policies , the amount therehy assured being £ 150 , 910 , producing an annual income of £ 4 , 887 . 19 s . 9 d . This result , the directors are happy
to state , has been obtained with a less amount of aid from the loan department than was rendered in the preceding year . The claims by life losses under policies of the company during the past year have been 31 in number , and the sums so assured amount to £ 10 , 649 . The report was adopted and a dividend of 5 per cent . declared on the paid up capital . A gloom was thrown over the meeting by the death of Mr . Massey , the manager , which occurred somewhat suddenly only
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News For Maech
£ 3 , 495 . 2 s . Qd . for Compensation , amounts to £ 7 , 604 . 13 s . 9 d ., leaving a balance of £ 2 , 227 . 12 s . 5 d . ; which , with the amount due from the clearing house and agents , makes the sum of £ 2 , 891 . lis . 3 d ., from which the directors propose the payment of interest at 4 per cent ., free of income tax . The amount paid as compensation during the half-year ending 31 st of December— £ 3 , 494 . 2 s . 9 d . —includes the sum of £ 2 , 000 paid to the representatives of the late Messrs . Shilling , of West Mailing , Kent .
On the 10 th , the Conservative Land Society : held its eighteenth quarterly meeting . ; The following is the substance of the report : —The sale of the Kentish Town estate was comnienced on the 22 nd of January with such a satisfactory allotment as to afford the confident expectation of the disposal of the remaining plots before the end of the financial year . Some of the best sites might still be selected on this valuable property , although nearly £ 10 , 000 in amount were
realized on the first day . The returns of the business showed that up to March 7 th , the number of shares in progress was 10 , 973 ; shares completed , 2 , 118 total , 13 ^ 091 ; and that £ 284 , 970 had been received . The total quantity of land sold up to the 7 th of March was £ 203 046 . The register of order of rights showed that 2 , 344 shares had been completed , 2 , 582 drawn , and that 1 , 331 had become entitled by seniority , making a total of 6 , 257 . The number of rights exercised was 3 , 621 , leaving 2 ^ 636 unexercised rights .
On the 19 th > was held the meeting of the Merchants' and Tradesmen-s Assurance Society , when a report , which stated as follows , was submitted to the members ;—"Seven hundred and twenty proposals were submitted to the board during the year , for sums amounting to £ 187 , 870 , of which there were completed from 1 st of February , 1856 , to 31 st of January last 493 proposals , assuring £ 118 , 535 , the annual premiums on which amount to £ 3 , 998 . 12 s . ; there were uncompleted at 31 st of January last , from various causes , 178 proposals , assuring £ 52 , 875 , and declined 49 proposals for £ 16 , 460 ; the amount assured prior to the 31 st of
January last , and still in force , is on 2 , 207 policies , £ 560 , 065 , the annual premiums , on which are £ 17 , 863 . 12 s . 6 d . ; 69 proposals have since passed the board , assuring £ 19 , 025 , the annual premiums in respect of which are £ 564 . 8 s . lid ., making the number of policies in force 2 , 769 , the amount assured £ 697 , 625 , and the annual income of the society from premiums £ 22 , 426 . 13 s . 5 d . Claims in respect of deaths , with bonus additions , amounting to £ 4 , 317 . 10 s ., have been duly discharged . The business submitted to the board considerably exceeded that of the previous year , and the amount actually completed was nearly the same .
On the 24 th , the British Empire Mutual Assurance Society held their tenth annual meeting , and received the following report of their business : —There were received during the past year 1 , 199 proposals to assure £ 257 , 519 , and there were issued 1 , 113 policies , assuring £ 240 , 436 ; 45 proposals were declined for £ 10 , 775 ; 41 proposals were under consideration for £ 6 , 308 ; eight immediate annuities were granted for £ 255 . 13 s . 4 d . The annual income is now £ 51 , 389 . 14 s . 7 d . ! Fifty
members have died during the year , and the claims arising therefrom , including bonuses , amount to £ 9 , 018 . 13 s . lid . The total number of members deceased since the commencement of the company is 238 , and the amount paid to their widows or other representatives has been £ 45 , 845 . 9 s . 9 d . The accumulated fund , after deducting the cash bonus paid on the last division of profits , amounts to £ 110 , 000 .
The annual meeting of the Professional Life Assurance Company was held on the 26 th , when a report was read , which said , notwithstanding that the effect of the late war and the continuance of the income and other war taxes have been most adverse to the business of life assurance , yet the company has issued during the past year 530 new policies , the amount therehy assured being £ 150 , 910 , producing an annual income of £ 4 , 887 . 19 s . 9 d . This result , the directors are happy
to state , has been obtained with a less amount of aid from the loan department than was rendered in the preceding year . The claims by life losses under policies of the company during the past year have been 31 in number , and the sums so assured amount to £ 10 , 649 . The report was adopted and a dividend of 5 per cent . declared on the paid up capital . A gloom was thrown over the meeting by the death of Mr . Massey , the manager , which occurred somewhat suddenly only