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during the year , amounting to £ 3 , 57 £ . 8 s . lid . One of them which greatly swelled the gross amount paid , was that of the Lord Viscount Chew ton , the muchdamented chairman of the Kent Mutual Fire Society , who died of wounds received at the battle of the Alma . His life was assured here for £ 2 , 500 ; and £ 1 , 000 thereof having been reassured , the loss to the Society by his untimely death was £ 1 , 500 , " The report was adopted .
On the 6 th May the tenth annual meeting of the Sovereign Life Assurance Company was held , and a report presented , which said— " During the last fifteen months , ending on the 31 st of December , the board have issued 353 policies , assuring £ 130 , 308 , and producing new premiums to the extent of £ 4 , 870 . 9 s . lOd . The total addition to the income of the office amounts to £ 23 , 807 . 12 s . 9 c 7 ,, while £ 900 has been received for the purchase of immediate annuities . The directors cannot but consider this result as satisfactory , the account having reference to a
period the financial depression of which is evidenced by the fact , that they have been called on to pay , during its duration , an amount for the surrender of policies nearly equal to the entire sum demanded during the previous nine years . Although assurances to the extent of nearly half a million were in force on the 31 st of December last , the claims by death continue remarkably small , a
feature in the operations of the office to which the directors are particularly desirous at this moment to give publicity , as it has enabled them to accumulate a large sum for future contingencies , independent of the paid-up and invested capital of £ 45 , 900 . " The report was adopted , and , in order to meet competition and extend the business , the directors authorised to expend from £ 1 , 000 to £ 1 , 500 a year in advertising .
On the 14 th the annual meeting of the Metropolitan Life Assurance Society was held at the office . The summary of the experience of the Society to the 5 th of April last was as follows : —The number of policies issued had been 4 , 077 , of which 943 had ceased , leaving 3 , 134 existing policies , the annual premiums receivable on which amounted to £ 99 , 424 . 5 s . 2 d . The aggregate of the claims
on the Society , by death , was £ 358 , 536 . 15 s . 5 d ., of which the sum £ 50 , 869 had arisen during the past year . The total amount of abatement of premiums made to its members had been £ 288 , 777 . 3 s . 9 d . The accumulated capital to the 5 th April last , was £ 711 , 063 . 7 s . llcl . The report was adopted , and the retiring directors re-elected .
On the same day the Legal and Commercial Life Assurance held its annual meeting . The Secretary read the report , from which it appeared that the total number of policies issued to December 30 , 1855 , was 2 , 370 , and the amount insured was £ 938 , 933 . Up to that time the number of policies remaining in force amounted to 1 , 443 , which represented £ 594 , 448 assured . The total number of premiums received by the society , ab initio , was £ 98 , 426 . 10 s . 10 d ., and
the amount received on lapsed policies was 19 , 503 . lis . lid . The aggregate claims by death were £ 26 , 447 , and the disbursement for the surrender of policies was £ 637 . 14 s . 5 d . The amount of premiums received during the past year was £ 18 , 603 . 7 s . llcZ ., and the number of claims seven , representing £ 4 , 149 . The surplus carried to the general assurance fund for the past year was £ 9 , 535 . lis . 4 = d ., and the income of the society , to December 31 , was £ 21 , 800 . The report was adopted .
MISCELLANEOUS . An injunction has been granted to prevent the republication of the True Britannia , or any colourable imitation thereof , the Britannia having been amalgamated with the John Bull . The united journal is rapidly rising in public esteem . The Unity Mutual Joint-Stock Banking Association commenced business at Unity Buildings , Cannon-street , and 1 , New Coventry-street , on the 1 st ; and on the 2 nd , nearly 300 gentlemen celebrated the event by a grand dinner at the London Tavern , at which Mr . J . J . Mechi , the governor , presided .
Lord Wodehouse has been appointed Minister Plenipotentiary to the Court of St . Petersburg-. Her Majesty ' s Ministers were entertained by the Loid Mayor at the Mansion House on the 7 th .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Untitled Article
during the year , amounting to £ 3 , 57 £ . 8 s . lid . One of them which greatly swelled the gross amount paid , was that of the Lord Viscount Chew ton , the muchdamented chairman of the Kent Mutual Fire Society , who died of wounds received at the battle of the Alma . His life was assured here for £ 2 , 500 ; and £ 1 , 000 thereof having been reassured , the loss to the Society by his untimely death was £ 1 , 500 , " The report was adopted .
On the 6 th May the tenth annual meeting of the Sovereign Life Assurance Company was held , and a report presented , which said— " During the last fifteen months , ending on the 31 st of December , the board have issued 353 policies , assuring £ 130 , 308 , and producing new premiums to the extent of £ 4 , 870 . 9 s . lOd . The total addition to the income of the office amounts to £ 23 , 807 . 12 s . 9 c 7 ,, while £ 900 has been received for the purchase of immediate annuities . The directors cannot but consider this result as satisfactory , the account having reference to a
period the financial depression of which is evidenced by the fact , that they have been called on to pay , during its duration , an amount for the surrender of policies nearly equal to the entire sum demanded during the previous nine years . Although assurances to the extent of nearly half a million were in force on the 31 st of December last , the claims by death continue remarkably small , a
feature in the operations of the office to which the directors are particularly desirous at this moment to give publicity , as it has enabled them to accumulate a large sum for future contingencies , independent of the paid-up and invested capital of £ 45 , 900 . " The report was adopted , and , in order to meet competition and extend the business , the directors authorised to expend from £ 1 , 000 to £ 1 , 500 a year in advertising .
On the 14 th the annual meeting of the Metropolitan Life Assurance Society was held at the office . The summary of the experience of the Society to the 5 th of April last was as follows : —The number of policies issued had been 4 , 077 , of which 943 had ceased , leaving 3 , 134 existing policies , the annual premiums receivable on which amounted to £ 99 , 424 . 5 s . 2 d . The aggregate of the claims
on the Society , by death , was £ 358 , 536 . 15 s . 5 d ., of which the sum £ 50 , 869 had arisen during the past year . The total amount of abatement of premiums made to its members had been £ 288 , 777 . 3 s . 9 d . The accumulated capital to the 5 th April last , was £ 711 , 063 . 7 s . llcl . The report was adopted , and the retiring directors re-elected .
On the same day the Legal and Commercial Life Assurance held its annual meeting . The Secretary read the report , from which it appeared that the total number of policies issued to December 30 , 1855 , was 2 , 370 , and the amount insured was £ 938 , 933 . Up to that time the number of policies remaining in force amounted to 1 , 443 , which represented £ 594 , 448 assured . The total number of premiums received by the society , ab initio , was £ 98 , 426 . 10 s . 10 d ., and
the amount received on lapsed policies was 19 , 503 . lis . lid . The aggregate claims by death were £ 26 , 447 , and the disbursement for the surrender of policies was £ 637 . 14 s . 5 d . The amount of premiums received during the past year was £ 18 , 603 . 7 s . llcZ ., and the number of claims seven , representing £ 4 , 149 . The surplus carried to the general assurance fund for the past year was £ 9 , 535 . lis . 4 = d ., and the income of the society , to December 31 , was £ 21 , 800 . The report was adopted .
MISCELLANEOUS . An injunction has been granted to prevent the republication of the True Britannia , or any colourable imitation thereof , the Britannia having been amalgamated with the John Bull . The united journal is rapidly rising in public esteem . The Unity Mutual Joint-Stock Banking Association commenced business at Unity Buildings , Cannon-street , and 1 , New Coventry-street , on the 1 st ; and on the 2 nd , nearly 300 gentlemen celebrated the event by a grand dinner at the London Tavern , at which Mr . J . J . Mechi , the governor , presided .
Lord Wodehouse has been appointed Minister Plenipotentiary to the Court of St . Petersburg-. Her Majesty ' s Ministers were entertained by the Loid Mayor at the Mansion House on the 7 th .