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Article SUMMARY OF NEWS FOR JULY. ← Page 5 of 7 →
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Summary Of News For July.
On the 14 th , the City Bank declared a dividend at the rate of £ 5 per cent , per annum , with a bonus of 10 s . per share . On the same day , the St . Katberine / s Dock Company declared a dividend of 2 ^ per cent , out of the profits of the last half-year .
On the 15 th , the London and Westminster Bank declared a dividend and bonus at the rate of 18 per cent , per annum . On the same day , the Union Bank declared for the half year a dividend at the rate of 5 per cent ., with a bonus of 7- £ - per cent . fpr the half-year , which , with the dividend and bonus paid in January last , make the dividend for the year ' 20 per cent . On- the ISfeb , the London Joint-Stock Bank declared a dividend at the rate of 12 J per cent , per annum , with a bonus of 10 s . per share . On the 17 th , the Australian Agricultural Company divided 10 s . per share .
On the 20 th , the Union Bank of Australia met , and divided at the rate of 9 ^ per cent , per annum . On the 21 st > the Commercial Bank declared a dividend of 4 \ per cent , for the past year .
PROVIDENT . On the . 10 th ult the annual general meeting of the proprietors of the United Kingdom JMe Assurance Company was held , at the office of the company , No .. 8 , Waterloo-place ,, Pall-Mall , when a Report was read of the state of its affairs as at 51 st Dec , 1856 , showing alarge increase of the last year ' s business , viz .: —490 policies issued , insuring £ 326 , 525 , producing new premiums amounting to £ 11 , 819 . $ s . 4 & , The assets , of the company , during the same period , were likewise greatly augmented , they now standing at £ 593 , 930 . 8 s . 9 c ? ., all of which is invested in GrOvernment and other approved securities . The annual income is upwards of
£ 136 , 000 . On the 22 nd , the Alfred Assurance Company met , and received the following statement «—The premiums upon new assurances ^ completed since the last Report , amounted to £ 2 , 195 . 18 s . 6 < i , being greater than those of the previous year by upwards of £ 300 . The claims on decease of 171 ives amounted tot £ 15 , 322 . ls > . Id ., exclusive of the ; sum of £ 1 , 886 . 4 s . Id . added to the sums assured by way of bonus .
The amount carried to the surplus fund was £ 2 , 940 , which ,, after deducting all outstanding claims and the bonuses to the shareholders ^ and to the assured , allotted at the quinquennial valuation made last year , exhibited a balance of £ 62 , 774 . 19 s * 3 d * The amount charged upon the annuity fund was gradually diminishing , and of 56 annuities granted 23 only were now payable . The original annual charge of £ 4 ) 081 . 12 s . 9 d . was thus reduced to £ 1 , 495 . lis .
BBNEVOtENT . ¦ On the 26 th of June ) the annual festival of the British Beneficent Institution was celebrated by a dinner at the London Tavern , the ladies and gentlemen sitting down together as at a private party . The chair was occupied by Mr . Sheriff Mechi . The chairman , In proposing the toast of the evening , stated that the society was established in 1848 , to provide permanent incomes of £ 30 per
annum for ladies who have moved in a superior station of society , being widows or unmarried orphan daughters of clergymen , military and navalonicers , members of the learned professions , professors of the fine arts , bankers , merchant ^ & c . The amount paid away in pensions last year was £ 1 , 055 , whilst the annual subscriptions only amounted to £ 580 . The list of subscriptions amounted to close upon £ 700 .
On the 27 th , the friends and supporters of the Royal Caledonian Asylum dined together at the Freemasons' Tavern ; but the muster was very far from being what was expected , or the merits of the charity demand . The chair was occupied by General Sir Colin Campbell , G . C . B . It appears that 62 boys and 50 girlstotal , 112 children—now receive a plain , useful education in this asylum , The receipts from all sources during the past year amounted to £ 2 , 678 . 14 & 11 ., and the expenditure to £ 3 , 243 . 9 s . 2 d . Notwithstanding the heavy calk upon them , partly occasioned . * by the late Crimean war , the treasurers were enabled , owing to a balance in hand at the commencement of the year , to meet the current
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News For July.
On the 14 th , the City Bank declared a dividend at the rate of £ 5 per cent , per annum , with a bonus of 10 s . per share . On the same day , the St . Katberine / s Dock Company declared a dividend of 2 ^ per cent , out of the profits of the last half-year .
On the 15 th , the London and Westminster Bank declared a dividend and bonus at the rate of 18 per cent , per annum . On the same day , the Union Bank declared for the half year a dividend at the rate of 5 per cent ., with a bonus of 7- £ - per cent . fpr the half-year , which , with the dividend and bonus paid in January last , make the dividend for the year ' 20 per cent . On- the ISfeb , the London Joint-Stock Bank declared a dividend at the rate of 12 J per cent , per annum , with a bonus of 10 s . per share . On the 17 th , the Australian Agricultural Company divided 10 s . per share .
On the 20 th , the Union Bank of Australia met , and divided at the rate of 9 ^ per cent , per annum . On the 21 st > the Commercial Bank declared a dividend of 4 \ per cent , for the past year .
PROVIDENT . On the . 10 th ult the annual general meeting of the proprietors of the United Kingdom JMe Assurance Company was held , at the office of the company , No .. 8 , Waterloo-place ,, Pall-Mall , when a Report was read of the state of its affairs as at 51 st Dec , 1856 , showing alarge increase of the last year ' s business , viz .: —490 policies issued , insuring £ 326 , 525 , producing new premiums amounting to £ 11 , 819 . $ s . 4 & , The assets , of the company , during the same period , were likewise greatly augmented , they now standing at £ 593 , 930 . 8 s . 9 c ? ., all of which is invested in GrOvernment and other approved securities . The annual income is upwards of
£ 136 , 000 . On the 22 nd , the Alfred Assurance Company met , and received the following statement «—The premiums upon new assurances ^ completed since the last Report , amounted to £ 2 , 195 . 18 s . 6 < i , being greater than those of the previous year by upwards of £ 300 . The claims on decease of 171 ives amounted tot £ 15 , 322 . ls > . Id ., exclusive of the ; sum of £ 1 , 886 . 4 s . Id . added to the sums assured by way of bonus .
The amount carried to the surplus fund was £ 2 , 940 , which ,, after deducting all outstanding claims and the bonuses to the shareholders ^ and to the assured , allotted at the quinquennial valuation made last year , exhibited a balance of £ 62 , 774 . 19 s * 3 d * The amount charged upon the annuity fund was gradually diminishing , and of 56 annuities granted 23 only were now payable . The original annual charge of £ 4 ) 081 . 12 s . 9 d . was thus reduced to £ 1 , 495 . lis .
BBNEVOtENT . ¦ On the 26 th of June ) the annual festival of the British Beneficent Institution was celebrated by a dinner at the London Tavern , the ladies and gentlemen sitting down together as at a private party . The chair was occupied by Mr . Sheriff Mechi . The chairman , In proposing the toast of the evening , stated that the society was established in 1848 , to provide permanent incomes of £ 30 per
annum for ladies who have moved in a superior station of society , being widows or unmarried orphan daughters of clergymen , military and navalonicers , members of the learned professions , professors of the fine arts , bankers , merchant ^ & c . The amount paid away in pensions last year was £ 1 , 055 , whilst the annual subscriptions only amounted to £ 580 . The list of subscriptions amounted to close upon £ 700 .
On the 27 th , the friends and supporters of the Royal Caledonian Asylum dined together at the Freemasons' Tavern ; but the muster was very far from being what was expected , or the merits of the charity demand . The chair was occupied by General Sir Colin Campbell , G . C . B . It appears that 62 boys and 50 girlstotal , 112 children—now receive a plain , useful education in this asylum , The receipts from all sources during the past year amounted to £ 2 , 678 . 14 & 11 ., and the expenditure to £ 3 , 243 . 9 s . 2 d . Notwithstanding the heavy calk upon them , partly occasioned . * by the late Crimean war , the treasurers were enabled , owing to a balance in hand at the commencement of the year , to meet the current