Summary Of News For October.

meeting , purporting to have been held in London , in which a number of refugees , of various countries , are stated to have made speeches , insulting to Her Majesty , and inciting to the murder of the Emperor of the French , and indeed , of all royal personages . On the 27 th , Sir J . D . Paul , and Messrs . Strahan and Bates , the bankers , were convicted of having illegally disposed of the property of their customers , and sentenced to fourteen years' transportation . The Governor of the House of Detention has been suspended for treating these parties with undue partiality whilst under Ms care .

PROVIDENT

The Unity General Life Assurance Company held its first annual meeting at Willis's Rooms , King Street , St . James's , on the 10 th , when a report was presented , which shows that in addition to the previous income of £ 24 , 000 a year , handed over to it from the Trafalgar , which this Company supersedes , a further income of £ 10 , 303 had been obtained from the same source in the ten months ending on the 30 th September . The Life losses during the year amounted only to £ 1 , 450 . Mr . Thos . H . Baylis entered into a long explanation relative to the position of this Company , and

particularly called attention to the Unity Joint Stock Mutual Banking Company about being established in conjunction with the Unity General and Unity Fire Associations . The report was adopted , ancl a dividend at the rate of five per cent , per annum was declared . The offices have been removed to Cannon Street , City . The Merchants and Tradesmens' Mutual Life Assurance Society held a meeting on the 16 th , to receive a report on a recent valuation of their business . The report said that the contingencies , or the present value of the claims , valued by the Carlisle rate of mortalit

y , on the supposition that money made three per cent ., amounted to £ 234 , 918 Is ., and that the premiums were worth £ 256 , 746 Is . —leaving a balance of £ 21 , 828 in favour of the office , which , with the realised assets , made the balance applicable for present and future profits , and for future expenses on existing policies , . £ 40 , 978 6 * . 3 d . The report was adopted , ancl a resolution passed for paying off the guarantee fund , with a bonus thereon , thus making the society entirely mutual . A bonus was also declared of 25 per cent , on the premiums paid during the last triennial period , being equal to one-and-a-half per cent , on the sum assured .

The Saxon Life Assurance Company held its first annual meeting on the 25 th . It appears from the report , that although the Society has only been in active operation eight months , it has issued 254 policies , assuring £ 64 , 238 , and producing £ 2 , 010 18 s . 3 d . per annum in premiums . It has also organised about 250 agencies , many of which have not as yet come into operation , but are expected to lead to important results in the future . A dividend at the rate of five per cent , per annum on the paid-up capital was declared .

At the fourth annual meeting of the National Provincial Life Assurance Society a report was presented , which said : During the past year the directors have received 884 proposals for assuring the sum of £ 215 , 210 , out of which 652 have been accepted and completed , and policies issued assuring the sum of £ 143 , 377 , producing a new revenue of £ 4 , 931 0 s . Id . per annum . Since the establishment of the society , the total amount of assurances effected is £ 667 , 896 , and the annual income arising therefrom , £ 23 , 252 4 s . The mortality experienced by the society continues to be extremel

y small . The claims during the past year are only 38 , and , after deducting the amount re-assured , the net loss sustained by the society is £ 3 , 930 0 s . 9 a ., making the net losses since the establishment of the society , £ 7 , 181 3 s . 8 cl . After payment of all losses and current expenses for the past year , and reserving the sum of £ 1 , 802 lis . 7 d . received for the purchase of annuities , there remains a surplus upon the year'sincome alone of £ 6 , 995 5 s . lid . tobe carried to the reserve fund , making that amount now , £ 18 , 876 15 s . 8 c ? . The report was adopted , ancl a dividend at the rate of six per cent , per annum declared . Mr . Clench , the manager , has been elected into the direction .