Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News For November.
A bonus , varying from 20 to 70 per cent , on the premiums paid , was declared ; the bonuses varying according as the assurers have had to make claims for losses sustained . The applicability of the principle is now considered fully established . The Waterloo Life Assurance Company held its fourth annual meeting ou the 15 th , when a very favourable report was presented , from which the following is an extract : " Your directors would now draw attention to the proceedings of the past year , and in order that the amount of business at once become apparentthey annex the
may , following tabular statement , viz .: ¦ y Sum Annual Proposals made to the Company during ° Assured . Income . the year CIS £ 151 , 050 £ 5 , 136
Policies issued 405 104 , 750 3 , 458 Proposals accepted , but not vet completed ' . 114 20 , 800 891 Proposals declined 34 1-1 , 750 497 Proposals under consideration 65 10 , 750 290 Total 618 £ 151 , 050 £ 5 , 136
From this it appears that 405 policies have been issued since the last meeting , producing an annual income of 3 , 458 /; and that the average amount assured under each policy is 258 / . By the report last submitted it was shown that the amount of business done by the company up to that date was as follows , viz . : No . Annual Income . Number of policies issued 1091 producing £ 11400
, , To which add the business of the present year J 405 " 3 , 458 1 , 4 % £ 14 , 858 And the result is that , notwithstanding the agencies have been limited to this country , in less than four years there have been issued 1 , 490 policies , producing in ihe
aggregate 14 , 858 / . per annum . Six policies have lapsed by death in the course of the year , assuring 1 , 200 / ., which is very far below the number and amount calculated upon . The following table exhibits the total claims , as they have arisen in each year , up to the 30 th September last : y .. , Number of Number of Amount Live Assured . ' Deaths . Paid . First year . / 203 .. — ..
—Second year 603 .. 2 .. £ 600 Third year 1 , 091 .. — .. — Fourtli year 1 , 496 .. 6 .. 1 , 200 S " £ 1 , 800 " The report was adopted , and a dividend of 6 per cent , declared . It was stated
that the excellent manager of the institution is making arrangements for extending its business to many parts of Germany and the colonies . MISCELLANEOUS . A clerk at Messrs . Tivimngs , having left a bag containing 300 half sovercings , in a cab , the number of which he did not know , had it returned to him by the cabman , in the course of the afternoon . The cabman was presented with £ 20 . as a reward for his honesty . On the 5 th instant , a meeting was held under the auspices of the Lord Mayor , to
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News For November.
A bonus , varying from 20 to 70 per cent , on the premiums paid , was declared ; the bonuses varying according as the assurers have had to make claims for losses sustained . The applicability of the principle is now considered fully established . The Waterloo Life Assurance Company held its fourth annual meeting ou the 15 th , when a very favourable report was presented , from which the following is an extract : " Your directors would now draw attention to the proceedings of the past year , and in order that the amount of business at once become apparentthey annex the
may , following tabular statement , viz .: ¦ y Sum Annual Proposals made to the Company during ° Assured . Income . the year CIS £ 151 , 050 £ 5 , 136
Policies issued 405 104 , 750 3 , 458 Proposals accepted , but not vet completed ' . 114 20 , 800 891 Proposals declined 34 1-1 , 750 497 Proposals under consideration 65 10 , 750 290 Total 618 £ 151 , 050 £ 5 , 136
From this it appears that 405 policies have been issued since the last meeting , producing an annual income of 3 , 458 /; and that the average amount assured under each policy is 258 / . By the report last submitted it was shown that the amount of business done by the company up to that date was as follows , viz . : No . Annual Income . Number of policies issued 1091 producing £ 11400
, , To which add the business of the present year J 405 " 3 , 458 1 , 4 % £ 14 , 858 And the result is that , notwithstanding the agencies have been limited to this country , in less than four years there have been issued 1 , 490 policies , producing in ihe
aggregate 14 , 858 / . per annum . Six policies have lapsed by death in the course of the year , assuring 1 , 200 / ., which is very far below the number and amount calculated upon . The following table exhibits the total claims , as they have arisen in each year , up to the 30 th September last : y .. , Number of Number of Amount Live Assured . ' Deaths . Paid . First year . / 203 .. — ..
—Second year 603 .. 2 .. £ 600 Third year 1 , 091 .. — .. — Fourtli year 1 , 496 .. 6 .. 1 , 200 S " £ 1 , 800 " The report was adopted , and a dividend of 6 per cent , declared . It was stated
that the excellent manager of the institution is making arrangements for extending its business to many parts of Germany and the colonies . MISCELLANEOUS . A clerk at Messrs . Tivimngs , having left a bag containing 300 half sovercings , in a cab , the number of which he did not know , had it returned to him by the cabman , in the course of the afternoon . The cabman was presented with £ 20 . as a reward for his honesty . On the 5 th instant , a meeting was held under the auspices of the Lord Mayor , to