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Article GENERAL MEETINGS. ← Page 14 of 14 Article THE BRITISH BANK. Page 1 of 2 →
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General Meetings.
exhorting the members to mutual co-operation in the extension of those principles which have secured to the society so large an amount of public support . The question that the report be received by the members was then put by the chairman , and , having been duly seconded , was carried unanimously . The auditors' report was also received , expressing their high opinion of the satisfactory state of the accounts and of the excellent way in which the books were kept . Votes of thanks to the chairman , directors , auditors , and actuary were then proposed ,
and carried unanimously ; and the meeting broke up , having been characterized , from first to last , by the most perfect harmony between the directors and the members at large . At five o ' clock the directors again met the members at the Freemasons' Tavern , where an excellent dinner was provided b y Mr . Bacon . The conviviality of the evening was kept up till a late hour . ; and after the usual loyal toasts , followed by some good speaking from Mr . Dobson , Dr . Crucefix , and other gentlemen , the party , which amounted to upwards of fifty , separated , mutually
well pleased with the proceedings of the day . — Times , March 7 , 1849 . Extract from Report . — " The Directors have only to request the continued co-operation of the members in diffusing the knowledge of the society , that the following problem may receive a satisfactory solution for their next annual report . If an association of twenty persons , acting zealously upon the purest principles of Life Assurance , and promulgating widely its inestimable benefits , have obtained , in less than seven months , so large MI accession to their numbers , -what amount of business can be produced by the combined exertions of more than three hundred members ? "
MERCHANT ' S AND TRADESMAN ' MUTUAL LIFE ASSURANCE SOCIETY , March 14 . —The first annual meeting of this society was held at the offices , Chatham-place , Blackfriars , John Macgregor , Esq .. M . P ., in the chair . From the report , it appeared that the amount assured by the society up to January 31 , 1849 , is 61 , 030 / . ; number of policies issued , one hundred and eighty-three ; and the amount of premiums received is 1 , 878 / . 19 s . 5 d . Since « Tanuary 31 , fifty-six proposals have been passed ,
amounting to 16 , 000 / ., the premiums on which are 480 / . 2 * . id .: and there are before the board twenty-six proposals for 7 , 500 / ., the premiums on which are 205 / . 2 * . 3 d ., making total number of policies two hundred and sixty-five ; amount assured 84 , 530 / . ; annual income 2 , 564 / . 4 * . % d . The report also stated that the Directors had received no remuneration for past " services , that little has been expended in advertising , but that they have chiefly depended on their own exertions , and those of the agents and others connected with the society . From the position of the society , no further , call is thought necessary ; but a guarantee fund is available to any extent required .
The British Bank.
THE BRITISH BANK .
SOME correspondents have called our attention to the peculiar features attending a proposed novelty in commercial enterprise—a novelty , at least , to London , although the system has worked well in Scotland . It is observed that every department of banking business , if conducted on the Scotch system , would succeed in the metropolis ; and this opinion has been supported by a portion of the public press , more especially by the " Morning Herald " in the city article of the 24 th February , which
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
General Meetings.
exhorting the members to mutual co-operation in the extension of those principles which have secured to the society so large an amount of public support . The question that the report be received by the members was then put by the chairman , and , having been duly seconded , was carried unanimously . The auditors' report was also received , expressing their high opinion of the satisfactory state of the accounts and of the excellent way in which the books were kept . Votes of thanks to the chairman , directors , auditors , and actuary were then proposed ,
and carried unanimously ; and the meeting broke up , having been characterized , from first to last , by the most perfect harmony between the directors and the members at large . At five o ' clock the directors again met the members at the Freemasons' Tavern , where an excellent dinner was provided b y Mr . Bacon . The conviviality of the evening was kept up till a late hour . ; and after the usual loyal toasts , followed by some good speaking from Mr . Dobson , Dr . Crucefix , and other gentlemen , the party , which amounted to upwards of fifty , separated , mutually
well pleased with the proceedings of the day . — Times , March 7 , 1849 . Extract from Report . — " The Directors have only to request the continued co-operation of the members in diffusing the knowledge of the society , that the following problem may receive a satisfactory solution for their next annual report . If an association of twenty persons , acting zealously upon the purest principles of Life Assurance , and promulgating widely its inestimable benefits , have obtained , in less than seven months , so large MI accession to their numbers , -what amount of business can be produced by the combined exertions of more than three hundred members ? "
MERCHANT ' S AND TRADESMAN ' MUTUAL LIFE ASSURANCE SOCIETY , March 14 . —The first annual meeting of this society was held at the offices , Chatham-place , Blackfriars , John Macgregor , Esq .. M . P ., in the chair . From the report , it appeared that the amount assured by the society up to January 31 , 1849 , is 61 , 030 / . ; number of policies issued , one hundred and eighty-three ; and the amount of premiums received is 1 , 878 / . 19 s . 5 d . Since « Tanuary 31 , fifty-six proposals have been passed ,
amounting to 16 , 000 / ., the premiums on which are 480 / . 2 * . id .: and there are before the board twenty-six proposals for 7 , 500 / ., the premiums on which are 205 / . 2 * . 3 d ., making total number of policies two hundred and sixty-five ; amount assured 84 , 530 / . ; annual income 2 , 564 / . 4 * . % d . The report also stated that the Directors had received no remuneration for past " services , that little has been expended in advertising , but that they have chiefly depended on their own exertions , and those of the agents and others connected with the society . From the position of the society , no further , call is thought necessary ; but a guarantee fund is available to any extent required .
The British Bank.
THE BRITISH BANK .
SOME correspondents have called our attention to the peculiar features attending a proposed novelty in commercial enterprise—a novelty , at least , to London , although the system has worked well in Scotland . It is observed that every department of banking business , if conducted on the Scotch system , would succeed in the metropolis ; and this opinion has been supported by a portion of the public press , more especially by the " Morning Herald " in the city article of the 24 th February , which