Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News For April.
Mutual principles—one half of the profits to goto the depositoi'S , and one half to the shareholders , whose capital guarantees the safety of the bank . The Waterloo Life Assurance Company held meetings at Doncaster , Wakefield , ancl Barnsley , on the 11 th , 12 th , ancl 13 th of April , to explain the position and prospects of the Company . The whole of the meetings , the more especially that at , Barnsley , were well attended , and resolutions in support of the Company were passed unanimously—votes of thanks being given to the deputation , consisting of Mr . Williams , the
Manager , Mr . Ed . Baylis , Dr . Hall , of Sheffield , and Mr . Saunders , for their attendance . In the course of the proceedings it was explained that the subscribed capital of the Company was 400 , 000 / ., of ivhich only 20 , 000 ! . was as yet called up . The Company had only been established four years , but had already obtained a premium income of 14 , 0004 a year , and had 30 , 0004 invested in a reserve fund . The Company set aside a portion of its profits to prevent assurers ever coming to want , by the creation of an annuity fundand another portion as an educational fund for the benefit of their
, children— -and above all , a policy once issued , could never be disputed . The British Provident Life ancl Fire Assurance Company , held its third annual meeting on the 12 th . The report stated that the total amount of business performed in the life department by the Company for the three years , might be thus summed up . —Proposals received , 1678 ; policies issued , 1209 ; premiums received , 6671 / . 17 s . 3 d . ; annual income , 68314 lis . hd ., being an increase upon the last year of 342 in the number of proposals received 366 in the number of policies issued 2010 / . 11 * . 2 d . in the
, , amount of premiums received , and 10834 2 s . 4 ( 4 in the income . The fire department was also going on very successfully , and the subscribed capital of the company now , amounted to 69 , 710 / ., being an addition of 27 , 440 / , upon the last return . The report was adopted , ancl the dividend at the rate of 5 per cent per annum declared .
BENEVOLENT
The Royal General Theatrical Fund Anniversary Festival took place according to custom , on the Monday in Passion Week , April 3 , Mr . Buckstone presiding . He stated that after disbursing all the expenses of the year , including sums returned to the families of deceased members , the payment of funeral expenses , the payment of ten annuities , five of £ 30 , four of £ 60 , and one of £ 90 , there still remained to the credit of the society , a balance of nearly £ 9 , 000 . The subscriptions of the evening amounted to rather more than £ 300 .
The Artists General Benevolent Institution held its Anniversary Festival on the 31 st March , the Lord Mayor presiding . It appears that during the past year , upwards of sixty cases have been relieved with various sums amounting to £ 826 ; and , since the establishment of the Institution , 1 , 479 cases have been relieved with sums amounting to £ 16 , 936 . The subscriptions of the evening amounted to upwards of £ 600 . The Fund of the Clergy held its Anniversary Festival on the 18 th , when about
£ 2 , 000 were added to the funds of the charity , but considerable gloom was cast over the proceedings by the announcement of a cousidsrable defalcation having occurred , the late secretary having left the country . That most excellent Institution , the Royal Society of St , Ann's , for affording clothing , maintenance , and education to children of those once in prosperity , orphans or not , held its Anniversary Festival on the 24 th , Sir Robert Peel presiding , when upwards of £ 1 , 800 were added to the funds . The Hon . Chairman said he had only
been induced to take the chair by the respect he entertained for our worthy Br . Lake . On the following day the Anniversary Festival of St , Mark's Hospital took place , £ 1 , 350 being subscribed in its aid in the course of the evening . The Anniversary of the London Hospital was celebrated on the 26 th , under the presidency of the Duke of Cambridge . In the eourse of the evening H . R . H . stated the regular annual income of the hospital was about £ 11 , 000 ancl the expenditure about £ 4 , 000 , generally made up by subscriptions and donations , but during the past year there had been a deficiency from those sources of £ 2 , 000 . The subscriptions of the evening amounted to £ 1 , 350 .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News For April.
Mutual principles—one half of the profits to goto the depositoi'S , and one half to the shareholders , whose capital guarantees the safety of the bank . The Waterloo Life Assurance Company held meetings at Doncaster , Wakefield , ancl Barnsley , on the 11 th , 12 th , ancl 13 th of April , to explain the position and prospects of the Company . The whole of the meetings , the more especially that at , Barnsley , were well attended , and resolutions in support of the Company were passed unanimously—votes of thanks being given to the deputation , consisting of Mr . Williams , the
Manager , Mr . Ed . Baylis , Dr . Hall , of Sheffield , and Mr . Saunders , for their attendance . In the course of the proceedings it was explained that the subscribed capital of the Company was 400 , 000 / ., of ivhich only 20 , 000 ! . was as yet called up . The Company had only been established four years , but had already obtained a premium income of 14 , 0004 a year , and had 30 , 0004 invested in a reserve fund . The Company set aside a portion of its profits to prevent assurers ever coming to want , by the creation of an annuity fundand another portion as an educational fund for the benefit of their
, children— -and above all , a policy once issued , could never be disputed . The British Provident Life ancl Fire Assurance Company , held its third annual meeting on the 12 th . The report stated that the total amount of business performed in the life department by the Company for the three years , might be thus summed up . —Proposals received , 1678 ; policies issued , 1209 ; premiums received , 6671 / . 17 s . 3 d . ; annual income , 68314 lis . hd ., being an increase upon the last year of 342 in the number of proposals received 366 in the number of policies issued 2010 / . 11 * . 2 d . in the
, , amount of premiums received , and 10834 2 s . 4 ( 4 in the income . The fire department was also going on very successfully , and the subscribed capital of the company now , amounted to 69 , 710 / ., being an addition of 27 , 440 / , upon the last return . The report was adopted , ancl the dividend at the rate of 5 per cent per annum declared .
BENEVOLENT
The Royal General Theatrical Fund Anniversary Festival took place according to custom , on the Monday in Passion Week , April 3 , Mr . Buckstone presiding . He stated that after disbursing all the expenses of the year , including sums returned to the families of deceased members , the payment of funeral expenses , the payment of ten annuities , five of £ 30 , four of £ 60 , and one of £ 90 , there still remained to the credit of the society , a balance of nearly £ 9 , 000 . The subscriptions of the evening amounted to rather more than £ 300 .
The Artists General Benevolent Institution held its Anniversary Festival on the 31 st March , the Lord Mayor presiding . It appears that during the past year , upwards of sixty cases have been relieved with various sums amounting to £ 826 ; and , since the establishment of the Institution , 1 , 479 cases have been relieved with sums amounting to £ 16 , 936 . The subscriptions of the evening amounted to upwards of £ 600 . The Fund of the Clergy held its Anniversary Festival on the 18 th , when about
£ 2 , 000 were added to the funds of the charity , but considerable gloom was cast over the proceedings by the announcement of a cousidsrable defalcation having occurred , the late secretary having left the country . That most excellent Institution , the Royal Society of St , Ann's , for affording clothing , maintenance , and education to children of those once in prosperity , orphans or not , held its Anniversary Festival on the 24 th , Sir Robert Peel presiding , when upwards of £ 1 , 800 were added to the funds . The Hon . Chairman said he had only
been induced to take the chair by the respect he entertained for our worthy Br . Lake . On the following day the Anniversary Festival of St , Mark's Hospital took place , £ 1 , 350 being subscribed in its aid in the course of the evening . The Anniversary of the London Hospital was celebrated on the 26 th , under the presidency of the Duke of Cambridge . In the eourse of the evening H . R . H . stated the regular annual income of the hospital was about £ 11 , 000 ancl the expenditure about £ 4 , 000 , generally made up by subscriptions and donations , but during the past year there had been a deficiency from those sources of £ 2 , 000 . The subscriptions of the evening amounted to £ 1 , 350 .