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Weekly Chronicle in London, Middlesex

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Newspaper

Weekly Chronicle

Location

London, Middlesex, United Kingdom

Date

May 21, 1864

Page

14

Resolution on dividends and officer thanks at British Prudential meeting

Directors consider altering deed to permit dividend rates based on company progress with annual meeting approval. The chair and shareholders honor auditors Atkinson and Allanson, welcome Allanson as director, and thank officers, medical advisers, solicitors, and agents for performance. Harben asserts strong solvency and forecasts income near £100,000 annually within two years.

Chifferen Allanson Atkinson Warne Chifferiel London Prudential Aero Mr. Harben Mr. Gladstone Court of Justice Hear General Department Harben Fraser Willis

Imaginative venture surpasses £25000 in transaction

In Birmingham the company reported £25 000 transacted with 3000 to 4000 policyholders. Chancellors of the Exchequer would not disturb their minds as the test of the company proved practical and trustworthy. A vote of thanks to the chairman concluded the proceedings.

Birmingham

Universal Life Assurance Society 1864 report and bonus plan

The Universal Life Assurance Society presents its thirtieth annual report noting a surplus of £209,816 3s 7d and a 50 per cent premium reduction for participating policies from May 1864 to May 1865. It lists new England and India policies, total net premiums of £1,946,962 15s 3d, and 56 claims on 46 lives totaling £48,400. The board projects continued surplus, allocates £41,012 14s 10d as divisible surplus, and declares a £2 1s per share dividend plus 10s per share interest, tax-free, payable June 30. It notes changes in governance and staff, with retirements and appointments including auditor transition and the appointment of Mr Frederick Hendricks as actuary and secretary.

The Universal Life Assurance Society General Court of Proprietors England India Rothery Court of Proprietors Robert Hichens Child Peter Hardy Impey Frederick Hendricks Messrs Francis Macnaghten George Henry Brown James Byng
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