. 
800 
THE GARDENERS’ CHRONICLE AND AGRICULTURAL GAZETTE. 
“TRAFALGAR LIFE ASSURANCE ASSOCIATION, 
OFFICES, 40, PALL MALL, LOND 
HE SECOND ANNUAL MEETING of this ASSURANCE COMPANY was HELD on TUESDAY, at Twelve o’Clock, at the 
T GEORGE sra oar Esq., the Caarrman or THE Boarn, Presided. 
CHAIRMAN, = introducing the busine ay, 
at all =~ highly interesting to watch 
which, like 
. certain difficulties, 
By when, some degree of ge Bog 
rown upon r era “that 8 He uld, 
without further preface, call upon the secretary to veal ‘the 
He was sure that they woul e much gratifi 
tatement — in the Ne nt. 
Mr. T. H. Baris (the Manager) then read the 
„The directors feel they have — — to „ the 
shareholders and assurers at this their second aunual general 
— nos * the solid success that continua’ to attend the 
progress of the Institution. In ord er to 
— 9 — 3 forcibly the foregoing statements, the 
directors beg to submit the following abstract of the * 
— during t — fest t two years :— 
POLICIES COMPLETED. 
Pro- 
Giorio of the First with the en Amount/ducing in 
Second Year’s Business. insured | Annual 
issued, iums 
* 
£ 4 . d. 
First Tear— From Nov. 24, 1850, 
to Nov. 24, 18811 . 825 95,783 3092 15 9 
Second Year—From Nov 24, 1851, 
MN, PE BOOS „ 567 | 196,863 6381 1 7 
Excess of second year’s opera. | 
tions over first 4 242 101,080 3288 5 10 
By this it is shown that new pre unting to 
63811. 1s, 7d. have = added 1 the miam ane months to | 
the former income of the ation, the total of which is 
now in this, the Bad yea: — or its 2 94731. 17s. id., 
arising from 892 
ing licies, assuring 292,6461.—a circumstance 
in itself so encouraging, that the directors abstain from 
ng comment uponit. In reference to their numerous 
agents, the directors are gente in being enabled to report 
ebted for the very great zeal and 
les 
ip 
pr n 
vigorous 2 unjust attacks levelled at the reputation of * 
mee companies generally, by those of older date. 
to their respectability and eta = — Rapes i 
ina sient measure, be attri and 
nr position of the — 
Rot leave this subject without expressing their conviction that, 
of experienced and — * agents alone, aided by 
public advocacy, can the — tions of a life assurance insti- 
tution be si tamed and — a extended and main- 
— hich D te b — tal 
udence, w ter and more substantially 
Hastet oip the * -Taane ofi business furnished thr — 
exertious, In faar y — — 1 the — i and 
pabili i r ities 
of becoming familiar Oi tee pr — bili ants necessity, 
meetings have been held and — Aygo delivered i in various parts 
of England, accompanied bes sult; and the 
directors feel themselves niaire Aa odiei the i express ee 
high approval of a lecture delivered by John Smith, Esq d- 0 
Liverpool, 
a numerous and attentive auditory, in the important teen a 
Sheffield.. The = rectors were enabled, at the last * 
e to — 3 — — = whole 
5,000, representing the entire 
22 of 250,000. (of which : 255 — remain 12 — but it 
at all times ava silable for the purpose of the Association, sho ald 
8 requ 
seven months, ost extensive and influential propriet ary; 
and the confidence 3 ed re the shareholders and ve 
generally will be best un 8 24 the fact, that the 8 
— er now to be obta 
"the five per 
cent, per annum, to be paid oa the paid-up capital, and re 
they — pasa be made payable, on and after the 15th o 
nsuing, In conformity with the Aa ae of 
_ the deed of 1 — 8 aged retire by rotation. The 
directo: — A pon Mr, 
Robert Garland, who, , being ‘gible, offer themselves for re- 
electio: e board accordingly. The 
Ese and Mr, Alfred C. 
are recommended by the 
— refer with peculiar 3 
} ben to te pce el of the Unity Fire Insurance Assoc 
any 
combines the interests, N po 
three 
— co-operation of the kindred life offices, 
namely, 1 = Trafalgar, 82 Waterloo; three 
offices gin the a reden a constituency com- 
posed of more than ten N 
tainty of whose exertion 
enterprise in whieh they may 3 
—— to every Be e. The 
surance Ass 
— mms — from this 
ndertak 
d persons, the power and cer- 
ma . sure in any 
p of rent, . ane 
— — outgoings are — divided be 2tween them. 
er, 4 establishment of the Uni 
td 
presen 
stimating the important and manifest 
ic 
and future, 
influence, s pay pe ss which it unquestionably 
possesses and commands in its numerous and substantial ee 
priota —in appreciating the effects and progress of the 
etermination = 
as shar 
fi 
t large. — — 3 of 
praa eire Chairman.” 
Wiruriam Baanavar, of =) 
rena . in — ott, tne — 
The CaareMay, in proposing the adoption of the Report, said 
it would — seen that enormous progress had been ot ‘since 
the last e and * the Report they had adhered to facts, 
T li 
m, and every one >of these policies, 
P would receive wa y scrutiny to 
before him, and 7 ave tod se to guar rdt 
, and not to . —— their dea a a slovenly 
t 
actuaries —_. 350, vo — the amount necessary to secure 
— insura and it would be perceived that they 
— — 5 at tha t amount which secured them from 
y possible contingency. (Hear.) The amount of their 
— assured = now 292,646). (Hear.) The balance sheet 
had stated what it had cost to 8 this Pingo amount 
of business, Which vo now 10,000}. a-year, and it had cer- 
tainly required enormous exertions on the part of LA agents 
ye their staff, and on the part of their executive, who had 
i 
unk 14 ters. ond it did — matter what might be said about 
— ance which was only well-timed liberality. ~ fully 
expected that next year their income would be 0000. 
(Hear, hear.) With regard — S attacks made upon * — 
he considered vores Mr. es n — pamphlet in reply, had 
taken moder There was a vast difference 
between, the cree cited institutions the Trafalgar, the 
a 
societies, with pect to the o pnas ples 
— * la ading — institutions his (the chair- 
man’s) impulse would have been to e in return, for he 
thought hard attacks deserved a hard voce Be, Now, they were 
— implicated in these charges, which were monstrous and 
erfeetiy absurd. and to st tate that an actuary of Mr. Pape s 
tables 
was a ch ssertion, and « only misle — ilire. 
In conclusion, he “appealed = the Saiid of the Association 
which he considered most unbecoming. 
— appealed to the amount of business already done, and 
drew a forcible picture of — benefit — assurance "e 
Captain J. W. Domtny, of Poole, as the representative of 
oe f 100 shareholders, holding 3000 shares, had much 
pleasure in ee the adoption of the re 
„ JOHN SM of Liverpool, felt hap havi h 
— — of 2 the motion for oping as report 
which he had read through with the greatest attention and 
care—a care which he had exercised in other cases—aod had 
arrived at Py 8 aa it ought to be unanimously 
adopted. In eloquent speech Mr. Smi 
ee, ah = high NA, of the Seated and — contempt 
used to d rospects of the new Asso- 
ai 2 belier ed that — would — the 
2 made upon the new 3 at their pro 
and he now told them that the wh 
the 
showed that they were the true“ Equitable : * ‘the liberality 
of their arrangements, combined with the care which th 
of their profits, showed that they were the true Pro- 
videat ;” and, by the union of the three life assurance offices 
(the Piofeedi¢nal, Trafalgar, and Waterloo) — 42 — the 
ht * . m 
ul 
(Cheers.) 
r, E. BAxLIs, after the able and pas speech of 
ue. Smith, *. 75 that he had very little to say; and, indeed, 
ot being the manager, but only the consulting actuary of the 
Com ks would ne have ventured to address them on that 
ad not been requested to do so. (Hear.) The 
whol of hie life had, gh the last 187 years, been devoted to 
an ad ot ‘the knowledge the principl es of — 
assura 
ppro p on the energy and e 
them root in the public mind. They had pny co, — all vhs 
— connected with the new offices w: any — em 
supporters and propagators of the Briva An rig Mr. Bay 
subsequently animadverted with — e upon the oa 
purpose to which might bea applied, 
— coneluded by saying that he ndvised 2 conten 
h five per cent., as at present declared, next year, feeling 
erda, that they were teens entitled ve — and a half aay 
cent, Asan actuary he could prove that their income ought 
to fairly spread over 30 years, and that, therefore, it would 
fairly pay en and 3 the dividends the ey are now 
receiving, (Oheers.) He s that as a shareholder, and 
though under priest erer he did not advise them to 
ress ‘he amount, he hoped they would not fail to do so next 
year. xg 
4 
elci of e, in the parish of St. Pancras, 
ave all honour ; but, while they a 
their virtues, they mould not follow ‘their vices, He ha ad n 
doubt that this S ety the share- 
olders, and confer be = s on the community at Targo. 
= e report was then put and unanimously adopted 
Mr, TEULON rose to — the re-election = the retiring 
3 oa Bermingham and Mr. 
. HINDE seconded peis 3 
The resolniion " having bee 
3 and 
d by — the 
3 of Sheffield, seconded the motion, 
Mr. TATHAM returned th 
The Rer. E. Jounson, = — ug a vote of thanks to the 
directors, remarked on the satisfactory nature of the supple- 
The Meeting was very fully attended, 
„ Charles-strest, in the parish of 
Dag. H, 
OFFICES, PA 
LI. iy 
hich 2 e aed, * ae — 
w ex ba e e amount of baste d * 
uch a ransacted i one was 
ane n the Pa of the 1 
Mr. Epwanps, of Bath, seconded the motio: 
25 F maman returned thanks, 25 
LET ha l 
to thete — al officer, or Lloyd. ie monigi dle Of tinai 
= WESTON seconded Heat 3 
Dr. re OYD retu raeas 
2 
aS 
The Rev. E. Jons wind 
was sure would m with 
presen 
wholly dus to the exertions of that gentle: 
rosa a of being — tantly in commanication t 
Baylis, and etic or m 
(Cheer erg ore talented man 
r. BRUCE anne do vlolence to his 
the l to pass without be D PiE m N 
testimony to the energy and le of M 
M W 
RMAN said he could not put the resolution y 
skill, un : 
exist, 
— ay been enabled to present to the shareholders 
o had given them their support, had 
—— and cordial approbation, and 
was . Ji 
devo.ved upon him as their manager, 
cleans similarly situated. He strove to the best of 1 
to discharge his duties effectively and ie ee 
in such a way as to merit their approbation. 
had been prognosticated that their 
be 20,0008. This was, ¢ 
but he “that Me bel 
ko find that M 
greater amount 
second, ear.) 
not, . auything like the new 
nor did 
would live as long a 
how they could benefit th 
wished fo 
ong the — 4 of the 
he wishes — 
for 
remain for eve fund for 
could educate but Tour or five childre A 
ould elect’ another four 
ll as i ti 
* 
; they wen “a 
holder—every one had recei ah 
not one had uttered a complai that 2 
ar, hear.) He wish we ig 
might have heard all the t0 
ic. e 
He hoped Mr. ennn E | 
— — tof. 
— (Loud chee 
The CHAIRMAN ne ont oer 
stlting Actuary, which w 
Mr. 4 
re 
rà 
© 
* 
A 
2 
E 
8 8 
: 
a 
8 5 
3 3 
t 
County of 
and F “ Evans, of No. 7, Church-row, Stoke Newington, both a oat 
Bad errno in the City of London; and pablished ‘or thomas ake — No. 5, or St, Panti, 
ADJAESKED TO THE Epirog.—Satvspar, Dacemesn 11, 1852. 
