INSURANCE. 



rates. Policies are allowed in all cafes where the annual pre- 

 iniiim amounts to 6s. Iiifuranccs for feven years arc cliarged 

 only fix years premiums ; and a confiderable rcduftion is 

 made on country infurance. The infuranccs on lives and on 

 furvivorfhip are made at tlie rates of other offices ; nor docs 

 the company require entrance money, or admiffion fees, from 

 perfons efFeftiiig hfe infiu-ances. The capital of the com- 

 pany is llated to be one million fterhng, the whole of which 

 has been inverted in government or real fccurities, and it is 

 ftipidatedthat no members of the company (liall be liable to 

 pay any fum beyond the amount of his fubfcfiption or fliare 

 in the faid capital of one million. 



The " Imperial Fire-office" waseftablifhedin 1803. Its 

 capital, of one miUion two hundred thouiand pounds iterling, 

 has been fubfcribed in fiiares of 500/. each ; and no member 

 is a fubfcriber for more than jooo/. Each member has de- 

 pofited 10/. per cent, on the amount of his fubfciiption, 

 amounting in the whole to 120,000/. which fum is invelled, 

 and to accumulate for five years, without dividends to the 

 members of the company. In cafe the current premiums on 

 infurances, with the depofit of 120,000/. and all its accu- 

 mulations, Ihall prove inadequate to fatisfy the loffes which 

 may arife, the members of the company are, from time to 

 time, to be called upon for farther fums, in proportion to 

 their fubfcriptions, and even to their full extent, if neceflary. 

 If the current premiums fhall be more than fufficient to 

 anfwer lofies, and the expences of management, the furplus 

 is, from time to time, to be invefted ; but fiich profits are in 

 no event to be divided, but are to be applied for augmen- 

 tation of the capital ttock ; and the dividends and interell of 

 the profits only are to be divided, after the expiration of 

 five years. Tlie premium in common infurances is 2/. per 

 cent, per annum for 30C0/. and under ; in hazardous in- 

 furances, y. p:r unt. per annum, for 1000/. or under; and 

 in double hazardous infurances, Jj-. per cent, per annum, for 

 icxio/. or under. Perfons chufiug to infure for feven years 

 will.be charged for fix years only ; and for any number of 

 years^ lefs than feven, will be allowed a reafonable difcount, 

 both on the premium and duty. 



The " Albion Fire and Life Infurance Company" was 

 inftituted in the year 1805 ' ^"^ is llated to podefs a capital 

 of one million fterUng. Its infurance againli lofs or damage 

 by fire is in the firll clafs of common infurances 2s. per cent, 

 per annum, to the amount of 3000/. ; in the fecond clafs of 

 Hazardous infurances, }s. per cent, annually ; and in the third 

 clafs of doubly hazardous infurances, ^s. per cent, per annum 

 both to the fame amount. Infurances are taken to a larger 

 amount than that above dated ; and policies are granted at 

 fuitable premiums for lefs than 12 months. On infurances 

 for feven years, or for any greater or lefs term, exceeding 

 one year, a confiderable allowance ism,-ide, both on the pre- 

 mium and duty. The following abatements are made on the 

 premiums of fire infurances of the firft clafs, out of Lon- 

 don ; -viz. 25 per cent, per annum on policies for fingle 

 years ; ^o per cint. on policies for three years ; 35 pa- cent. 

 on policies for five years ; .^o per cent, on policies for feven 

 years ; and in the like proportion for policies for other 

 periods. Infurances on hves ure condufted on the fame terms 

 with thofe of other offices of a fimilar kind. No admiffion 

 fine is charged on life infurance. 



The " Britilh Fire Office" infures houfes and goods in 

 the three clafles above fpecified at 2s., y., and ^s. per cent, 

 f'rannum refpeftive'y. 



The " Hope Fire and Life Infurance Company" was 

 inittuted in 1807. Its annual rates of infurance on the three 

 clafles above recited are, is. per cent., 3/. per cent., and j/. 

 per cent, on liirns not exceeding to,ooo/., 6000/., and 3000/., 



refpeftively. Farming flock is infurcd at 2s. per cent, on » 

 fum not exceeding 10,000/. Special riiks may be infured on 

 terms corrcfponding to them. The following abatements 

 are made upon country affurances, i<lz. 10 percent, on policies 

 for a fingle )x-ar ; ly for three years; 20 for five years ; 

 25 for feven years. Every perfon not being a.proprietor of 

 a (hare or fhares in the company, and who ffiall infure or pro- 

 cure to be infured, property to the amount of I coo/., (hail, 

 upon the payment of 5/. beyond the premium of infurance, 

 be entitled, out of the profits (arifing from fire infurance 

 only) to fuch intereft or dividend as may arife and become 

 payable on one 50/. fliare in the capital ftock of the com- 

 pany ; and fo on in hke manner for every additional loco/. 

 fo infurcd ; and fuch intereft or dividend fliall continue to be 

 paid to fuch perfon or perfons, or to his or their legal repre- 

 feutative or reprcfcntatives, during fuch period as fuch in- 

 furanccs fliall continue to be etTedL-d, and in the event of the 

 fame being difcontinued, all dividends and intereft, which 

 may be then due or payable, together with the fum of 5/. fo 

 paid for every 1000/. fo infured as aforefaid, fliall be for- 

 feited and become the property of the company. Life in- 

 furances are eff"eaed by this company on the fame terms 

 with thofe of other offices. Perfons not being proprietors, 

 who infure, or procure to be infured, joo/. upon tiieir own 

 lives, or lives of others, will, upon the payment of ten 

 ftuWmgs per cent, (on the admiffion of tlie party ) beyond the 

 premium paid for the infurance, be entitled, out of tiie pro- 

 fits of the Hfe fund, to fuch intereft or dividend as may be 

 paid on a 50/. fhare to the feveral proprietors thereof, and fo 

 on in like nian::er for every 50c/. fo iolured ; but in no cafe 

 whatever are they to be refponfible for any claims which the 

 life fund may be called upon to pay, the capital of the com- 

 pany being of a fufficient magnitude for that purpofe. 



The " Eagle Infurance Company'' w'as inftituted in 

 1807, for fire and life infurance, and for granting annuities. 

 Its capital is ftated at two millions fterlmg. The annual 

 rates of infurance againft fire are as follows : 



Annual Rates of Infurance. 



.f. d. 



Common Infurance, not exceeding io,coo/. 2 o per cer.i. 



Above 26 



Hazardous ditto, not exceeding 6coo/. . 3 o 



Ditto, above 4 o 



Doubly hazardous, not exceeding 3000.'. 5 o 



Ditto, above 3000/. and not exceeding 40C0/. 6 o 



Ditto, above 4000/. and not exceeding jooc/.- 7 6 



Farming Stock. 



Without average claufe, for three months i i perar.t,. 

 for fix months I 6 

 for any longer "J 

 period, not 1 

 exceeding 1 2 I 

 months 3 ■ 



The building and ftock of fugar refiners, fugar grinders, 

 fea bifcuit bakers, diftiliers, mulical inftrument makers, 

 cotton-fpinners, cahco printers, flax dreffers, and other extra- 

 ordinary riflvs, may be infured by fpccial agreement. 



Policies for fliort periods, or lefs tlian a year, may be 

 effedled at confiderably reduced premiums, and wi'l pay 

 only a proportionable part of the duty. The infurance on 

 hves is conducted as in other offices. 



The " County Fire Office" was eftabliflicd in 1 807, for 

 the cxprcfs benefit of country refijlents. The dillinguifliing' 



principle*- 



