The Press.
London, England, 1856-02-16 00:00:00

166

DROGRESS of the UNITY GENERAL
ASSURANCE ASSOCIATION.

CHIEF OFFICER,

UNITY BUILDINGS, 8 and 10, CANNON STREET, CITY.

\YEBT•END OFFICES,

1, NEW COVENTRY STREET, LEICESTER SQUARE.
It is with feelings of peculiar satisfaction the DIRECTORS
of the UNITY GENERAL ASSURANCE ASSOCIATION
submit the following statements respecting its progress and
business during the year 1855, commencing Ist January and
ending 31st December last. It will be observed the amount of
new business transacted during that period produces 'annual
premiums exceeding 112,990. This lea very large result indeed,
judged by the average amount of new business effected by other
life slices, which varies from 13,000 to 15,000 per annum.
There is but one sure test by which the progress and sound-
ness of a life assurance institution can be judged practically—
viz., the amount of new business it secures. No other test is
valuable or even useful for such purpose: unless a life office
continues year after year to obtain a large new business, it must
rapidly decline and eventually cease to exist.
STATEMENT of New Life Business of the UNTTY GENERAL
ASSURANCE ASSOCIATION, from Ist January, 1855, to
.31st. December, 1855:

BusinessProposcl• Bus ness Completed.
No. of Amount No. of Amount Annual
MONTHS. Pro- Proposed
Poll- Assured Premiums
pusals Astsourbeed. cies. thereby. thereon.
£ A A s. d.
January, 1853 100 39,946 65 19,350 841 6 3
February, „ 130 36,130 101 27.216 835 10 4
March, „ 167 38,630 141 33,000 913 17 8
April, a 147 46,025 118 31,850 958 0 8
May, I/ 187 72,260 118 39.810 1,193 0 8
June, 19 115 43,950 105 27,130 809 8 8
July, „ 107 41,050 109 37,250 1,12818 8
August, „ 123 72,390 103 45,250 1,993 810
September, „ 132 49,187 95 31,285 1,003 10 1
October, „ 94 32,6:•0 109 37.122 1,15618 1
November, „ 123 42,200 98 23,100 1,068 13 C
December, „ 89 23,275 89 22,858 688 2 9
Totals.... 1,520 £537,733 1,251 £38.3,141 £12,393 11 5

This Table shows:-
1. That in the year 1855, 1,251 new Policies have been com-
pleted and paid upon.
2. That the amount assured thereby is 15183,141.
3. That tho new Annual Premiums thereon amount to
112,393 lls. sd.
It is very gratifying also to know tharthe great bulk of this
business is entirely free from loan operations, as the following
analysis will show :

Policies. Assuring. Producing in
Premiums.
In connection with Loans 89 i 50,866 82,114 9 9
Unconnected with Loans 1,14 332,273 10.279 1 8

Totals .... 1.251 £383,111 £12,393 11 5
Such are the results obtained by the UNITY GENERAL during
the year 1855. They are published as facts illustrating the power
and influence of its connections, and likewise the popularity of
the principles propounded by it.
MONETARY RESOURCES OF THE UNITY GENERAL.
The to lowing facts exhibit at a glance the perfect security
offered by this Association to Assurers:-
1. The number of Shareholders is .. 2.097
2. The subscribed capital is .. /909.9418
3. The paid up capital is .. .. . , .. £77.334
4. The number of Policies issued is 3.413
6. The amount assured thereby is £1,162,967
C. The gross annual income from Premiums, in-
cluding that of the TRAFALGAR LIFE Ag-
in/RANCE ASSOCIATION, now merged into
the UNITY GENERAL, is £37,497
To have achieved such a solid position in so short a period,
and thus be enabled to command such extensive funds, is a
success without precedent. It is attributable to many favourable
circumstances. The close connection of the UNITY GENERAL
with its powerful and kindred Institution, the UNITY FIRE, has
tended in many ways to advance its csreer. In like manner the
UNITY GENERAL has benefited the Timm Fate, whilst thethird
Unity Association—viz., the UNITY BANK—will be of consider.
able service to the others. All three Institutions—viz., the
UNITY FIRE, the UNITY GENERAL, and the UNITY BONN—al.
though perfectly separate as regards capital, liabilities, manage-
ment, etc., will be conducted in the same buildings, and thus.
while they feed each other with business, so will they promote
economy, power, and an extension of their connections.

THE UNITY BANK.
All the necessaryi.capital for the Ilion, BANK, amounting to
£500,000, has been subscribed for. whereof £150,000 is paid up
and invested. Nor has the capital stock been hurriedly allotted
to persons for speculative purposes. The Directors have exer-
cised the greatest care in this moat important particular, and it
is very satisfactory to know the Shares are all held by bona
Ilde Shareholders in very small numbers. This fact is illustrated
by the circumstance that up to the present period there are
nearly 600 highly respectable Shareholders, whose names and
addresses will shortly be published, together with an explana-
tion of the terms and principles on which the business of the
UmrrT 13 NK will be conducted. The names of the various
Gentlemen appointed as officials t. 9 the Bank will also be
published.
COMMENCEMENT OF BANKING BUSINESS.
The Directors of the Bank are not enabled to name the exact
date on which the business will be commenced, in consequence
of the uncertainty always attending the proceedings of the au-
thorities at the Board of Trade. The event, however, is close
at hand, and will be duly announced as soon as it is decided. It
is gratifying to know that no difficulty whatever exists (with the
exception of the usual formalities) to the UNITY Basic com-
mencing operations in a very few days.
UNITY-GENERAL BONUS IN 1857.
The first bonus of the U tory GENERAL will be declared in the
year 1857, therefore all intending assurers desirous of partici-
pating are urged to make their proposals with as little delay as
possible. The prospects of a large division are very good,
arising not only from the great extent of business already
effected, but also from the results that may be reasonably ex-
pected from the future.
Applications for forms of Proposals, Prospectuses, Agencies,
and all other information, are re 'nested to be made, either per-
sonally or be letter, to any of the Local Managers or Agents
throughout the country, or to
THOMAS H. BAYLIS, Managing Director.
Usitybuildinge, 8 and 10, Cannon-street, City.
Jan. 30, 1836.

212°X1ILNERS' HOLDFAST
in and FIRE-RESISTING SAFES (non-conducting
and vapourising), with all the improvements, under their Quad.
ruple Patents of 18104144 and 1833, Including their Gunpowder-
Proof Solid Lock and Door (without which no Safe is secure)
The Sttongest, Rest. and Cheapest Safeguards extant.
MILNERS' PHENIX (2124) SAFE WORKS. LIVER.
POOL, the most complete and extensive in the world. Show-
rooms. 6 and 8, Lord-street, Liverpool. London Depot, 47x
lioorgate-street, City. Circulars free oy post.
Agents HOBBS, ASHLEY, and CO.,
97, CHEA.PSIDE.

Price Is. led. and Ss. Id. per box.
L"RAMPTON'S PILL OF HEALTH.—The
1 manifold advantages to the Heads of Families from the
possession of a Medicine of known efficacy, that may be resorted
to with confidence, and used with success in cases of temporary
sickness, occurring in families more or less every day, are so
obvious to all, that no question can be raised of its importunce
•o every housekeeper in the kingdom. These Pills are a mild ape
rient. and if taken after an indulgence at table they ate speedy
rwatnratlvae

Fur FEMALES, they are truly excellent, ren oving
311 obstructions, the distressing Headache so very preva•
lent with the Sex; Depression of Spirits, Dulness of sight,
Nervous Affentions, Blotches, Pimples, and Sallowness of the
Skin, and produce a healthy complexion. Sold by Prout and
Hamra, 229, Strand, London : and by all Medicine Vendors.