The Sun.
London, England, 1845-07-14 00:00:00

Nos. 8 and 9, Waterloo-place, Pall-mall, London.

The FIFTH GENERAL MEETING of PROPRIETORS was held
on the Bth July, 1845, at,: the Offices of the Company, Nos. 8 and
9, Waterloo-place, London.

JAMES STUART, Esq., Chairman of the Board of Directors,

in the Chair.

The Chairman laid before them the annual report of the receipts
and disbursements of the Company, and of the amount of their funds,
and also the annual report of the accuracy of the accounts of the
Company, attested by their auditors, all in terms of the deed of set-
tlement.

The meeting having then proceeded to the annual election of four
Directors, and one Auditor, in the room of those re-
tiring at the annual meeting in terms of the deed of
settlement, the Chairman said that it only remained for
him to express the pleasure which the Board of Direc-
tors had in again meeting the Proprietors of the Company on the re-
volution of another year, and in affording to them explanations
which could not, he submitted, fail to satisfy the Proprietors of the
continued and increasing prosperity of their concerns. A detailed
.statement of their accounts, framed by their secretary and ac-
countant, was now lying on the table, and from that statement the
explanations he was about to give were of course derived. They re-
late to the amount of assurances, to the amount of premiums, to the
amount of funds and annual income, and to the losses of the Com-
pany, and the number of deaths with reference to the number pro-
vided for in the tables on which they proceeded.
1. The amount of assurances effected in the year from 30th June,
1844, to 30th June, 1845, is 31'2,1941., a sum greater by 41,7601.
than in the year 1843, aad greater by 107,3481. than in the year
1842 ; the increase of assurances is in a considerable degree to
be ascribed to the activity, zeal, and attention of the Company's
agents, at Glasgow, Newcastle-upon-Tyne, and Dublin, where
the transactions of the Company are steadily making progress.
At Edinburgh the Directors have lately established a new
agency, which has commenced under favourable auspices, with
a very respectable Board, at the head of which is the Lord Pro-
vost of the city.
2. The Premiums of Assurance received in 1844 are greater
by 7,9381. than in 1843, being for 1641 •• • • • • ••• • • •• • • .£63,627
And for the year 1843

Increase in 1844 of. . £7,938

Taking the last half year from Ist January, 1845, to 30th June,
1845, in competition with the corresponding half year of the
preceding year from the Ist January, 1844, to 30th June, 1844,
it turns out that the increase of premiums for the half year in
1845, is 1,9571. ; there being 276 new policies in the first half year
cf 1845, the premiums of which are •
And there being 268 policies for the first half year of
1844, premiums

5,916

£1,957
3. The Report of the Directors shows an increase of funds of the
company during the year 1844, amounting to 29,1581.
4. The Annual Income of the Company, as nearly as it can be ascer-
tained to the 30th June, 1845, i 5...................... £82,100
At the last annual meeting it was stated to 30th Juue,
1844, at ...... .......

•, •••••• • • • • • 72,170

Increase during the year . ....... £9,930
5. While the whole losses on thirty-two policies during the year
1844, amount, after deduction of lapsed policies, to 14,5091., a sum
wily greater by 2,3471. than on thirty-one policies for 1843,
it is established by the report of Mr. King, the actuary of the
Company, new laid on the table, that the number of deaths of
those assured since the formation of the Company, to the 31st of
December, 1844, had only been 179, instead of 299, which is
about the number provided for in the tables of the Equitable
Society.

The results now communicated showed generally the very flourish-
ing state of the affairs of the Company, but Mr. Stuart added that he
was quite ready to give any further information that the Proprietors
might ask of him. Indeed the statement laid on the table was so
ample, that the perusal of it would enable the Proprietors to obtain
every particular respecting the management which they could
desire.

The meeting, he need hardly add, was aware of the great altera-
tions at present in progress, and to be completed in a few weeks, on
the premises in Waterloo-place, formerly in their occupation, as well
as on those adjoining, sold to them by the London and Westminster
Bank, for securing permanently to the Company, and to their officers,
ample and convenient accommodation, in certainly one of the very
best and most central situations in the metropolis. The purchase of
the whole property ha I cost 9,500/., but it was impossible, until the
alterations and repairs were completed, to state with precision the
amount of the expenditure on this account.
The meeting had one very serious cause for regret on this occasion,
in the absence from indisposition of the founder of the Company, Mr.
Boyd, to whom they owed everything. He had been out of town
with his family since the repairs of the house had commenced, and it
was with great difficulty that the Directors could prevail upon him
not to return to town on purpose to attend this meeting. He was
sure that all the Proprietors who were present would join him in a
warm expression of their sincere wishes for his speedy restoration to
health.

Mr. J. G. Henriques felt quite assured,from the satisfactory results
of the affairs of the Company now communicated by the Chairman
to the meeting, that there existed but one opinion on the subject,
and that was one of entire approbation ; therefore he had great
pleasure in moving the adoption of the report and relative state-
ments. Mr. Alex. Henderson Macdougall seconded the motion,
which was unanimously agreed to. _ _ _

Mr. De Castro. the Deputy-Chairman, in congtatulating the Pro-
prietors on the great success which all must adult., from the state-
ments now laid before them, had attended the management of the
Company's affairs, took that opportunity of stating that they were
solely indebted for that success to the exertions and unremitting zeal
of their respected resident, Mr. Boyd. He therefore felt the most
sincere gratification in moving the thanks of the meeting to Mr.
Boyd. Mr. D. Q. Henriques had great pleasure in seconding the mo-
tion, which was carried by acclamation.
Mr. Macdougall said he was convinced that the vote of thanks,
which he had now the pleasure of proposing, would receive the warm
and sincere approbation of the meeting. Their Chairman, they were
well aware, had given much of his time and attention to their in-
terests, and through his influence the accession to the business had
been considerable. He therefore moved the thanks of the meeting
to Mr. Stuart as well as to Mr. De Castro, the Deputy-Chairman,
and to the Directors of the Company, for their very great exertions in
promoting the success of the establishment, which motion was
seconded by Mr. Sprott Boyd, Mr. Henriques, and Mr. Jefferson, and
was unanimously agreed to.