The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1852-03-09 00:00:00

MBE TWEN I V-SIXTH ANNUAL (EN' RAL
MEETING of this (UMPANY was held on Mot\ uAv, the
Nth of February, 1352, within their Uffice, No. 3, George-
street, Edinburgh,
WILLIAM MONCRIErF, Fsq., in the Chair.
The Directors were enabled on this occasion to submit a very
satisfactory account of the progress of the Institution.
The Balance Sheet, certified in accordance with the Comps-
ny's Act of Parliament,—the Auditor's Report,—and varioUll
Statements explanatory of the position of the business, were
read to the Meeting.
The foltoning are Extracts from the Report made. by flit
Directors:—

RESUL'h.
Number of Proposals for Assurance made to the Directors.loSl

Number of Proposals for Assurance accented .
Other Life transactions proposed and accepted

rota! accepted

Amount of Sums proposed for Assurance
Amount of Sums for which New Policies have

e 574,618 0 0

467.499

Corresponding Annual Premiums
Annual Income
Amount of Claims by Death

15.240 2 11
180.176 13 8

51,952 3 II

RESU LTS-

341 TO 1851

1842 and 1843—Sums AssuE-
-1844 and 1845 Ditto
1-46 and 1847 1)i
1848 and 1849 to
1830 and 1851— itto

600.547 1 5
833,407 12 10
812.257 12 :9
8!5,236 9 15
976,646 18

£4,048,095 15 3

Annual Average for 10 years.. .*4404.809 11 G

The Report then prt.ceeded as follows :
" There is but one conclusion to be drawn front these re-
sults, namely, that the past year has been a most successful
one; but the Directors think tiny may now review a period of
at least 10 years with no less satisfaction, tor they find, on an
examination of results. that, aithottzli the later years of that
period show more decidedly the siruottth which the Corona n
has attained, the whole period has been, year by year, pro-
gressively and increasin:dv prosperous.

" Since 18.1 the Company have assures!, it will be perceived,
upwards of Four Millions of pout.ds sterling,—
" W 1,812,625 in the first five years. and
" 42,245,470 in the second pert
average above 4400,000 per annum.
" The earlier years of the Cuntpany had also their peculiar
features of success and promise, but the results of the past tett
years are the best index to the positron of the Company in 110
lic estimation.

)II a five years, or on an

" The statements now subinitled are so full, that the Direc-
tors do not think it necessary to recapitulate the results fur-
ther in this Report, but they think it welt to draw attenLivi
the satisfactory Investment of the Company's Funds ; 4he
item, "the Adran‘ es 1 • PO olde x," they would more par-
ticularly point, as they have now put the system of these
advances on such a footing as enables them to say,--no policy
holder shall forfeit his Policy, for want of funds to keep it is
force, so long as the Policy itself is of sufficient value to Ins-
thorise the necessary advance ; and that advance shall be
made, not at a rate of interest which indifferent securities
should yield, but at a rate which, while the C oopany secure a
fair return for their money, allows the policy ho'der to deal
with it on the same footing as a security on the best landed
estate in the country,—thus, et present 3i per cent. only is
charged on such loans, and what is not less important. the ex-
pense of the loan is merely the Government stamp of a leg
Shillings.

•a It has been the aim of the Directors of this Company to
take the lead in instituting liberal measures for the benefit of
Policy-Holders; and it will he recollected that at the General
Meeting of the Company in April last. they promulgated certaits
rules which were adopted as to rendering Policies atter a cer-
tain peilod ouch lie', a I able (1,11 !pound wit ie cc, partied
being admitted cn special application to a class of Select As-
surances, placing their Policies in ill's favour:de position.
that "i the pritniain he paid, the eta,,, will be 'vita." The
Directors, anxious still further to increase the facilities afford-
ed, allow their Policy-Holders to take up on their own security
and deposit of their Policies, such sum es the value of the
particular assurance will authorise at the time, as measured by
its surrender value. Furth r, the Bonus Additions to a Police
il/aly Loy ota. • ~atiarl t'a it, trttttUe premoone,
and the Original sum assured minion otherwise in full force."
The CHAIRMAN then addressed the Meeting as follows:
" Gentlemen,—You have now heard the Reports mid State-
ments submitted by the Directors for your/consideration.
These are so full and particular that I shall not detain you by
entering on details, but if any person is desirous of having
additional information or explanation, it will be readily
afforded.
" I have now to mete that the Report and Statements be ap-
proved of ; and in doing so, I may be allowed to congratulate
you on the unabated success that continues to attend the
Standard Company. After an experience of six-and-twenty
years and more, we find that the Company holds the enviable
position of having for some years conducted the largest busi-
ness of any Insurance Office in Scotland. Hail such success
been merely the result of a few years' business it might not
necessarily have been a just criterion of the soundness of the
principles on which the constitution of the Company is based,—
but as we can now lcs.k back on a period of probation exceed-
ing a quarter of a century, and find that progressive success
has attended the business of the Standard, we are entitled to
hold that the confidence and support we r.ceive from the pub-
lic are given in consequence of their just appreciation of the
principles on which the constitution of the Company is based,
and the business conducted. I may remind you that we have
lately gone through the ordeal of a strict investi,ation, during
which the most minute details of the Company's affairs were
examined; and the restOrof that investigation was, a., you are
all aware, most satisfactory, though the narrowest limits for
profits and the widest range for liabilities were throughout
assumed in the calculations: And I may mention, as evidence
of public opinion on the result, that the greater part of last
year's business was transacted after the investigation report
was circulated, and that the Insurances effected have exceeded
in amount the business of any previous year, excepting the
Investigation year, the amount for the year ending 15th No-
vernher last having been tin lesi than .e 167,001

I need not advert to the other departments of businem
except the Investments; theseTontinue to be most satisfacto-
ry, and to yield a very favourable.return. They almost entireli
consist of Heritable and Government securities.

Before closing these remarks. I wish to direct your attention
to the facilities for business afforded by regulations lately in-
troduced. As stated in the Report, the Directors have resolved
to make limited advances on t heir policies on very favourable
terms, under the belief that they will thereby in ninny mete
facilitate business. They have also brought into operation the
system of Select Classes 'of Assurance, which they were autho-
rised to introduce at their General Meeting in April last. The
Directors have found ti.at the privileges conferred by those
" Select Assurances" have been fully appreciated. Thee
have been extensively taken advantage of during the past
year; and it is satisfactory to find the viewsjwhich induced the
Directors to recommend their adoption have now been con-
firmed as sound and judicious by other Assurance Companies
of high standing, who since then have taken measures for in-
troducing a similar systeni into their own business."
The Report was approved of; and, after the Election of New
Directors, in room of those retiring, the Establishment for the
ensuing year was declared to be as follows :

GOVERNOR.
His Grace the DUKE OF lIUCCLEUCII AND QUERNSISLRET.
DEPUTY-GOVEItNOR.
The Right Boa. the fAtti. OF ELGIN AND K Ng.

EDINBURGH.
ORDINARY DIRECTORS.
JAMES ROBERTSON, Esq., W.S., 11, Heriot-row.
JAMES HAY, Esq., Merchant, Leith.
g s tlvs; iret.l.4 i• "Al 4;
ANTHONY TRAIL, Esq., W.S., 16,9 Northumberland-street.
JOHN SLIGO, Esq., of Carmyle, 5, Drummond-place.
a...s au, IS nsv, nog-, I.4lVrellittli' 8, Queen-street.
THOMAS GRAHAM HURRAY, ESq., W.S., 4, Glenfintas-street
JAMES VEITCH, Esq.. or EliOCk.
WILLIAM WOOD, Esq., Surgeon, 9, Darnaway-street.
ALEX R. JAMES RUSSELL. Req., C.S., 9, Shandwick-place.
WILLIAM MONCREIFF, Esq., Accountant, 50, Georgc-street.
GEORGE PATTON, Esq., Advocate, 30. Heriot- row.
JOHN ROBERT TOD, Esq., W.S., 30, Moray-place.

LONDON.

CHAIRMAN OF THE BOARD.
Honourable the EARL Of ARERDERK.

The Right

ORDINARY DIRECTORS.
Chester-street, Grosvenor-place.
A. MACOREGOR, Lsy.,
et,
Ev5.4.4:64H3,y1:(1741.1'.1.7k0-asu.tf:te.rt
FL BRETON.Es.o•, 3, ~r9so) • Square.
Jon: SCOTT,
LINDSAY, Its q., 26. LauFf,nce Fountney-lant.
THOMAS HoLDsw9R•ru Bitook !No. Esq., 2, Alderman's-walk.
JOHNjj::: PI
GRIFFITHSF 11(1I T Esq., Austin Friars.
Mona°, r,—W 1 I.L. THOS. THOMSON.
See)etael, to the. Lon(.'o•, Ii ard—PETER 11.WAnT.
Pesident SerrefarN in Dublin—SA\lULL SM VI.I E.
Rt3a, ent Seerctarp in ...I.,sgozo—Wm. BuowN, Jun.
A vote of thanks was passed to the Boards of Directors, awl
to the Chairman, after which the Meeting separated.

By order of flip Directors,
WILL. TID)S. TIIONISON, Manager.
PETER EWART, Reskient Secretary.

82, King William-31;Tel, Lc

OFFICE IN LIVERPOOL, 7-1--AItrtINGTON• nun-Dimas, Norma

JOHN•ST

DAVID ROBEIMON, Agent,

MANCHESTER BOARD.
Thomas Critchley, Esq., Tblerchont ; John L. Kennedy, Esq,,
Ardwick-house; Wood Gibson, Esq.,. Merchant ; E. R. Lang.
worthy, Esq., Merchant; Rot.ert Sm.db, Merchant.
Medical Adviser, J. L. Rarosley, Esq., M.D.
Office, S tamp-office- build ins.
JAS. DOUGLAS, Agent.

AGANT!. IN LA3,WASHIRE

Rochdale Mr. Thos. Smith, Draper, 59, Yorkshire-at.
Bury Mr. Samuel Moscrop, Bolton-street.
Bolton ... . Mr. John Nicholson, Wholesale Tea-dealer.
Preston Mr. Reuben Riley, Solicitor. _
Chester Mr. F. 0. Taylor, N. and 8. Wales Bank.
Donglaa,lalentlian Mr. Richard Nicklin, Wise-merchant.