The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1849-04-17 00:00:00

lations of Cie Corporation of the Scottish Provident Institu
Cons,

WILLIAM J. DUNCAN, Manager of the National Bank of
Scotland, seconded the Motion.
The Motion having been put, and reference made to that
part of Art. 7 of the Laws as proposed to be amended, which
provides for forfeiture in case a member, "being of esnemind,
shall commit suicide," it was suggested that, as it seemed to
be considered very doubtful whether a person who did commit
suicide could be, or would be held by a jury to be, of sound
mind, it would be better to avoid any ground for question by
doing away with the forfeiture altogether.
The CHAIRMAN said that the clause, as put by the Commit-
tee who had prepared the amendments, stocd originally thus—
"or shall, within six months from the date of the Policy, com-
mit suicide." This form met the views of a great majority of
the Directors, but it had been altered as it now stood to secure
unanimity, as there seemed really to be little practical differ-
ence between the two. The Meeting unanimously adopted
this sugcestion, and resolved that the rule should stand thus
—" or ball, within six months from the date of the Policy,
CommTE suicide."

Lded Laws and Regulation

then read seriatim, and approved of
motion adopted unaniumusly.
The Lord PROVOST then proposed a vote of thanks to th
Directors for their arduous and most successful labours during
the past year, which was seconded by JAMES PEDDLE, Esq.,
W.S., and carried unanimously.

as reported on, were
and Mr. Chambers'

A vote of thanks was, in likemanner, given to the Board of
Directors, and to the Board at Manchester; to the Auditors
and Trustees; and the Manager, Medical. Officers, and other
„...

Office-bearers of the Society

The Management for the ensuing year was vested in the f

ALEXR. JAMIES

DIRECTOI

. .
Jon s PARKER, Esq., Office of Stamps and
JOHN PATTEN, Esq., W.S.
JOHN HUNTER, Esq., W.S.

TON, Geographer to the Queen

WILLIAM OLIPHANT, bsqr.,, Publisher.
WILLIAM FRASER, Esq., W.S.
ARCHIBALD THOMPSON, Erq., Merchant.
CHARLES BLACK, Esq., Publisher.
ROBERT HUNTER, Esq., Advocate, Sheriff of Buteshire
FRANCIS RICHARDSON, Esq., Merchant.
J., AI ES CATHCART, Esq., Merchant, Leith.
JOHN CA DELL, Esq., of Tranent.
DAVID HECTOR, Esq., Advocate.
CHAS. Wm. ANDERSON, ESL], Merchant, Leith.

t Hon. WILLIAM :fOi

The I
vost of t ,
CHARLES COWAN, Esq., M.P. for the City of Edinburgh
JNO. MASTERMAN, Jun., Esq., Banker, London.
WILLIAM CAMPBELL, Esq., or Tillichewan.
JAMES PED DIE, Esq., W .S.
Bankers.—The NATIONAL BANK OF SCOTLAND
{Sir GEORGE BALLINOALL, Professor of
Medical Officers— ii:ilitary Surgery.
Dr. JAMES DUNCAN, 12, Heriot Row.
.S'olicitor.—WlLLlAM POLLOCK, Esq., 13, York Place.
Manctoer.—JAMES WATSON. I Secretary.—JOHN WATSON.

THE CITY OF GLASGOW LIFE ASSURANCE
AND REVERSIONARY COMPANY.

HEAD-OFFICE-40, ST. VINCENT-PLACE, GLASGOW.
EDINBURGH OFFICE-19, ST. ANDREW-SQUARE.
LONDON OFFICE-120, PALL-MALL.
GOVERNOR.
THE RIGHT HONOURABLE THE EARL OF GLASGOW

DEPUTY-GOVERNOR.
JAMES OSWALD, ESQ., OF AUCHINCRUIVI

The TENTH ANNUAL GENERAL MEETING of the
PROPRIETORS of the CITY of GLASGOW LIFE ASSUR-
ANCE and REVERSIONARY COMPANY was held in the
Company's Office, Glasgow, on TUESDAY, the 27th March, in
terms of the Act of Parliament by which the Company is con-
stituted:

ANDREW STEPHENSON DALGLISH, Esq., in the Chair.
The Annual Report of the Directors to the Proprietors was
read by the Manager, detailing the business of the past year,
up to 2:)th January, 1849, as well as the results of the Annual
Bonus investigation of the Affairs of the Company at that date,
by which Report it was most satisfactorily shown that the
business of the Company continues to increase, the amount of
New Assurances during the year having been fully one-third
greater than in the preceding twelve months, whilst theamount
of claims from death only exceeded, by a few hundred pounds,
that of the preceding year, and were greatly under the average
expectation of mortality provided for by the Company's Tables.
Further, that the whole accumulated funds of the Company
were invested on favourable terms.

The Report congratulated the Shareholders on this state-
ment of the business for the past year, both as regards the in-
crease of Assurances and the smallness of the mortality; re-
sults so different from what might have been anticipated from
the general depressed state of the country, and the great mor-
tality occasioned by cholera. On the other band, the Directors
have to regret the large amount of surrendered Policies, oc-
casioned doubtlessly by the first named cause.
The Report contained a recommendation by the Directors,
in order still further to enhance the benefits of an Annual In-
vestigation and declaration of Bonus to the Assured, to allow
them the option of either having the amount of each succes-
sively declared Annual Bonus added to their respective Policies,
payable at death, or of receiving at once in Cash the surrender
value thereof.

Further, the Report announced the resolution of the Direc-
tors, adopted some time ago, to render it, by giving intimation,
impossible that a Policy-holder shculd lose the surrender value
of his Policy through ignorance of their being a Value attached
thereto. The Directors conceive that the hardship of being
obliged to give up a Policy through inability to pay the pre-
mium, or from any other cause, ought not in any case to be en-
hanced, from want of information by the holder, of his being
entitled to the cash value of his Policy, merely by applying
for it.

The Report was unanimously adopted by the Meeting, and a
Bonus Of ONE AND-A-HA LF PER CENT. for the year ending 20th
January, 1849, was declared on all Policies entitled to partici-
pate in the urofits of the Company.
The Meeting unanimously confirmed the appointment of Mr.
Humphrey Ewing Crum, elected a Director ad interim, to sup-
ply a vacancy wbich occurred during the currency of the past
year, and elected the following Gentlemen to be Directors of
the Company, in place of Messrs. Brock, Muirhead, and Gibb,
who retire in the usual rotation, viz.:—

WILLIAM RALF° tfit. Esq.,-Merchant, Glasgow.
PETER CLOUSTON, Esq., Insurance-broker, Glasgow.
JOHN TENNA NT, Esq., St. Rollox.
The Management of the Company for the ensuing year i
vested in the following Gentlemen :
Ailing° Campbell, Esq., Glasgow.
William Whyte, Esq., of Kilmardinny.
Andrew Stephenson I)alglish, Esq., Merchant.
Archibald Alacconnell, Esq., Merchant.
Walter Paterson, Esq., Merchant.
William 'lankier, Esq., Merchant.
James Jamieson, Esq., Merchant.
Henry Dunlop, Esq., of Craigton.
Humphrey Ewing Crum, Esq., Merchant.
William BaPour, Esq., Merchant.
Peter Clouston, Esq., Insurance-broker.
John Tennant, Esq., St. Rollox.

A. S. DALGLISH, Esq., Chairman of the Board of Directors,
MUNGO CAMPBELL, Esq., Deputy-Chairman.

DANIEL WALKINSHAW, Esq., Manager.
ARCH I BALD BOTH WICK, Esq., Actuary.
JOHN MACFARLANE, Esq., M.D., Medical Refer
ALEXANDER MORRISON, Esq., Law Agent.

HEAD-OFFICE, 40, St. Vincent-place, Glasgow
Edinburgh Office, 19, Si. Andrew-square.
London Office, 120, Pall-mall.

Liverpool Offic

JOHN CLOW