The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1833-12-31 00:00:00

Inottrante Xoticto.

THE UNITED KINGDOM LIFE INSURANCE
COMPANY.
TO BE ESTABLISHED BY ACT OF PARLIAMENT.
Capital—ONE MILLION,
IN .#.'50,000 SHARES OF £-20 EACH.
HONORARY PRESIDENTS.
Earl of Errol. Lord Vis Count Glandine.
Earl of Courtown. Lord Elphinstonc.
Lord Viscount Falkland. Lord Belhaven and Stenton.
Lord -Viscount Eastnor. Sir J.ll.Dalry mple, Bart. 51. P.

DIRECTORS,

Wm. A. Mackinnon, Esq., Chairman.
Major-General John Shaw, Deputy-Chairman.
Captain Edwd. Sfopford, R.N. Charles Graham, Esq.
Charles Downes, Esq. Alexander Bahl-mm.o, Esq.
C. J. W. Ellis, Esq. Edward Boyd, Esq. Resident.
James Stuart, Esq. John Ritchie, Esq.
N. P. Levi, Esq. George Huntly Gordon, Esq.
Samuel Anderson, Esq. I Fred. Charles Maitl.ind, Esq.
William Plaskct, Esq. Ralph Watson, Esq.
John Christian Curwen Boyd. Esq. Secretary.
Messrs.Cccks, Biddulph, aud Biddulph, Bankers, Charing-cross:
Frederick Hale Thomson, Esq. Surgeon, 15, NeW Cavendish-
street.
Messrs. Macdtaikall and Bainbrigge, Solicifors, 4G, Parliament-
street.
THE universal success which has hitherto attended all Life
Insurance Companies, renders it unnecessary to enlarge
upon the numerous advantages held out by such Establishments
for the investment of Capital, as well as the benefits arjsing to
all classes of the community. If an example were, owever,
requisite, it would be sufficient to quote the recent ppropria-
lion of profits, amounting to nearly Two Millions terling, by
an Office established little more than tweuty-fiv years, whose
original called up Capital was only £IOO,OOO, t Directors do
not therefore contemplate calling up more t £2 per Share,
which will forin an ample fund for conductin• the business.
In order to iira ke t h E.tablishritent as generally beneficial
throughout the United -li;•i4idotri as foossible, the Directors
have divided thti Stock into very-wall. Shares, so as to suit the
convenience of pei 301/3 in ev.-r:'Vnat:an of l; re; and as it pro-
poses to embodv,io its retals mos& al: that has been advanta-
geous to other , offer to the public a revised
scale of premium, more gitiii.suited to the inte-res, of the
Proprietors and the Awn-A, it o-prr..itime4 there cannot be
found a better investrue,ci of Cai;.t.il than In the purchase of
Stock in this Compaffy.
It is intended, from the commaicement of by -iness, to pay
the Proprietors Interest, at the rate of four per cent. l c'r annum,
on their depoSits half-yearly; and, as an inducement for them
to bring Insurances to the office, a higher rate of interest will
be allowed ).e those who do so; but the Directors feel assured
that, in pendent of this consideration, each Proprietor will
exert his influence to augment the business of the Company,
which will ultimately tend to enhance the value of his own
St6ck by increasing the amount of the dividends from time to
time.

For the convenience of parties residing in the country, they
may receive their half-yearly dividends from the Bankers
nearest to their residence, by merely advising the Secretary of
the name of such Banker's Loudon correspondent, and audio-
iising him to sign the requisite receipt.
The profits of the CAAmpaay are to be divided periodically; at
intervals of not less than five years, and not exceeding seven
years: two-thirds to belong to the Assured and one-third to the
Proprietors.
It is intended by the Directors to apply for an Act of Par-
liament constituting the Comnauy ; but, in the mean time, all
Shares subscribed for are to tie subject to such rules and regu-
lations as the present or future Directors may deem prudent
for the good of the Company, and the Directors shall have the
power of commencing business on the Ist of January, 1831, or
whenever they may deem it expedient.
The affairs of the Company are to be conducted by a Board
of Direction, consisting of at least twelve, and not exceeding
sixteen Directors, a Resident Director, and a Secretary, who
shall remain in office until the first division of profits, when
four Directors of the active Board shall retire by lot, but be
eligible to be re-elected; and annually thereafter the same
number of Directors shall retire, until all the first Directors
shall have so retired, and afterwards four Directors shall re-
ire by seniority. Any vacancy in the Direction occurring
by death or resignation previously to the first division o
profits, the same shall be filled up by the Board of Directors,
and the new Director so chosen shall remain in office according
to the seniority held by his predecessor.
The Managing Director and Secretary to remain in office as
long after the first division of profits as they give satisfaction
to the Directors, who are to have the power of appointment to
these offices when a vacancy occurs.
The present Directors shall name three Auditdr.s, who shall
investigate quarterly, and report annually to the Proprietors
the state of the Company's affairs, when one of the Auditors
shall retire, but be eligible to be re-elected.
The power of re-electing shall be in the Shareholders who
have held shares at least twelve months previously, viz.
10 Shares to be entitled to One vote.
20 ditto ditto Two votes.
50 ditto ditto Three votes.
100 ditto
__ .

The qualification of a Director and Auditor shall be the
possession of not less than fifty shares, held for twelve months
previous to election, after the Company shall have been twelve
months established.
Shares may be had on application by letter, post paid, to the
Secretary, J. C. C. Bolin, Esq., care of Messrs. Coots BID-
DULPH, and • BIDDULPH, Bankers, Charing-cross; :Lotus
BROWN, Esq., 4, Austin-friars; CHARLES DOWNES, Esq., 8,
Carlton-chambers, Regent-street; or Messrs. MACDOUGALL
and BAINBRIGGE, Solicitors to the Company, 46, Parliament-
street. Also to Mr. lIEBBLEWHITE, 65, Church-street; or to
Messrs. Wm. SMITH and SONS, G, Exchange-building., Liver-
pool.
As a great many Shares are already appropriated, early ap-
plications are requested.