Page 165 - Canadian Dominion Directory 1871 - Partie 1-fusionné

174 MONTREAL.
NATIONAL LOAN FUND

LIFE ASSURANCE SOCIETY

I N C O R P O R A T E D BY ACT OP P A R L I A M E N T

M

T. L. MURRAY, J. ELLIOTSON, M. D., F. R. S. J. RAWSON,
E. S. SYMES, C. TABOR, J. THOMPSON,
A. VIGNE, H. CROFT, W. KENNAWAY,
Sm A. KNIGHT, M. D. S. WALKER, G. FULLER.

MESSRS GLYNN, HALIFAX, MILLS & COMPANY.

COMC ffi\xtttQt$ f fflwlxtd.
B. HOLMES, W. LUNN,
A. L A R O C Q U E , REV. J. FLANGAN.
E. R. FABRE.

THIS INSTITUTION embraces important aud substantial advantages with respect to Life Assurance
and deferred Annuities. The assured has on all occasions the power to borrow, without expense or
forfeiture of Policy, one half of the Premiums paid, also the option of selecting benefits, and the conver-
sion of his interests to meet other convenience or necessity.
Assurances for terms of years at the lowest possible rates.
Persons insured for Life can at once borrow half the amount of Annual Premium without any se-
curity, beyond endorsement on policy which remains with the assured.
All claims arising in the Province settled without reference to the Court of Directors in England, on
satisfactory proof of death being furnished to the Local Board at Montreal.
The following extracts from the Actuary's Report, submitted at the 12th Annual General Meeting
in London on the 8th May, 1851, exhibit the present position of the Society :
" The affairs of the Society, calculated up to December 1st, 1850, may be stated thus:'—
Amount of investments, together with present value of income from annual premiums,£l ,030,882 14 0
Present value of liabilities on all assurances, annuities, &c, including paid-up capital, 926,821 17 2
Balance £104,060 1610
" Up to the end of the year 1850 the total number of policies in force amounts to 4,314, and the an-
nual income arising therefrom to £63,590, covering assurances, including whole life, term, and mis-
cellaneous policies, to the extent of no less than £2,072,688.
" The successful progress of the Society is plainly indicated in the following statement of the amounts
of annual income on existing policies at the end of the respective years, viz:—
1846, £39,747 15 1
1847, 42,749 3 3
1848, 45,103 2 4
1849, 54,496 15 2
1850, 63,590 8 4
The new business, from the end of the year up to the present time, amounts to 342 policies, assuring
£177,209, and producing an additional income of £6 ?090 13s. 2d.
FREDERICK R. STARR,
General Agent, Britiii North American Colonies,
Office, 17 Or eat St. James street, Montreal'