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Article SUMMARY OF NEWS FOR JUNE. ← Page 4 of 5 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News For June.
24 th , and a dividend , at the rate of 10 per cent , per annum clear of income-tax , declared . It is in contemplation to raise the capital from £ 300 , 000 to £ 500 , 000 . On the following day the South Australian Land Company declared a dividend at the rate of 7 percent , per annum . *
BENE YO LENT
The foundation-stone was laid by Prince Albert , on the 31 st of May , of an institution , the want of which has long been very generally felt in this country , viz . an establishment similar in its objects to that of the Sailors' Home , in Wellclose-square , and other parts , but available for sailors visiting the port of London , who are Asiatics or Africans , and whose ignorance of the language , manners , and customs of our people render them an easy prey to those unprincipled persons who abound in the east end of London . The estimated cost is about £ 9 , 000 .
The ceremony of laying the first stone of the Wellington College , near Sandhurst—an institution for the education of orphan sons of military men—took place on 2 nd May , with all that distinguished eclat which the presence of the sovereign and the royal family of England could not fail to impart . The total estimated cost of the college is £ 55 , 000 ; and when completed it will afford accommodation for 250 boys .
The anniversary festival of the institution established to afford permanent incomes of £ 30 a year to the widows and unmarried orphan daughters of officers in the army and navy , clergymen , and members of the learned professions , merchants , bankers , and others , who have moved in a superior station in society , was celebrated by a very elegant dinner at the London Tavern on the 3 rd June . The subscriptions amounted to about £ 400 .
The friends of the Marine Society , established for the equipment , maintenance , and instruction of poor and destitute boys for the royal navy , Indian navy , merchant service , and the fisheries , celebrated its centenary by dining together , when about £ 700 were added to the funds . The inauguration festival of the Printers' Alms House , Wood-green , Tottenham , took place on the 11 th , when the Earl Stanhope presided at a grand public breakfast , which was very numerously attended . The subscriptions of the day amounted to about £ 400 .
The annual assembly of the boys educated in the Royal Asylum of St . Ann ' s Society School , to receive those rewards which are accorded them for good conduct in those situations in which they may be placed after leaving the establishment , took place in the School-house , Brixton , on the 12 th . The Bishop of Winchester presided , and presented the various gifts , in sums ranging from 2 s . 6 d . for the first year after leaving the school , to £ 1—and , in addition , for the last or seventh year of apprenticeship , a handsomely-bound quarto Bible—it being one of the distinguishing characteristics of this institution that a child once taken under its roof is never lost sight of until fairly launched in the world upon coming to man ' s estate . The total money distributed upon this occasion was over £ 20 .
PROYIDENT . The Times Life Assurance and Guarantee Association held its annual meeting on the 7 th , when Mr . Sheridan , the manager , read a report , which said that during the lasfc year 1 , 570 policies had been completed ( none of them being what are termed industrial policies ) , producing an annual income of £ 7 , 574 . 3 s . 3 d . ; and that the directors had declined business to the amount of £ 109 , 140 ; which would have given , in annual premiums , upwards of £ 3 , 000 . The losses during
the year had been : —Life , £ 0 , 410 . (>\ v . lOd . ; guarantee , £ 1 , 768 . 6 s . ' Ad . In seven years the company had issued 8 , 483 policies , yielding an annual income of £ 37 , 672 . 14 s . Id ., but from which must be deducted the ascertained lapsed policies , amounting to £ 10 , 614 . 9 s . 10 d ., which would give the present annual income at £ 27 , 0 . 58 . 46 ' . 3 d . The report was adopted , and interest at the rate of 5 per cent , per annum ordered to be paid . A special meeting of the National Provincial Life Assurance Company was hold in the offices , Cheapsidc , on the 19 th , when an agreement was approved for
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Summary Of News For June.
24 th , and a dividend , at the rate of 10 per cent , per annum clear of income-tax , declared . It is in contemplation to raise the capital from £ 300 , 000 to £ 500 , 000 . On the following day the South Australian Land Company declared a dividend at the rate of 7 percent , per annum . *
BENE YO LENT
The foundation-stone was laid by Prince Albert , on the 31 st of May , of an institution , the want of which has long been very generally felt in this country , viz . an establishment similar in its objects to that of the Sailors' Home , in Wellclose-square , and other parts , but available for sailors visiting the port of London , who are Asiatics or Africans , and whose ignorance of the language , manners , and customs of our people render them an easy prey to those unprincipled persons who abound in the east end of London . The estimated cost is about £ 9 , 000 .
The ceremony of laying the first stone of the Wellington College , near Sandhurst—an institution for the education of orphan sons of military men—took place on 2 nd May , with all that distinguished eclat which the presence of the sovereign and the royal family of England could not fail to impart . The total estimated cost of the college is £ 55 , 000 ; and when completed it will afford accommodation for 250 boys .
The anniversary festival of the institution established to afford permanent incomes of £ 30 a year to the widows and unmarried orphan daughters of officers in the army and navy , clergymen , and members of the learned professions , merchants , bankers , and others , who have moved in a superior station in society , was celebrated by a very elegant dinner at the London Tavern on the 3 rd June . The subscriptions amounted to about £ 400 .
The friends of the Marine Society , established for the equipment , maintenance , and instruction of poor and destitute boys for the royal navy , Indian navy , merchant service , and the fisheries , celebrated its centenary by dining together , when about £ 700 were added to the funds . The inauguration festival of the Printers' Alms House , Wood-green , Tottenham , took place on the 11 th , when the Earl Stanhope presided at a grand public breakfast , which was very numerously attended . The subscriptions of the day amounted to about £ 400 .
The annual assembly of the boys educated in the Royal Asylum of St . Ann ' s Society School , to receive those rewards which are accorded them for good conduct in those situations in which they may be placed after leaving the establishment , took place in the School-house , Brixton , on the 12 th . The Bishop of Winchester presided , and presented the various gifts , in sums ranging from 2 s . 6 d . for the first year after leaving the school , to £ 1—and , in addition , for the last or seventh year of apprenticeship , a handsomely-bound quarto Bible—it being one of the distinguishing characteristics of this institution that a child once taken under its roof is never lost sight of until fairly launched in the world upon coming to man ' s estate . The total money distributed upon this occasion was over £ 20 .
PROYIDENT . The Times Life Assurance and Guarantee Association held its annual meeting on the 7 th , when Mr . Sheridan , the manager , read a report , which said that during the lasfc year 1 , 570 policies had been completed ( none of them being what are termed industrial policies ) , producing an annual income of £ 7 , 574 . 3 s . 3 d . ; and that the directors had declined business to the amount of £ 109 , 140 ; which would have given , in annual premiums , upwards of £ 3 , 000 . The losses during
the year had been : —Life , £ 0 , 410 . (>\ v . lOd . ; guarantee , £ 1 , 768 . 6 s . ' Ad . In seven years the company had issued 8 , 483 policies , yielding an annual income of £ 37 , 672 . 14 s . Id ., but from which must be deducted the ascertained lapsed policies , amounting to £ 10 , 614 . 9 s . 10 d ., which would give the present annual income at £ 27 , 0 . 58 . 46 ' . 3 d . The report was adopted , and interest at the rate of 5 per cent , per annum ordered to be paid . A special meeting of the National Provincial Life Assurance Company was hold in the offices , Cheapsidc , on the 19 th , when an agreement was approved for