Prospectus and rules1868 |
From inside the book
Results 1-5 of 7
Page 3
... Tontines , as are un- doubtedly beneficial , and to exclude the numer ous liabilities and other drawbacks to which experience has shewn all of them to be subject , and which have prevented the full realization of the benefits which they ...
... Tontines , as are un- doubtedly beneficial , and to exclude the numer ous liabilities and other drawbacks to which experience has shewn all of them to be subject , and which have prevented the full realization of the benefits which they ...
Page 14
... Tontine , being divi- sible amongst the survivors only of those who entered at its commencement , and the number of participants is of course further reduced by every withdrawal that takes place during the currency of the Fund ...
... Tontine , being divi- sible amongst the survivors only of those who entered at its commencement , and the number of participants is of course further reduced by every withdrawal that takes place during the currency of the Fund ...
Page 15
... Tontine system . It must here be remarked that although the shares of profit are actually paid to the Mem- bers at the close of a Fund , yet the announce- ment of these shares or Tontine Bonuses is made every year during the continuance ...
... Tontine system . It must here be remarked that although the shares of profit are actually paid to the Mem- bers at the close of a Fund , yet the announce- ment of these shares or Tontine Bonuses is made every year during the continuance ...
Page 17
... Tontine Dividends , which will pay the instalments on their Appropriations . If , however , they find it inconvenient to wait , they have the power , at any time , of purchasing an advance by tender . They may withdraw their ...
... Tontine Dividends , which will pay the instalments on their Appropriations . If , however , they find it inconvenient to wait , they have the power , at any time , of purchasing an advance by tender . They may withdraw their ...
Page 18
... Tontine Dividends . They may withdraw their subscriptions whenever they please . As an INVESTMENT , therefore , " The Mutual Society " is much more advantageous than Savings ' Banks , paying , as it does , interest at Three per cent ...
... Tontine Dividends . They may withdraw their subscriptions whenever they please . As an INVESTMENT , therefore , " The Mutual Society " is much more advantageous than Savings ' Banks , paying , as it does , interest at Three per cent ...
Common terms and phrases
accounts Act of Parliament adjourned Age of Nominee Annual Bonus annum appointing a proxy Appropriation and Premium Appropriation-Certificate approved arrear Articles of Association Auditor back subscriptions balance-sheet bers Bonus or Bonuses Bonus-Assurances Bonus-Certificate Bonus-class cach Fund Certificate held Certificate or Certificates Chairman Cheapside Church of England closing commencement Common Seal Consulting Actuary deemed Directors duly EMMENS entering the Society Extraordinary General Meeting forfeiture or transfer incurred instalments interest legal personal representatives LOSS OF BONUSES manner Member receiving Mutual Society Nominee's death notice Ordinary General Meeting Profits Promissory Notes receipt receive an Advance receiving an Appropriation Register of Members registered holder Registered Office regulations hereinafter contained repayable REPAYMENT OF APPROPRIATIONS respect thereof scriptions Secretary signed Society in Meeting subscribers thereto Surveyor think fit think proper three calendar months Three per cent tificate tions Tontine Dividends United Kingdom vote withdraw
Popular passages
Page 47 - The books of account shall be kept at the registered office of the company, and, subject to any reasonable restrictions as to the time and manner of inspecting the same that may be imposed by the company in general meeting, shall be open to the inspection of the members during the hours of business.
Page 52 - Any notice, if served by post, shall be deemed to have been served at the time when the letter containing the same would be delivered in the ordinary course of the post...
Page 41 - The chairman may, with the consent of the meeting, adjourn any meeting from time to time and from place to place, but no business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place.
Page 28 - The directors may, if they think fit, receive from any member willing to advance the same all or any part of the moneys due upon the shares held by him beyond the sums actually called for...
Page 36 - CD the share [or shares] numbered standing in my name in the books of the company, to hold unto the said CD, his executors, administrators, and assigns, subject to the several conditions on which I held the same at the time of the execution hereof; and I the said CD do hereby agree to take the said share [or shares] subject to the same conditions.
Page 41 - ... the company at the time of the meeting do not exceed ten in number, the quorum shall be five ; if they exceed ten there shall be added to the above quorum one for every five additional...
Page 44 - No person shall be appointed a proxy who is not a member of the company. (50.) The instrument appointing a proxy shall be deposited at the registered office of the company not less than seventy-two hours before the time for holding the meeting at which the person named in such instrument proposes to vote, but no instrument appointing a proxy shall be valid after the expiration of twelve months from the date of its execution.
Page 47 - ... the incorporation of the Company, made up to a date not more than six months before such meeting. 107. A Balance Sheet shall be made out in every year and laid before the Company in general meeting made up to a date not more than six months before such meeting.
Page 47 - Every such statement shall be accompanied by a report of the directors as to the state and condition of the Company, and...
Page 54 - ... shall be placed out or invested, nor for any other misfortune, loss or damage which may happen in the execution of the aforesaid trusts, or in relation thereto, except the same shall happen by or through their own wilful default respectively...