THE QUEEN INSURANCE COMPANY. 156 LEADENHALL STREET, LONDON, E.C. QUEEN INSURANCE BUILDINGS, LIVERPOOL. CAPITAL-ONE MILLION STERLING. At the Annual Meeting of the Proprietors, held at Liverpool on the 21st October 1863, BERNARD HALL, Esq., Chairman of the Company, in the chair, the Directors' Report for the year stated: That the Fire Premiums for the year amounted to... £70,300 being an increase of............... 22,880 That the Life Premium Receipts for the first three years were...... 15,249 And for the past three years. 43,557 being an increase in the latter triennial period over the That during the past five years the Company had paid for Claims 106,515 The Actuary reported that the Life Liabilities had been valued on the soundest principles, viz., Net Premiums, at 3 per Cent. Interest, and that the Bonus to participating Policy-holders averaged as much as 46 per Cent. per Annum of the Premiums paid, while, in some instances, it was as high as 65, 70, and even 75 per Cent. A Dividend was declared to Proprietors at the rate of Eight per Cent. per Annum. J. MONCRIEFF WILSON, Manager and Actuary. |