Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1846-1847

I
INSURANCE DIRECTORY^ . M
PROVIDENT CLERKS' MUTUAL BENEFIT ASSOCIATION
AND BENEVOLENT FUND. M
42, MOORGATE STREET, LONDON.
™ ^ Thomas Baring, Esq., M.P. ; Thomas Hanicett, Jun., Esq.
' I W. G. Prescott, Esq. ; Baron L. De Rothschild.
Treasurer of the Benevolent Fund, — John Abel Smith, Esq., M.P.
Auditors, — Sir John Pirie, Bart., Aid. ; and others.
Hon. Solicitors, — Messrs E. J. & H. S. Lawford, Solicitors to the East India Company.
Considting Actuary, — William Ratray, Esq.
Secretarij, — Thos. Mullinder, LL.D., F.S.S.
Office in Edinburgh,— 68, GEORGE STREET — James Sym, Accountant, Agent.
Medical Referee, — R. Spittal, M.D., 16, Howe Street.
LIFE ASSURANCE AND BENEFIT DEPARTMENT.
i The Business of this Department, which is not confined to Clerks exclusively, embraces—
The Benefits of Mutual Life Assurance, in all its branches
Annuities to commence at a specified age.
Division of Two-thirds of the Profits every Five Years, the other third going to the Benevolent ^
Fund.
BENE VOLEN T DEPAR TMEN T.
This Fund, which now amounts to ^£10,600 Stock, is applicable to the following purposes t»
Clerks and their Families : — *
Annuities to distressed Members of Three Years'' standing of L.25 each, and to the Widows of
such ilembers, L.15 each. Annuities increase according to length of niember^dp.
j Loans, Gratuities, and Allowances to Members and Orphan Children of deceased Members.
1 All Clerks (whether in Banking or Mercantile Firms, Wholesale or Retail Houses, or in the
'era'ploy of Solicitors or others) Assuring their Lives, (Premium varying from L.l, lis. lid. per
cent, according to age,) or purchasing an Annuity, &c., under the Life Assurance and Benefit
Branch, become Members, and participate in all the above advantages of both departments, con-
form to the Rules of the Society.
JAMES SYM, Accountant, 68, George Street, Edinburgh.
The Sun newspaper, of 8th May 1846, and the other London papers about that date, give a
full report of the proceedings at the meeting of the Association to celebrate the election of
Annuitants. The Earl of Dalhousie, President of the Board of Trade, in the Chair; supported
on his right by Lord John Russell, and on his left by J. Wood, Esq., Chairman of the Excise.
The Sun, in its leading column, remarks : — " These proceedings may be looked upon in a national
point of view. To see the President of the Board of Trade patronising such an excellent insti-
tution, which so much contributes to the moral and social welfare of the executive body, which
carry out all our great commercial transactions, viz. the clerks, is at once an evidence of his
Lordship's nobleness of heart, and of the importance which he attaches to means so legitimate as
are carried out by this Society. But to hear from the lips of one of her Majesty's Ministers, and
that one the President of tlie Board of Trade, that the sentiments he uttered in recommending
clerks to assure, were not merely 'vox et 2')r<eterea nihil,' but that what he recommended he per-
sonally practised, and had himself assured his own life, is proof positive that his Lordship not only
approves of the general principles of societies such as the Provident Clerks' Association, but that
he is entirely satisfied with the manner in which those principles are practically worked outi Tlie
Earl of Balhousie, by taking the chair at the anniversary dinner of the Provident Clerks' Asso-
ciation, has borne most important testimony in favour of the general utility of that admirable
institution — an institution which, to use the words of the Noble Earl, 'has this recommendation,
that there are none whose means are so small but may obtain advantage from it — no man is so
poor, no clerk so humble, but may join in order to provide for the wants of the future, by contri-
buting towards its funds, which will be fostered and cherished, and paid to the utmost fai'thing.*
It is not surprising that an association of such great value, and so ably conducted, should increase
in ' prosperity with every passing year, in great and rapid proportion.' It has gone on nearly
doublings itself every year, since its first formation. The year 1845 is stated to have been the
most prosperous since the first formation of the Society, and the three first months of 1846 have?
been not only equally prosperous, but doubly so. The Society has increased, is increasing, and
will continue to increase. The infant of some five years since is the giant of to-day, and the
Provident Clei'ks' Association now ranks among the first, if not the fitst, ia this commercial
kingdom,"