Equitable Assurance Socie...
TO THIE EDITOIfF THE TIMES. Sir,-In common with many thousands of proprietors resident at a distance from town, I have to thank you for your communiication of the late meeting of this highly respectable institution. As so many of your readers may be interested, allow mne to suggest the expediency of reverting to the old rules of this society, under which a division of profits was allowed to take place, whenever the excess capital mnight admit of such a division. Such was the plan till within a few years, when a resolution was adoptcd for making adivision every tenth year. The injustice of this resolution towards the older pohl. ies is manifest, because as life advances the chance of its prolonga. tion for so long a period becomes considerably reduced; and the great- cr probability is, that the proprietor who has contributed for many years must lose the beneft which should attach tohim,when the mo- dern policies on younger lives mnst thereby partake of an increased bonus. In answer to this, it will be said a policy under seven years cannot partake of a division of profits, and that the old po- licies have a per centage per annum, allowed in addition to the bonus already declared. But these advantages will be found by no means to compen6ate for the loss, as the per centage allowedl is a mere trifle compared with the expectant share of profit. It will not amount to more than a fourth part of such share: the injustice, therefore, to the old proprietors is very inconsistent. If any new regulations are to be proposed, I would take the Ri. berty of recommnending a reduction of remium upon all policies of a certain date; as it appear6 an injudicious plan to be taking a considerable premiumz fmons the old proprietors, to be invested in the 3 per cents, atpar, for the purpose of a divisionto take place when thev mav he 0 ,sr Pernt Ina~rr T re niM. wiih o--e '-pr YOUR CONSTANT READER. Burv St. Edmund'8, Dc. 5. EQUITABLE ASSUlRANCE SOCIETY.