National Provincial Life Assurance Society: On Thursday last the second annual meeting of the shareholders and insured members of this society was held at the London Tavern, Bishopsgate Street, for the purpose of electing directors, receiving the report of the Board of Management, and of transacting other business. Mr. John Poole was called to the chair … (considerable review and discussion followed, then) … Mr. King observed that the increased success of the society was wholly to be attributed to the labours of the directors. It was a success seldom surpassed and equalled by few. Now, as this was the usual time for election directors, he thought it should also be the time for rewarding them if they deserved it. He should therefore move that the sum of £750 be set aside as the remuneration for their services during the Year. Mr. Pinsent seconded the proposition most cordially and regretted that it was not £1,000. [This proposition gave rise to one of the most singular amicable contests between a board of directors and its shareholders we ever witnessed] … (Chairman agreed to put the vote – if the shareholders accepted an increase of 1 percent to dividend!).
[see also London Daily News: Friday 9th September 1853]
Transcribed in whole or part from scanned originals: Presented with or without modified text and punctuation. For absolute accuracy refer to the original newspapers. Source: The British Newspaper Archive.
Referenced
GROxxxx xxxxx