Chambers's Journal of Popular Literature, Science, and Art, Fifth Series, No. 17, Vol. I, April 26, 1884

Chambers's Journal of Popular Literature, Science, and Art, Fifth Series, No. 17, Vol. I, April 26, 1884

The numerous aids which the government have from time to time afforded through the agency of the Post-office for the encouragement of thrift and providence amongst the poorer classes have generally been attended with so much success, that it is surprising to hear of even one exception in regard to such efforts. There is no doubt, however, as was pointed out two years ago in this Journal, that the existing scheme of Post-office Life-assurance and Annuities, which has been in operation since 1865, has sadly hung fire, and but little advantage has been taken of the system, as may be inferred from the fact, that although it has been established almost twenty years, the total number of policies for life-assurance issued during that period is not more than six thousand five hundred and twenty-four; while the number of annuity contracts granted during the same period is only twelve thousand four hundred and thirty-five. Taking the latest returns, too, we find that the life policies now existing have dwindled down to so low a number as four thousand six hundred and fifteen; while the number of annuity contracts now only reaches nine thousand three hundred and seventy-three. These figures at once show how trifling and unimportant have been the results from this branch of Post-office business; but perhaps the causes for this want of success are not far to seek, if we consider how circumscribed and restricted the present system is in its action. ......Buy Now (To Read More)

Product details

Ebook Number: 65567
Author: Various
Release Date: Jun 8, 2021
Format: eBook
Language: English