A Table of the Insurance Office at the Back-side of the Royal Exchange, Shewing
The Premium, or Rate of Insurance for Brick-Houses (the same to be reckoned Double for Timber) from One Pound per Annum Rent to an Hundred, for the Term of Thirty-One Years, or Under, which is Six Pence in the Pound-Rent for one Year, and to Discount by way of Purchase; that is, Five Years Paid down for Seven Years Insurance; Seven, for Eleven; Ten, for Twenty-One; Eleven, for Thirty-One. For every Pound-Rent Insured, Ten Pounds in Money (which is One Hundred Pounds for Ten Pounds per Annum) is to be paid as often as the House is Burnt down, or Demolished, within the Term Insured. If Damaged, then to be Repaired.
| Pound Rent | Insured for 7. Years. | Insured for 11. Years. | Insured for 21. Years. | Insured for 31. Years. | Houses Burnt, Money Paid. | ||||||||||
| Lib. | l. | sh. | d. | l. | sh. | d. | l. | sh. | d. | l. | sh. | d. | l. | sh. | d. |
| 1 | 2 | 6 | 3 | 6 | 5 | 5 | 6 | 10 | |||||||
| 2 | 5 | 7 | 10 | 11 | 20 | ||||||||||
| 3 | 7 | 6 | 10 | 6 | 15 | 16 | 6 | 30 | |||||||
| 4 | 10 | 14 | 1 | 1 | 2 | 40 | |||||||||
| 5 | 12 | 6 | 17 | 6 | 1 | 5 | 1 | 7 | 6 | 50 | |||||
| 6 | 15 | 1 | 1 | 1 | 10 | 1 | 13 | 60 | |||||||
| 7 | 17 | 6 | 1 | 4 | 6 | 1 | 15 | 1 | 18 | 6 | 70 | ||||
| 8 | 1 | 1 | 8 | 2 | 2 | 4 | 80 | ||||||||
| 9 | 1 | 2 | 6 | 1 | 11 | 6 | 2 | 5 | 2 | 9 | 6 | 90 | |||
| 10 | 1 | 5 | 1 | 15 | 2 | 10 | 2 | 15 | 100 | ||||||
| 20 | 2 | 10 | 3 | 10 | 5 | 5 | 10 | 200 | |||||||
| 30 | 3 | 15 | 5 | 5 | 7 | 10 | 8 | 5 | 300 | ||||||
| 40 | 5 | 7 | 10 | 11 | 400 | ||||||||||
| 50 | 6 | 5 | 8 | 15 | 12 | 10 | 13 | 15 | 500 | ||||||
| 60 | 7 | 10 | 10 | 10 | 15 | 16 | 10 | 600 | |||||||
| 60 | 7 | 10 | 10 | 10 | 15 | 16 | 10 | 600 | |||||||
| 70 | 8 | 15 | 12 | 5 | 17 | 10 | 19 | 5 | 700 | ||||||
| 80 | 10 | 14 | 20 | 22 | 800 | ||||||||||
| 90 | 11 | 5 | 15 | 15 | 22 | 10 | 24 | 15 | 900 | ||||||
| 100 | 12 | 10 | 17 | 10 | 25 | 27 | 10 | 1000 | |||||||
THese are the Rates that were Agreed to at the First Setling of this Office, by those Gentlemen that were Subscribers and Encouragers to this Undertaking, who took the Trouble to see the Security Setled according to the Propositions then made.
The Propositions Were:
THat Two Thousand Pounds per Annum in Ground-Rents should be Setled on Trustees, as a Security to make good the Losses of Five Thousand Houses: And after that Number were Insured, Ten Thousand Pounds should be laid out in Ground-Rents, to be Added, and Setled as the Former, for the Insuring of Five Thousand Houses more, &c.
The Ground-Rents which were Setled to begin this Designe, Were,
THe Ground-Rents of Essex Buildings in the Strand, being One Thousand and Fifty Pounds per Annum: And the Ground-Rents of the New Buildings on the East-side of St. Martins Lane in the Strand, being about Three Hundred and Fifty Pounds per Annum: Together One Thousand Four Hundred Pounds per Annum for Security to make good the Losses of Three Thousand Houses.
The Trustees Names which Accepted the Trust, Are,
SIr Michael Heneage, Sir William Warren, Sir Richard How, Knights; Peter Rich, William Thompson, George Bradbury, Edward Maynard, Esquires; Mr. Ralph Hartley, and Mr. Nathaniel Hawes.
The Councel which Approved of the Title and Settlement, Were,
SIr Francis Pemberton, now Lord Chief Justice; Sir William Jones (since Deceased); Sir Francis nnington, Mr. Williams, late Speaker to the House of Commons; Mr. John Mosyer, Mr. Polyxsen, unders, and Mr. Charles Whitaker.