Page:The Cyclopedia of India (Specimen Issue).pdf/133

 He has on ﬁve occasions been elected to the Chairmanship ot the Indian Jute Mills Aswcintion, and occupies that position for the current year. He has always taken an active interest in Municipal affairs in Jute Mill areas. Hl‘ efforts were especially directtd

Mr. JUII.‘ NtmLt. . to the condition of the mill work people. on whom he has her-n able to

confer great beneﬁts. He it alto lrnown for the interest he has shown tn charitable institutions, sport. etc.

Sir ill'RKISONDAS NUR- RtlTL’MIHS. Knight. was born in Nrwt'mlwr 134d, nntl isnn lllﬂllt'ntllll and reprcwntativo citizen 0! Bom- ltm'. living one ul tln- largest Mill- owners in the Presidency and Chair~ tnnn ol scwrul cotton Innnulnctunn ' companies. Hr ltttritlum‘ ll great rleatl rind Worked energetically tor Illl' henctitol thr- cmtntry, r‘s n-cinllv in tho lwnuficcnt r'flurls w rich have been mudo for providing medical help for the Women of India. Like his father. he is very charitable. Ht- assisted in raising funds for bringing out the tirut Indy Doctor from England, and the excellent work carried on for sow-rill wars by Dr. Pochcv I’liipson was tln- ""3"" at them- i‘ﬂorts. The inauguration ot thn anirrin Fund fullowod. and as Lady Retry took the lt‘iltl in this tnnv'umrnt. Sir Hurkisnndru turthrr helpwl by founding in her name a scholarship in tho Bombay liniwr- sitv and it Gold Medal to he nwanl- cd'nnnunlly to the lit-st Indy gr.)- dnnte in thr‘ Li“. 8: S. examination.

THE CYCLOPEDIA OF IXDIA.

As a Member at the Committee tanned by Dr. Pechey Phipson for establishing a Sanitarium at Xasilt. he assisted by contributing a number of buildings. and also gave assistance towards the Lept’f Asylum at Mntungu. The Chch of his good Work: is the New Lunatic Asylum at XuWapada which hears thr- name at his latr- tnthcrand is a generous gilt the bent-tits whcrcol will lK‘ continued through lutltrc generations. Ht‘ has hrctl an in- telligent and painstaking Membr'r oi thr- Mllnlt‘tpall Corporation since 1378. and was aptutntcd Sherri! ul Bombay in try}. As a Secretary or )Iemht-r oi various Committees he always worked for the promotion 0! turnout good objects. Alter the Coronation Dnrhar zit Delhi he had the honourable distinction oI

Kn' htbood conferred on him by His. rtjesty thr King-Emperor.

The ORIESTAL GOVERN- MESI' SECURITY LIFE ASSUR- ANCI-l CO. LIMITED. ’l’he hirtoryof life insunnre in India is one. speaking generally, of consider Able timidin on the part hoth of the insurance companies and of the public. The companies were fright erred by a dangerous Climltr. and so impressed by the comparatively short tenure of existence which the stutistics revealed n being urunlly attained by the natives of the country. that. even to this dry. wine companies will not do business in Indim

It may be said. with little risk of being inaccurate, that thirty years ago life assurance was pactially unknown to the natives of India, while Euro- peans had to pay heavily in the shape of special premia for the privilege of liting tn an objectionable climate. If lack of reliable vital statisticr. fear of fraud, and the uncertainty which in those do}: nlwa s surrounded the ages of natives, ten ed to quench the little enterprire which Insurance Companies showed in India, the absolute apathy and disinclination to spend money in a new and incomprehensible direction displayed by Indians. formed an equal hindrlncc to this must beneficent ol businesser. It is not to be wondered at. then. that when. in r874. the late Mr. Melanchlnn Slater tuoposcd to start an Indlan Company which should embrace within its liberal conditions all classes of the Very mixed com. munity, those critic: who did not laugh sympathetically mnumed, and pro phesied a short life for the Company. However. Mr. SlAtet hid the courage of his opinions and ﬂoated his Com- pany. He had carefully prepared the ground. the rates were adjusted exactly to the known condition: at risk. and all lim proposed were subjected to the rigid scrutiny which nlonc could justify the acceptance of all IO!!! and condition: of men a more“. The result wu success from the beginning, though at first it was to moderate computed with whnt it has latterly been. that the progress of the Company resembles. on n genenl View being taken of it. that of on avalanche of increasing business. At the beginning of Int yrar (I905) the number of policies in force mounted to 43,356. assuring. with bonus additions. Rs. 8.88.03.223. The need and the fact of the careful examination of lives od'ered Itill uirting. is shown by the rejection of nbout 1,500 out of 6,38! proposals nude during tut year. The issue of 4,790 new police: in one year. however. i: a thing Almont undmmt of thirty years ago, and the continual pushing of the Company's business by I number of well-managed agencies has been largely helped by the mlid fact the agents have had It their buck, that the whole of the Company's funds. amounting now to twenty-live million rupees. is invested in Government or otbcr absolutely unquestionable securities. By far the greater part at the Company's invest- ments are in Government Paper. about