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their several articles, ASYLUM, LYING-
IN HOSPITAL, MARINE SOCIETY, &c.
The arms of the City of London are,
Argent, a cross Gules, with a sword the
same. Some say this was the sword of
St. Paul; and others, that it is the sword
of William Walworth Lord Mayor of
London, who killed the rebel Wat Tyler,
anno 1381, in the presence and defence
of Richard II.
LONDON ASSURANCE, in Birchin lane,
Cornhill, for assuring houses and other
buildings, houshold furniture, goods, wares,
and merchandize, from loss or damage by
fire: except glass and china ware, not in
trade, and all manner of writings, books
of accompts, notes, bills, bonds, tallies,
ready money, jewels, plate, pictures, gun-
powder, hay, straw, and corn unthreshed;
and for assurance of lives.
This society was incorporated by letters
patent granted by King George I. for as-
suring ships and merchandize at sea; and
for lending money upon bottomry; in
consideration of which grant the Corpora-
tion were to advance his Majesty 300,000l.
without interest, for the term of thirty
years: towards the raising of which, and
paying the just demands that might be
made upon their respective policies, the
Company were impowered to raise a sum,
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not exceeding 1,500,00l. to be called the
stock of the Corporation: by a second
charter, granted to this Corporation in the
year 1721, they were impowered not only
to insure ships, but houses, goods, and even
lives.
This society is under the direction of a
Governor, Sub-governor, and Deputy Go-
vernor, and twenty-four directors.
They assure houses and goods upon the
following terms and conditions.
I. All manner of brick and stone build-
ings covered with slate, tile, or lead,
wherein no hazardous trades are carried
on, nor any hazardous goods deposited,
are termed Common assurances, and are
assured for the following premiums, viz.
any sum not exceeding 200l. at 4s. per
annum; any sum above 200l. and not ex-
ceeding 1000l. at 2s. per cent. per annum;
and any sum above 1000l. and not ex-
ceeding 3000l. at 2s. 6d. per cent. per
annum; and goods and merchandize not
hazardous, in brick or stone buildings, af-
ter the same rates.
II. For the accommodation of such
persons as are desirous of being assured
for a term of years, this Corporation will
assure (on such buildings or goods as afore-
said) any sum not exceeding 1000l. at the
rate of 12s. per cent. for seven years, and
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