Leeds. - Asks Milnes to call on his nephew Charles Bischoff at Copthall Court, Threadneedle Street who will inform Milnes what needs to be done for his life insurance, and will make out a promissory note for him to sign. As soon as all this is done, the money will be paid to Milnes' order at Brown, Janson & Co.
8 Copthall Court. - The Board Day of the Legal and General Life Assurance Society is tomorrow; asks if Milnes can meet him at their office. If not, he can come next Tuesday. Sends Milnes the questions which will be asked [no longer present]; he will have to sign the proposal on behalf of Mr Brown [the banker loaning Milnes money].
Leeds. - Tonight Mr Brown will direct that money for Milnes will be paid to Charles Bischoff's order in London dated 21 Apr.; the sum available will be £473 15s 6d, which is the £500 of Milnes' note, less the discount to the banker's commissioners. Asks Milnes to settle the cost of the policy and the note with Bischoff. Milnes will have nothing to pay on Tottie's account; he will only have £500 to repay when the note matures.
8 Copthall Court. - Had a letter yesterday from Mr Tottie stating that the money would be ready at Mr Brown's bank today; did not write since Mr Tottie said he would write to Milnes direct requesting him to call on Bischoff. Outlines the deductions (for bank commissions, policy and premium etc). The money is in Bischoff's name so if it is not convenient for Milnes to come into the city, he can send Bischoff a note and he will procure and forward the money. The Universal Life Insurance require an extra premium of £8 8s to insure the life of a party going to the Bahamas; this appears 'quite out of the way' to Bischoff; he will make further enquiries.
Lloyds. - The premium on the life of an individual for one year going to the Bahamas will be about four guineas; in Lloyds a policy cannot extend beyond one year, so the policy must be renewed if it is required for a longer period.