Star. — London, England, 1824-07-30 00:00:00

S ••-i k i :' * , .'' - .., '4li Alt (t., t• , t -ot‘ t 1.---, .„, , • 'Cd er..l' _ -f -- ' .• '`` 2 - '!': i , , - ~ 41 : • _.\ • 1. , '; • ) oa•wuo•em ; 0- ' a , J ,,,(, ~ 4 1 . - -..fA -: <OLN„--, 1 r I ( s .r,.- ' ; A VW Li al-CA,,) •••7_, Kl /Fr. , ..1 . 111-.---... - FRIDAY, JULY 30, 1824. Numssz 11,685. I PRICE IRti'R---PBNQR. • ST. MARYLEBONE, JULY 24, 1824. TO BUILDERS. BRITISH ANNUITY COMPANY, FOR THE PURCHASE OF ANNUITIES SECURED ON PROPERTY IN GREAT BRITAIN AND IRELAND. by way of annuity, to such an extent as ete value of their shares will cover. ALL such Persons as may be desirous of contracting for the ERECTION of a BUILDING In SIARYLE BONE.LANE, in the Parish of St. Marylobos*. as an addition to the Court-House of the said Parish, may Inspect the Plans and Specification of the Works, and Poem of Contract, at the Court }louse aforesaid, any day (Sundays excepted) from Nine to Ptve .'Cloak. Proposals, sealed up, to be delivered at the Court• House by Ten o 'clock in the Forenoon of SATURDAY, the 14th day of August, after which no Tender will be received; such Proposals to contain the names of two respectable Persons as Sureties foe as due per formance of the Contract. Further Particulars may be known on application at the Office of Mr. Tilbury, Surveyor, 49, High-street. By Order, J. HUGO GRRENWELL,.Vestry Clerk. MARINE INSURANCE. THE INDEMNITY MUTUAL MARINE IN SURANCE COMPANY hereby give NOTICE, that they will COMMENCE BUSINESS on Dloynav the 9th of August, at their temporary Odee, N'. 3i, Winchester-stmt. No insurances can be effected wirk the Company bet by Share -holders. The advantages exclusively offered by this Company to Mer chants, Ship-Owners, and Insurance Agents, will be made known at the time when Policies are contracted for. By Order of the Directors, GEORGE CHANNER, Secretary. Old llroad-stmt, July 29, 1944. Na 36, THE NEW MONTHLY MAGAZINE for Aug. 1, contains: The third and last Paper on Absenteelstn—Popular Songs of the Modern Greeks—British Galleries of Art, No. 12.—The Fltxwil lizm Gallery, at Cambridge—Grim: is Ghost, No. 19. Love among the Law Books—Letters from the East, No. 6.—Thebes. —The Dean of Santiago, a Tale from the Conde Lucanor, and ahnut twenty other original Papers, exclusive of a Review of New Publications, Foreign as well as English, and the usual Reports of varieties in Art, Science, General Literature, Music, and the Drama; Political, Commercial, and Domestic Occurrences, etc. London: Printed for Henry Colburn, New Burlington street; Ltd and Bradfute, Edinburgh ; and John Cumming, Dublin ; of chum may be had all the former Numbers from the commence mem of the Work, in January, 1321; or the Vohinios,baollsoolely ball-bound, price 141. each. AN ORIGINAL AND USEFUL WORK. Now publishing, in Weekly Number, price Bd. Monthly Parts,Ss. each, printed on demy quarto, and got •p In the kit style o: workmanship, THE MECHANIC'S ORACLE; or, Artisan's Com plete Laboratory and Workshop; explaining, in an easy and familiar manner, the general and particular application of Practical Knowledge to the different Departments of Science and Art. Il lustrate-I by appropriate Engravings, executed by the first Artists. Edited by eminent Scientific Gentlemen of great mechanical talents, who would rather the Public should judge of the work by ha own merits than be influenced by the sanction of their names. Sold by all Booksellers. Communications, Drawings, &c. &d -inned to the Editors of the Mechanic's Oracle, 38, Newsato. street, will receive every attention. AT %GENERAL MEETING of theSUB SCRIBERS to LLOYD'S, bud July 214 1224: BENJAMIN SHAW, Esq. in the Maki The following Resolutions were moved and carried unanimously : 1. Moved by John Mitchell. Re* seconded byV. F. Rivas, Esq. That the Report of the Special Committee presented to the Ge actal Meeting,. held on the 7th inst. be approved. t Moved by Robert Sheddon, Esq. seconded by Wm. Bell, Esq. That underwriting, in partnership arms, akhough rendered legal, is subject to the inconveniences stated In the Report of the Com mittee, and in particular is calculated to injure the Public by dimi aisbing the security of Insurance Contracts, and which, if practised in Lloyd's may ultintateiy affect the respectability and character of that establishment, and endanger the system of individual under writing. It is therefore the opinion of this /limning. that the most effectual measures ought to be adopted by means of a new by-law, to discourage such practice within these Rooms. 3. Moved by the Chairman, seconded by James Imes, That the thanks of the Subscribers are due to the Right Hon. the Earl of lauderdale, and the Right Hon. Lord Gifford, for pre senting Petitions to the Home of Lords on behalf of the private Underwriters, and also the Merchants and Insurance Brokers, en- gaged in affecting Marisa Insurances. 4 Moved by the Chairman, seconded by JohnWhitisinte. jellelte+ That this Meeting has the greatest satisfaction in acknowledging the services of William Thompson, Req. M.P. as a Member of tbe Select Committee, and also in his plus in Parliament, where be zesiously and ably maintained the just claims of the Subscribers to Lloyd's, and the real interests of commerce. S. Moved by the Chairman, seconded by Wm. Pratt,jun. Zak That the grateful acknowledgments of the Subscribers be offered b Thomas Wilson. Esq. M.P. who presented one of the Pathless to the House of Commons, for his manly defence of the Under. writers against the calumnies with which they were assailed, for hie able exposure of the injurious nature of the measure then under consideration, and his unwearied opposition through all its stages in the lower House of Parliament. 6. Moved by the Chairman, seconded by George Sadden, Esq. That this Meeting acknowledges with pleasure the readiness which Wm.Mancdng, Esq. M.P. undertook to present the first Pe titian of the private Underwriters, and the full and satisfactory banner in which he supported the prayer of it in the Hosea of Coln am; as well as his candid avowal that a measure which be had named during the war appeared to him under present circuits races unnecessary and dangerous to the Public. 7. Moved by the Chairman, seconded by George Brown, E4* That the respectful thanks of the Subscribers be presented to Sh (harks Forbes, Bart. Sir Francis M. Ommanney, Mr. Alderman Wood, Alexander Robertson, Esq. Pascoe Greaten, Esq. Jelin Pawner, Esq. and the other Members of the House of Consumme, from a conviction of the injurious nature and teniscy elf tie hides Insurance Bill afforded to the Underwriters their 41010. lamed and enlightened protection, and have left an timpani. am b its true character, which must operate to the adman. Ikr this House. S. Moved by the Chairman, seconded by John Robinson, Ifen. That this Meeting, duly appreciating the great assistance derived I st the Special Committee from the professional talents et their "diem. J. W. Freeldield, Esq. as also his unwearied zeal, sad een..' Km lugedes to every object that could tend to acconsplish He 1 11 1pase of their appointment, present him with their cordial irate, annananied by a free right of admission to the Rooms of the Soh. "hen, both for himself and his Son, J. W. Freshfield. 9. Moved by Thomas Wilson, Esq. M.P. seconded by David Caruthers, E imi . . T hat the grateful thanks of this Meeting be presented to the 'Pedal Committee, for their arduous exertions under extraordinary nd most discouraging circumstances, from which exertions the most ossantatestis consequences will probably result to individual Under. vnters, as well asthe Commercial Public in general, and the injurious efects of the new law will be to a materiel extent counteracted. O. Moved by Alexander Robertson, Fog. lI.P. seconded by Lawrence Marshall, Esq. That the Sp ec i a l C omm i ttee b e reques t e d t o continue their ser !ices until the close of the next Session of Parliament, and that they Is . em powered to adopt all such measures as may appear to them a!lt.lat , ed to p romote t h e i nterests o f t hi s H ou s e , in reference to s War Jltect which occasioned their appointment. 11. Sloped by Thomas Wilson, Esq. M.P. seconded by William „ 0 pson, Esq . M. P. 1 4 .. the preceding Resolutions be published in the principal Newspapers. 1:112. .'veil by Robert Dewar, Esq. setanadcd by Wm. Manning, JI.P, at the best thanks of this Meeting be given to the Chairmen, ‘or his active and zealous services as Chairman of the Special "14atilicel and for his conduct in the Chair this day. CAPITAL TURN& MILLIONS, to SIXTY vatottaatin swam Or /MT POUNDS SAM Established under the Authority of as Act of Parliament, Jane 21, 1824.-office, 36, New Broad-street, London. DIRICTOIIS. Pima Moons. Esq. M.P. Chairman. B. B. M. Baum. Esti M. P. Deputy Chairman. Colonel Henry Curzon William Newman, Esq. Nicholas Dennys i Esq. • Samuel Pare, Eaq Lieut.-Gen. Sir Ratans Donklu , Colonel Painter, . f .P. K.C.B. Nathaniel Win. Peach, Esq. Miter James Jones Hon. William Powlett, M.P. R. Lane, Esq. A. A. Suttees, Esq. George Magnus, Esq. Colonel Talbot, M.P. John Mendham, Esq. John Wilkin, Esq. autaroas. Henry Clarke, Esq. John Horlor, Esq. Burtage Davenport Esq. i s David M.Lean, Esq. Timothy Fran Power, Esq. wawa& Sir William say, Bart. Price, Marryat, and Coleman; Sir John Perring, Bart. Shaw, Barber, and Co. SICAZTAIIT.-James Mitchell. Esq. A. M. STAMING Coonsu..--Samuel Girdiettene, Esq. Soucrroft—John Wilke, Jun. Esq. Cossomne Sessuoiss--George Buckley Bolton, Esq. and William Bevriqke Lynn, E‘ q. Seavirroas—Joseph Gwllt, am. Edward I'anson, Esq. and James Savage, Esq. THIS COMPANY has been established under the Authority of a special Act of Parliament and Deed of Set tlement, for the profitable Investment of Capital in the purchase of Annuities, secured upon Freehold, Copyhold, and Leasehold Es tates, Money in the Government Funds, Parish bonds, Turnpike Tolle, and other eligible Property. The nature of annuities not being generally understood, it may be degirable to enter somewhat into detail in the explanation of them. An annuity is a sum of money annually paid by a person, who is called the Grantor, to another person, who is denominated the Grantee, in considera tion of a sum of money paid by the latter to the former, as the porcbase-money for the duty. This annual pay aunt Is m ade during the life of one or more individuals named by the grantee, and on the extinction of the last life the annuity ceases. Thus, A pays to B atll,ooo as the purchase of an annuity of £lOO per annum, payable during the lives of C, D, and E. At the death of the last survivor of these the annuity ceases ; but the purchase money is not thereby lost, since, in order to secure the return of the A'l,ooo the grantee may insure that sum at a moderate pre mium In an Insurance Once. In this case Ais the grantee and B is the grantor. As to an investment of money in this way, although the Legisla ture has limited the rate of interest to Ave per cent. on mortgage, and all ISMS for a fixed period, it has never attempted to regulate the terms of annuities between the parties, but has simply passed Acts to direct the enrolment of the deeds, and to secure the pay ments and the equitable protection of the rights of all concerned. The substance of the Acts formerly passed on this subject is embo died in the Act 113 Geo. 111. e. 141, which has been further ex plained by the Act 3 Geo. IV. e. eit. Prior, however, to the former of awe Acts being passed, many Insurance Companies obtained private Acts for this purpose. Since that period all purchases of amindtlee have been effected on the authority of the General An nuity Act. By the law of the land, therefore, any sum whatever, which par ties choose to agree upon, may be legally secured foe any period de- Mt%an the contingency of one, two, three, or any number of the lost survivor of them. 1 _ _ _ tiring the last war, the usual annuity granted for the sum of 1,0001. was 100 L a-year, or ten per cent. and where, from the na ture of the security, It was dependent on the life of the grantor, as much more was given as was sufficient to pay the annual premium for the insurance of the sum advanced, at an Insurance Office. By this mode, the person who advanced the money obtained an advan tageous return for its use, and was in no risk whatever of the loss of his capital ; for if the annuity was paid off by the grantor, then the grantee scalped his money back ; and if the grantor die d with out paying it off. still the grantee received it at the office at which it was insured. Experience has proved to the monied interest, that annuities o tingle lives, which can be insured, are highly profitable and advan tageous, as well as perfectly secure-to the grantees; but annuities granted upon freehold and other perpetual securities, without the es.• e of insurance, may be rendered equally, or even more profit ▪ and be mach more moderate towards the grantor. In sock came the annuities are usually granted to continue during the lifetime of the last survivor of three or more persons. The lives are selected by the individual purchasing the annuity, who natu rally chooses young persons of good constitution. That this latter mode of investment is very profitable can be clearly demonstrated, since it has been found by long and !marl. ails experience, that although a single life is of very uncertain de. Mida s yet in the case of three or more welleelected lives, the es. milky ceases, and an average hied period may be relied upon. This period is generally not less than 60 leers, but let it he alemeed to be only 56; by referring to tables of compound name liana he seen that it. per annum, implored at 6 per cent. will mum* in 56 years to 6674 16e. Hid. and therefore U. 10s. pet swum, regularly paid and improved at that rate, will in the ammo Ikea anDOUnt to 1,0051. 14% iled.lt I,OOOL be lent at 6 per cent.' htlensit,the individual who makes the loan obtains SOL a-year, and when the loan is repaid he receives back his 1,0001. bet if another penon lay oat 1,0001. in the purchase of an smoky of 531.105. per amons; payable for 56 years, be will have an equal advantage, for Übe lay by 31.105. a-year to accumulate at compound interest, it will, se has been already seen, in 56 years, more than replace the I,OOOL imested. If, Iheedere, a portion of the annuity be laid aside to form en atemselatiog fund adequate to replace the capital by the end of the ,__. expiration of the annuity, the remainder may be con siders,. as the sum given for the use of the mosey. Besides this aSeaslese, as the annuities are frequently paid of. the whole sum laid aside as an accumulating fund, at the paying of forms an add. ticsalsource of profit, by adding to the amount of the original capital. Bat if, instead of receiving an annuity of 531. 10e. far 1,0001. and none are granted so low, be receive 1001. per annum, then it is evident that not only at the expiration of se years he will obtain back his 1,0001. but every year be will immediately derive as ads vantage of 461. 10s. per annum, which he can obtain only by this mode of investment. It may, however, be inquired kg use psmine, doubt lull. 'ideals prefer to raise matey ffids eisthed es ON maeiss report, which, whilst it is to en 1111011 m, inset only he borders's, to the lbwsP 'lie di wain it fe ' .. there are amok and leigulam reasons, ha etldlrel to eke meseja i lit e r cent. for any gives Midi se ties774id= b inuty of end** kegs held slid espybeld asitraryn a blic both= raising Mem, by way sineleity. FeezalA s if a wise sem, by meeteelle. be cal* seam *NW beim eaned epos is repay it far mere els nasede s eeiras dm perdsslar eiremmusem—as for inisice, from its WV trill{ mseey. He is therefore plated at the mercy and taping of tin lender. The mosey he was of course in waft of, or be wadi* have borrowed it, and it nue be dank in so short a tints es tie months to repay k. It may have been expended in the inspnree-, agent of his estate, se im sock a spaded= that k may be a very unintoorshile tim e to adi his wuoe,ty When he VOW far a fresh lean be is subjected to moml difealty anti sespitise, ewe from the cirannstance el his estate being skeady nsertgepd for the very stun be is called ipso to pay di Hence it may be impos sible to obtain the mosey. and be offers the eonsequeseter which are net sefrequeetly Isle er foreclosure. Bat in the case of rub. log mosey by granting annuities it is ditheent ; for so law as the Grantor continues to pay the amity pasted, be cam* be called upon to pay ratite perches, mosey, although he way do so wiles he finds it convenient, upon giving a short notice, or paying a small dew Proprietors of Leasehold Property are, for like reasons, induced to prefer raising money by annuity to mortgage; and it also Ika quentiy occurs that they are unable to obtain money by at all, although the duration of their interest in the preneill ia = amply sufficient for securing the payment of the enmities they are willing to grant. • Proprietors of Shares its Beads, Casale, Bridge, and ether Pub lic Works of this nature, when they may deem it an nefseshnbla dies to tosil, an able to girt esod enmity ha an advance of Mosey Parishes are unable to raise money by mortgage, because they cannot give a power of sale, and can only grant a security on the rates from time to time as they come hi. It is also deemed inequ;- 1 table to lay the whole burden of defraying the expense of a church or other public object, the benefit of which is to extend over a long Periods upon the present inhabitants. They therefore raise money by annuity; and almost every local Act of Parliament directs or recognises this mode of obtaining money by parishes. The Proprietors of unincumbered but entailed 'Estates cannot raise money by mortgage, as they have only a life interest in the property. It is frequently impossible to cut off the entail, and sometimes a proprietor does not desire to do so ; hence, when money is raised, it Must be by way of anduity ; and such an annuity is granted as will remunerate for the use of the money, and pay the premium for the insurance of the life. In Scotland a large proportion of the land is entailed, and the entail bring perpetual, it cannot be cat off by any means. In that part of the United Kingdom all securities on land are registered, and take priority in the order in which they are registered; and the system- of registering is universal throughout the country, and is re duced to such a degree of sipaplicity, that it may at once be seen it any and what sums of moistly have been raised on the security of an estate. Such securities are therefore very desirable, andthe Bri thlt Annuity Company has already had applications from Scotland for money to a very considerable amount. AU persons deriving an Income for life or for lives, secured on land, by marriage sculement, attachable .peusiens front Govern. ment, money in the Funds, or other good securities depending on life. must, from the nature of such securities, when they rake flirt. ney, do it by way of annuity. As in such cau-s insurance is re quired, the parties raking the money must grant an annuity to such an amount as wiltinsure the n.oney advanced, and yield a rennin.. ration for its use. Good Irish Securities will also meet with the consideration of the British Annuity Company, wherever they are off-Ted in undis turbed and mercantile districts ; and the Proprietors will now have the opportunity, by means of this Company, of obtaining money on their estates, which they have hitherto been unable to procure, and at low rates of interest yet unknown in the sister kingdom. To prevent unnecessary trouble to applicants, it is proper to state, that this Company does not advance money in purchase of annuities on mere personal security, but only of annuities secured on property. It is therefore the opinion of the Directors of this Company, founded on investigation and evidence obtained from public ream*, as well as the best possible sources of private Information, that the Company will be enabled to invest the whole of its capital, and to divide annually at least from 6 to 7 per cent. besides leaving a fund for contingencies. For many years there have been annually ef fected and enrolled in London, on an average, 1500 annuities, be. sides those secured on freehold property and copyhold estates of larger annual value than the annuities granted, and exclusive sf annuities granted on land and other property in Scotland and Inn land. The sum so invested in the purchase of annuities within the last three years, and enrolled in London, has been from three mil. lions and a half four millions sterling. During this period, which has been a time of peace, the rate per , cent. obtained, after defraying Insurance where necessary, has bee• from 7 to 13 per cent. according to the nature of the securities; mil it is therefore confidently anticipated, that a great public Collerelly, transacting Its business on equitable term", will have such numerals offers as to enable it to select the most undeniable securities, and tet improve its capital more advantageously than can possibly be done by any private individuals. That the public wants strongly called for the establishment of such a Company as the present, is evidenced from the immense amount of business transacted in this way for many years past by private agents. There can, therefore, be no doubt that this Company, governed by fixed principles, will obtain the preference, and be able adore tageoudy to invest any amount of capital. Persons possessed at good securities may now fairly calculator's jest and liberal eoadnet, and au immediate advance of money as moo as the securities have been approved of by the Directois and professional advisers of the Company. This will prevent any unpleasant publicity to the trans action, incurred by application to private agents, who are under the necessity of offering the securities to numerous individuals, who aga in discuss them with their advisers, in order to find persons to the sum required. By applying to a Board of Directors, the transaction is made known to no persons, but confidentially; and only to them and their officers. Money, by this Institution, will be also advanced at a more mo derate rate, and the Grantors will be exempted from vexatious and exorbitant charges of every description. To the Proprietors of this Company, the Investments which they have made cannot tall of becoming advantageous. In the first place, it must be admitted that there is a greater advantage in in vesting money in annuities than in the public funds, in consequence of the present high price of the Stocks. The Three per Cents. are now not far from £lOO in the market ; and yet it is only eight years ago that they were about £6O; and in the event of a war, or of any other unfavourable political contingency, the Stocks may ra piailo £6O again. A person, therefore , who now buys into the Funds, will not only obtain a very low interest for his capital, but is subjected to the hazard of a loss of from 50 to 40 per cent. out his investment. This risk is avoided by investing in Annuities; for whether they be paid off by the Grantee,or whether he die and the money be received from the Insurance Office, the fall original capital is replaced. A person having a few hundred pounds, which he wishes to in vest in Annuities, will do it to the best advantage by taking 'Sham in a Public Company, as be cannot have such a competent know ledge of the business as to be able to decide on the eligibility of the securities which may be offered to him. The best are frequently foe large sums • and the benefit of these cannot be obtained, but by taking a S hare in a Company which is able to advance the money required. To persons of large property it is also more advantageous to in vest by the purchase of Shares, than in purchasing Annuities granted to themselves; for a Board of Directors, habitually en gaged in the consideration of Securities, must necessarily, from their experience, be able to judge of those offered them better than any individual. They have also the benefit of employing prase.' nodal men, who have bad much experience, and whose attention is exclusively devoted to this particular branch of business. If, alley it should on any occasion occur, that a security did not prove so good as was expected, the ines,beineemsally divided amongst a nu. memos Proprietary, would be little felt by any one, and would be anltyjecompensed by the Pro fi t en the other secu rities.c la also a convenience in holding Shares in a Public Com pany Investing on Annuities, which cannot be enjoyed by an indi vidual laying out his money on Annuities granted to hinuelf, viz. that when be has occasion for a sum of money, he has only to bring as many of his Shares to market as he may require, and sell them with the same facility as any other Stock. This he could not readily do with au Annuity, or part of an Annuity granted to him ergs and certainly sot without considerable delay, expense, investi gation, and actual loss. The selling of Shares, on the other hand, is a parkaly simple transaction, and they are at any time readily coovenible into en& A Proprietor disposing of his Shares may reasonably xpect to do so at a Premium, from their securing him regularly a good di- 1 vidend ; whilst an individual could not in any ease expect a Pre. mime on an Annuity granted to himself; as it is always liable to be paid off for the original sum invested, and there cannot be a cer tainty of immediately finding a new investment. But Capital in a Public Company. which will naturally have numerous applications, may be kept in constant operation. • seso share will consequently be estimated by the Purchaser, net Inerely at aGEO, but as a security bringing in an Annual Divi dend irons £3 to £5 10s. and the value set upon it will be in pro portion. Hence, the price of suck Shares will naturally rise in the same manner as the Shares of other Public Companies which realise a similar advantage. The Proprietor's Private Property in the British Annuity Cora -1 parry will ant be exposed to any liabilities, as is the case in almost all the Joint Stock Companies. This arises from the nature of its operations. There are only two ways by which Proprietors incur liability...- Ist. to the directors; Yd. to the Public. Liability to the Direc tors is guarded against by the conditions on which the Company is formed and embodied in its deed of settlement. Liability to the !Nab& is avoided by the nature attic Institution Itself. Purchasing 'nankin, as already explained, is merely laying out money so as to bring in a larger return than by the ordinary tootle of loans. By the Acts of Pediment regulating the Purchase of Annuities, it le required that when the transaction is completed, and the deeds signed, the whole purchase-money, even to the last farthing, shall be paid down to the grantor. As investment of capital in making purchases is the ctely trans action which the Directors can legally effect, there Is no way by which they can contract any debts to subject their own property, and that of their Co-shareholders, to any liability, excepting for the rent of offices, salaries, and other contingent expenses of rnana.,•:-. mem. The 3e must always bear so small a proportion to even the annual income of the Company, that they cannot affect the capital, much less involve any of the private property of the shareholders. The expenses of effecting money transactions in the form of annui ties, as well as in the form of mortgage, are defrayed by the party raising the money. Hence the British Annuity Company will have no charges to pay to Surveyors, nor to the Solicitor and Counsel, for investigation of the title, and making out the deeds.. As to the constitution of the Company, its affairs are governed by eighteen Directors ; and as the present Court is reduced in num ber by death, resignation, disqualifications, or other causes, new ones will be elected by the Proprietors. Five Auditors, from the great hotly of Proprietors, are also elected by theM• and as any of the present number die, resign, or become disqualified, the vacancy will be suppli-d. As to the calls which will be made for future in stalmentsi whilst they will be made as frequently u the demands of the Public, and consequently the prosperity of the Company re quire, yet the convenience of the Proprietors will be consulted, not only as to the amount, but also the periods of payment. How ever it cannot be ton distinctly enforced on the Proprietors of this Company, that whilst in Insurance Companies their prosperity is indicated by only one call being made of a small amount, in this Company its prosperity will be best evidenced by the directly op posite effect ; since, in proportion to the demands of the Public for money will be the amount of income • and if that amount be large, and the Income proportionate thereto, the dividend to the shareholders will be greater, because the expense of the lostitntion will be nearly stationary. To the Public this Institution will, it is hoped, be of considerable advantage. When a person who possesses an estate or property in any part of the United Kingdom desires to obtain an advance thereon by way of annuity, Instead of being obliged to travel to London, perhaps front a distant part of the country, at considerable inconve nience, he will merely have to send to the Secretary of this Com pany for a printed form, which will be supplied gratuitously, indi cating the nature of the property, the sum required, and such other particulars as will enable the Court of Directors to consider and de termine on the business. If the general nature of the security be approved, the Surveyors of the Company will then be deputed to survey the property, provided the security offered be of such a na ture as to require it, and the expense of the survey will be borne by the person applying for the advance. If the report of the Surveyors be satisfactory to the Directors, they will then notify their satisfac tion to the applicant, and the abstracts of his title must be forwarded to the Solicitor of the Company, who, with the Standing Counsel, will investigate the same. If the title be good, the deed will be pre; pared, and the affair completed with certainty and expedition ; but if the title be bad, then the expense of the Investigation must, as usual, be borne by the proposed grantor. By this simple and intelligible process no unnecessary delay will take place;—the Shareholders will be protected from all charges which they ought not to sustain—and the Public will be benefited by an advantageous and speedy supply of capital on eligible terms. As the business proposed to be transacted by this Institution must frequently come through the hands of Solicitors, pointed forms will be supplied at the Office, and the Directors will be happy to re ceive proposals to any amount, and will at all times afford every ex planation and assistance requered. JAMES MITCHELL, Secretary. 36, New Broad -street, London, July he, 1844. ON SALE, SHARES in the Wilts and Berk, Monmouth, Dndley, Grand Junction, Huddersfield, Rochdale, Loughborough, Mel ton Mowbray, Leicester, Leicester and Northampton, Thames and Medway, Grand SurrerZ f an o : Union, Portsmouth and Arundel, Ellesmere, Leeds and I, and Regent's Canals. London, East and West ndla, and Commercial Dock Stock. Severn and Wye Canal and Railway Shares. Grand Junction Water Works. Guardian Insurance Shares. Chartered, City of London, and Imperial Gas Light Shares. Apply to EDMONDS and WOLFE, No. 9, 'Change-alley, Corolla S 21 tc tl I a a I ti a • IRISH NOVEL, BY AN UNKNOWN. This day ♦aas published, in Three Volumes, lama price One Guinea, in boards, CAPRICE; or, ANECDOTES OP THE LIS TOWILL FAMILY. AU made of fantasy, • " All nude of pasolono, sad 111 amide of wishes." Lambe : Primed for ilkarmad, Jaws, and Co. Paternoster row ; wai C P. Azikher.t.Debia. LONDON REPOSITORY for the CABINET-MAKERS' SOCIETY, for every Deseripden of CABINET FURNI TURE, FEATHER-BED and MATTRESS MANUFAC- T(5111, No. 7i, Garner of LEADEN HA LL-STREfli,Lon don, opposite Altlrate Pump. RZADT MONZT ONLY. THE Society of Cabinet-Makers respectfully inform the Public that they still continue the above Establishment, for the Benefit of Industrious Mechanics who have large Families, by offering them Manufactured Articles in the Cabinet Line s of th e best Workmanship, and Cheaper than any Rouse can do in Londoo there being no other Profit required on OA Goods but the bare home and other eipenees; at the same time will be sufficiently sada. fied with having constant employment for themselves and families. This Society was established in June, 1818, consisting of ID I Mechanics, adding the number of their Wives and Families, amounted to 66. The total Number now receiving Support through the Means of this Establishment Is 125 Mechanics ; adding the number of Wives and Children, 625. The Society and their friends beg leave to return their shim* thanks to those Ladies and Gentlemen who have hitherto honoured them with their Orders and Recommendations, and ,hall always feel happy in their endeavours to give future satisfaction; at the same time solicit a continuance of their benevolence, whereby they may be enabled to increase the number of the Society. The following Articles are inserted as a Specimen of the very Lew Prices, all warrantedrßeady Money only. Full size Mahogany four-post Bedstead, lath bottom 43 14 — Full size Tent Bedstead £1 6s.—Bordered Halt Mattress to k 41 ls.—Mahogany Drawers, solid Ends 43 Ise—Feather Bed £2 10s.--Ditto, free from dust sod until, full size 43 114-84 japanned Chairs of any desuipdos is all AI 6a—Best ditto Wash hand Stand 16s.—Ditto Dressing Table 14—Hearth Rugs 345. —3 feet 6 inches, Chests of Drawers £4 41.—Three feet inalsogisy Pembroke Table £1 114—Three foot ditto on pillars and claws 43 14—Mahogany_ Dressing Table £ l.—Ditto Bides, best fl 4.—Ditto Boa Glass, two drawers, best British Plate Us-- Ditto ditto Al ft.—Ditto Swing Glass, large size, commode 38. — Ditto ditto 4s.—Ditto ditto 4—Ditto ditto 1113.—Tray Stand 7s. —Long Mahogany Tray 121.--Japanned Book Shelf ft.—The Caddy 10s.—Musk Chairs, any pattern Ss. 6d.—Eight Mahogany Chairs, covered Is ith hone hair, brass nailed 46 4—S ditto ditto 155.--11 ditto ditto 47 Trafalgar ditto 46 Is..—Ma hogany Sofa to match £6 10s.--Ditto Couch £7 14—Ditto ditto 28 14—Set of Mahogany Card sad Sofa Tables, on turned legs, banded in rose-wood RS 158.—See of Mahogany Tables, two Card and Sofa, on pillars and claws 414 114—Ditto, the best that can be made—to order or pattern 416 14—Straw Palliasse Xi 1& Tent Bedstead and Furniture £3 15s.—Bamboo Bedstead and French elliptic top, with drapery and fringe, 43 108.—Five-toot Mahogany four-post Bedsteadaod Furniture, with French draperies, lined all through, complete, £l5 14—Fire-foot ditto ditto, 416 iSa.—Ditto ditto, with cornice of a superior make, LII 10s. —Ditto ditto, with gold cornice, elegant drapery, £2o.—Drawlng room Curtains, of the best Marine and Chintz, fitted for windows, of work, £lO 114--Drawing-roons Sofa , £ 6 6s.—Ditto, ft.—. .16 as.—Dino ditto, 4.7 76.—Ditto, of a superior and elegant style ad.—Common do. 4s. Ditto," ft.—Hone-hair Cushions each 5 a- W. THURNELL, Apo. COONTSY DIALEIII SIIIMPUICR ' G oo d s p o d i a f ree of expense, esee/t tie materials, and-swab all parts of Great Britain, and to the Bass and West tains fitted out s and Merchant" 'applied with Cabinet ind Oboes C t Exportation. Apartments Forolsbed at a few hours' soda, aM Meow to two of hitt dam . - 141 II