Star. — London, England, 1824-08-12 00:00:00

' • • . • NN N 11, • / " w, ' 444 4.. • - k :;, •• • ••!.. • • , „ ; * • ' m?.• - *0 4 • • . - , _ 1 Ni 1 411.:# 7; ) 1•; PAT • 11 • • • : 116-1 1. 4111 • -at.- ICO • I l i P II ? I Pr " i.• . 1 Aft. • - . • . ;~ _ ~ .. ~ .S •i ... EtiOIT-1101 . .. HOWIE, rho& 11, tO24:' rpm CO Ma . 9 1 . 11:411ZECTORS of the 1.11111E . R COMP.! AY of MERCHANTS of ENGLJNA tro4l‘ll. the EAST INDHIS, de herehy give Notice, That a QUARTERLY . GENERAL COURT of the said Company win be ludd at . their Dorm i Leadenball-street, on WEDNESDAY, the S2d September next, at Eleven &Clock in 'the Forenoon. JOSEPH DART, Secretary. LONDON,. RAMSGATE, AND &ROA DST AIRS, STEAM-PACKETS. THE ROYAL - SOVEREIGN and CITY OF . LONDON, One cf the 'best Vessels wilt start from the Cusrot,lfotisz SrAtanit, I..ondan, every ?Itlf);11:AT, WpArCSDAY, THUASDAY, and SA. ruiDAY, at Eight o'Clock In as: Morning, and . return trona Bildt** the Wine Thysios Ha/float Seven precisely. Esau—lust Cabin, IQs.-Fore Cabin. 10s. ClilldfasxiMerTwilre ears Old, Spilkn¢p eaeb.. . Zbe Prorictors orin bi aawtambit Oissa, or. itef Par cell take. 'by Pasasagers. •-• • 17 .. . • N.B.—Patietigeirean eft on board Rom %mutate Pei or land there at all times, 4, vitbbut "dug into a, or they tray be landed at, or takes On board off. Broad - stars, PPek of Expense. 0- A Petnate to attend die. on Board. For further Partiiiil44 . and Tiikets for the Season, apply at N 4. 6t, Lower Thames::aircet ; of Mr. U. Underwood; 56, Hay market, London; add or tbe Once, r,' Goldantd-place, Ramsgate. IN ONE DAY. QWIFT and pO. solicit attention to the present Lot tery, in which the under Mentioned Prizes will be all decided ca s:h of October, viz. of £20,050 4 of £l,OOO 2 20,000 4 510 2 2.050 44 • from L 21.00 to SOO Besides smaller Prizes.—All Sterling Money.—Every Number oil! receive Five Pounds for a whole 'Dicket, and in propertiiin for all Shares, making an aggregate of Two Hundred Thousand Pounds to be obtained in One Day. At SWIFT and CO.'s old and fortunate Offices, No. 11, Poul try; 12, Charing Cross; and 31, Aldgate High-str*t, s Prizes to an inunense amount have been shared and sold. N.B. This is the Last Parliamentary Grant of Lotteries. TWO HUNDRED THOUSAND POUNDS IN ONE DAY ! T AND J. SIVEWRIGHT solicit the favours of 0 • their Friends and the Public in the present LOTTERY, at their old and fortunate Offices 37, Cornbill, 38, Haymarket b ii, Holborn, Corner of Coventry-street. The Scheme contains FOUR grand PriSes of X 20,000, wit'', 34 other Capitals, as under, besides smaller Prises, and prbsents the •ancommomadvantage of nor staviwo • sixcLl &aux, as every Number is sure to receive Five Pounds at least. All the Prises will be drawn, and every Number decided in One Day, sth Oe ober nest, viz. 2 of ,e 20,050 6of 5£2,050 and 1,000 . 2 - - 20,000 44 MOO, 200, and 100 J. and J.ffivewright Shared and Sold the following Capitals at their fortunate Offices In the last Lottery, viz. 17,745 - 3,859 se24: , 5,374 £2OO 4,703 • 10,127 YOO 90Q 15,987 20200 18,530 stOe szus.t,vvo owning pacincy I Four of 420,000 Money! • . 34 other Capitals, aU Money! • • •• AU to be decided in One Day! 6th of OCTOBIII next ! BISH, of the Old State Lottery Offices, 4, Corn• JL • bill, and 9, Charing-cross, respectfully reminds his best Friends, the Public, that in the present Lottery there will be Ni) SUSPENSE,as every Number will be decided on the 6th October `, en which day Foua 4'90,000 Prizes must be drawn, and the Sum of £200,000 all distributed ; and notwithstanding the number and amount of the Capital Prises, there are abodutely NO BLANKS, as every Ticket will receive £5, and &bares in proportion. BISII has now a selection of Numbers on Sale, at his Old and Fortunate Offices, 4, Cornhill and 9, Osaring-cross, where Three 40,000 Prizes were shared and sold is the Last Lottery; 5.299 in 10 Shares £20,2001 11 , ,618 in 11 Shares £20,500! 19,112_, a Whcile Ticket L'20,020! Resides others of £l,OOO, £3OO, s4c. Sbares of which were distri. bated througimut various parts of the Kingdom, by BIS WS Agents V' It should be recollected, that the Act under the sanction of which the present Lottery is to be drawn, is the last that will be introduced to Parlianient, and that when the year's Lotteries are &awn, the system will eiatirey discontinued. LONDON NEWSPAPERS, at Ore following reduced Prices, sent to any part tit the United Kingdom, postage free, by W. P. POPE and Co. General NeleiPayer and Advertising Agents, 13, Earktreet, Elaeldriars, Londdn't—baliy Papers, X2' ss. 6d. per quarter; Three days a week Papers, CI 2s. 9d. ditto; Weekly Papers at equally reduced prices. - Papers supplied an the :Dore terms to tie paid for Quarterly. An letters to be post paid, tad to be accompanied with a reference in town for payment. N.B. A liberal allowance made to the Country Trade, and to IC.rart Rooms. (IHAlth,)rB WIIIGHT, Wine-Merchant to the Royal %- 1 Family, nest to the King's and opposite the Haymarket Theatre, Opera Colonnade, Haymarket, London, has now on ALE the , finest OLD PORT, 365. per dozen ; superior 41 1EltRY, 365. per dozen; and CAPE MADEIRA, 16s. per Om, by way of sample. Two dozen of each of the above Wines till he well packed In an excellent Sherry hogshead, bottles in t Wed, by a remittance of 210, or half that quantity in hamper, !et 25; or Six Gallons tine poirr, from Pipe, vintage 1820, in (ask, casing, &c. included, for ,L 5 ; or Six Gallons superior iIIERRY, Cask, &c. for 25 ; or Fourteen Gallons excellent CAFE M4DRIRA, Cask, Ste. for £5. 11AllEt WA, VIDON lA, CA ECAVELLA, LISBON, ?IGUNTA IN, &c. 425. 'per dozen. Just landed (G. PIUS), fHAIWPAGNJE, vintage 1818, hrst quality, warranted, $4 42- N:docie. MARASCHINO, 15s. 6d. per desk. • Just imparted. ftnitEliCß OIL, cases of thirty Basks, LR its. or Is. Bd. per . Salk, UM COG k V 4C BRANDY, Ws. 6d. per gallon ; RUM,ISs.Id. CHAELES*WEIGHT has contracted with G. PRIS, - Grower ti CHAMPAGNE, of Aviie, near Epernay, • France, for the e•s,le growth rot his Wines, now landing; some of the esteemed Mirag e 18.4 Ast high mantling condition, at 841• per dozen, price aad quality staaqsalled in E.tgland ; CLARET. St. Julien et la 4 'e, Os. per own ; HERMITAGE, 31.5. BURG LIkIHY, first 1;144, 103. BA.VaSAC, SA U'IE and • G RAVE. Oa. per and all other Wines, &c. in proportion. Jth Vine ROI N IIUEGLI ALE, 12s. per dozen. Letts,, Laming remittances, post-paid (qo unpaid letters will be received), will be immediately attended to, P. S. Fine DEVON CIDER, Is. 6d. per doz. (by two dozen.) MiCOVREY FOit 'PUE CCEE OF CANCER!!'. IT must be a great consolation to those who ale with Cancer Glandular Complaints, and indurate to know that the! ANTI AIONIAL OIL, discovered by Li: Lt.: Dr. Morryat, a short tiine previous to bis derph, and to he a certain cure for the abore costslaintr, it APPlied in and a palliation in confirmed Cancer, Is now * care(ullY pre p4rs from the original Receipt, iy a private Genil*an, and sold b.rtitc at 11s. and ass. each, with full directions for uss, by his Atty a , flortifs', Chemists, Isl.o. 4, Ch.a.de, St. Paula, 1 414 litognt...itreet, near the Argylz Rooms, Landon , Water- Edinburgh ; and SackVille-streee; Dublin;' and by . the Men.ace Venders throughout the kingdom. . • • apphcatton of thisinialutable remedy, in every case where iertitre the .li g h test a p pearan C e or ap i r eli e i s i on o f C a n ce r, i s mos t . 4 nly adri , ed, iu w.der to arrest at unce the dangerous progreis ;IS rtfects, and prevent the painful sod inn frequent ue 'tMit of tee 1 3 cases of Broschotele, assay called the 11/irbysbire Neck, the 2rwomai. On. is held in the highest eatinutitou, as being pens tEcacious. GREEK GRAMMAR. • trice 84. Bvo. boards, • G REEK GRAMMAR, translated from theterman of IMIlLI? REITTMA NI% Professor in the University of Berlin. ..bard Prix Ilish Holborn. This day was published, is 14nto. price 7s. boards, T HE ART OF FRENCIj COOKERY. By A. B. BRA UVILLIF.RS, Restaurateur, Paris. Printed for Longman, Hurst, Rees, Orme, Riown, and Green. The Author of this work is the celebratedliestaurateur in the Rue Richelieu, in Paris; whose object, after forty-four years expe rience, is, by the present publication, to enable Cooks, Confec tioners, or Amateurs, with the astistance of the commonest Cook, to make a great display and excellent cheer, by the simplest aid most economical means. ELMES' DICTIONARY OP THE FINE ARTS. On the Ist of August nett will be publisbed,• price 4s. and to be continued on the First Day of each succeeding Month, till corn. pitted, Part I. of AGENERAL and BIBLIOGRAPHICAL DIC TIONA RN' of the FINE ARTS; containing Explanations of the principal Terms used in the Arts of Painting, Sculpture,' Architecture, and Engraving, in all their various branches; Histo. deal Sketches of the Rise lad Progress of their different &book Descriptive Accounts of the best Books, and. Treatises on the Flee • Arts; and every useful, topic.connected therewith. . By JAMES . EUMILS, b1.11.1.A. Architect. This Work will consist of Six Parts, which. Including an Index, Preface, Etc. will form one handsome volume in Bvo. - Chiswick Printed by C. Whlttingham, for Thomas Tegg, Cheapside; and sold by all Booksellers. ~ -- N _ ---•- - SHOOTING, FISHING, and RIDING JACKETS, and TRAVELLING CLOA KS, of FOX and Ca's PA. TENT MOHAIR GAM BROONfi, 28, King-street, Covent-gar den, may be daily seen, both plain and twilled, making up to the or ders of the Nobility and Gentry, which they warrant to be much supe rior in every respect to, and cheaper than, the plain Cainiets, or the twilled Imitations in Wonted, and possess more desirable requisites for the Field and the Road than anything yet invented t which has been confirmed by ten years' experience, upon comparison with all other goods. That the incautious Purchaser may not be imposed upon, and Patentees consequedtly injury In their reputation, their goods are all stamped on the back, " Fox and Co.'s Patent Mohair Gam broons, 28, King-street, Covent-garden, next door to the West minster Fire -office." SOCIETY for the DISCHARGE and RELIEF of PERSONS IMPRISONED for SMALL DEBTS: Craven-street, &rand, Angtist 4, 1924. r IBENEFACTIONS SINCE THE LAST REPORT, VIZ. .c. s. D. The Trustees of Bishop Andrews's Charity, 40th Benefaction - - - The Administrators of llugh Burgess, Esq. sixth Benefaction - - W. W. Pepys, Bart. per Messrs. Hoares i. Bevan, Esq. - - S. Gooch, Esq. per Messrs. Hoares • . R. H. Brown, Esq. . David Tennant, Esq. . ELM. . - R. P. per Messrs. Hoares K A. per Treasurer 110 0 0 100 0 0 A. 5 5 () 20 0 0 A. 5 5 A. 2 2 0 A. 2 0 0 ••$ 0 0 .1 0 0 S 0 0 • £253 10 0 1 Discharged and relieved from various Prisons 104 Debtors, for the sum of 479 IS 4 Considered the Cases or . 4t p etitioners, Approved - . . 29 Referred for Characters - Rejected - . 5, and Considered Inadmissible 6. • Senefactions are received by John Camden Mild, F.sq. the Treasurer, Cbeyne-walk, Chelsea; also by Messrs. Herries, Far quhar, and Co. St. James's-ktreet ; Messrs. Hones, Fleet-street; Messrk. Whitmore and Co. Lombard-street ; Messrs. Cocks, Cocks, Ridge, and Co. Charing-cross ; Messrs. Dorrien and Co. Fineb,l lade, Cortliill; Messrs. Hinilikerskys, ; Messrs. Veres, Ward, and Co. No. 77, Lomdminisatniet ; and by Mr. Grassi4 the Secretary, N 0.7, Cray Strand, where the Books may be seas by those who are m support this Charity, and *bat til etVirrt Milisalk*lgmbinsday in October next. BRITISH ANNUITY COMPANY, FOR THE PURCHASE OF ANNUITIES SECURED ON PROPERTY IN GREAT BRITAIN AND IRELAND. CAPITAL THUM MILLIONs, IN WATT THOUSAND SHAKES Or PUTT POUNDS RAM Established under the Authority of as Act of Parliament, June 21, 1824.—Office, 36, New Broad-strett, London. mascroar. Prrza Moons. Esq. M.P. dhairme.. S. B. M. Baaaitrr, Esq. M.P. Deputy Chairman. Nicholas Denny*, F.aq. Samuel Page, Esq. Lieut.-Gen. Sir Butane Doubt's, Colonel Palmer, MW. K.C.B. Nathaniel Wm. Peach, Esq. Major James Jones Hon. William Powlett, M.P. R. Lane, Esq. A. A. Sorters, Esq. George Magnus, Esq. Colonel' arbt , M.P. John Mendham, Esq. John Main, Esq. William Newman, Esq. AUDITORS. Henry Clarke, Esq. I John Honor, Esq. Burnse Davenport, El. u av id miL, ll4 E sq. Timothy &AWN Power, Esq. BANIUMS. Sir William Kay, Bart. Price, Marryat, and Coleman; Sir John Perring, Bart. Shaw, Barber, and Co. Secaersar—James Mitchell, Esq. A. M. STANDING COUNSIL—SamueI Girdlestione, Esq. Sortaroa—John Willis, Jun. Esq. CONSULTING Suaoross—George Buckley Bolton, Esq. and Bewicke Lynn, Esq. Suaysrom—Joseph Gwilt, Esq. Edw ard l'anon, Esq. and James Savage, Beg. Tins COMPANY has been established under the Authority of a special Act of Parliament and Deed of Set tlement, for the proutatdc investment of Capital in the purchase of Annuitiei, secured upon freehold, CopyhOld and Leasehold Es gates, Alone), in the Government Funds, Pari sh Bonds, Turnpike Toll's and• other eligible Prbperty. The suture of annuities not being generally understood, it may be desirable 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 depotniqated the Grantee, inconsideration of a sum of money paid by the latter to the fcirritcti as the purchase-money for the duty. This annual pay went is made during the life of one or more Individuals aimed by the srantie, and on tisi extinction of the last life the annuity ceases. Atm, A haystO B At;Obb as the purchase of an annuity of Alb& per annum, payable during the lives of C, D, and E At the dnatli , of the last survivor of these the asininity ceases ; but the persdifile. money is nor thereby lost, since, in order to secure the retain of the £l,OOO the grantee may insure that sum at a moderate prur . alum in an Insgrince Ofßce. la this case &is the grantee and B is the grantor. As to an investment of money in this way, although the Leg*. sure has limited the rate of interest to five per genii on incirtgagey anti all loans fora fixed perrad, it has newer atgaslcal redulaCo 'the terms of annuities between the pasties. but has pimply passed Arks to direct the enrolment of the deal% Mid to 'IOW, the pa ;ascots acrd the equitable protection of the 44tta of all concet • iThe substance 94 the Am inctiefir PaewSl• 00 ais subject. 4-e4 l * cited in'tbe Act 4 , 4 Gas% ILL a. lit./ _WA b 44 11/04 plailw4 by the Act * GNI). tst. G. 90. ; Mor s /slower, to lbe of those Acts being passed, litany lalitaa94 4.p ilte o private Acts for this row. 64ate sitat•peßiost aunaittes have Lem termed oh glko **Fie' RI *V. , I nuity'AGlO By the law qt le ► thaetere, aqSM grist NM( fait 11,696.] Tn SOAY, ApyrsT 12 1824. Ces choose to agree upon, may be legally esetred for any period de pending on the contingency of one, two, three, or any number of lives, or the last survivor of them. ' • During the last war, the usual annuity granted for the sum of 1,0001. was 1001. a-year, or ten per • cent. and where, from the na ture of the security, it was dependent od the life of the grantor, 'as Much more was given as was sulicient to pay the enduel premium for the insurance of the sum advanced, at ao Insurance Office. By this mode, the person who advanced the money obtained an ethane, Orgeous return fur its use, and was in no risk whatever of the losi - of his capital ; for if the annuity was paid off by the grantor, then the grantee received his money back; milt' the grantor died with out paying it off, still the grantee received it at the cage at which it was insured. • Expetieuce has proved to the monied interest, 7 this annu•• ides on single live., which can he 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 expense of insurance, may be rendered equally, or even more profit , able, and be much more moderate towards the grantor. In such cases the annuities are ustuilly 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 person: of good constitution. 'Bat this latter mode of investment is very profitable• can be clearly demonstrated, since it has been found by long and invari able experieiscic that although a single life Is of Cory ineertaindu ration, yet in the ease of three oe male* Wlldieolieeted lives, the Ca sualty ceases,. sod an average fixed period may be retied upon. This perbid is generally, not' less than 60 years, but let it be assumed to be only 56 ; by referring to tablet of compound interest it will be seen that 11. per annum, improved at 5 per tent. will amount in 56 years to 2871. 16s. 111t1. and therefore 31. 10s. per annum, regularly paid and improved at that rate, will in the same time amount to 1,0051. 14r. eed. If 1,0001. be lent at 5 per cent. interest, the individual who makes the loan obtains 501. a-year, and when the loan is repaid be receives back his 1,0001. but if another person lay out 1,0001. in the purchase of an annuity of 531. 10s. per annum, payable for 56 years, he wilt have an equal advantage, for if be lay by 31. 10s. a-year to accemulite at compound interest, it will, as has been already seen, in 56 years, more thus replace the 1,0001. invested. If, therefore, -a portion of the annuity be laid aside to form an accumulating fund adequate to replace the capital by the end of the probable expiration of the annuity, the remainder may be con sidered as the sum given fbr the use of the money. &sides this advantage, as the annuities are_frequently paid off, the whole sum laid aside as an accumulating fund, at the paying off forms an addi tional source of profit, by adding to the amount of the original capital. But if, instead of receiving an annuity of 531. 10,. for 1,0001. and none are granted so low, he receive 100/. per annum, then it is evident that not only at the expiration of 56 years he Will obtain back his 1,0001. but every year be will immediately derive an ad vantage of 461. 104. per annum, which he can obtain only by this mode of investment. It may, however, be inquired by some persons, why should indi eiduals prefer to raise money by this method on their estates and property, which; whilst it is advantageous to the Grantee, must deftly be burdensome to the Grantor? To this question it is replied, there are ample and important reasons, in addition to the' difficulty of procuring money at 5 per cent. for any given length-of time, which induce many individuals possessed of undoubted free. hold and copyhold securities, as well as public bodies, to prefer raising money by way of annuity. For example, if a Gentlem* raise money by mortgage, be cannot generally be secure against being called upon to repay it for more than sit months, unless un der particular cirgeimstances--.as for instance, from in being trust , money. He is therefore placed at the mercy and caprice of the lender. The mosey be Was of course in want of, or he would not have borrowed ft, and it may be difficult In so short a time u six months to repay it.. k May have been' expended in the improve ment of his estate, oe in such a speculation that it may be a very unhsvoerable time to .aeU his property. When be applies for a fresh loan he is subjected to unusual difficulty and suspicion, even from the circumstance of his estate being already mortgaged for the very sum be is called upon to pay off. Hence it may be impos sible to obtain the money, and he suffers the consequences, which are not unfrequently sale or foreclosure. But in the case of rais ing money by granting annuities it is different; for so long as the Grantor continues to pay the annuity granted, he cannot be called upon to pay off the purchase money, although he may do so when be finds it convenient, upon giving a short notice, or paying a small fine. Proprietors of Leasehold Property are, for like reasons, induced to prefer raising money by annuity to mortgage ; and it also fre quently occurs that they are unable to obtain money-by mortgage at all, although the duration of their interest in the property may be amply sufficient for securing the payment of the annuities they are willing to grant. Proprietors of Shares in Roads, Canals, Bridges, and other Pubs lit Works of this nature, when' they play deem it an unfavourable time to sell, are able to give good security for an advance almoner by way of annuity, to such an extent as the value of their shares will cover. Parishes are unable to raise money by mortgage, because they cannot give a pourer of sale, and can only grant a security on the rates from time to time as they come in. It is also deemed inequi. table to lay the whole burden of defraying the eapense of a church or other public object, the benefit of width is to extend over a long period, 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 out off the entail, and sometimes a proprietor does not desire to do so ; hence, when money is raised, it must be by way of annuity; and such an annuity is granted as will remunerate for the arse 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 being perpetual, It cannot be cut 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 simplicity, that it may at once be seen if any and what sums of money have been raised on the security of an estate. Such securities are therefore very desirable, and the Bri tish Annuity Company has already had applications from Scotland for mofiey to a very considerable amount. All persons deriving an income for If. or Tor lives, secured on land, by marriage settlement, attachable pensions from Govern ment, money in the Funds, or other good securities depending on life, must, from the nature of such securities, when they raise mo ney, do it by way of annuity. As in such cases insurance is re quired, the parties raising the money must grant an annuity to such an amount as will insure the money advanced, and yield a remune ration for its use. Good Irish Securities *ill also meet with the consideration of the British Annuity Company, *berme they ere offered 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, tbunded on investigation and evidence obtained from public records, 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 dnhually 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 eidee those secured on freehold property anti copyhold estates of larger annual value than the annuities granted, and exclusive of annuities granted on land and other property in Scotland and Ire land. The suns so invested in the purchase of annuities Within the last three yetirs and enrolled in London, has been from three mil lions and a hal f four millions sterling. During this period, whieb hat been a time of peace, the rate pet .nettaabrairetd,after defraying ' Insurance where necessary, has been 1 from 7 to 13 per case mcordieg so the nature of the securities ; and ail ii ;heiefiire coadently'arititipited, that a great pubile Company, !minicietinselts business on equitable terms,willbare such nuthertius kgets as to !usable it to seOect the Ur4t undeniable securities, and to Itniroie its capital snore idiratttagedttsly than Can possibly be dun bfutly ptilatelndletenals4 that the Iwblic wants atrongly called for , the establishment of folds a Uumpeny as the present, Ti esidiiiceirfrnm the immense - •••• " a. • .1.4.••• •%, ledge. of the business as to be able to decide on the eligibility of the iecurities which may be infixed to hint. The best are frequendy for large sums; and the beifefit of these cannot he olrained, but by taking a Share In a Company which is able to advance this • money required. To persons•of Liege 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 chair experience, be able to judge of those offered them better than any ndividual. They have also the betieht of employing profes sional men, who have had much experience, and whose attention is exclusively devoted to this particular branch of business. It, also, it should on any occasion occur, that a security did not prove so goodies was expected, the loss, being equally divided amongst a nu merous Proprietary, would be little fett . by any one, and would be amply recompensed by the Profit on the other securities. There is also a convenience in building Shares In a Public COOS. pany Investing on Annuities, which cannot be enjoyed by an indi vidual laying out his money on Annuities granted to himself, vie r that when he has occasion for a sum of money, he has only to bring as many of his Shares to market as he may require, and them with the same facility as any other Stock. This he could not' readily do with an Annuity, or part of an Annuity granted to him- • /elf, and certainly net without considerable delay, expense, investi gation, and actual loss. , The selling of Shares, on the other hand, is a perfectly simple transaction, and they are at any time readll j convertible into cash. A Proprietor disposing of his Shares may reasonably expect to do so at a Preinium, from their securing him regularly a good di "idea(' ; whilst an individual could not in any case expect a Pre- Mimi on an Annuity granted to himself; as it is always liable to be " paid off for the originarsum invested, and there cannot be a erre tainty of immediately finding a new investment. *tut Capital in a • Public Company, which will naturally have numerous anplicasiuns, may be kept in constant opera/ion. A £5O share will consequently be estimated by the PmAtater, not merely at 450, but as a security bringing in an 'Annual DIA. dead from . 13 to 13 10s. and the value set upon it will be in pro.. portion. Hence, the price of such Shares will naturally rise in the sante manner as the Shares of other Public Companies which realise a similar advantage-. The Proprietor's Private Property in the British Annuity Corn. pany will not be exposed to ally 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-e. Ist. to the Directors ; 2d. to the l'oblic. 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 Public is avoided by the nature of the Institution itself. Purchasing annuities, as already explained, is merely laying out money so as to bring in a larger return than by the ordinary mode of loans. By the Acts of Parliament regulating the Purchase of Annuities, . it is required that when the transaction is completed, and the art': • , signed, the whole purchase-money, enen_ito the last farthing, 111111 be paid down to the grantor. . . As investment of capital in making pirchasei is the only trans. action which the Direittirs can legally effect, there is no way by *Melt they can contract my debts to subject their own property, end that of their Co-shareholders, to any liability, excepting for the !tut of offices, salaries, and other contingent expenses of mana ge.. went. These must always bear so small a proportion to even the annual income of the Company, that they cannot affect the eapital, much les* involve any of the private property of the shareholders. The exaenses of effecting money transactions in the form* of annul. 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 Coure.el, for investigation of the title, and making nut the deeds. As to the constitution of the Company, its aff Ors are governed by eighteen Directors; and as the prelent Court is reduced in tim ber by death, resignation, disqualifications, or other causes, new ones will be elected by the Proprietors. Five Auditors, from the great body of Proprietors, are also elected by them ; and as any of the present number die, resign, nr become disqualified, the vacancy will be supplied. As to the calls which will be made for future in. stahnenta, whilst they will be m ide as frequently as 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. Hoer. ever, it cannot be too distinct', enfon:ed on the Proprietors of this Company, that *hilt 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 he large, and she income proportionate thereto, the dividend to the shareholders will be greater, because the expense of the Inslitutidh will be nearly stationary. t • • To the Public this Institution will, it is hoped, be ofremidatahla advantage. When a person who possesses an estate or Own" is 'any part of the United Kingdom desires to obtain an advancetbrteon by way of annuity, instead "of being obliged to travel to Linton, `perhaps from a distant part of the country, at considerable inetinve-• science, he will merely have to send to the Secretary of this Cont. pany for a printed form, which will be supplied gratuitously, Lodi. eating the nature of the property, tine sum required,.and such other particulars as will enable the Cout tof 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 Ds ture as to require it, and the expense of the survey will be borne by the person applying for the advance. It' the report of the Surveyors be satisfactory to the Directors, they will then notify their satiifac. 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 he 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 Shareholder , win be protected from all charges which they ought not to sesrain--and the Public wilt be benefited by an advantageous arid speedy this I nstitution most As the business proposed to he transacted by r s upply of eap:tal on eligible terms. frequently come through the hands of Solicitors, printed forms will be supplied at the (Ace, and the Directors will be happy to r t .i cebte proposals to any amount, sod will at all times afford every ex., planation and assistance required. J .1I ITCH ELL, Secretary. 36, New Liroad-street, Lon .loa, July 19, • 0 ... v. • • : 4s~ ...~,: ~,; if] 0 4 ' . • ~! 0, :.: . ei• - .. -.:., . et, ••.-7 / ' :