The Express.
London, England, 1849-12-17 00:00:00

ITIONAL PROVIDENT INSTITUTION.

forkesth =Mal seittillir of the menthe?, if
wands* leek yhese em intesday at the London Tavern,
mga writ MOM tee tke mast nap in the dirreti
w espeamil. the attendance warnvery nweetwas and the
og
...o
li vie, elsray. The chair was takes at %wades
;;Oot by Mt. flawons. IDITCLOST LUCAS, who meted
Ti;osboot with emit Nelms and impartiality. Tog
owl raged stated ,
go the pad year 1736 policies of assurance bad been
s—se the wawa maims on which amount to
117-1-*. it.. 3d.. sod 225 ogaiii,,nal proposal. declined. The
stosei imam new 1100OSta to 151,9761. es 7d. The Wanes
oggim over the diebwamests is 77,2141. Ils. 103.,
imose. the capital stock ef the institution to tke finen of
97,14 L 0. Id , art in
ch is invested in reel awl gwernment
siggritirs. The sums des oar pelisse* of deemed members
ha ota year sanest to 460753 de. 64.. of which
119191.15.6 d. bite ben paid, and the rtme:tider, 19.1 W Is.,
IMewerve of payment. It 'ppm, that, if the deaths had
oloovel et die rate meemed in eompotieg the table of pre-
mium, dser• wallet., daring. the thirteen years, have nese
ease 627 policies, whilst tke deaths that hays really
;Wg have given rise to no move than 297 of inch claims,
kekeg Awl 43i pee amt. etch* estimated mirtelity."
lbe CSAIBM/L'i, 'Undies to the favourable pnitinn of
ge Imettetine, mid that so vivid hail hien its progreso, that
'Addend of foorteen tears lb, y found themmlves in pots
oubei of a espitsl stock of more than half a million sterling.l
(gat kid beard that the position of the institution
Tad sweated the marked attention of mare than one of the
elesublsked life musics companies. (Haul The
ritu.ino was eardled under the acts of parliament relating
to Madly
tsi ormietie., and the Chancellor of the Es/im
fedpel
hees asked by the repreuntativ. a of the life t)
modify these as to matviially affect the operations of the
rt..viaeat and other institutions. Tee members might rest
taw*, that, shouid any attempt of the kind be made, the
ditectote would take the hest meanares fur the de:once of
their privileges. (Cheers.)
Tee report was adopted, and the meeting proceeded to 611
lye fur vacancies in the B had of Director.. The gentle•
she recommended by the board were William Mil!ce
Cunt". Esq., and William Tyler, EA , whs.. retired in rota-
tion, but were eligible foe re elution, and John Breaery,
E.q., &a Thomas Cutle, EA in the room of J.Ain St
Babe. Es 9 , resigned, and William Caah, Evq , deeosaog.
la opposition to these, Mr. Charles Whtthato, ol Greet-
therch•strat, sea Mr. Bonstiad, were pr.•posed, and them
evue very warmly cuateetvd by their aection of the meeting.
Seeml gentlemen addreined the meeting amidst cow
siderablo uproar between the contending navies. At
keetli► a res-iltrion wse submiled to the effect that the
',mut of the travelling sameness of voters was a proxy en
irsulat with desire, and tenclinT much to injure the 'testi-

two..
otter much ari<v discussion, the resolution was pot sad
curia saaninsou•ly. Upon which
Mr. BALI—AM moved another resolution, declaring it to
be isconsi.tent with the in.erestsnf the insti;ution that tht
twid of downy, if a board, should, in any war•, by cir
vex or othe►wise, internals in the election of members to
seats in the direction. s
Tie CHAIRMAN mid he bad no objection to the
wb eh was aim put and unanimously agreed to.
jum,hitions srpointl,g cams, dlc., and granting the sum
of 1,5001. se remuneration to the directors, having been also
corded, the meeting adjourned until four o'clock, when the
skins wee derl.rol to have terminated as follows;
eve, MO; C.loe. 431; Bradbury, 430 ; Christy, 419;
Tyler, 401; Bmsfi,ld, 102. The tour first were. *pose-
questl, sleeted. Tits announcement that Mr. Whetham
was at the head of the poll was received with enthusisetie
eheerine. The successful candidates resumed {harks, sad a
vote of thanks to the chairman closed the proceeding•.

TYPOGRAPHICAL WIDOW, ORPHAN, AND

NOMINEE FUND.

Oa Sitarday eventeg last a public Meeting of
wespotiters favourable to the establishment of a Wil.l4)W.
orphan, Lad nominee fund, was held in the British School.
rum, Neville'r court, Fetter-lamb for the ourpoes of toting
into consideration the regulations and Inks prepared for tree
government of the crop:teed inetitution b 7 the pro,,w„noi
meami•tee wbich had been app tinted on a previous nec union,
end whose labours had been brought to • close. The meet-
tog was very numerously attended, and Mr. EIASTIWILL, of
the Daily Naos, was unanimously called upon to preside.
Ti. CHAIRMAN .aid he had often had ocrnsian to esk.
part in the proceedings of meetings which had in view
objects ainiiier to that on whisk they were new east salikd,
and be thought that every wanting mind must tel the
nrnernity of PL.m. scheme or plan like that now in eontem.
p:ation being acted upon. (Hear, bear.) The honorary
eserstary would read the roles, which, after much eiseassioa
sad coesidaration, lad been prepared by tae provision&
committee. Mter that, he (as chairmen) should submit
each rale striation to the meting for its adoption re
rejection.
Mr. JAMES LONGMAN (the honorary secretary) then
reed at length the roles as prepared by the provisiocal coin.
shim.
The CHAIRMAN then put to the 'seethe the flat nil*,
which was, " That the society shall be emitted the Metro-
politan Typegraphieel Widow, Ocphaa, and Nominee Fend,
eel that its object shall be to afford pecuniary mistime to
the widows, orpheas, or nominees of deceased members."
This ra e, kis almost needless to state, met with the ma-
SWIM apposes' of the meeting.
The CHAIRMAN having submitted the second rub,
"That the society be erenponed of comp chore of fair era
nets, wine have agreed sewn years to the husinern, Of who
ere otherwise entitled by psteimay, including also thorn
peatlemen whm are holding situations either as printers or
meters ; also reader* who hose not served an apprentice-
ship to the business always irevided that they meet with
epp-obstiou at tee committee in attendance fur the ad-
missies of members "
This and tile remaining rules were adopted. with a few vi rbal
weendmests, the principal of which were fining the amount
of subscription at 3d. per week, with Is. entrance fee, and gilt
ler the sum of 2W. at a meseber'a death.
The CHAIRMAN said the neat busineu would be to
elect three treater., and he was happy to say that Luke
Reward, Req., bad consented to become one, espressinuat
the same time the greatest interest in the society. The
mantel's Manlove suggested the appointment of Luke
Hewn& , Mr. John Chapman, printer of the M.res-
rno and Mr. Jackson, printer of the Morning
CLooicie.
The name of these gentlemen having been put to the
meeting, were carried by acelainatiom.
Mr. C. Cooke, cf the Morning Chronicle office, was
elected Treasurer ; and Mr. J. Lemmas, of the Morning
Herald, S. lottery.
Tee Provlaion.l Committee were re-anpoluted as the com-
mittee kr the ensuing year, with power to fill up any
escudo la their number from gentlemen cnneeud with
the hook department ; Mr. Hell, et Ty leer, and Mr. Mitchell,
of Hansard% being added to the committee.
Totes of thanks were then given to the Provisional Com-
mittee and the Chairman.
Tke CHAIRMAN, in acksowledging the almove, an-
nounced that the secretary would wo H
tend at the White art,
Caberine-street, ti;rewd, every Saturday night until further
lobes to enrol members.
The meeting then separated with three hearty cheers for
the proposed society.

SOUTH WALES.

The report of the committee appointed by the
shaesholden of this company at the half-yearly general
meeting in AusTust last has just been issued.
" Having given our best consideration to the affairs of the
South Wales Railway Compeny," say the committee, " we
have now to report to the proprietors that it is our una-
nimous opinion, sunp:rted by the judgment of all the many
enaperent parties whom we have consulted on the .abject,
that, under existing circumstances, any further expenditure
en that wart of your line to the westward of Swansea, would.
if the question could be determined solely on its own merits,
be waiteful and unwise in the extreme. Even if the Irish
railways, which were expected to bnnah traffic to the
western extremity of the South WCee line, had
not teen abandoned, we apprehend that, looking
at the matter through the more sober, medium which
recent experience has afforded for the estimation of such
projects, no company governed by ordinary prudence would
entertain the notion of carrying a line between Swansea and
listeuard. Indeed, on this point, there really is and can be
no difference of opinion ; and if there were no guarantee in
the case, the directors of the Great Western Company would
as holders of more than one-fourth of the paid up shares, be
the first to urge upon the South Wales Company the aban-
donment of this portion of the undertaking. That they do
rot openly take this wise course, by meeting our advances to
that end, is attributable, we believe, pertly to the erroneous
supposition that the South Wales Company will break down
in toe attempt to reach Fishguard, sad thus be unable to
bring tte guaran.ee into opera'ioo, and partly to the very
natural disinclination which they feel to present to their
proprietors, in the existing difficulties of railway proirerty,
any p-sitive and immediately praising liability.
" With respect to the accounts, we have hit it question-
able whether it strictly fell within the mops of our appoint-
ment to eater into any minute examination of them ; but
without Intending cr wishing to east the slightest imputation
an any parties, we cannot but think that it would add much
to the welfare of the company, and the future confidence of
the shareholders, if such accounts were to undergo a
stringent cud searching examination by some accountant of
high standing and respectability ; and we would further
e amend that such accountant be appointed at the present
meeting, with directions to prepare his report, ready to be
orroisted amongst the proprietors ten days prior to the nez
Fe,brury meeting.
'We recommend that the number of directors be reduced
from eighteen to twelve, with a proportionate reduction
in the amount divisible amongst them. There will
then be eight Slum Wales, and four great Western
directors, a number amply sufficient, with moderate at-
ttntien, to superintend our intereete ; end the segregate
amount of their salaries will be 1,2001. per annum.
We recommend the propriety of the retirement of those gen.
setnen from the board who represent interests no longer
il•ntical with thee' of the South %Val line proper, and we
."114 further recommend that at etc nee half yearly meet-
Ine one half of tho reenaioing directon be requested to plum
their seats at the disposal of the shareholders ; and that in
the election of new directors a similar course should be
adopted to that which has lately been pursued is etkctiall