The British Press; or, Morning Literary Advertiser.
London, England, 1825-01-27 00:00:00

DROMOTER BENEFIT COMPANY.
1 In the various projections of Public Institution, a total
disregard has been shown to a class of persons whose interests in a
eaminercial country would seem entitled to the first consideration—
the Heeds of Departments, Principal and Subordinate Clerks in
Public Offices, Banking, and other Establishments.
The :advantages held out by Government to its officers are the
fruits of an excellent systefn, u • progressive annual rise in salary,
after a few probationary years, and an honourable superannuation,
form strong inducements to good conduct, and a continuance in the
issue employ. This plan, 'however, is found to be too confined in
its °proton, and would be greatly improved by affording the
mos of obtaining a certain independence, after a given period of
rervier.
A Public Institution, providing pecuniary compensation and
medical attendance, by first-rate professors, during illness, securing
definite and progressive allowance in aid of salary, and competent
superannuation, at given periods, anr.uities for children, and NT.
Prentice fees, or outfits for professions or other pursuits requiring
combinable disbursements, most be highly beneficial, -not only to
those who serve, but also to those to whom service is rendered. To
the former the idea of depend solely on private friendship for
Issistance, to avail themselves of opportunities for settling their
oildren, or on the bounty of employers for support, when incapable
tf rendering equivalent service, must be painful; whilst the true
r.tetems and best feelings of the latter must be deeply involved in
;rovirling reset et .ble subsistence for confidential or deserving as.
aunts whilst in active emplo, and needful aid in sickness and
competent support fir them in out age.
The system of Life Assurance has been greatly improved, and
resented to the public in beneficial Institutions. But the root
P.nrn which seen Institutions spring has been altogether neglected ;
red, in carefully making provision for a man's posterity, the living
man himself, and his family, during his life, have been entirely
disregarded.
In the ordinary Benefit Societies, consisting of persons in various
trades, and generally applicable to the lower classes only, no effi-
dent mean. have been employed to ascertain the continuance, or
probable duration of certain disorders incident to such trades, nor
to fix the contributions properto be made, to secure a compensation
for loss of labour during those periods. Indeed, the difference of
nortality, in different trades, has never been determined, so as to
:fool an accurate scale of contribution for each class.
To extend and apply the rdvantages of the Benefit Society to
persins in a more elevated station in life is the object of the PRO-
iOTER BENEFIT COMPANY. Its business will be con-
ked to one, though numerous, class of persons—the Heads of
&pat:runts, Principal and Subordinate Clerks in Public Offices.
Banking, and other Establishments ; because, by the steady uni-
fernoity of their pursuits and habits, perfect means are afforded for
making accurate calculations of the periodical contributions proper
to be made by that class, at all ages, without risk from the &dims-
lion of persons or less healtr v occupations.
Fat his purpose, the true law of mortality among that particular
des of persons has been accurately asentaismod ; scales of the pro-
motive advance of salary in public offices. with the usual periods
of superannuation, and the probability of advancement by prema-
ture dea'hs, have been formed ; the average number of sick persons
KO ages, and the average absence from business, have also been
artfully estimated.
The ents of the Company will be secured by a subscribed
Capital of ,000/. 1n 0,000 Shares of IW. each ; the whole to be
aanally paid up at the time of subscribing. Three Thousand
Stares will be reserved.
As the materials for calculation have been procured expressly for
the purpose of this Institution, at great labour and very consider-
able expense, the remaining 3,000 Shares will not be issued under
premium, to compensate the Projectors, Calculators, and others
far such labour, time, and coat. But, to afford a fair competition
to the public, a few days will be allowed for bidding': the highest
hiders of course will be selected, for any number of Shares they
may offer to take, at the price named in the Tender. In the event
el similar bidding' fo: equal numbers, an equal distribution will be
made ; and the whole 3.000 Shares will be disposed of among the
bidden, without any further reserve.
Tenders to be sealed and addressed to the "Promoter Benefit
Company," under cover to " Str John Perrino, Barn Shaw, Bar-
ber, rad Co. Bankers, Cornhill, London." No Tender will be re-
coiled after the 2d day of February, nor any opened until the 3d of
"'marl. at 12 o'clock precisely, when the Committee will attend
to open the Tenders. The successful bidders will receive notice to
Pay, in full, the amount or their Shares to Sir John Perring, Bart.
Barber, and Co. by whom the certificates will be heeled.
No person will he allowed to hold more than 500 Shares, but
tsddings even for single Shares will rank according to the price
offered.
The Board of Directors will consist of eight Members, and three
vacancies will be reserved until after the close of the bidding'.
fifty Shares will be a qualif titian for a Director.
The objects of the Lompu..y are more fully detailed in the Pro-
spectus, which may be obtained at the Banking House.

PERRILYIVES.
DMOND, lIAIK-CUTTER (successor to Mr. Blake)
-LP No. 1, Burlington-Gardens respectfully announces to the
Nobility and Gentry, that he has invented a head-dress for Ladies
sad Clesidemen, the elasticity of which is effected without the use
of springs. Its appearance is natural and elegant ; and its con-
struction is so good, that it may be washed, cleaned, and altered,
to sal every countenance.