The British Press; or, Morning Literary Advertiser.
London, England, 1824-08-21 00:00:00

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"IR. &MY'S LIFE PRESERVERS are Sold at 39,
DEAN-STREET, SOHO. and no other place in London;
being a methodical arrangement of Remedies for the general
Diseases of the Body, so previously prepared as to enable the
l'atients to prescribe for themselves, without trouble or delay;
thereby proving doubtless in many instances a Life Preserver.
The practice selected has been sanctioned by long and successful
experience, and is founded upon a system in which all the modern
improvements in the science of medicine are combined.
They are forwarded to every part of the country, on receiving the
amount by post or otherwise.—Price I Is. ; 225.; and 335. ; Family
chests, 10a., with copious directions.

EAL BLESSING TO MOTHERS.—It is pleasing
_IL to observe the immediate relief that is afforded to suffering
Infants, by that Blessing to Mothers the AMERICAN SOUTH.
/No Sy lo riv, the efficacy of which is daily adding to the great
number of children relieved from the extreme Nina of dentition.
The following case is that of the child of Mrs. Morton, No. 17,
James-street, Bethnal green, who, a' the age of ten months (after
being a line chi!d). suddenly lost the use of one side from cutting
its teeth. The mother took it to the Dispensary, and was ordered
to apply leeches ; she did so until he hail nine, which reduced him
very much, producing no good effects whatever. She was at length
advised to try the American Soothing Syrup, which, before one
bottle was used in rubbing its gums, began to restore the use of
the child's ann and by the application of a second bottle it was
brought to its perfect health.
To be had, wholesale and retail, of Johns and Co., 211, York_
place, City-road, London ; and, by their appointment, of all the
principal Medicine Venders in town and country, at 2s. 9d. per
bottle.

CAIITION.—The only genuine AMERICAN SOOTH.
INJ SYRUP is signed on the Stamp with Mrs. Johnson's own
hand-writinur. Any other offered to the Public is spurious, and
calculated to injure in its application.
June b,

TIIE Original OXYGENATED SODA POWDERS
for MAKING SODA WATER, continue to be prepared,
and sold by the Inventors and Proprietor., Messrs. 0. MAR=
SIIA LI, and CO. Chemists, Brewer-street, Golden-square, and is
sold in Boxes, at 2a. 9d. each, and in Bottles, at 22a. each, duty
cl

The Oxygenated Soda Powders having acquired a great reputa-
tion, at home and abroad, many ineffective and spurious sons have
been imposed on the Public. The genuine will have the words,
" Prepared by Measn. O. Marshall and Co." engraved cro every
Box and Bottle.

•.• AU other advertised preparations for making Soda Water
under the same name are spurious.
To he had as above :

1824.

Superior S:Adlit2. Powder. - --
LIIIVCIIder {Voter
Cheltudiam Salts in Crystals Ditto ditto Perfumed
Ditto ditto in Efflorescence Virtu ditto M dle Fleur
Fined Calcined Mapiettia N'eg:tatic Extract
Pectoral Cough Drops Esprits— Various
Aromatic Vinegar E ui de Cologne
Lavender Vinegar Arquebusade Water, Etc. at.
Medicine Chests, uf all prices, completely fitted for every climate
and

Genuine Drugs and 3ledieincs, for Home and Exportation, of
the finest quality.
Prepansl and sold shin, as above. very superior FRENCH
POLISH fur all kinds of fine Wood. Ftur,i arc. dte.

Barris,' ANsilli• I' COMPANY,
FOR THE PURCHASE OF ANNUITIES SECURED ON
to
PROPERTY IN GREAT BRITAIN AND IRELAND.
CAPITAL TIIREE !MILLIONS,
IN SIXTY TUOUSANI. SH %RES OF FIFTY SOUNDS NACU.
:stablished under the Authority, can Act of Parliament, June 21,
1821—Office, 36, New Broad-street, Loudon.
DIRECTOR 7.
Prrnl Wooer., Esq. 31. P. Chairman.
S. B. M. BARItETT, 1•;sq. 31.1'. Deputy Chairman.
Colonel Henry Curzon M'illtant Neuman, Esq.
ltilicholu Denny*, Eng. Samuel Page, Esq.
bun—Gera. Sir Rotate Donlan, Colonel Palmer, M.P.
K.C.B. Nathaniel IS rn. Peach, Esq,
Major James Jones Hon. William Powlett, Al.r.
R. bane, Esq. A. A. Suttees, F... 1.
George Magnus, Eh. Colonel Talbot, N.P.
4obn Mendhant, Esq. John Wilkin, Est+
AUDITORS.
Henry Clarke, Esq. 1 John llarlor, Esq:
Burrage Davenport. Esq. I David 31•Laut, Esq.
Timothy Fr.-. isPower, Esq.
SAN :ERY.
Sir William Kay, Bart., Price, Marryat, and Coleman.
Sir John Puling, Bart., Shaw, Barber. as .o.
Stcanitaar--James Mitchell. Dui. A.M.
STANDING CelunSEL—Sannit I Giollestone, Esq.
SouciTors--John %Ma, Jun. r,.
CONSULTING Su aorows--(ierwse Buckley Bolton, Eq. and
William Bewseks Lynn, Eaq.
SnaveToas—Joseph Owilt, Esq., Edward l'anson, Esq., and
James Savage, Esq.
THIS COMPANY has been established under the
authority of a special Act of Parliament and Deed of Settle-
ment, for the preitable investment of capital in the purchase of
annuities, secured upon freehold, cop) hold, and leasehold estates.
money in the Government funds, pariah bunds, turnpike tolls, and
other eligible property.
The nature of annuities not tieing 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 denominated the
Grantee, in consideration of a sum of money paid by the latter to
the former, as the purchase-money for the duty. This annual pay.
ment is made during the life of one or more individual, named by
the grantee, and on the extinction of the last life the annuity cease..
Thus, A pays to B 1,000!. as the purchase of an annuity of 100/.
per annum, payabk during the lires 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 fo secure the return of
the 1,0001.,the grantee may insure that sum at a moderate premium
in an Insurance Office. In this cue Ais the grantee, and Bis the I
grantor.
As to an investment of money in this way, although the !Aglaia.
ture has limited the rate of interest to five per cent. on mortgage,
and all loans for a fixed period, it his 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 M (leo. 111. e. 141, which has been further ex-
planed by the Act 3 Geo. IV. c. ie. Prior however to the former
of these Acts being passed, many Insurance Companies obtained
private Acts for this pumue. Since that period all purchases of
annuities hare been elktted on the authority of the General An-
nuity Act.
By the Inn of the land, therefore, any sum whatever, which par-
ties choose so agree upon, may be legally secured for any period
depending on the contingency of one, two, three, or any number of
lives, or the last survivor of them. • I
During the last war, the usual annuity granted for the lam of
1,0001. was BM a year, or ten per cent. ; and where, (ruin the na.
tore 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 nq risk whatever of the foes
of his capital; for if the annuity was paid off by the grantor, then
the grantee received his money back; and it' the grantor died with-
out paying it oft, still the grantee received it at the office at which
it was insured.

Experience hat proved to the monied Interest, that annuities on
single lives, which can be insured, are highly profitable and seven.
tageons, 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 usually granted to continue dur-
ing the life-time of the last survivor of three or more persons. The
lives arc selected by the individual purchasing the annuity, who
naturally chooses young persons of good constitution.
That this latter mode of investment Is tery profitable can be
dearly demonstrated, since it has been found by long and invarias
bit experience, that although a single life is of wry uncertain du-
ration. yet in the case of- Wee or more well-selected lives the
casualty area, and an average fixed period may be relied upon.
This period is generally not less than 60 tears. but let it be
assumed to be only 68; by referring to tables of compound interest
it will be seen that IL per annum, improved at 5 per cent., will
amount in 58 ears to 2871. 6s. II ; and therefore 3L 10s, per
annum, regulasiy paid and improved rat that rate, will in the same
time amount to 1,005 L 14s. Aid. If I.OOOL be lent at 5 per cent.
interest, the individual who makes the loan obtains 50/. a year, and
when the loan is repaid he receives back his 1,00 W.; but if another
person lay out 1,0001. in the purchase of an annuity of MI. 10s. per
annum, payable for 58 years, he will have an equal advantage, for
if he lay by Si 10s. a year to accumulate at compound interest, It
will, as has been already seen, in 56 years, more than replace the
1,6001. invested.
lf, 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 for the use of the money. Besides this
advantage, as the annuities are frequently paid off. the whole sum
laid aside as an accumulating fond at the pa) ingot,' forms an addi.
tional source of profit, by adding to the amount of the original
capital.
But if, instead of receiving an annuity of SW. 10s. for 1,0001.,
and none are granted so low, he receive lOW. per annum, then it is
evident that not only at the expiration of 56 years he will obtain
back his 1,0001., but every veer he will immediately derive an ad-
vantage of 4131. It/s. per annum, which he can obtain only by this
mode of investment.
It may, however, be inquired by some persons, why should indi-
viduals prefer to raise money by this en.ithod on their estates and
Property, which, whilst it is advantageous to the grantee, must
surely 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. tbr any given length of
time, which induce many individuals feoMaeiNell or uadoubted free-
hold and copyholti securities, at well as public bodies, to prefer
raising money by way of annuity. For examtle, it a gendenun
raise money by mortgage, he cannot generally be secure against
being called upon to repay it for more than six months, unless
under particular circumstances—as fur instance, from its being tt ust
money. Ile is therefore placed at the mercy and caprice of the
lender. The money he was of course in want of, or he would not
have borrowed it. and it may be difficult in so short a time as six
months to repay it. It may have been expended in the improve-
ment of his estate, or in such a speculation that it may be a very
unfavourable time to sell his property. 11'hen he applies for a
fresh loan, be is subjected to unusual difficulty and suspicion, even
front the circumstance of his estate being already mortgaged for the
very sum he is called upon to pay off. Hence it may be impossible
to obtain the money, and he suffers the consequences, which are
not unfrequently sale or foreclosure. But in the case of raising
money by granting annuities, it is different; for oolong 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 he finds
it convenient, upon giving a short notice, or paving a small file.
Proprietors of Leasehold Property are, for like reasons, induced
to prefer raising money by annuity to mortgage ; anti it also fre-
quently occurs that they arc unable to obtain money by mortgage
let all, although the duration of their interest in the property may
be amply sufficient fur scouring 11w payment of the annuities they
are willing to grant.
9roprietors of shares in roads, cisnala, bridges, and other public
works of this nature, when they may deem it an unfarourable time to
sell, are able to give good security for an advance of money 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 power of sale, and can only iyant a security on
the rates from time to time as they coin; in. It is also deemed
inequitable to lay the whole burden of dzfrat.ing the expense of a
church, or other public object, the benefit of which is to extend,
over a long period, upon the present initsbitants. They therefore
raise money by annuity ; and alme.t every local Act of Parliament
directs or recognises this mode of obtaining money by parishes.
The proprietors of unincumbered but entailed estates cannot In's.-
money by mortgage. as they hise only a life int:rest in the pm.
perty. It is frequently intoossibis to cut off the entail, and some.
times a proprietor slots not desire to do so; hence, when money is
raised, it must be by way of annuity t 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 being peipetual, it cannot be cut Why any means. In that
part of the l'iMed Kingdom all securities on land arc registered,
and take priority in the order in which they are registered ; and the
system of registering is universal throughout the coantry, and is
reduced 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 semi! ty of
an estate. Such securities are theretbre very desirable, and the
British Annuity Company has already had applications from Scot-
land for money to a very considerable amount.
All persons deriving an income for life, or for lives, secured on
land, marriage settlement, attachable pensions from Govern.
meet, by
t. money
in the fends, or other good securities depending on
life, must, from the nature of such securities, when they raise met_
ney, do it by way of annuity. As in such Mel insurance is re-
quired: 'be parties raising the money must grant an annuity to cc At