The British Press; or, Morning Literary Advertiser.
London, England, 1824-08-06 00:00:00

~,
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)ON, FRIDAY, AUGUST 6, 1524.

an amount as will insure the u.ouey advanced , and yield a remu.
neration for its use.

I ionil Irish Securities will Man meet with the consideration of the
Brits+ Annuity (lompany, wherever they a -r offered in undis.
tutted and miweamlle distress; and the propri tms will now have
the opportunity, he means of this U ny, of• Ossining money on
their estates. winds they bases hitherto ham una hie to procure, and
at low rates of interest yet uaknown in the sins • kingdom.
To prevent enclreMitry trouble to agplitaint., it Is proper urinate,
diat ibis (Dm pan v data not advance money in pt •rchase of anntaties
on saxarity, but only aar nities a inured on property.
It 1. therefore the npir.lon of the Ilireetort of this comrecroi,
founded on lllVeNtigation a nil svidence obtained In au public
as well ns the best possible muter. of private let ormation, that the
Company will be enabled to invest the whole of its capital, and to
divide annually at least from 6 in 7 percent., best lea leaving a fund
for contingencies. For many years there has c been annually
r &fled and enrolled In Lordon, on an average, l,' annuities, be.
s th.ise ~cur .1 on freehold property aLd o lybold estates of
larger annnul valve than the annuities grained., and exclusive of
animitira granted on land and (010 property in .Scotland and Ire-
land. The slim in invested in the purchase o.f annuities within
the last three years, oval enrolled in [Ando), has been front three
millions and a Nato four millions sterling.
. .

During thi, rtnist, which has been a time of peace. the rate per
emit. obtained, rifler defraytig losuranx where necessary, bee
Bern from 7to percent., aeconling tO the natured the seeuri.
tins ; and it is ti• vvr. r • .•nrfidently anticipated, that &great public
Company, triemt..,ing its business on eqtlitable teem.. will have
inch numerous offers as to enable it to select the meet undeniable
uri tilai, and to iiiiiituva its capital More admitageosoly than an
possibly he done by any private individuals.
That the public wags 'troika', called for the establishment of
me, a Company as the present. is evidenced from the immense
moonlit of loi,iiiuss transacted 1.1 this way for may years past by
private agents.

There can, therefore, be no doubt Company,
wed
by fixed principles, will obtain the . , cc, and be abr:dvi:ned-
tageously to invest any amount of capital. Persons.posseesed of
good securities may DOW faitly calculate on jag and liberal con-
duct, and an immediate advance of money as soon no the securities
hart been approved of by the Directors and professional advisers
of the Conipany. This will prevent any unpleamettpobllcity to
the transaction. incurred by application to private agents, who are
louder the necessity of of the securities to numerous individuals,
who again discuss them 'tut their advisers, in order to find persons
to advance the sum required. By applying to a Board of three.
tore, the transaction is made known to no persons, but contiden-
tially ; and only to them and their offieers.
Money, by this Intitutiota, will be also advanced at a more
moderate rate, end the Grantors will ha exempted from vexatious
and exorbitant charges of ev description.
To the Proprietors of this Corepmy, the investment. which they
have made cannot fail of becoming advantageous. In the first
place, it must be admitted that there it a greater advantage in in.
vesting money in annuities than in the public funds, in conse-
quence of the present high price of the stocks. The 3 per Cents.
are now not far from 1001. in the market ; and yet it is only eight
years ago that they were at about OW.; and in the event of a war,
or of any other unfavourable political contingency, the stocks may
rapidly fall to 60?. again. A person, tberelorr, 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 30 to 40 per cent. on
his investment. This risk is avoided by investing in Annuities ;
for whether they be paid uhF by the Goatee, nv whether he die and
the money be received from the Insurince Office, the full 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 taiii.g shares
In a public Company, as he 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 hint. The hat are fre-
quently for large sums; and the benefit of these cannot be obtained,
but by taking a there in a Company which is able to advance the
money required.
To persons of large property, it is also more advantageous to in-
Jest by the purchase of shares, than in purchasing annuities
granted to themseiveo; for a Board of Directors, habitually en-
gaged. in the consideration of securities, must necessarily, front their
experience, be able to judge of those offered them better than any
individual. They have also the benefit of employing professional
men, who have had much experience, and whose attention is ex.
elusively devoted to this particular Minch of business. If. also,
it should on any occasion occur, that a aeetnity did not prove so
good as was expected, the loss being equally divided amongst •
numerous proprietary, would be little felt by any one, and would
be amply recompensed by the profit on the other securities.
There is also a convenience in holding shares in a public Com-
pany investing on annuities, which cannot be enjoyed by sit indi-
vidual laying out his money on annuities granted to himself, viz.
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, sad sell them
with the same flicility as any other stock. This he mold not rea-
dily do with an annuity, or part of an annuity granted to himself,
and certainly not without considereble delay, expense, investiga-
tion, and actual loss. The selling pf shares, on the other hind, sea perfectly simple traasactiop, and they ars at any time readily
convertible into cash.

A proprietor disposing of his shares may reasonably expect to
do so at a premium, from their securing him regularly a good di-
vidend ; whilst an individual could not in any case expert a pre-
mium on an annuity granted to himself; as it is always liable to
be paid off for the onginul sum invested, and there cannot be a tsar.
taint, of immediately finding a new investment. But capital in a
public Company, which will naturally have numerals applications,
may be kept in constant operation.
A MK. share will consequently be estimated by the purloin?,
not merely at 501. but as a security bringing in an annual dividend
from 3!. to 31. Ills. ; and the value set upon it will be in proportion.
I fence, the price of such shares will naturally rise in the saute man-
ner as the shares of other public Companies which realize a similar
advantage.
The proprietor's private property in the British Annuity Com.
pony will not be exposed to any liabilities, as is the case in almost
all the joint stock Companies. This arises from the nature or its
operations.
There are only two ways by which proprietors incur liability-
-Ist, to the Directors ; 2,41, to the public. Liability to the Direc-
tors is guarded against by the conditions on whicb the Company is
funned and embodied in its deed of settlement. Liability to the pub.
lie is avoided by the nature of the Institution itself. Puchasing
annuities, as alrt;ady 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 trinsanion us 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 only 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 manage.
meat. These 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 an-
nuities, 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, mw to the Solicitor and
Counsel, fur investigation of the title, and makin_g 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 body of proprietors, are also elected by thorn; and as any of
the present nitinber die, resign, or beanie disqualified, the vacancy
will be supplied. As to the cells which will be made for future in.
stalments, whilst they will bona do as frequently as the demands
of the public, and consequently the prosperity of the Conipany re-
quire, yet the convenience of the proprietors will be con' tilted, not
only as to the amount, but also the periods of payment. flow-
erer, it cannot be too 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
commintr 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 the income proportionate thereto, the dividend to the share.
holders will be greater, because the expense of the Institution 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 oleain an advance
thereon by way of annuity, instead of being obliged to travel to
on Lond, ',alums from a distant part of the country, at consider- '
able inconvenience, be will merely have to send to the Secretary of
this Company for a printed form, which will be supplied pantie-
rowdy, indicating the nature of the property, the sum regimen, and
such other particulars as will enable the Court of Directors to con-
sider and determine on the business. If time general nature of the
security be approved, the Surveyor% of the Company will then be
deputed ur survey the property, provided the security offered be of
such a nature as to require it, and the expense of the survey will
he borne by the person applying for the advance. If the report of
the Surveyors be satisfactory to the 'Kralove, they will then notify '
their satisfaction 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 prepared, and the affair completed with certainty
and expedition ; but it the title be bad, then the expense of the
investigation must, as usual, he borne by the proposed grantor.
By this simple and intelligible process no uorecessary delay will
take place Sitareholdeni 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 trsnwted by this Institution
must fremiently come through the hands of Solicitors, printed
forms will he supplied at the office, and the Directors will be
happy to receive proposals to any anto.tat, and will at all times
st!ord every t %planation std woki.talice .

mrrrivrt,t,. £ectetatv
16, N,:w llrtrail-strctt. Lentlun, July 19.11:.

SALES Bl" AUCTION.

I— ...
STOCK IN TRADE of PAPER. ACCOCNT BOOKi. and I
SCHOOL STATIONERY, WITIIOCT RESERVE.
By Messrs. ROBINS
At their Rooms, Piazza, Covent-garden, TOMORROW, at 12.
by order of the Trusters.
QIX !JUNI/RED REAMS of PAPER, in foolscap,
1.3 pint, and copy, in folio and quarto, superfine Bath post and
vellum, gilt and plsin, cartr;dge, crown. 7 hag cap and imperial
1 cap, bundles of line and inferior small hand, and a quantity or out.
sides of foolscap, and Stn. post, patent-bound ledgers, day books,
cash cash and letter books, journpl 4, &C., many down, of ruled copy
books, ciphering batilis,&c., hold a large assortment or pens, quißs,
pinions, pencils, wax, wafers, India rubber. lotted suitably for the
Trade, as well as private Purchasers and Schoolmasters.
May be Viewed this day, and Catalogues had at the Rooms.

HILLINGDON, MIDDLESEX.
Splendid Furniture, noble Pier and Chimney Glasses, Upright
Grand Piano-forte, Billiard table, el t China, Glass. Draw-
ings, and Prints, very fine Wines, a Carrriage, Two Cows, and
other Micas.
fly Meson. ROBINS,
On the Premises, en MONDAY next, August 9, and two fol-
lowing days, at IL
ALL the superb andfashionable FrILVITURE, a
a carriage, a superior brilliant. imbed Upright Grand Piano-
forte, by Broadwood, in antant rosewood, and buhl ease; a
capital full-sized billiard by Thurston noble pier and
chimney glasses ornainenta nd useful pwreelaine, French or-molu•
docks, superb Grecian chandeliers and candelabras, fine-coloured
drawings and prints, a cabinet of rare toreign shells, cellar of choice
wines, including exceedingly old port and sherry, and very floe
claret, and a variety of articles of taste and Vertu, of a

LADY DINTINCTION.
The Furniture comprehends a drawing room suite of blue stripe
silk taberay, with costly gold-colour fringe, anti lace curtains for
four windows, Grecian couch, fouf sofas, and eighteen chair.;
elegant rosewood cheffoniers, and statuary marble consoles on large
gilt eagles; capital romewood patent card, sofa, 100, and writing
tables ; suites of elegant green, scarlet, and fawn maven parlour
curtains; a set of mahogany chairs, with morocco seats; a Set of
claw dining tables' capital sideboard, bookcase, large Axminster,
Brussels, and Turkey carpets. The Bedchambers contain six
capital mahogany four-post and French bedsteads, with elegant cat.
ton hangings and window.cunains ; capital down beds and bedding,
and are completed with every article necessary for comfort and con-
venience, at the Residence
At HILLINGDON,
near Uxbridge, Middlesex. Also kitchen and other requisites,
garden seats and implements, two fine cows, &c.
May be viewed this day and to-morrow, and Catalogues then
had at is. each, on the Premises; and of Messrs. Robins, Covent.
Pram.

SITERIOR INVESTMENTS, 1911/. a Year, well secured fire
00 Years, arising from two capital Houses, Budge.row, held
under St. Thomas's Hospital.
By Messrs. ROBINS,
At the Mart, on FRIDAY, August 20, at Twelve, in Two Lots,
T/ capital well-built -HOUSES, desirably situate
for Commercial purposes, Nos. 6 and 7, Budge-row, Vat.
ling-street. They contain four elumnbers, two sitting rooms, light
shops, private entr9nees, water clouts, kitchens, itc., and
CIES VI:NIENT IVA REHOUSES;
held for 4l yeara unexpired, at a very trilling ground rent, and of
the immediate annual value of at least 1901.

May be Viewed, and Partieulan h;d7;iso at the Man; and of
Sloan. Robins, Covent-garden.

JN MONMOUTHSHIRE, ON THE ROAD TO
CHEPSTOW. ,

FREEHOLD ESTATE, ;;;;;;;;;;; • altogether 263 Acre of
Pasture, Arable, and Mind Lands.
By Messrs. ROBINS,
At the Auction Mart, In London, on FRIDAY, August 90, at 19,
A VALUABLE and very IMPROVABLE FREE-
HOLDrt. ESTATE railed PISS WOOD, situate in the
•parish of Teelksk, adjoining the road leading tram Monmouth to
Chepstow by TINTERN ABBEY.
tie miles and a half from Monmouth, one and a half from Tinton
Abbey, and eight from Chepstow. The Estate comprehends
altogethe 963 ACRES OF LAND.
including pasture, arable, and coppice woods, tythe-free; and the
plantations In the most thriving state. The Estate Is situate in
the most esteemed part of this
ADMIRED COUNTY,
presetting a most inviting property either fur investment, or •
Sporting Gentleman.
Part etilars may be had at 3lonrnouth, of Messrs. J. and W. A.
Williams, Solicitor,; also at 11Hiltsethara, at the a.
Andian Mart t and in Covent-garden, London.

THE MANOR OF IVOODMANTON IN THE COUNTY
OF HEREFORD, and 192 ACRES of LAND,
Seven miles from the city of Hereford, Lind-tax redeemed.
A Freehold Residence in All Saints' in the City of Worcester,
and 12 Acres of Meadow Land at Eardisland, four milts from
Leominster, the property of a bankrupt.
13y Messrs. ROBINS,
At the Auction Mart, near the Bank of England, on FRIDAY,
August 20, at 12, in Three Lots,
By direction of the Assigness of T. Lingham, a bankrupt.
THE Valuable FREEHOLD FARM, situate in the
parish of 3Yestbide, Yorkhill„ and Stoke Edith, seven
miles from the City of Hereford, and four from the navigable rivers
of Wye and hey. consisting of a good Farm House, and all requl.
site Buildings, Cider M ill.
And 19-2 ACRES of LAND,

of which 110 are superior meadow, pasture, and hop land, in the
occupation of Mr. Ballard, a respectable tenant, at a reduced rent
of 2101. a year.
_ Also, the Mof WOODMANTON.

One-fourth pan of this valuable property %s included in the that Mt.
Also. the Entirety of an Excellent FREEHOLD RESI-
DENCE, and suitable Offices, situate in Newport-street, in the
City of Worcester, together with dc:ached til:op, mid Cider
House, Stable, and every possible requisite for a person requiring
great extent of premises. In the occupation of the bankrupt.
Alan, the Entirety of 12 Acres of Rich Freehold MEADOW
1..1 ND, and Orchard, called Woodbridge Furlongs, situate at
Eardislaml, four miles from Leominster, in the county of Hereford.
in the occupation of the Widow Turbertille, at a low rent of
171. 10s. ; land-tax redeemed.
_ _

Particulars may be had of William Wall, Esq. banker, Woe-
eater; at the principal inns at ffereford, Leominster, and Wor-
cester; at the office of the Cheltenham Chronicle; of Messrs.
bleyrick and Cox, Red Lion-square. London; at the Auction
Mart ; and of blesses. Robins, Covent-gardcn.

IN PEM BROKKSIII It E.

VALUABLE FREEHOLD ESTATES,
Including 2,758 Acres of Land, producing at Old Rests upon
Lives 1,121. a year, but capable of an almost immediate
increase. By Messrs. ROBINS,
At the Auction Mart, on FRIDAY, A tug. 20, at 12. in .1 Lots,
VERY VALUABLE FREEHOLD ESTATES.
situate in the Parishes of Lanstinan, I,lanwernantygoff,
Castlebyth, Marvel, and Punchaeston, all adjoining Parishes, and
in the best part of
THE COUNTY OF PEMBROKE.

This Estatepreaen Investment, ins*.
much as it is capable of considerable improvement It comprehends
TWO THOUSAND SEVEN HUNDRED AND FIFTY.

EIGIIT ACRES OF LAND.
Together with a 31ansion and Demesne, in the occupation of
Robert I'eeJ. Esq.. and a variety of convenient Forms adjoining,
pmdlicing, at rents determinable on a few remaining Old Lives,
1,1221. a year. The Land Tax is redeemed upon the whole pm.
petty, and the Manor of Llattrernantygoll is amongst the many ad.
vantages connected with this Estate.
Descriptive Particulars may he had at the principal lons in the
leading Town. in Pembrokeshire; also at Caernianhen. Aberga.
yenny, .Monmouth, and Cheltenham; at the Office of 31easra.
Williams. Brookes, Powell, and Broderip, Lincoln's Inn ; and in
Potent-garden, where Plans of the Estates may be seen.

VALUABLE FREEHOLD INVESTMENT, CHELSEA.
PHOUCCINIII M. A YEAR,
On Leases capable of Inereve in a short period.
By Mtssrs. 110111 NS,
At their Rooms, MIMS. Covent-m.ler. on SATI'RD.IY,

Auptat 21, at ‘2.-mn 3 1..0t5.

VALI'ABI. E liltEl.:1101,1) ESTATE, comprising
Noe. 22. 23, and 24, Lawrence-torcet, l'helreit. No. 21 is a
capital bow-fronted residence, containing accommodation fora large
family, and the rooms of noble propel one, with a coach-house and
stabling, large walled garden, etc. on Lye to Mr. Norcott, at only
i2L per annum. Nos. trt and 24 art roomy houses, with gardens
behind, on lease to air. Cornell and Me. IVilli;c.trs, at low rents.

7 -
Partici,lira. 14 prior. wt Don 1.4-!•;:rors, Chelsea; of Mr.
.1. R. Robins, Solictior, t ; and of 31cesrs.113.
tl.