The Sun.
London, England, 1855-01-16 00:00:00

£478 16 0

1,073 at ss. 0d...
30 at 103. 0d...
2 at 10s. 61..
7 at 20s. 0d...,

SUBSCRIPTIONS FROM ASSURERS.
_2493 5 0
15 0 0
1 1 0
7 0 0

Two donations

-- 516 6 0
21 0 0

21,016 2 0
Gratuities amounting to 138/. ss. have been presented to
distressed members, their widows or orphan children.
Loans to the extent of 2,5051. 103. have been granted to
111 members, making a total since the commencement of
the association of 17,682/. 10s.
On the 17th May, 1854, threa clerks and four widows
wero elected to annuities as follows :-
3 clerks to annuities of £2s each.
1 widow to annuity of 2O ~
3 widows to annuities of l5
—the total number of annuitants on this fend being
40, at
an annual charge of 725/.

The balance sheet, having been read, shows a balance in
favour of this department of 14,843/.

The Cmanothai briefly commended the object of this
fend, which was simply torelieve those who were in dis-
tress. It was gratifying that they had now 30 widows
and ten clerks, receiving 6401. a year between them, be-
sides 138/. ?iven last year in gratuities. The amount
which the managers now proposed to bestow in annuities
was rather less than that of last year, for they had found
they must not go on too fast, so that the annuities
should be permanently and securely continued. He
believed, however, that one or two vacancies, perhaps
more, were likely to occur during the year, in addition
to the annuities now to be granted. After some fur-
ther explanations, the chairman moved the adoption o
the report.
Mr. HaTioN suggested that the association should
make itself better known by advertising, and especially
that the clerks in Government offices should be made
acquainted with its claims.

Mr. LLOYD repeated an argument which he had ad-
vanced at some former meetings against the system of
granting annuities out of the " casual " income derived
from subscriptions and donations. He earnestly advised
that a large proportion of the casual income should be
expended in gratuities and special grants to distressed
persons, by which the subscribers would be made to feel
more interest in it ; and he moved an amendment de-
claring that no further annuities should be granted until
the interest from the funded .or vested property of the
association should be sufficient to provide for the an-
nuities already granted.
Mr. MINTON seconded this amendment, expressing is
anxiety lest the association should become more en-
tangled in a wrong and imprident system.
Mr. JEPPS reviewed the history of this department,
admitted that annuities had been granted to an extent
beyond what was quite justified by the funds ; but the
meeting might leave it to the managers now to use their
discretion, and to propose annuities, perhaps, for this
year, to the amount of 701. or 801., instead of 1101. as
they intended. They had been gradually reducing the
amount for some years past.
The CHAIRMAN also promised that the managers would
give their best consideration to the views of Mr. Lloyd.
Mr. WARWICK addressed the meeting in reply to that
gentleman's argument, and ultimately the amendment
was put to the vote and negatived, only 20 hands being
held up for it.
A separate resolution, instructing the managers on
the 16th May, or on such other day as they might ap-
point, to grant annuities to the amount of 1101., the re-
cipients being elected by the members, was then moved
by Mr. Coleman. It was opposed by Mr. Lloyd, who
moved his amendment again, but without success, and
the resolution was passed.