The Sun.
London, England, 1855-07-09 00:00:00

(Copy.)

"Medical Invalid and General Life Assurance
Society, 25, Pall-mall, London, 21st June,
1855.
"To the Directors of the Perpetual Investment, Land
and Building Society.
. .

" Gentlemen,—Your Fourth Annual Financial State-
ment and balance-sheet have been submitted to me by
your Secretary.

"To the various items of assets and liabilities I have
given the best consideration ; and baying regard to the
methods of valuation followed by Mr. Tresidder, as ex-
plained in my letter of the 22d of June, 1854, I am
satisfied that the results now presented may be fully re-
lied on, and safely adopted and acted upon by your so-
ciety.—l have the honour to be, gentlemen, your most
obedient servant,

"F. G. P. NEISON, Actuary.
" As the result of this valuation, the directors have
been enabled to pay off a second tenth portion of the
preliminary expenses ; also to appropriate 10 per cent.
of the remaining profits to the reserve fund, and to carry
a bonus equal to 2 per cent. interest on shares upon
which twelve months' subscriptions or more have been
paid ; this bonus has been placed to the credit of the
several shareholders, which, for the past year will, with
interest, be 6i per cent, on subscripticn shares for 12i
years, and 6 per cent. on subscription shares for 71 and
10 years.
" The advances made upon the mortgage of houses
and land are as follows, viz :-
Ist and 2d years
3d and 4th years 68,074 3 1

Total amount advanced... £94,822 10 9

"The sum of 991/. 150. 3d. has been advanced to the
members upon security of their shares (interest being
charged at the rate of 1 per cent. per annum above the
amount credited to the share accounts). This arrange.
ment has been found very useful as a temporary acoont•
modation.

" Twenty-one properties have been redeemed from
mortgage during the year, thus showing the great facili.
ties given by the society for the purchase and sale of
property.

"The directors have to report that the roads upon the
Muswell-hill Estate are nearly completed, and that the
fencing of allotments is being proceeded with. That
portion of the land which was copyhold has been enfran-
chised, and the redemption of the tithes is in progress.
This valuable estate will be ready for building purposes
in a few weeks, and the unalloted portion will be then
offered to the shareholders.
" The entire business of the County of Surrey Benefit
Building Society has been transferred to the Perpetual
Investment, Land, and Building Society, upon terms
mutually satisfactory. The directors are prepared to
arrange for the transfer of the business of other societies
upon equitable terms.
"The directors have, during the year, appointed a
large number of agents, who they hope will be the
means of extending the business.
"The directors confidently rely on the exertions of
the shareholders and agents, in the obtains) of a great
accession of investors and borrowers. The satisfactory
position of the society (as will be seen from the balance-
sheet) must increase the confidence of the public in the
stability and principles of the institution.
On the motion of Mr. J. STIRLING, seconded by Mr.
JOSEPH CHIPCIIASE, the report was received and adopted
with acclamation.

The three directors going out in rotation were put
in nomination for re-election, and Mr. Thomas Cave
offered himself as a candidate in the best possible spirit.
A show of hands was taken, and Messrs. Gover,
Burgess, and Burton were re-elected.
Mr. ISAAC DOXEY moved, and Mr. ROBERT MAR-
SHALL seconded, a resolution to the-effect, " That the
members of the Perpetual Investment, Land,and Building
Society at this meeting assembled, do hereby express
their satisfaction at the highly favourable position of the
society, and would recommend to the members and
agents throughout the country to co-operate with the
directors in extending its business throughout the ensu-
ing year."
Special resolutions of thanks to the chairman and
directors, and to the solicitors, secretary, and surveyor,
couched in the latter instance in the most complimen-
tary terms, were severally carried with acclamation, and
were acknowledged in a corresponding feeling.

RuckINGHAlf-HousE, PALL-MALL.-Buckingham-house,
in Pall-Mall, has been purchased by the Government for
Lord Panmure's office—thus placing the War-office near
to the Ordnance-office. We believe the house is not to
be materially altered—so that Soane's architecture, such
as it is, will be spared a little longer. Various clubs
have been nibbling at it, but the Government now has
walked in and swallowed it up.—The Builder.
TILE Go OD SERVICE PENSION.—The good-service
pension rendered vacant by the demise of the late most
venerable and distinguished flab officer Admiral Sir
Charles Eking, K.C.8., has been bestowed by the First
Lord of the Admiralty on Admiral Sir Francis W.
Austen, K.C.B. Sir Francis was commander of the
Petrel, in the Mediterranean, in 1799, and captured
Ligurienne under a battery near Marseilles, for which
he was promoted, and shortly afterwards appointed cap.
tain of the Canopus, at St. Domingo.
tßheeg3im Ot
Regiment,
F, nir)st6
of the 68th draught, 200 of the
Cork barracks are greatly crowded, the following
being draughts now contained therein :-50 of the 13th
Regiment., 110 of the 41st draught, 90 of the 47th Re.
glsimoeonftili7eB
49th
hthe
Regimentsqth R,e
om
oe nf tt,h
e 50760tfh
21st Foot, 150 of the
57th Foot ; 15th Regiment, 800
total ;_l6 th Lancers,
troop ; 2d Somerset Militia, 500_ ;,460 men. Cat
30
and Elizabeth Forts contain of
the 2
15th Regiment,
of
and Bandon and Haulbowline 120 the same corps.
FATAL ACCIDENT ON THE LONDON AND NORTH-
WESTERNy —The CaMdell-t0 t • ati
IZAILWA • on of the
at oneo'clock
above railway WM, on Saturday, the
a most distressing accident, which caused the
scene of named Benjamin
death of a mat. Bartram, 23 years of
n„, who sv" employed by the company as a porter at
the!
station. The unfortunate young man was leading
a horse Oro
7 the new lines lately completed, when per-
ceiving, 3 train of ballast waggons approaching he en-
deavoured to urge the animal forward out of the way.
The horse alarmed at the noise made by the engine
would not move from his dangerous position, and at
that moment the loaded k true s overthrew Bartram, who
still retained his hold of the bridle, and the wheels pass-
ing over his body lacerated him so severely that de.
was instantaneous.
A NEW LOAN FOR TURKEY. A convention „ g
been signed in London by the Ministers of England,
France, and Turkey, and sent to Constantinople for
the exchange of ratifications, by which England and
France are to guarantee a loan of five millions sterling;
to be raised by or on behalf of the Turkish Government.
The loan will be effected in London, and will bear in-
terest at 4 per cent. per annum. The money cannot be
raised until the ratifications of the convention have been
exchanged and an act of Parliament has passed to enable
the British Government to give its guarantee to this
stock. It is, of course, stipulated and intended that the
whole amount raised shall be strictly devoted by Turkey
to the purposes of the war, and we trust that very strin-
gent conditions will be introduced into the arrangement
to provide against the notorious abuses of the Turkish
Treasury, which have proved so injurious to the credit
of the Ottoman Porte. It also remains to be seen
what is the nature of the security tendered by the
Turkish Government, and what are the means proposed
for the redemption of the debt. These particulars are
not yet before us, but they will, of course, be made
known to Parliament in detail upon the introduction of
the bill. It is not expected that the money will be
raised before the month of .A.ngust,-211704