The Sun.
London, England, 1863-07-10 00:00:00

DIRECTORS.
F. M. Hayward, Esq., 32, lit or„,re-street, Hanover-square.
Major Bamford, 6, Sutherland-street, Belgrave-square.
Frederick Angerstein, Eq., 133, Sloane-street, and Carlton
Club.
Frank Cole, Esq., 76, nower-street, Bedford-square.
T. Litticwood, Esq., Broom Hall, theffield.
J. Stevens, Esq,. et 4, Cornhill.
With power to add to their number.

13SNKEREI.
The English and Irish Bank (Limited), 25, Poultry, E.C.

SOLICITOR.
Charles Parke, Esq , 37, Moorgate-street, E.C.
AUDITOR.
Mr. S. T. Cooper, Public Accountant, 10, Basinghall-
street, E.C.
SECRETARY—Mr. C. H. Baker.
MANAGER OF WORKS—Mr. James Lane.
Temporary Works—Arthur -terrace, Holloway.
Offices -No. 1, ',tin-court, Cornhill.
AI3RIDGFD PROSPECTUS.
This Commny is formed for ill,. purpose of manufacturing
Co oa-J ut F bre Mats and Mattinc, under Letters Patent
granted to George Davies. dated the 27fta April. 1862.
The principal feature of Davies's Invention consists in the
improved pile of the mat, and. owing to the mode of weaving,
great d'irability is given to the fabric at a reduced cost of
manufacture.
The superiority of articles manufactured by this process
over the present method will be well understo d in the trade
when it is stated that matting of all descririons, and car-
riage and door mats, dr,c., have a thick fibrous pile upon the
surf ace hitherto unattained.
If no allotment be made, the deposit will be returned in
full.
Specimens of the new and improved manufacture may be
seen at the offices of the Company, where applications for
prospectuses and shares may be made.
-

Taß LIFE ASSOCIATION OF ENGLAND
(Limited).
(Incorporated under " the Companies Act, 18132.")
40, Gracechurch-street, Lonrion.
Capital, Half-a-Million Sterling, in shares of £5 each.
First issue, 25,01:0 shares.
Deposit. ss. per share on application, ss. on allotment, and
probably les. not less than three months atter, beyond
which no further Call is contemplated.
DIRECTORS.
George Buchanan, Esq. (G. Buchanan and Co., 25, Bucklers-
u.
Geborryge) Cltamb2rs, Esq. (Director, London and Hamburg
Exchange Bank).
Major Fred. Ditmas (late lI.M. Madras Eneineers),Croydon.
Edwarn F. Flli t, Esq. (Itte Chief Magistrate of Madras), The-
Mount, Harrow-on-the-Bill.
Patrick P. Gordon, Esq. (Chairman Eastern Bengal Tea Co.).
E. t assett Keeling, Esq., M.R.I. I<.A., Gray's-inn, W.C.
Francis Lascellts, Esq. (late Civil and Sessions Judge in
Lewis Munro, Esq. (late H.M.Bengal Army), Cavendish
Club, W.
George Peacock, Esq (Australian Merchant), 1, Lime-street-
square. London, E.C.
Charles G. Prowett, Esq. (Barrister at Law), 5, King's Bench-
alk, Temple

CONSULTING REFEREE.

Wiilia Farr, Esq M D., 1)." L., F.R.S., General Register
Office. Somerset ouse.
BANKERS.

England—The London and County Bank, Head Office and
Branches
Scotland—The National Bank of Scotland, Head Office and
Branches.
Ireland The Provincial Bank of Ireland, Head Office and
Branches.
India—The Agra and United Service Bank.

SOLICITORS.
Messrs, Wilkinson, Stevens, and WilkinFon, Nicholas• lane,

Lombard-street.
MANAGER AND ACTUARY—W. J. Fred. Norfolk, EN.
SECRETARY-51. J. Mac Cormack, Esq.

The Dir-ctors of the Life Association of England baying
secured the influence of very valuable conn ecti on .3 throughout
the United Kingdom. in most of the Colonies of the British
Empire, and several Continental countries, and having re-
ceived promises of subscriptions for a large number of shares,
-will enter upr'n th. business of Life Assurance on the 15th
July noxt, on which day a comp ete prospectus, detailing the
plan of the Company's operations, and containing tables of
rates, will be Issued to the public.
Arrangements also have already been absolutely made by
which a Dirge business will be acquired by the Comp ny at
once and further negotiations to the same end are far ad-
vanced.
The Directors will further carry out an entire reconstruc-
tion of the system f Life Assurance, on a plan devised by
their Consulting 'eferee, by which the Association's business
transacti.,na will be rendered perfectly equitable in opera-
tion, and afford the best security, whilst the Association will
be pieced in the be-t condition to fulfil its future engage-
ments. The plan in vestion wi 1 be well adapted to the
'wants of the People, atiording all the a vantages of present
Life Ofh es, and some of those of a dank. It will also ope-
rate at less riek, less expense, and lower premiums than
offices ordinarily °instituted.
The Directors, therefore, confidently anticipate a very
-handsome dividend from the first year of business opera-
ti The value of' Insurance Shares as an Investment, evidenced
by the large premiums to which most of' them have gradually
risen, and the handsome and increasing dividends and
bonuses which have been paid upon them, is a fact so well
ascertained and acknowledged as to need no comment.
Interest will be paid upon the capital at 5 per cent. per
annum, until a dividend of larger amount shall have accrued.
The liability of the shareholders is limiter. to the amount
-unpaid on their shares.
The Local Boards in the principal Cities and Towns of the
United Kingdom will be selected from the most influential
shareholders.
The sum the Directors have agreed to pay on account of
preliminary expenses is merely sufficient to recoup the actual
expenditure, which has been regulated throughout with the
strictest regard to economy.
Prospectuses and all other information may be obtained
from, and applications for the remaining shares, and for
Agencies, may be made to, the Secretary, at the Office of the
Company, or the Bankers, Solicitors, and Brokers before
mentioned.

THIRTIETH REPORT of the UNION BANK
of LONDON.
P. NORTHAM. LAURIE, Esq.. Governor.
JAMES FARQUHAR, Esq., Deputy-Governor.
DIRECTORS.

Charles Lyall, Esq. Harry George Gordon. Esq.
John Chapman, Esq. Samuel Beal., Esq., M.P.
Archibald Boyd, Esq. Fleetly, od P. Wilson, Esq.
John Scott, Esq. John Gilchrist, Esq.
Leo Schuster, Esq. 1 Wm. Scholefield, Esq., M.P.
Sir John Musgrove, Bart., 1 Thomas Augustus Gibb, Esq.
Alderman.
At a General Meeting of the Proprietors, held at the Court
Room of the Banking House, 2, Princes-street, Mansion
House, on Wednesday, the Bth of July, 1863,
P. NORTHALL LAURIE, Esq.. Governor, in the Chair,
the lollowi. g Report was read by the Secretary:—
In presenting the Thirtieth Report on the affairs of the
Bank, the Directors have to state that the riet profilt for the
six months ending 30th lure la t, after payment of all
charges (including the sum of .£82.09S 17s. 4d. for interest pa
and due to custom rs on their current and dep. sit accounts),
and making due provision tor all bad and doubtful debts,
amount to £.9,446 lls. 10d., which, with the sum of £25 222
0-. 10d. brought forward from the 31st December last, leaves
for appropriation £114,668 12s. Rd.
The Directors have now the pleasure of declaring an In-
a( ased Divioend of 18s. per share, clear of income tax, for the
six months ending 30th June laht.
After payment of the above, amounting to X. 54,00", and ap-
propriating £6,,000 to the Reserved Fund, which will thereby
be raised to £llO,OOO. there will remain a balance of £668 .2s.
Bd. to be carried forward to a new Profit and Loss A count.
The following D rectors reti e by rotation, viz. :
Leo Schuster, Esq.'
Wm. Sch letield, Esq., M.P., and
John Gilchrist. Esq.,
who, being eligible, offer themselves, and are recommended
by ,h.- Court, tor re-election.
London. Bth July, 1863.

THE UNION BANK OF LONDON.
For the Half-year ending 30th June, 1863.
GENERAL BALANCE.
Dn. LIABILITIES.
140 per Share paid up on
Capital 60£2 p.oeorosraraereasdded out o 6110,0"
Reserved Profits 120,00)
___

£720,000 0 0

CR. ASSETS.
Cash In the Bank £703,087 18 1
Cash in Bank of England 645.075 iS 8
Cash lent at call 825,000 0 0

Due by the Bank on Current Accounts, Depo-
sit Receipts ,including Interest accrued),
and °the Obligations
Rebervea Fund, invested in Consols, as per
Contra
Rebate on Bills not due
Balance at credit of Profit and Loss

50,000 0 0
17,05 17 10
114,668 12 8

£15,735,74112 0

£2,174,063 16 9
Investments inGOvernment Stock,Exchequer
Bills, Debentures, &c.
£53,727 6s. Bd. Consols (taken at 93) Reserved
Fund
Bank Premi. es,consisting of Freehold Build-
ings in Princes-street, Mansion-house-
treet, Argyle-place, and Fleet-street; and
Lease and Fixtures of No. 4,Pa11-mall East 108.775 4 5
Loans, Bills Discounted, &c

862,682 9 2

50,000 0 0

£15,735,741 12 0
DR. PROFIT AND LOSS ACCOUNT.
Amount of Dividend of ISs. per Share
Appropriated to Reserved Fund 60,000 0 0
Balance, being undivided profit carried for-
ward to next half• year