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

CONSULTING REFEREE.

William Farr, Esq , M D., D.C.L., F.R.S., General Register
Office, Somerset House.

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, Esq.
SECRETARY—M. J. Mateormaek, Esq.

The Dir ctorP of the Life Association of England having
secured the influence of very valuable connections throughout
the United Kingdom. in mist 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 upon the business of Life Assurance on the 15th
July next, on which day a comp ete prospectus, detailing the
plan of the Company's iipeiations, and containing tables of
rates, will be issued to the public.
Arrangements also have already been absolutely made by
which a large businesq 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 rec,nstrnc-
tion of the system f Life Assurance, on a plan devised by
their Consulting Referee, by which the Association's business
transactions will be rendered perfectly equitable in opera-
tion, and afford the best security, whilst the Association will
be placed in the be t condition to fulfil Its future engage-
ments. The plan in question will be well adapted to the
wants of the People, aflordimf all the a vantages of present
Life Offices, and some of those of a dank. It will also ope-
rate at less risk, less expense, and lower premiums than
offices ordinarily cJnstituted.
The Directors, therefore, confidently anticipate a very
handsome dividend from the first year of business opera-
tions.
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 limitei to the amount
unpaid on their shares.
'1 he 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 r..tard to economy.
Prospectuses and all other information may be obtained
from, and applications for the remaining shar' s, and for
Agencies. may be made to, the Secretary, at the Office of the
Company, or the Bankers, Solicitors, and Brokers before
mentioned.

TI-lIRTIETH REPORT of the UNION BANK
if LO \ DON.
P. NORTHALL 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. Fleetwood P. Wilson, Esq.
John Scott, Esq. John Gilchrist, Esq.
Leo Schuster, Esq. Wm. Scholefield. Esq., M.P.
Sir John Musgrove, Bart., I Thomas Augustus Cribb, Esq.
Aldetman.
At a General Meeting of the Proprietors, held at the Court
Room of the Yanking House, 2, Princes-street, Mansion
House, on Wednesday, the Bth of July, 1863,
P. NORTH ALL LAURIE, Esq., Governor, in the Chair,
the followi. 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 net profits for the
six months ending 30th June la t, after payment of all
charges (including the sum of £82,08 17s. 4d. for interest paid
and due to custom rs on their current and dept sit accounts),
and making due provision for all bad and doubtful debts,
amount to £,9,446 11s. 'Od., which, with the sum of £25.222
10d. brought I orward from the 31st December last, leaves
for appropriation £114,668 12s. Rd.
The Directors have now the pleasure of declaring an in-
creased Dividend of 185. per share, clear of income tax, for the
six months ending 30th June last.
After payment of the above, amounting to £64,000, and ap-
propriating £50,000 to the Reserved Fund, which will thereby
be raised to £llO,OOO, there will remain a balance of £668 12s.
Bd. to be carried forward to a new Profit and Loss Account.
The followina D rectors reti e by rotation, viz.:—
Leo Schuster, Esq.,
Wm. Sch lefield, Esq., M.P., and
John Gilchrist, Esq.,
who, being eligdple, offer themselves, and are recommended
by Court, for re-election.
London. Bth July, 1863.

THE UNION BANK OF LONDON.
For the Half-year ending 30th June, 1863.
GENERAL BALANCE.
Da. LIABILITIES.
£lO per Share paid up on
added out o
Capital £2stPterwSraraeresf6"oo
Reserved Profits 120,009

£720,000 0 0

Due by the Bank on Current Accounts, Depo-
sit Receipts anciuding Interest accrued),
and other Obligations 14,833,427 1 c
Reeerveu Fund, invested in Consols, as per
Contra
Rebate on Bills not due
Balance at credit of Profit and Loss

50,000 0 0
17,645 17 10
114,668 12 8