The Sun.
London, England, 1852-01-21 00:00:00

LONDON,

when an additional sum was voted to them last year
they showed some reluctance in receiving it.—
(Cheers.) The association, be thought, was now
going on pretty fairly ; about 7 per cent. on the
policies granted was something like the money they
bad in hand, and he believed the best authorities would
tell them that they might get rid of their risks for 5
per cent.—tbus showing they had already a profit of
2f per cent.—(Hear.) Though he had the misfor-
tune to differ with the directors on some points, still
he was of opinion that they had always acted with the
best intention, and he considered they might be safely
left to choose better premises for the society if they
were necessary, and to determine the additional
salary to be given to the clerks, without any motion
being passed on the subject. They would exercise
their discretion on those two points, guided by the
wish expressed at that meeting.—(Hear.)
The CHAIRMAN observed that the directors had
spent as much as 1231. in advertising during the past
year.

Mr. Woor.r,rir proposed a vote of thanks to the
directors for their great attention to the interests of
the society.

Mr. DURHAM, in seconding the motion, said
he was persuaded the alterations which had recently
been made would tend very much to promote the pro-
gress of the society. lie could bear testimony to the
great care, caution, and unceasing attention which
the directors had devoted to every subject that was
brought before them. They had been very anxious
to improve the appearance of the office, and if they
could have done so, they would long ago have
taken the whole of the premises in Moor-
gate•street for the purposes of the association.
They were, however, desirous of seeing the society
placed on a permanent and sure footing as regards
the amount of business transacted ere they took so
important a step. They had hitherto exercised a wise
economy, but he thought they might now safely
expend a little more money in advertising and in
visits to the provinces.

The CHAIRMAN stated that the directors would take
both the subjects alluded to in the discussion into
their consideration at the ensuing meetings of the
board. It was not necessary to pass any motion with
reference to either of those questions.
Mr. WOOLLEY moved that a sum of 5001. be
awarded to the directors for their services during the
past year. Some might treat this as a payment to
the board, but he rather looked upon it as a mark of
approbation, for 5001. was nothing like an adequate
remuneration for the efficient services that had been
rendered. They were extremely fortunate in having
so respectable and able a directory on such reasonable
terms.— (Hear.)
Mr. GEORGE moved that the sum be reduced to
4001. He said that the alteration in the rules took
place upon the recommendation of the committee ;
and he had the opinion of Mr. Finlaison, a gentleman
who considers before he gives an opinion, that when
a man pays ss. he is entitled to have out of the society
ss. worth. He objected to the committee having so
large a sum as 5001., inasmuch as they have
taken away from the large majority of the
members the right which they held out when
they commenced, of participating in the benefits arising
out of the benevolent fund.

The amendment fell to the ground, there being no
seconder of it.
A MEMBER, moved that the sum should be 6001.

The CHAIRMAN hoped the Hon. Gentleman would
withdraw that motion.

Mr. BELL thought it would be beneficial to the
interests of the association to make the sum 6001.,
therefore he would second that preposition.
The CHAIRMAN put the amendment, which he
said he hoped would not be carried, which was, there-
fore, negatived, and the original proposition was car-
ried, with only one dissentient (Mr. George).
Mr. WELCH—Gentlemen, I rise with great plea-
sure to propose that our excellent Chairman be re-
elected a manager of this society.—(Cheers.) It is
quite unncessary for me to say one word upon his
merits, you know them as well as I do.—(Hear.)
I will not, therefore, detain you a single moment
longer, but simply propose to you his re-election.
The motion having been seconded, was put and
carried by acclamation. _ _

Mr. Samuel Jepps, Mr. S. Notley, and Mr.
Richard Price were also, upon the motion of the
Chairman, unanimously re-elected managers.
Mr. Edward Coleman, Mr. Charles Woolley, and
Mr. S. Wood were next elected auditors for the en-
suing year, and 151. 15s. voted to the auditors of
last year.
A MEMBER wished to know if it was intended to
adopt the deposit system in the Life Assurance De-
partment ?
The CHAIRMAN replied in the negative. It would
be contrary to the Act of Parliament.
Thanks were then voted to the Chairman, who
briefly acknowledged the compliment, and the meet-
ing terminated.