The Sun.
London, England, 1864-04-21 00:00:00

DIRECTORS.

J'oha Downes, Esq. (Messrs. Downes and Scott), Upper
Thames-street, Director of the National Provinoial
Marine Insurance Company.
"George Haines, Esq., Merchant, 36. Lombard. street.
John Ingledew, E9q., Cambridge House, Lee Park, Kent.
William Knight, E.,q. (Messrs. William Knight and Co.),

83, Lombaid-street.
Henry Lalge.rd, Esq., Forest-hill, Kent.
George S. Symons, Esq. (Messrs, G. S. Symons and Co.),
20 and 21, St. liunstan's-hill.
John E. Tibbs, Esq. (Messrs. J. E. Tibbs and Son),
Threadneedle-street, Director of the Staffordshire Roll-
ing_ Stock Company.
dames Lunham, Esq. (Messrs: James Lunham and Co.),
251, High-street, Borough.
J abez Voss, Esq. (Messrs. Voss, Meek, and Co.), Billiter
_square.
Walter Brodie, Esq., 13. Delamere•terrace, Hyde-park,
late Member of the dime of Representatives, New
Zealand.
(Influential nain':,a in Manchester and Liverpool will be
immediately added to the Direction.)
33 .
ANkERs--•The Metropolitan and Provincial Bank, 79,
Cornhill, E.C.
SOLICITORS—Messrs. Bennett and Stark, 4, Furnival's
Inn, Holborn.
I.t9liElts—Messrs. Scrutton and Son, 81, Old Broad-street.
AuDrrons —Messrs. Cash and Edwards, Public
Accountants, 13, Tokenhouse-yard, E.C.
°ENERAL AND RESIDENT MANAGER—Mr. Robert Steers.
SECRETARY—Mr. George Drew Hodges.
Orercrs-29, Nicholas-lane, Lombard .street, E.C.
This Company has for its purpose the transaction of the
Linnortant and remunerative business of Fire Insurince,
end that only, to the exclusion of other branches of busi-
Ziess not unusually associated with it, under the same direc-
tion, and operating on one and the same capital. The
Directors are satisfied that the scope for the business of fire
insurance presented by this country and its dependencies,
is, as a commercial speculation, deserving of paramount
attention ; and, the contract being one terminable annually,
the profits or loss arising determine in like manner, year by
year, and exhibit at once a company's financial position
and its resources.
While the partial remission of the fire insurance duty
tow in the contemplation of Government, and applicable
only to the insurance of stock-in-trade, will afford a corn-
Paratively limited relief from the onereus oppression, the
Directors have resolved to allow upon payment for every
Policy, and afterwards at each renewal, an immediate draw-
back, which, in many instances, will amount to a total ex.
Unction of the entire duty of three shillings per cent.
To the public at large, and to the greater proportion of the
Manufacturing and metcantile community, this arrange-
Ment will prove a highly acceptable advantage. The draw-
back allowed by a few of the older offices by way of per
tentage on premiums, at intervals of years, is of im-
portance only to those who are rated at premiums ranging
chiefly from one guinea per cent. upwards, and is partici-
a)ated in only by those who may have premiums to be re-
mewed at the period of the making of these returns ; whereas
by the principle adopted by this Company, the owners of
the classes of risk of the more ordinary occurrence, are
they who will be the more substantially and at the same
times promptly benefited..
The concession to be thus made to the public will ter
tainly be the means not only of increasing in their respec-
tive amounts insurances now existing, but of multiplying
to a very large extent the number of insurance contracts in
this country and its colonial connections.
The insurable property in this kingdom alone, including
its enormous and increasing importations arising from the
wise interchange of tariffs, is believed to approximate to
,000,060,000, whereas £1,300,000,000 only is insured ;
thug leaving nearly three-fourths of the insurable amount
altogether unprotected from loss.
It would be difficult to find any class of investments which
has yielded such large profits as the shares of well-con-
ducted fire offices. The shares of the older offices have in-
creased in value immensely, being, in one case, at a pre-
taium of about 1,300, and iu another of nearly 2,000 per
cent, on the sums ori inally paid up. The increased value
Of the shares of offices established within the last 20 years
stands at from 80 to 200 per cent. im
It is under these circumstances, and considering the
n
e-se field presented for operations to come, that the direc-
..ors
t_ have taken advantage of so favourable a.n
businessopportunity
zo offer to the public the benefits of the principle t
-00! adopted by them ; and they have every reason is
Which e
that by its special feature and the public supper
en
that must necessarily invite the undertaking will
-7,44 be productive of the best monetary results.
en he executive will be entrusted to officers of tried experi-
c,e in the business of fire insurance, and the directors have
tnreLatlY matured arrangements for the immediate establish-
,Tl” of five hundred agencies.
4he directors desire to give the most unqualified assur-
ance to the public that nothing of the nature of frivolous
e_objections to a prompt and liberal settlement of claims for
tiielzmPensation will ever be entertained or countenanced by
Forme cf application for shares may be had at the offices
et
i3e. Company, or of the Brokers, Bankers, or Solicitors.
e event of no allotment being made, the deposit will
be returned in full.

•
FORII OF APPLICATION FOR SHARES.
To the Directors of the Independent Fire Insurance
Company, Limited.
Gent:emen,—Having paid to your • the sum of
, being a deposit of £1 rer share on shares in
the
above Company, I hereby request that you will allot me
bq Vaal number ; and I agree (according. to the form prescribed
the Articles of ASSO3latioll) to accept such shares, or any
41ss number you may allot me, to pay £1 les. p r share on
allotment, and to execute the Articles of Association when
Teinired ; ant I request that my name may be placed on the
gister of Shareholder for the shares so allotted.
Name in full
Residence
Profession or business
Date

Post-office orders and bankers' cheques (crossed to the Com-
pany's bankers, to be made payable to the becretary of the
Company.
"Secretary," or "Backer," as the case may be.