The Sun.
London, England, 1853-01-25 00:00:00

ON THE ORDINARY SYSTEM.

The sum the ordinary
The sum the Life Offices would give
ordinary Life him if he were unable
Offices would to pay, or if he omitted
At the His give him for to pay his current
end of policy the surrender annual premium of
7.4 Annual thirty at that or sale Si. 6s. 3d. after he has
7.; premium years when age, of his policy, • paid into their coffers
to assure the party in case after thirty 2491.78.6 d., and which
500/.* is fifty of years'payments they have had the use
years old, death amounting to of at compound
hewillhave will be 2491.75. 6d. interest,t or in
paid into worth which theyhave the event of his death
the office. had the benefit one hour after such
of at compound omission or inability
interest. to pay.
little more
20 8/.65. 3d.1249/.75.6d. 5001. than 801. rtOTIIING.
perhaps 901.
ON THE DEPOSIT SYSTEM.
- -
Ifnnableto pay, or not
desirous of paying or
omitting topay,thePo-
Hey would still remain
of its FULL value,
522/.28.7d.ti1l death, if
20 years after, no fur-
ther payment beingre-
quired. Ifhowever the
party, from any cause,
wished to cancel the
Policy, he could not
onlydraw out all hehas
put in, viz., 225/., but
20 ii. lOs Od 2251. 5221.237 d 2871. 2s. 9d.
which is more
2s. 9d.
certain. bthoneusbaorgfa6l2.l;
than one-fourth of the
whole of his payments,
or he could either draw
out a part, 201. or 501.,
diminishing the Policy
only by the assured
value of the sum SO
drawn out at the age
when withdrawn. See
pagess and7in detailed
pamphlet, by
F. G. P. Nelson, Esq.
* The rates here selected are those adopted by the English and
Cambrian Office, and adverticpd its distinctive features as low

rlantmesoosft
former Equitable
thepaarltelbcule
' The rates here selected are those adopted by the English and
Cambrian Office, and advertised in its distinctive features as low
premium,o and professedly for the lower and midd:ing classes.
,atrhlyesethreatoesl dwereeolndehs
e,
muchsuclt hasighthere.
l Scottishtiie
of 101. 7s. 6d., with 10 shillings per cent. entrance fee, would
be the rate to insure 500/. at 20 years of age. In the latter 81. 135 4d.,
to iha ure the same sum. Thehigher the rate the more in favour of
the DEPOSIT system.
t Money laid out at compound interest nousLEs ITSELF every four-
teen years.
On comparison of these two tables it will be seen that a person
under the novel system of DEPOSIT assurance can secure the follow-
ing advantages, viz., l st. For a less sum, paid annually, he can assure
a larger sum in case of death than under the ordinary system.
2ndly. In the event of a desire to surrender his Fancy he can receive
in this Company, by the above example, which applies to all ages,
TIDIER times as much as on the ordinary system. 3rdly. In the event
of Inability or omission to pay, his policy remains still his property,
of the same value as it was, though he cease his current payments
for any number of years; whereas on the ordinary system, he gets
nothing. 4thly. Should he require to increase or decrease the
amount of his policy he can do so at pleasure. He can, at any time,
by giving a fortnight's notice, withdraw any part from 11 up to the
whole amount of his previous payments and with interest. After he
has withdrawn part one year he can, by a single payment, three
Years, or any time afterwards. raise his policy to a greater or even
is former amount ; and by this system he can at all times regulate
his annual savings by his annual expenditure, with the facility in the
bargain of having a fund to fly to in case of necessity, the same as
in a bank, with this palpable advantage, however, that he gets inte-
rest for his money, and in case of death his family receive mere than
the amount of his savings. In ordinary Life Offices be can do no
such thing, but his policy at once lapses or is cancelled the moment
he ceases to pay his current premiums, and, instead of having any
fund to fly to for aid, all his hard-earned savings become forfeited to
the society, and his misfortunes serve to benefit the pockets of his
more fortunate co-assurers.
Such a system is too equitable and too striking to be overlooked
and DEPOSIT assurance is the only system of assurance which can be
eniversally recognized and adopted when the principles are impar-
tially canvassed, and its palpable benefits become widely diffused. It
confers greater advantages than a bank because it allows a fair rate
of interest in case of withdrawal, and gives twice the amount in the
hands of the Company to the representatives of the Depositor in
case of death, thus combining the
ADVANTAGES OF A BANK WITH TILE BENE,FITS OF

AN ASSURANCE COMPANY.
In case of endowment assurances the advantages of the DEPOSIT
system aro still more striking.
ADVANTAGES OF TIIIS COMPANY UNDER THE ORDINARY

LIFE ASSURANCE BRANCH.
To those who prefer this branch Policies are granted fromlol. to
5,0001. on every known principle thereof.
Lives in all but the worst stages of disease, and such as have been
rejected by other Offices, are taken at rates equivalent to the parti-
cular disease.
Loans from 501. and upwards granted on every kind of security,
real or personal, on the most equitable terms to the borrower
Annuities of every description granted on very favourable terms.
Non-forfeiture of a Policy —ln case of inability to pay the currant
premiums, the Directors will either purchase the Policy at a fair
market value, or give a new one in lieu thereof, less 5 per cent., inte-
rest corresponding in amount to the whole of the prev.ous payments
which have been made. -
Detailed prospectuses with tables in further illustration of the De-
posit system, and any further information may be obtained on appli-
cation to the Agents in the country, or to
CHARLES W. BEVAN, Resident Secretary.

N.B.—Agents wan todltt all parti of the World.

CHARING CROSS HOSPITAL.—The annual statement
of the operations of this hospital mentions that in the
course of the last year 16,236 indigent sipk persons were
admitted on the books for relief, at a cost of 2,553/. 4s.
Oid. ; of these, 1,282 were in-patients, and 15,204 were
(manyouontiposa,tiaenntdsthe
greater of
whompt were w
e r erestored visited
at t
o tthheei r ow n
h
bless-
ings of health and to their occupations for the support
of their families). These, with the cases reported in
ar
former annual statements, make a total of 221,144 sick
and needy individuals who have partaken of the advan-
tages of the institution from its commencement, in 1818,
to -the. 31st December, 1852. The committee thankfully
acknowledge the very kind contributions to the hospital
during the past year, and also the liberal donations to the
fund for the completion of the building, and the fitting up
of four additional wards for children and tho younger class
of patients. Upwards of two-thirds of the amount required
for this important purpose have now been raised, and the
committee hope for such further assistance as may enable
them to accomplish the object of their solicitude during
suddenofan-
nuallyin injuries which had been brought to the hospital
as to re
thewer
were
preceding year. These cases have, during the last
1,404 were with letters amountedrequire
et to 2,428, of which 324 were so dangerous
year,
immediatelyadmittedrecommendation,
admittedduring itnh-opaatn lasti in-patients. tls4. ,
year,BoB2f
2mBi6tted without anyrecoinmendation. The charity
was in operation for fifteen years as a dispensary, before
the opening of the present hospital in 1834, during
which period, viz., from the year 1818 to the close of
1833, it afforded relief to 36420 patients at a cost
of 6,886 e. tie, Bid.