The Sun.
London, England, 1865-07-21 00:00:00

PROSPECTUS

This Company has been formed to take over the basi-
tess of the Accidental Death Insurance Company—the
existing constitution and capital of which are now found
to be inconvenient and inadequate to its recently largely
extended operations.

That Coinpany (empowered by special Acts of Parlia-
ment, 15 Vic., c. 50, and 22 and 23 Vic., c. 22) was founded
in 1849, with a nominal capital of £250,000, in 50,000
shares of £5 each, of which 20,000 have been issued. The
following statement, embracing the amount of Premiums
since the commencement of the Company, shows the pro-
gressive and steadily increasing nature of its operations:—

THE ACCIDENTAL BRANCH.
1850
1851
1852
1853
1851
............ 15,103 13 9 1861
-
1855
1856
.......... 21,762 3 2 1863
The Income of this Branch for last year was £49,489
-19 s. 101
The Claims in respect of the above Premiums have not
exceeded 60 per cent.
The business of the Company has been to provide any
amount at death, from accidental causes, from £5O to £2OOO,
or any amount of weekly provision during complete dis-
ablement, from 10s. to £2O per week, or to provide a sum
at death and weekly compensation together, at arranged
rates of premium. The advantages to the community of
this system of insurance must be apparent, and the figures
above manifest the manner in which they have been ap-
Deciated by the public. The capital of the Accidental
Death Insurance Company has hitherto compelled the Di-
rectors to limit the sums insured, thus confining the ad-
vantages of insuring to a certain class. With the larger
capital and influence of the proposed Corporation, in-
surances may be granted to an extent which it is believed
will attract large numbers of the higher and morn wealthy
classes.
The Accidental Death Company commenced under-
writing in 1862, but the successful development of opera-
tions in Marine Insurance has been retarded by the inap-
propriateness of the name for a Marine Company. With,
however, a change of title and constitution, and an ade-
quacy of capital, the. Company will without doubt obtain
that support to which it is fairly entitled.
The accounts of the recently formed Marine Insurance
Companies, which have exhibited good dividends and
shown prospects of great value, leave no doubt on the
minds of the Directors that at any'rate equal success will
attend the efforts of the Corporation in this direction. The
services of a gentleman of experience have been secured as
Underwriter.
The extensive machinery of agents (of which there aro
between 4,000 and 5,000) is in full work, and is of great
value—indeed, the directors confidently believe that all
that is required to secure a rapid increase in the existing
business is a proper adaptation of modern requirements as
regards capital and position.
A provisional agreement has been made with the Di-
rectors of the Accidental Death Insurance Company,
whereby tho business will be handed over to the Corpora-
tion as from the Ist July last, with the offices, staff, and
agents. For every two shares of £5 with £1 paid, held by.
the Proprietors of the Accidental Death Insurance Com-
pany, there will be given a certificate of one share of the
"Accidental and Marine Insurance Corporation(Limited)"
'with £5 paid. This will absorb 10,000 shares ; the re-
maining 30,000 are offered to the public.
A copy of the Articles of Ai3sociation mayffice be seen at the
Office, No. 7, Bank-buildings, and at the Os of the So-
licitors and Brokers of the Company.
-Applications for Shares, accompanied by a remittance
for the deposit, may be made to the Bankers, Brokers, and
to the Secretary at the Chief Office, on the accompanying
form.

ACCIDENTAL AND MARINE INSURANCE
CORPORATION (Limited).
FORM OF APPLICATION FOR SHARES
(To bo retained by the Bankers.)
To the Directors of the Accidental Marine Insurance Cor-
poration (Limited), 7, Bank-buildings, E.O.
Gentlemen,—
of Having paid to your Bankers the sum
, being a deposit of £1 per-Share on
Shares in the above Company, I hereby request that you
will allot me that number ; and I agree to accept such
Shares or any less number you may allot to me, and I agree
toay the sum of £4 per Share on allotment ; and I au-
til'ns, you to insert my name on the Register of Members
or he number of Shares allotted to me.

Name in full
Address
Profession
Date
Signature Its. tart tittett.stit ttttttttttttt

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