The Sun.
London, England, 1865-03-31 00:00:00

ABRIDGED PROSPECTUS.

1. This Company was established last year for the pur-
pose of extending the benefits of Life, Fire, and Guaran-
tee business generally throughout Great Britain, France,
Europe, India, the Colonies, and other parts of the world,
and to offer greater facilities for effecting the same at such
reasonable rates as experience has found to be safe and
practicable ; the Company having already done a large
amount of business in this country, and established influ-
ential Boards in Paris, Florence, and the Mauritius, with a
thousand active agents throughout France, they now come
before the public for the purpose of still further extending
their operations at home and abroad.
2. Life Assurance is the most beneficent institution ever
established by man, and is making great progress in this
country, while on the Continent its great advantages aro
beginning to attract attention ; the present is, therefore, a
most favourable time for this Company to establish its
business throughout Europe, and as its policies are indis-
putable, except for fraud, there is no doubt it will succeed.
3. The profits will be divided among the shareholders by
paying 5 per cent. half yearly, all the profits of the general
business yearly, and 20 per cent. of the life profits as a
bonus every five years. This liberal division of profits will,
it is believed, make the shares in the Company very valu-
able.

4. Fire Insurance.—The question of the reduction of
duty on fire policies having been settled by the House of
Commons, it is expected that Mr. Gladstone will reduce the
duty to is. per cent. immediately, which will give such an
impetus to this description of business, that the revenue
will not suffer, while the benefit to this Company by the
introduction of new business will be immense.

5. Guarantee.—.A liberal and extended system of guaran-
tee has long•been felt as a commercial necessity, which this
Company proposes to supply, and by good management it
will no doubt secure the support of the commercial world.
6. The influential Councils of Administration already
established in Paris, Florence, and the Mauritius, with
those now in course of formation in the chief States of
Europe, will, it is believed, enable this Company not only
to extend the business of Life and Fire Insurance, but also
place it in a position to negotiate concessions of works of
public utility, and to assist States and individuals in the
development of their resources, by introducing sound and
beneficial undertakings to capitalists and finance companies
in this and other countries.

7. Part of the capital of this Company having been sub-
scribed last year the Directors commence business, and thus
tested the promises of support made from various quarters.
The result was the receipt of 1,272 proposals, amounting to
£1,034,431, which they consider most satisfactory ; and
having established various agencies and councils of ad-
ministration on the Continent, and having also received
offers of business from other quarters, they now feel justi-
fied in offering the remaining shares to the public, as the
present business will pay a fair rate of interest, while the
increase they have a right to expect will make the shares
a safe and valuable investment: _

8.. In the event of no allotment of shares being made,
the deposit will be returned in full. Should a less number
ehere4 be wetted thou are applied for, the &Twit will