The Sun.
London, England, 1865-07-26 00:00:00

THE LONDON AND COUNTY BANK and all its
BRANCHES, and Messrs. PRESCOTT, GROTE,
CAVE, and CAVE, are autborisei to receive APPLI-
CATIONS for SHARES in the
ACCIDENTAL and MARINE INSURANCE
CORPORATION (Limited).
To be Incorporated under " The Companies Act, 1862," by
which the Liability of each Shareholder is limited to the
amount of his Shares.
Capital £2,000,000, in 80,000 Shares of £25 each.
First Issue, 40,000 Shares.
£1 per Share to be paid on Application, and £4 on Allot-
ment. No further Call is contemplated.
DIRECTORS.
Alfred Smee, Esq., F.R.S., Chairman of the Accidental
Death Insurance Company.
Stephen Cave, Esq. (Messrs. Prescott, Grote, Cave, and
Cave).
J. G. B. Lawrell, Esq., Directors of the Accidental
E. S. Kennedy, Esq.,
Edward Solly, Esq., F.R.S., Death Insurance Company.
William Tabor, Esq., Chairman of the Gresham Life
Assurance Society, and Director of the Imperial Bank
(Limited).
Geo. Lowe, Esq., C.E., F.R.5.,1 Directors of the Gresham
George Tyler, Esq., f Life Assurance Society.
John Savill, Esq.
Frederick Doulton, Esq., M.P., Metropolitan Board of
Works.
George Smith, Esq. (Messrs. George Smith and Co.), 86,
T ower- street.
J. G. Tollomache Sinclair, Esq., The Mount, Upper Nor-
wood, and Thurso Castle, N.B.
BANKERS.
London and County Bank, and all its Branches.
Messrs. Prescott, Grote, Cave, and Cave, Threadneedle-
street.

SOLICITORS.
Messrs. Chappell and Shoard, 26, Golden-square.

BROKERS.
Messrs. Mullen, Marshall, and Co., 3, Lombard-street.

SECRETARY.
John Whit© Oram.
HEAD OFFICE-7, Bank-buildings

itiVRINE DEPARTMENT-21, Threadneedle-street.

PROSPECTUS.

This Company has been formed to take over the busi-
ness 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 Company (empowered by special Acts of Parlia-
ment, 15 Vic., c. 56, 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 steadilyincreasing nature of its operations:—
THE ACCIDENTAL BRANCH.
1850
1851
1852
1853
1854
1855
1856
The Income of this Branch for last year was £19,489
19s. 10d. _ _ .

Tho Claims in respect of the above Premiums have not
exceeded GO 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-
preciated by the public. Tho 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 more 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 are
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 tho Di-
rectors of the Accidental Death Insurance Company,
whereby the 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 Association may be seen at the
Office, No. 7, Bank-buildings, and at the Offices 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 be retained by the Bankers.)
To the Directors of the Accidental Marino Insurance Cor-
poration (Limited), 7, Bank-buildings, E.O.
Gentlemen,—
Having paid to your Bankers the sum
of £ , being a deposit of £1 per Sharo on
Shares in tho 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
to pay the sum of £4 per Share on allotment ; and I au-
thorise you to insert my name on the Register of Members
for the number of Shares allotted to me.
Name in full

Address
Profession
Date
Signature

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