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

GENERAL EXCHANGE BANK
(Limited).
NOTICE IS HEREBY GIVEN, that the LIST of
APPLICATIONS for SHARES in this Company will be
CLOSED on SATURDAY NEXT, July 22, for London,
and on MONDAY, July 24, for the Country.
By order of the Board,
THOMAS BRADLEY, Secretary.

July 15, 1865.

THE LONDON AND COUNTY BANK and all its
BRANCHES, and Messrs. PRESCOTT, GROTE,
CAVE, and CAVE, are authorised to receive APPLI-
CATIONS for SHARES iu 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
nLlnanelsvcuiryr tte,llnEc
gEe Company.
E.
Directors of the Accidental
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).
(leo. Lowe Esq., C.E., F.R.5.,) Directors of the Gresham
George Tyler. Esq. f Life Assurance Society.
'John Swill Esq.
Pi,
derick Deulton, Esq., M.P., Metropolitan Board of
Works.
George Smith, Esq. (Messrs. George Smith and Co.), 86,
To wer-street.
G. Tollemache Sinclair, Esq., The Mount, Upper Nor-
wood, and Thurso Castle, N.B.
- BANKERS.
London and County Bank, and all its Branches.
Ilessra. Prescott, Grote, Cavo, and Cave, Threadneedle-
street.

Messrs. SOLICITORS.
Chappell and Shoard, 26, Golden-square.
Messrs. BROKERS.
Mullen; Marshall, and Co., 3, Lombard-street.

SECRETADY.
John White Oram.
HEAD OFFICE--7, Bank-buildings.
MARINE DEPAILTXENT-21, Threadneedle-street,

POS
This Company has been formedPECTUS to. take over the busi-
ness of the Accidental Death Insurance Company—the
existing constitution and capital of which aro 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, embracinc, the amount of Premiums
since the commencement of the Company, shows the pro-
gressive and steadily increasing nature of its operations:-
-

• THE ACCIDENTAL BRANCH.
11885501 ....... ....... ..
.... £1,228 1 6 1857 £25,530 3 10
,A 668 15 7 1858
33,260 0 0
1852 ............ 6,326 2 5 1859
1853 ............ 10,752 - 3 9 1860
1851
......... :: . 15,103 13 9 1861
11885565 ............ 18,059 10 8, 1862 41,541 15 9
........... 21,762 3 2' 1863
The Income of this Branch for last year was £49,489
19s. 10d.
The 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,
of 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. The capital of the Accidental
Death Insurance Company has hitherto compelled the Di-
rectors to liniit 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 00 granted to an extent which it is believed
clwill
sattract largo numbers.of the higher and more wealthy
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
thvalue—indeed, the directors confidently believe that all
iat is required to secure a rapid increase in the existing
r
_ istnesss is a proper adaptation of modern requirements as
egard capital
A. provisional agreement has been . made with the Di-
rectors of the Accidental Death Insurance Company,
.yherhy the business will be handed over to the Corpora-
"ioU as
llts• from the Ist July last, with the offices, staff, and
Ts -rrep rie
t For
to rs ever
ofy
the twoAccidenta shares of .£5
Death Insu with £1 pranceaid, heCom-
ld by
.„'l
fiasY, there will be given a certificate of ono share of the
Accidental Marine Insurance Corporation(Limited)"
'with x- . and
tr, ~ . a paid. This will absorb 10,000 shares ; the re-
--rui,- 30,000 are offered to the public.
Om,
copy of the Articles of Association may be seen at the
lt,•,,iior„ , '
No. 7, Bank-buildings, and at he Offices of the So-
and Brokers of the Company.
fo Applications for Shares, accompanied by a remittance
t 1111•116 deposit, may be made to the Bankers, Brokers, and
firttria Secretary at the Chief Office, on the accompanying

ACCIDENTAL AND MARINE INSURANCE
' CORPORATION (Limited).
RORIII OP APPLICATION FOR SHARES
(To be retained by the Bankers.)
rito the Directors of the Accidental Marino Insurance Cor-
poration (Limited), 7, Bank-buildings, E.O.
n Gentlemen,—
of
.aying paid to your Bankers the sum
shares
in the above Comppany, I hereby request that you
;11ares 1I allot me that number ; and I agree to accept such
t 7 or any less number you may allot tome, and I agree
tll P 2 tho bam of £4 per Share on allotment ; and
fo°—e You to insert my name on the Register of Members
r the number of Shares allotted to me.
Name in full
Address
Profession
Date
Signature