The Sun.
London, England, 1865-04-21 00:00:00

Amicable Society.

The court of directors are now enabled to bring under
the notice of the members a plan for the future manage-
ment of the affairs of this society, consequent upon the
final refusal of the Economic Society to proceed with the
proposed transfer to them. This plan the directors trust
will be considered satisfactory and meet with general ap-
proval, as securing to the assured in this society the utmost
that can fairly be expected in liquidation of the claims upon
the policies as they fall in, with the advantage of a lien
upon the present realized capital of the society to meet the
payment of the claims. Although some months have elapsed
in arriving at this point, it may be satisfactory to the mem-
bers to be informed that the time has been expended not
merely in maturing the present proposal, but also in a pre-
vious negotiation with an office of well-known character and
stability, to effect a transfer upon terms mutually advan-
tageous, but which it appeared that the restricted powers
of that society precluded their carrying into effect. The
directors have now concluded a provisional arrangement
with the Norwich Union Life Insurance Society, by which
that society, assuming the assets and liabilities of the
Amicable, will guarantee the payment of all claims. on
Charter policies, whenever falling due, at the rate of £227
for every share of £2OO ; and also the claims on bonus
puoploincietzethprine fuctipurleesaddidetaititoendsb3h
beingte calculated in every year
society's Act of Parlia-
ment and bye-laws, and based upon the sum of £227 as the
permanent annual actual dividend per share ; thus placing
the bonus policy-holders upon an equal footing with the
holders of Charter policies. The Norwich Union Society
will receive the annual contributions in respect of the
Amicable policies and the income from the Amicable in-
vestment. But the whole of the property of the Amicable
Soe
ppieatyilsietd i to
be;a vested in and managed by trustees, and is
to be aid of the contributions and income towards
the payment of claims. Thus, to the Amicable assured on
the Charter system, the actual dividend, now fluctuating
with the mortality and events of the year, will be fixed at
the permanent sum of £227 per share, and the bonus
policy-holders
will have the benefit resulting from
this dividend ; in each case without diminution for
future expenses of management, and free from all
risk of loss or reduction of the dividend. This
amount of £227 is in excess of the actual dividend
payable for the past year, ending on the 4th April inst
and has been found to be the utmost that could fairly be
expected by the assured in this society. In this statement
the directors are confirmed by the opinion of Professor De
Morgan. The directors have had the opportunity of ascer-
taining the soundness and stability of the Norwich Union
Life Insurance Society,which is an office for mutual assur-
ance, with an accumulated capital of about £2,000,000
sterling, and annual income from premiums and investments
exceeding £230,000 per annum. Their affairs and capital
are nearly distinct from those of the Norwich Union Office.
A memorandum of terms, embodying the details, signed
on behalf of both societies (a printed copy whereof accom-
panies this letter), will be submitted for the approval of
the general court ; and the directors confidently and unani-
mously recommend its adoption.

THE PRITCHARD CASE.--We understand that at
an early date Dr. Pritchard will be examined by the
Procurator-Fiscal before Sheriff Sir A. Alison as to the
death of Mrs. Taylor. In connection with this unhappy
case, we notice that the household furniture, surgical in•
struments, scientific apparatus, and library of Dr. Prit-
chard, are advertised to be sold by public auction.--Glas-
gow Evening Citizen.