The Sun.
London, England, 1862-06-18 00:00:00

BT ELECTRIC TELEGRIFII.

ASCOT RACES—THIS DAY.
CORONATION STAKES.
Omoo filly
Ellen Middleton filly
Gorse
Six ran.

SWEEPSTAKES OF 10 SO VS.

1
Snapshot..
2
Pellucid
Surbiton Hill

Nine ran.

THREE-YEAR-OLD BIENNIAL.

Carisbrook
Lord Burleigh
3

Alert° ...
Nine ran.
FERN HILL STAKES.

........ 1
............
Orphan
........ 2
Bertha
3
..............
Gentillraurne . .

Peignoir
ROYAL HUNT CUP.

Canary .........
King of Diamonds,
Croagh Patrick

........
.. 2

Thirty-seven. ran.

BRITISH NATION LIFE ASSURANCE

SOCIETY.

GENERAL MEETING-(THIS DAY.)

The ordinary annual general meeting of the directors
and proprietors was held this afternoon at the new offices of
the society, 316, Regent-street.
George Bermingham, Esq., chairman of tho hoard of
directors, presided.
The usual routine business having been disposed of,
Mr. Lake, the manager, read the directors' report for the

past year, as follows :
have again to congratulate them on the pro-
" The directors, in submitting to the proprietors the fol-
lowingesreport,sperity of the association.
gr s
and
pr e
" During the year ending the 31st March last, the direc-
tors received the following in new business :-3,003 pro-
posals for the assurance of £612, 355, and issued 2,356
policies for the assurance of £483,743, giving a new
annual premium income of £16,364 55 6d. During
the year the association has also acquired by pur-
chase a further new income of £23,000 pee' annum. The
annual revenue from policies in force is £136, 965 10s 11d.
The invested funds and property, irrespective c.,f the sub-
scribed capital, amount to £257,861 17s. 7d., ant.l the an-
nual revenue on the same is £9,865 Os. 2d. The gross
annual income, therefore, from all sources, is
i-
£146,830.
"The claims by death during the year were upon 276 p
licies assuring £55,853 168. 7d.
" From the revenue account it will be seen that
there is a surplus on the year's transactions of
£20,991 9s. in favour of the association, being the
excess of income over claims by death and expenses of
every description. Annuities involving payments to the
amount of £1,207 Bs. 4d. per annum have fallen in during
the financial year by the deaths of nine annuitants, and two
reversions have also fallen in. The association has by
these incidents benefited to the extent of £11,398 in present
value.
"The directors recommend that the usual interest of £5
capital to the
per cent. per annum be paid on the paid-up
31st of March last, the close of the financial year, which
Au st.
may be received on and after the Ist of
" The directors who retire by rotation are, Col.
gu
being eli-
and Messrs. Anderson, Clarke, and Smith,
w ,
gible, are recommended by the board for re-ere-elution. The
auditors also retire, but are eligible for re-electioth
" The time having arrived for an actuarial inves-
tigation of the affairs of the association, the difectobe
rs
have caused the necessary arrangements to
made for that purpose, and the result of such
investigation will be communicated to the share-
holders as soon as it has been completed. To those, how-
ever, who are aware of the labour involved in the valuation
of upwards of 16,000 policies, it will be obvious that some
months must elapse before the result can be communicated.
The directors feel that they have cause to congratulate the
proprietors on the acquisition of offices so admirably-fitted
for the requirements of their large and increasing busi-
ness. The details connected with such an extensive
business as the receipt of more than eixty f
proposals each week, together with an income
de
amounting to nearly £150,000 per annum, mand a careful
organisation of labour. The circumscribed limits of the
previous offices have, in addition to many other inconve-
niences, offered obstructions to the more extensive develop-
ment of the resources of the institution. For, satisfactory
as the returns must be to the proprietary, the directors feel
that much ground has been unavoidably left unworked,
and that the facilitiesow affoed by increased sace, will
lead to a still further increaserd in the new business of the
association."
The CHAIRMAN, in moving the adoption of the report,
congratulated the meeting on the success that had attended
their operations during the year just closed. During that
period they had received no less than 3,003 proposals for
new assurances, and the number of new policies issued
amounted to no less than 2,356, amounting to £483,743,
which gave a new annual premium income of £16,36155. sd.
(Cheers.) The annual revenue of the company from policies
in force amounted to £136,965 10s. lid., and this, with the
invested funds and other property, irrespective of the sub-*
scribed capital, gave the sr,ciety a gross annual income of
£146,830. The business transacted by the society was of the
best and safest description; they sedulously avoided all those
alluring temptations held out to assurance companies, and by
so doing they had attained a position amongst the most
solid, the most reliable, and the safest assurance companies
in the metropolis. (Hear, hear.) They for the first time mec
in their new offices, and all would agree with him that
more commodious premises for the transaction of their busi-
ness' could not have been selected. They had now the
means of transacting any amount of business, and he hoped
that all the proprietors would individually assist in enlarg-
ing the sphere and augmenting the income of the British
Nation Assurance Society. (Cheers.)
The motion for the adoption of the report was carried
unanimously.
The retiring directors, viz., Col. Hammill, Messrs.
Anderson, Clarke, and Smith, were unanimously re-elected.
A cordial vote of thanks to the directors, and to Mr. Lake,
the manager, concluded the business of the. meeting.
After the business of the day was disposed of, the new
offices of the society became the subject of general conver-
sation, all agreeing that a more convenient, spacious, and
elegant suite of offices did not exist. The company
appears, either from choice or necessity, to have ignored
the usual palatial elevation, and contented itself with a
portico surmounted by a piece of stone sculpture represent-
ing Britannia holding a shield over a widow and child--th°
noble British lion keeping watch at the feet of our national
protectress. Unambitious, however, as the exterior may be,
as regards any attempt at rivalry with other edifices of recent
design, the interior is perfect ; admitting the most entire or-
ganisation that can be required for a life business very much
larger even than the corcpany is now doing. A long vestibule
leads to the public office, which is 74ft. long, 25ft. wide,
a
and 25ft. high. The fittings and desks are of polished oak;nd the office, which is capable of accommodating 30 clerks,
At the end of this
steeidde ofby it are the board-room 51 feet by 23 feet
messengers sen
feet—andge rs
is illuminated icelelauasmtreeir
eastern
the
gas " sunlights."
y
frooromel,e3rkso
feaentdb
strong and fireproof rooms, and the lavatories
wthhielewadietiw:
and medical examination rooms. One great peculiarity of
_antdheot:earlao:geeeess
the arrangementof these officee is, that thewhole
comprising ran eis on.
one level ; the area g
and thus
immediate communication can be held with any
person on the establishment.

MARKETS-THIS DAY.

MARK-LANE.

The supply of English wheat on sale here today was
small, and the trade ruled firm at fully Monday's quota-
tions. There was a moderate show of samples of foreign
wheat. In most descriptions sales progressed steadily, and
previous rates were well supported. Floating cargoes of
grain were in moderate request, and the currencies ruled
firm. For barley there was a fair demand at full quota-
tions. The supply on offer was by no means extensive. Itt
malt a fair average business was transacted at full prices.
The oat trade was steady, and the currencies were well
maintained. The show both of English and foreign pro-
duce was very moderate. Beans and peas, owing to the
limited quantity on the stands, realised extreme rates.
Flour moved off steadily, and the quotations were Ile
supported.

ARRIVALS THIS WEEK.
Wheat. Barley. Malt Oat% Iginitzko,',
English.. ...• .. 80
—I
' lei
--
1 9,00 blo.
Foreign...• •••• 8,090 3,940 _ 3,610

previous rates.
wants; nevertheless, BOROUGHfine
oarnoBll:pripor t
ket s confined to actual
The business doing in our mar
The accounts at hand from the plantations this morning
are not quite so satisfactorf•
„------
WHITBorAP
The supply of moat is moderato, and the trade, generally
speaking, rules steady, at the annexed currency :
B -
from 2s Gd to 4s; mutton, 3s 4d to 4s 6d; lamb, 5s
to 6s,eef
veal, 35 8d to 45 Ed ; and pork, 38 8d to 48 8d
;
EL.
per Sibs by
the caress°.
--- ------ ---

GREATcoh AesaltnCriA lEr
Architectural
h 0
i yearuil Society
LteOcGt
at L
IC.
aAL e i
ee
stGATHERING
will hold
l heh e
gi
at—st t
ng
will
[hoi
Linusual
autumno
e meeting
this
on Wednesday, Aug, 6. The Archmological
Associationm enocf Great Britain, the Leicestershire Architec-
tural c
and Archaeological Society, and the Northampton-
shire Architectural Society will also unite their forces on
2D Diocesan
the occasion. Au interesting feature of the proceedings
will be an excursion to Bosworth Field, one of the most
famous scenes in English history.
THE WEATHEB, AND THE CROPS,Searcely
_l..ay
has passed this week without more or less rain, d
con-
siderable apprehensions are beginning to be felt,onsasPneyLiati
as
for the potato crop, if the weather should continue
state of tempera-
;growth of the
it has been far some time past. The
and if warm,
teurorpesi.s also much mthuecwhhdowlee,ltthuepocnounastr7yrotaiorodil:sitelg
abundant harvest
dry weather succeed the late rains,
niaking has partially com-
mencedmay yet be calculated on.
Down Recorder.
likely to turn out a fair ayerag ,
in this district. ThTecYroonpe, although not heavy, it(