The Sun.
London, England, 1854-01-27 00:00:00

NATIONAL PROVIDENT INSTITUTION,
48, Gracechurch-street, London.
For Mutual Assurance on Lives, Annuities, &c.

DIRECTORS.
Chairman—SAMUEL HAYHURST LUCAS, Esq.
Deputy-Chairman—CHAßLES LUSHINGTON, Esq.
John Bradbury, Esq. Robert M. Holborn, Esq.
Thomas Castle, Esq. Robert Ingham, Esq., M.P.
William Miller Christy, Esq. Robert Sheppard, Esq.
Edward Crowley, Esq. William Tyler, Esq.
John Feltham, Esq. Charles Whetham, Esq.
Charles Gilpin, Esq.

John Feltham, Esq.
Robert Ingham, Esq., M.P.

TEIISTEES.
l Samuel /I. Lucas. Esq.
Charles Lushington, Esq.

PHYSICIANS.

J. T. Conquest, M.D., F.L.S. I Thomas Hodgkin, M.D.
13aNKEas—Messrs. Brown, Janson, and Co., and Bank of England.

SOLICITORS —Septimus Davidson, Esq.
CONSULTING Acru kßT—Charles Ansell, Esq., F.R.S.

Extracts from the Report of the Directors for 1853, presented to
the Eighteenth Annual Meeting of Members, held at the London
Tavern, Bishopsgate-street, 22d December, 1853.
The Directors congratulate their fellow-members on the very grati-
fying result of the recently. completed Quinquennial Investigation of
the assets and liabilities of the Institution, by which it appears that.
on the 20th November, 1852, after providing for the present value of
all the liabilities in the Life Assurance Department, a surplus re-
mained of 242,6271. Os. Od., which has been duly apportioned as
heretofore.

The reductions range from 5 to 89 per cent. on the original Annual
Premiums, according to the age of the party and the time the Policy
has been in force ; and the Bonuses vary in like manner, from 50 to
75 per cent. on the amount of premiums paid during the last five
years.
The total amount of the reductions per annum for the ensuing fivci
years is 33,3481. 17e. 2d
The Bonuses assigned to those policies on which the original pre-
miums continue to ha paid amount to 89,8801. ss. Od. ; this, together
with Bonuses apportioned at former divisions, makes an aggregate
addition to the sums assured by the Policies in force of 126,5641. Os. Od
Notwithstanding the great reduction of Premiums, the net annual
income arising from 12,326 existing Policies is 163,9121.7+. Id.; this
sum, with the interest on invested capital, viz., 37,2981. 7s. 3d.,
shows a total annual income of 201,2101. 14s. 4d.
In the twelve months ending the 20th November last, the Board
has issued 1,33 • Policies of Assurance, the Annual Premiums on
which amount to 21,1211. Os. 4d., being an increase of 209 in the
number of Policies, and of 3,3941. 16s. 3d. in the amount of New
Premiums thereon, over those of the preceding year.
The total sum paid, and in course of payment, to the representa-
tives of deceased Members since the establishment of the Institution
is 371,3171. 17s. 7d.
The accounts for the year ending the 20th November last have
been duly audited, the balance of receipts over disbursements in that
period is 98,810/. 18s Id.. increasing the capital stock of the institu-
tion to the sum of 974,4971. 3s. Bd., which, with the exception of
29 9461, advanced on loan at interest to members on security of their
respective policies, is invested in real and Government Securities.
The following statement shows the progress of the Institution :
NUMBER OF POLICIES ISSUED—
From 15 Dec. 1835, to 20 Nov. 1842 (7 years)
From 20 Nov. 1842, to 20 Nov. 1847 (5 years)
From 20 Nov. 1847, to '2O Nov. 1852 (5 years)
From 20 Nov. 1652, to 20 Nov. 1853 (1 year)

.. 3,215
.. 4,575
.. 7,06 G
.. 1,33 G

Total number issued ..
AMOUNT OF INCOME—

16,192

20 Nov. 1842 .. • • •• • • .. £39,360 9 7
20 Nov. 1847 111,113 13 0
20 Nov. 1852 .. • 206,700 11 5
20 Nov. 1853 (after allowing the reduction
on premiums) .• ••
AMOUNT OF CAPITAL,

201,210 14 4

20 Nov. 1442 —X139,806 1 7
20 Nov. 1847 •• .. 417,172 16 0
20 Nov. 1452 .. 875,686 5 7
20 Nov 1853 •• •974,4'4 3 8
ll,tembers, whose premiums fall dne on the Ist January, are re-
minded that they must be paid within 30 days from that date.
Dec. 23, 1853. JOSEPH MARSH, Secretary.
At a ballot taken at the Meeting the two retiring Directors,
THOMAS CASTLE. Esq., tand Wm. MILLER CHRISTY, Esq., were de-
clared to be re-elected.
G A

VESEND STA

N‘, other Packets
The Packets cal]
FROI

PACKETS.
call at the Grays, Greenhithe, and Purfieet
I at the Piers as underlined (weather permittl
A TERRACE PIER, GRAVESEND.