The Sun.
London, England, 1854-01-17 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.

TRUSTEES.
1 Samuel H. Lucas, Esq.
I Charles Lushington, Esq.

PHYSICIANS.
J. T. Conquest, M.D., F.L.S. I Thomas Hodgkin, M.D.
BANKERS—Messrs. Brown, Janson, and Co., and Bank of England.
SOLICITORS —Septimus Davidson, Esq.
CONSULTING ACV) knt—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. Gs. 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.

years
Te i 533
Bonuses;34Bl.
The total amount of the reductions per annum for the ensuing five
17
assigned
s2d
to those policies on which the original pre.
miums continue to be pa'd amount to 89,880/. 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
income arising from 12,32 r
sum, with the interest on invested Notwithstanding reduction
capital,
i trari e, m
vizl
3,7t,112e, nue. t
7asn.n3uda.
,I
existing Policies is 163,9!2/. 7 .. Id.; this
shows a total annual income
has issued 1,33 , Policies of n 1 the 20th November last, the Board
In the twelve months endi of 201,2101. 14s. 4d.
,2olver those of the preceding year.
The total sum paid, and in course
.1211
Os.
4sdsurance, the Annual Premiums on
IrthreimallnammsotUhn:retoon
16s. 3d. in the amount of New
number ~f Policies, and of 3,3941. heing
an
increase
of
209
in
the
e
- the
balance year
ef
receipts
theip t e
C 2eaovpt
representa-
tives of deceased Members since the esitab I h paymentffiet.,
tt
eo f theth e
Institution
is 371,3171. 17s. 7d.
h November last have
been
capital
disbursements in that
petiod i, 98,410/. 18s Id., incr,asing e
ethe
ton to the sum of 974,497/. 3s. 84., which, al stock of the institu-
with the exception of
29 9461, acivan,ed on loan at interest to members on
rirduly accounts
atiditedfe,the
respective policies, is invested in real an I Govemmesecurity of their
resoec nt ,iecuriti
The folleWing statement shows the progress of the ' es•
Institution :
NUMBER OP PCLICIES ISSUED—
From 15 Dec. 1835, to 20 Nov. 1842 (7 years)
From 20 Nov. 1811, to 20 Nov. 1847 (5 years)
From 20 Nov. 1847, to 20 Nov. 1852 (5 years)
From 20 Nov. 1452, to 20 !s.ov. 1t53 (1 year)

.. 3,215
.. 4,575
•• 7,666
1,336

Total number Issued • • • •
AMOIINT OF INCOME—
• •

.. 16,192

20 Nov. 1912 .. . £39,360 9 7
20 Nov. 1847 • • •. 206,700 11 6„ .. .. I 11,113 13 0
20 Nov. 18h2 ..
the reduction
20 Nov. 1853 (after allowing
on premiums) • • •
AMOUNT OF CAPITAL.

201,210 14 4

20 Nov. 1142 .. •• ..£139,806 1 7
20 Nov. 1847 .. .. .. .. .. 417,172 16 0
20 Nov. 1852 .• 875,686 5 7
20 Nov 853 . 974,497 3 8
.. .. ..
"temhots, whose premiums fall doe on the let January. ire re-
minded that they must be paid within 30 days from that date.
Secretary.
Dec. 23, 1853. JOSEPIi MARSH,
At a ballot taken at the Meeting the two retiring Directors,
Tilt/SfAS CASTLE, Esq., and Wm. BluadEn, CaliagTlt, gig., were 4e"
Oared to be re-elected.