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.

TausTEEs.
1 Samuel IL Lucas, Esq.
1 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.
SOLICIT9AS —Septimus Davidson, Esq.
CONSULTING ACTU jar—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 five
years is 33,3481. 17s. 2d. . -

The Bonuses assigneda to those policies on which the original pre-
miums continue to Ise pnegi
addition to the sums assured
amount to 89,8801. ss. Od. ; this, together
from 12,326 at former divisions, makes an aggregate
Notwithstanding the great with Bonuses apportioned
tby the Policies in force of 126,564/. Os. Od
00
tt .h its. 4d.
sum, with the interest on gPolicies
is
163,9121.
7
ae;eduction of Premiums, the net annual
income arising=. Id.; this
shows a total annual income of invested2Ol capital, viz., 37,298/. 7s. 3d.,
In the twelve months ending the 20th r last, the Board
has issued 1,33 Policies of Assurance,
which amount to 21,1211. Os. 4d., being the Annual Premiums on
number of Policies, and of 3,3941. 16s
. 3d. in
increase of 209 in the
Premiums thereon, over those of the precedtik the amount of New
The total sum paid, and in course Of payment,ag year.
tives of deceased Members since the establish to the represents -
is 371,3171. 17s. 7d. establishment of the Institution
The accounts fo, the year ending the 20th November last have
been duly audited, the balance of receipts over disburs
e
peri I
od iS 98,510/. ISt Id., increasing the capital stockC,fiednts in that
he institu-
ton to the sum of 974,497/. 3s. Bd., which, with the
exception
29 9461, advanced on loan at interest to members on
securityexc of
o
respective policies, is invested in real ant Gove.-nment Securities. their
The following statement shows the progress of the Institution 7
NumBER OF PCLICIES ISSUED—
From 15 Dec. 1835, to 20 Nov. 1842 (7 years) ..
From 20 Nov. 1843, to 21 Nov. 1547 (5 years)
. _
From 20 Nov. 1847, to 20 Nov. 1552 (5 years)
From 20 Nov. 1452, to 20 Nov. 1853 (1 year)

.. 3,215
•• 4,575
• • 7,(166
.. 1,336

Total number issued • • • •
AMNT or iNcoAtn—
AI

.. 16,192

20 Nov. 1942 ..

20 Nov. 18 t 7
20 Nov. 18s2 .. • • • • • •
re,liietion
20 Nov. 1853 (after allowing the
on premiums) .. • • • • • •
AMOUNT OF CAFITAL•