The Sun.
London, England, 1853-06-15 00:00:00

LIABILITIES.

Present value of the sums under assurance
at the 31st December, 1852 . . £179,202 17 S
From guarantee fund . . • • 1,000 0 0
Directors and manager, charged in expen-

di ture
Advertising . . ,
Printing and stationery
Commissions not drawn
Interest on advances

1,401 0 10

£2O 0 0
400 0 0
52 9 10
25 0 0

497 9 10
39,398 0 1.

Balance .

£221,506 8 5

ASSETS.
Present value of the premiums payable for
policies current at the 31st December,
1852 . . • • . . . ,C 209,232 0 2
Loans to policyholders, at 5 per cent. in-

terest . . . .
Value of furniture . .
liefi.se of premises . . .
Balance in hands of agents .
bankers .
secretary

6,761 8 6
150 0 0
550 0 0
2,697 0 3
1,037 7 3
8 18 9
22 11 0
1,047 2 6

lf
If
Stamps on hand
Exchequer bills

£221,506 S 5

Mr. KING then said, that as an old member of the as-
sociation, he begged leave to move the adoption of the
report. It was, he considered, one which demonstrated
that the company was progressing satisfactorily, and he
thought that the fact of the company having, from new
business, received upwards of 4,0001. in the course of
the last year of their operations, was sufficient evidence
of the validity of the principle of indisputability.
The motion, having been seconded, was unanimously

agreed to.
The CHAIRMAN having explained that, according to
the provisions of the deed of settlement, himself and
Messrs. Bevan and Parnell retired from the direction,
they were unanimously re-elected, as were also the re-
tiring auditors,
Mr. C. STEED then moved a vote of thanks to the
directors, the medical officer, manager, secretary, and
other officers.
Mr. MURRAY, in seconding the motion, said that he
was of opinion that they had now received sufficient
evidence of the efficiency of the principle of indisputa-
bility. He had lately brought under his attention the
whole subject of life assurance, and the result of his
study was, that he regarded mutuality, indisputability,
and annual division of profits, as the principles essential
to its existence. The advantages of the mutual system
over the proprietary were universally admitted ; but the
same admission was not universally made as to indis-
putability. The members of this society knew the value
of it, and they should use their b
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in other societies, there was now much regret that they
had not started upon that principle, and that fact was in
itself sufficient to show its advantages. With those few
remarks he begged leave to second the motion, again
impressing upon the members that it was their own inte-
rest to promote the business of the company by making
the principle upon which it was founded generally under-
stood.
The proposition was then unanimously agreed to.
The CHAIRMAN and manager acknowledged the com-
pliment upon their own part. and that of the other offi-
cers ; and a vote of thanks having been passed to the
chairman, the proceedings terminated.

EXECUTION OF A MONSTER. —A man was
M *e,
executed at Naples, who was proved to have been
guilty of murdering twenty-nine persons, including his
father and mother, and several others of his own fatally.