The Sun.
London, England, 1854-01-31 00:00:00

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[PRICE SD.

there is no reason but the high duty, why the whole of the pro-
perty of the kingdom should not be insured. The present amount
of revenue at 3s. per cent. is 1,100,0201. If the whole insurable pro-
perty of the kingdom were insured, with a duty of three-halfpence
Only per cent., it would yield a revenue of 1,250,0001., or an increase
of 150,0001„ per annum, above that now obtained from the Three
;hiding duty.
This modification is moreover the form which our various pro-
gresSive measures have pointed oat. High duties., wherever they
cat be evaded, are found to be no more advantage to the exchequer
than high prices to the till of the shopkeepe-. The reduction of
po,tige.fron its former prohibitory charges to one penny, has
tp•ottzlit increase instlad of loss to the revenue. The reduction of
the expenses of transit have caused an enormous increase in the
receipts of the Railway and Steam-boat Comp mies. Toe redaction
Otnaibus and Cab Fares have led again to increased profits.
The reduction of receipt stamps to the uniform penny will secure
t corres..indinir revenue, honestly paid. and avert the continual
ittfilld practised oil the old system. Thosc latelligentreforms, then;
which sea the masses letter-writing and travelling, will, if applied
to the Fire duty, set the masses Insuring.
•
REASONS WHY nip; UNITY lIAA ORIGINATED TIIIS
• MOVEM E

The co operative power which the Unity Fire Insurance Associa-
tion poss^sses, and the vast tnritory over which its appeal can be
made, afford peculiar facilities to- estivilishing a machinery Which
;nay be the mea‘)s, vets in th i next session of Parliament, of effect-
ing, If not the repeal, at least, the .nodificatiort.of this obnoxious tax.
the unprecedented number of its proprietary, consisting of upwards
of Five thousand Shareholders, a number witch is being day by day
augmented by the issue of One Million New Shares,—the identity
of interest secured between its Sharehol lers and Insurers, by the
settled and guaranteed division of its profits, whereby the energies
and sympathies of both are enlisted in its advancement—the num-
ber and energetic character of its Agents—and the extent of country
over which its Shareholders are diffused—enable this Association to
made by any office not interested in maintaining the present
duty.
The Unity was established with a view of introducing a new era
a Fire Insurance. It sought by an heretofore unattempted diffusion
the gross profits, it enables the insured fairly to
of the Shares, to enlist the active co-operation of an enormous pro-
prietary. Bythe defined and guaranteed division of two-thirds
in the
o f
prosperity they help to secure By preventing the insurance of pro-
perty, where no flra• occurs, being an outlay and no return, it gives
the utmost encouragement to the adoption of a system which saves
both rich arid poor from rain,
In Eighteen months the Unity has secured - the Largest Proprie-
tary in the World, consisting of Five Thousand Shareholders. It has
participate
effected 8,254 Policies, insuring 5,005,1201. It has its original capi-
tal One Million Stirling, fully subscribed. It has obtained a paid-up
working Capital of One Hundred and Twenty-five Th msa.nd Pounds.
It has increased its Capital to Two Millions Sterling, and it is now
issuing One Million New Shares of I/. each, at cent. per cent. pre-
mium; 41,000 of which have been allocated to 450 Shareholders in

three weeks.
The connections of the Unity feel strongly the injustice of a tax
which fetters the wheels of progression, and leads to such continual
calamity. The machinery which has effected the foregoing results,
can now be put into operation to arouse the whole country to the
importance of soaking a repeal of the obnoxious duty ; or if it must
still be enforced for the purpose of revenue, then such a modification
of it as shall make it merely nominal. It is a question In which every
individual is interested—but to the mass of the people of the kin;-
dom, is in reality, a question of vital importance.

The fo!lowing is an extract from the Petition of the Members o
the Unity Fire Insurance Association. and others interestedin the
Repeal of the Duty on Fire •Insurance :
The Petition of the Policy holders and other Members or the Unit y
• Fire Insurance Association, and of the undersigned Persons
who are destrOus of extending the Benefits of Fire Insurance
to all classes of her Majesty's subjects.
Humbly Sheweth,—That your petitioners believe it to be an
acknowledged principle of your Honourable House, that it is the
duty of the Legislature to encourage, as far as legislation can do
so, habits of prudence and foresight in every member of the com-
munity, and especially in the middle and industrial classes.
That in conformity with this wise and parental principle, your
Honourable House did, by the 3rd and 4th William IV., cap. 23,
most justly exempt from duty all insurance from loss or damage by
fire on all Agricultural Produce, Farming stock (live or dead), and
Implements of Husbandry; as also by other Acts, Hospitals, In-
firmaries, and Asylums.
In conformity with the same great principle, your Honourable
Rouse did, by 7th Victoria, cap. 21, materially reduce the duty
upon Marine Insurance ; and in the last session of Parliament did
grant a large reduction in the stamp duty upon Policies of Life
Assurance, as well as an exemption from income tax of the moneys
devoted by individuals to Life Assurance purposes.
That while these exemptions are accepted as a great and wise
boon, they bring into still stringer contrast the far he svier burden of
a duty on Insurance of the remaining property of the country from
Fire.
That besides an uniform stamp duty of one shilling upon every
Fire Policy, however small the amount insured may be, there is
also a separate and constant annual duty of three shillings per cent.
upon the sum insured.
That in all commonly Hazardous Insurances, the premium charged
by the offices amounts to only Is. 61. per cent. per annum, so that
the three shillings annual duty is double, or 2)0 per cent. upon too
premium.
That so Artisans, and others of the great Industrial Classes, the
whole of whose property consists of their furniture and the tools of
their trade, the fiscal charges (amounting to 216 per cent. per an-
num upon the premium of a policy for 1001.) operate as a complete
bar against insurance.
That so severe is this tax upon prudence and foresight felt to be
by the communit Y at large. th it the proportion of property insured
from Fire in the United Kingdom, scarcely. if at all, exceeds one-
third of the ascertained amount of property insurable.
That in Marine Insurance, by the salutary act passel in her pre-
sent Majesty's reign (7 Victoria, cap. 21) the rate of duty was re•
duced to threepence per cent. so ton:: as the rate of premium does
not exceed ten shillings per cent., while in Fire Insurance, on the
e mtrary, it is still kept up at three Millings per cent. although the
rate of premium he but eighteenpence per cent. Thus on Marine
Insurance the duty is but threepence per cent. upon the premium,
while in Fire Insurance, the duty alone is 203 per cent. upon the
premium, besides the shilling tax upon the po'icy.
That your Petitioners, while they hail with gratitude the justice
and the wisdom of those bonus to the Agricultural and Shipping inte-
rests, further pray you,* Honourable House to take into your favour-
ahle consideration the justice and excellency of affording a similar
exemption to all other property, and implements of industry, Whe-
ther tools of handicraft or any other machinery.
Your Petitioners, therefore, humbly pray of your Honourable

House,
That the uniform Stamp Daty upon all Fire Policies may be re-
dared from One Shilling to One Penny.
That the amount of duty now chargeable upon all Fire Policies
may be repealed. Or that it may be reduced to 6d. per cent. Or
that such oher modilic 4tion may be made in the duty now levied on
Fire Insurance risks, at your Honourable House may in its wisdom
see fit.
Signatures may be affixed at the C hief Offices of the Unity Fire
Insurance Association, 40. Pall Mall ; at the Offices of all the Agents
of the Unity throughout the Country; and at the

LOCAL OFFICES.
Bradford, York,hire— 12, Darley-street.
Bristol Albion Chambers.
Eastern C. unties-79. S . Giles'-street, Norwich.
Halifax, Yorkshire-25, Waterhouse-st.reet.
L, eds —5 South Pat ade.
Liverpool-11, Lord-street.
Manchester—Adelphi Buildings, Piccadilly.
Northampton—Drapery.
:Not•ingham—Wheeler Gate.
Sheffield-67, Market-place.
Southampton-2. High -street.
Birmingham-42, Temple•street.
THOMAS 11. BAYLIS,
General Manager and Secretary

Unity Fire Insurance k ssociation,
Chief Offices, 40, Pall Mall, Loudon.
January, 1854.

//fO,/ et,;-,,06

.DEUT LIFE
iam•streett, London-bridge.
lees.

RAWSELL, Secretary.

ASSURANCE
ipside, London.] ;Established

The entire profits are annually divided amongst the members in
proportion to the premiums paid, accumulated at compound interest.
EXAMPLE.
Policy effected in 1834, at age 57 £2,000
Additions to do ...... ••• • • ... .............. 1,174

Total paid on becomi SAMUELclalmin 1853 £3,174
BROWN, Actuary.

ANNUITIES ON THE MUTUAL PRINCIPLE,

ENGINEERS', MASONIC, and IJNIVERSAL
MUTUAL LIFE ASSURANCE SOCIETY.
- - •

345, strand, London.
PITROHA SERB OF ANNITITIF.S ADMITTED TO PARTICI-
PATION IN THE PROFITS.
Policy Stamps paid by the Society.
Assignments of Policies Registered Free of Charge.
A Liberal Commission allowed to Solicitors and Agents on the
introduction of bus iness.
ANTLIONT PECK, M.A., Assistant-Actuary.

SUN LIFE ASSURANCE SOCIETY,
London.

•
SHARE OF PROFIT INCREASED FROM ONE-HALF TO
FOUlt-FIFTHS.
Policies effected with this Society after Midsummer, 1850, and re-
maining in force at each Septennial period of division, will PARTICI-
PAT F. IN FOUR-FIFTHS of the Net Profits of the Society accru-
ng after Midsummer. 1858, in proportion to their contributions to
those prtgits, and according to the conditions contained in the
Society* Prospectus.
The Premiums required by this Society for insuring Young Lives
are lower than in many other old-established offices, and Insurers
are fully protected from all risk by an ample guarantee fund, in ad-
dition to the accumulated funds derived from the investments of
remiums.
Policy Stamps paid by the Office.
Prospectuses may be obtained at the Office in Threadneedle-street,
London, or of any of the Agents of the Society.
CHARLES HENRY LIDDERDALE, Actuary.

INDISPUTABLE LIFE POLICY
COMPANY, _

No. 72, Lombard-street, London.
Richard Malin% Esq., Q,c ,
TRUSTEES.
John Campbell I James Fa liar Madoz, Esq.
Renton, ESq. I Richard Sp ooner, Esq., M.P.
William Wilberforce, Esq.
William Adams, Es DIRECTORS.
q. Robert H. Forman. Esq.
PI
John Atkins, Esq. John Ha milton, Esq.
A. Bevan, Esq. J. Hamilton. Esq.
Join Dangerfleld, Esq. Chas. O. Parnell, Esq.
W. Williams, Esq.
AUDITORS.
Henry Adron, Esq. I Ralph W. Bis hop, Esq.
Charles M'CullOell, EsO, Henry Burn ett, Esq,
SoLscrroas.—Aessrs. Atkins and Andrew.
SEcarrma.—David Alison, Esq.
Paddington Local Board, 24, Connaught-terrace, Edgew are-road.
The Rev. James Shergold Beene, Jas. Herring ton Lowther. Esq.
A.M. Charles rembert en, Esq.
Captain Creed. George Y. Robson, Esq.
Roger Gadsden, Esq. W. H. Triodes*, Esq.
Szcarraar —Chas. Hoghton, Esq.
The policies of this Company being indisputable, (in ter ms of the
Deel of Constitution duly registered) are TRANS FE R A.B LE SECU-
RITIES, their validity not being dependent, as in the case of ordi-
nary policies, upon the import of past, and perhaps forgotten circum-
stances, and office documents. Used as FAMILY PROVE SIONS,
they relieve the assured from all doubt and anxiety as to the future.
This is a purely MU MAL SOCIETY, there being no proprietary
body to whom any part of the profits belong. the whole being divi-
sible amongst the insured themselves. The following shows Ilse
large and steady progressive amount of business the Company iSnOW
doing, and has done during the last five years :
Sums Assured. New P remitlMS.
1849 .. ••• • .. £108,647 ..... £4,364
1850 •• .... 110,215 3,974
1851 • • ...... 127,488 4,438
1852 .• • • • • .. 115,195 4,296
1853 .. • • .• .. 123,093 4,532
ALEXANDER ROBERTSON, Manager.

LIFE AS S lIR A. 241. OE;
REPORT of the SELECT COI MITTEE of the HOUSE
of COMMON'S, and the DEPOSIT SYSTEM—the New and
Important Feature of Life Assurance adopted by The DEPOSIT
and GENERAL LIFE ASSURANCE COMP ANY.
The following is an extract from the Report of the Select Corn-
mittee: -
" THE OBJECTS Which persons HAVE IN VIEW IN EFFECTING IN-
SURANCES upon their lives, are GENERALLY OF AN IMPORTANT AND
SOLEMN character, viz., the PROVISION FOR WIDOWS AND ORPHANS
after the death of' their NATURAL PROTECTORS; unlike any ordinary
transaction of trade, a CONTRACT ONCE ENTERED INTO CA NNOT BE
DISCHARGED OR ABANDONED, if doubts of the stability of an
Aloe should arise, WITHOUT A SACRIFICE OF PREMIUMS PAID IN
PAST YEARS, and the necessity of effecting new policies in other
offices at increased rates of premium, owing to the greater ago
of the assured ; persons are thus placed in the ANXIOUS AND UN-
HAPPY DILEMMA OF BEING COMPELLED TO PERSEVERE IN PATINE
PREMIUMS FROM YEAR TO YEAR, with soNE suspicion and doubt as
to the ultimate advantage of doing so, oft OF INCURRING THE SE-
RIOUS LOSS WHICH, UNDER THE MOST FAVOURABLE CIRCO MSTANCES,
MUST ATTEND THE ABANDONMENT OR SALE OF A rower."
On the DEPOSIT SYSTEM a person is NOT " COMPELLED" to pay
from " TEAR TO YEAR," and he does not, if desirous of " ABANDON-
ING" his Policy, incur any " sextons Loss," but, on the contrary, he
may pay such amounts, and at such times as he may find most con-
venient; 111 can stop paying whenever he pleases, and he can with-
draw tile whole or part of his premiums. If the whole be with-
drawn the Policy is cancelled; if part only, then the value of the
Policy is diminished by the assured value of the part withdrawn.
A it, aced 20, opens a deposit policy with a payment or 5/ , which
it will be seen he increases from time to time, and occasionally
diminishes.

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