The Sun.
London, England, 1853-06-23 00:00:00

EAST INDIA HOUSE, 22d Jnta, 1953.
THE COURT of DIRECTORS of the EAST
the p._IICP COMPANY publish, for the information of..such of
cent. it?,rietors of the Promissory Notes of the Bengal ive per
an of 1825-6, numbered from 1,151 to 5,500 inclusive,. as
h4jarn..llYpeezident in Europe, the following NOTIFICATION, which
? been bumf! by the Government of India, and published in the
Utta Gazette Extraordinory," of the 23d of April, 1853:—
No. 13.
Fort William, Financial Department,
the 23d April, 1853.
NOTIFICATION.
Notes
Ottilitsijee n''rebY Given, That the Five per Cent. Promissory f
94ernment, of 1825-6, standing in the General Register
InouLkt:stered Debt of this Presidency, from N 0.1,131 to N?. 5,, 00
will be discharged on the 25th Jnly next, on which day
.lynt reit thereon will cease.
centr.orePt settlement of principal and interest, at the rate of 5 per
annum, to the date of advertised discharge, will be made
cenliNooprieters who may be desirous of transferring their Fivef per
Of the , now ordered for payment to the open Four Cont. .o.ai!
teree* cbruary, ;843, provided, however, in this case, that
oew
a',.ati,the rate of 4 per cent. per annum shall be allowed on the
Of the led meats, only from such advertised date of discharge
Five per Cent. Notes.
The freer
even I"nai amount necessary to convert any note into one of
a
en_ emit:els in Company's Rupees, at the prescribed rate of 16
fr',Ztn"Y's io 15 Sieca Rupees
on., will be either paid to or received
Proprietor
l;
at his opti
to. bTreastirers at Fort Willia ort St. George, and Born-
several Residents, Collectors, and other Public OfAccrs
00,..n,"r7ed to receive subscriptions to the Four per Cent. Loan now
Who 'c hereby required to g, ant acknowledgments to Proprietors
maydi„„,__. desire to transfer their Five per Cent. Notes ordered fur
"",r4e to the open Four per Cent. Loan.
iti;,,hey Sft acknowledgments, together with the promisßOry Notes for
may have been bsued, shall, without fee or expense of
1,4 dto the Proprietors, be transmitted to the Deputy A ccount-
witt;'"e' al to the t,overnMent of India in Calcutta, who will Mali-
?Mine:tee to be prepared and issued to the parties entitled thereto
It l'orY Notes in the Four per Cent. Loan.
oft that for the accommodation of the Proprietors
not bevie.!„,oinent Promissory Notes now advertised for payment who,
kg re"ident in India, may not have furnished mowers to theirid
aned to and :atomics to receive the principal amount so to be pat d,
the , grant discharge for the same on their behalf, the Most Noble
Aetuovernor General of India in Council has authorised the Deputy
to tii),..4n,sta'mt rkocral to allow the conditional transfer of such notes
met
ton-e Four per Cent. Lout, leavine; it optional with the Pro-
theyers confirm the transfer, or to require payment in cash, when
disonthe'll be informed thereof, provided, however, that no notice
Pre,,, wing a transfer will be received after six months from the
date.
11144 • Published by Order of the Most Noble the Governor General of
In Council.

(Signed) F. A. DORIN,
Secretary to the Government of India.
JAMES C. MELVILL, Secretary.

14471tENT'S CASINO, ARGYLL ROOMS.—
road., (Lessee, CHARLES E. LAURENT, Onslow-house, Fulham-
‘,',e_ O, Pell Every Evening. The Orchestra will
perform, during
"The Rose," "Thistle" "Shamrock," "Amine," and
ynit,h°,„ Waltzes, by H. Laurent ; the " Rosaliand "Lnda and
igalmnr.",, by D'Albert ; the " England," " New Topsy," ego
AdmisTie.- Quadrilles " Gold Hawk' alt" Juno" Polkas.—
raerle, 1s• Doors open at Half-past Ei o'cloct ;to corn-
Nine, and terminate at Half-past Eleven.

S'°TTISH WIDOW'S FUND LIFE
Therb• ASSURANCE SOCIETY.
_ ,•as 'NY-Ninth Annual General Court of Members of this Society
aids tel within the Royal Hotel, rrincess-street, Edinburgh, on
"^Y. the 27th nit.
Sir WM. GIBSON CRAIG, Bart., in the Chair.
Drove,' o'f'cretary read the minutes of last Court, which were ap-
The ig
tr 'lattae'er read the Report of the Directors as to the Society's
11.65.!ftti0, s'duringthe past year, which was also approved of, and
',3lv_ /Zeit the following is extracted
gratul
Nitt,ll.lbeeting the members on the occasion of this the
.Thirty-
th, s"tatnnual General Court, and fifth period of investigation into
a of the Sooiety's affairs, the Directors beg to offer their con.
reae at.ons on the result of the Society's operations during the past
vaid a" upon the satisfactory conclusion at which the Manager
xxtr editor have arrived in the report submitted by them to the
a°rdinarY Court of Directors on the 17th of this month, and to
read te.d
ay.
the b." regard to the Society's transactions during the past year
sectors have to report—
That the number of policies passed has been 834, covering in-
2. urances
Society's to the extrealientsed of 551,339/, 13s, 6d.
Tiat the and accumulated capital has in-
creased during the year to the extent of 105,7501. 75.11 d., and
a. _arootusted atlsh as t Delikewisecember lastduring
to 2,556
th,542/. 10s. Id.
te year to the
a tt the revenueXtent of 19,700/. 125., and amounted at 31st December last
A. _to 338,3621.
xhat there have been 106 deaths daring the year, covering in-
surances, including bonus additions, to the extent of 158,8441.
It 14'4' 9,1."
btforeaill be seen, on comparing the above statement with that laid
grant
the last Annual General Court, that the amount of insurances
the
vrcel in the year 1852 is considerably in excess of that grants d in
to th "1005 Year, 1851. Whilst this increase is attributable in part
e circumstance that last year was the closing year of the sepen-
4:eriod, it may also be fairly assumed to be an indication oft the
Eloele',ls2,lk confidence in the public mind as to the stability of the
billed% and of the soundness of the principles on which it is estab-
he
liens Directors do not consider it necessary to enter upon the ques-
With Which have lately attracted so much of tho public attention,
Itew 'esPect to the relative merits of what are called the old and the
retioCtu.lees, but they anticipate that much benefit will be found to
nkade
Ito the community generally from the inquiries now being
of lir the Committee of the House of Commons on the subject
4 e assurance.
ae„,,,_rgards the capital and revenue of the Society, few remarks
bi ea called for. These continue to increase from year to year—the
It rectors are satisfied that the capital is all safely invested—and had
Illelbeen that a special report was made so lately on the subject,
securities would at this period have themselves revised all the
ye,lues and reported thereon. Since the commencement of this
herit.aeveral large investments have been made upon the security of
41142ib1e or real estate, and the amount so secured now extends in
TV, upwards of two millions sterling.
Neb,a Directors have the satisfaction to report that the privilege
tiers they were empowered to grant, in terms of the third resolu-
Arm Pa ~ ssed at the Annual General Court in March, 1852, and con-
at the Special General Court held in September following,
have been largely taken advantage of by the members.
Di,-ectors have also to report that they will, from and
co,er this date, be in a position to receive applications for the
at.tiulnutation of the bonus additions, towards reduction of the
eential Premiums, whether those falling due during the future
atm 'ltaltce of the policies, or those falling due between this elate
Tata lit December, 1859, when the next investigation takesplace.
CB showing the effect of such commutations have been printed,
are now ready for distribution amongst the members.
JAMES TYTLER, Chairman.

The --
kir e Manager afterwards read the Report by the Auditor and him-
xt,. l''''n the surplus fund, as submitted to and approved of by the
pet'aordin:try court of Directors, held on the 17th ult. This Re-
!bowed that the surplus fund, as at 31st December, 1852,
AnT''unted t 0.... ••• • • • ••• .. • • : ......... •• • £829,046 6 7
i,._ that after setting aside one-third as a guarantee
"'ad, in terms of the Society's 1aw5........ •• .. 276,348 15 2

Thar There remains* •• •••• • •.£552,697 10 5
i,,t„, mat ,T 1 order to provide for additions to the So-
tht"..B Policies entitled to p irticipate in the profits, to
the
'„ltent of 1.34, or I I. 15s. per cent. per annum upon
aim ',cumulated amount of the original assurance
CletSNYlously-declared additions, in terms of the So-
.' laws, there would be required a sum of ...... 530,565 0 0

Leaving unappropriated £22,132 10 5
The orcun Manager then read extracts from minutes of the Extra-
tug "MI Court of Directors approving of the report, an orde
razeadclitions to be made to the policies, in terms thereof, at the
for a li• 15s. pe: cent. per annum, and at the same tittle providion
ng
tut c.ontingent addition, at a similar rate per cent. per annuimnv,
es-
tg:Oelea which may emerge previous to the next period of
ger, ions supplementary observations were attached to the Mena-
' /:ai'd Auditor's Report, from which the following is extracted
liahmitting to thel'Extraordinary Court the preceding formal re-
eoh.' the reporters trust that they may be permitted to add their
D4gratulations upon (as it seems to them) the very satisfactory
Isb„itl,"a of the affairs of the Society, as exhibited in the result of the
th,r'oos investigation which they have just concluded. In making
r rePert upon the previous septennial investigation, under which
stiel;a Was
theirsalocated a bonus addition to te benefits of 2 per cent. per
Blo2ln, porters took the liberty offs tating their own irnpres-
tat, from the circumstances of the case as regarded the increasing
2° Which Ihe older engagements of the Society must necessarily
to the more recent assurances, and the improbability which
thing
then appeared of the full estimated rate of 4 per cent. interest
realised on invested capital, that it was hardly to be anticipated
rep 8° large a rate of bonus could be permanently maintained. The
0, Jters are glad to say that their anticipations as to the las; cause
34:,1 gerninution have not been realised, the funds of the Society having
/*Ad a clear return of more than 4 per cent. during the septennial
effected
• On the other hand, however the amount of new insurances
during that period has been somewhat less in absolute
17310unt than during the previous period, and their ratio to the
still of previous engagements is diminished, of course, in a
tak greater degree. The Court is aware that, from the great care
stijl, lit the selection of the lives admitted to the benefits of the In-
purti."ott, there is in the earlier years of admission, a very small pro-
m of deaths as compared with the tabular expectation; but
tili• this degrees not and could not be expected to prevail in
Ca
saroo high ins after periods. It appears, accordingly, from
bo,,e_idations which have been made by the reporters, that the ratio
10;tiie by the actual mortality to the tabular rate during the last
Pr Zial Period was within a fraction of 57 per cent., while in the
thee-"as Periods, when the proportion borne by recent insurances to
otl older was larger, than in the present, the ratio of mortality was
dill 51 Per cent., a sufficient difference to account for the present
bt, minion in the rate of bonus. The reporters trust that the mem-
orilOf the Society generally will be fully satisfied with the results
Nvestigation, and it may probably be superfluous to eplarge
par`‘7r on the subject. There is appended to this report a table pre-
zukt`' for the purpose of showing the amount of bonus which has been
Ar r,tt at each previous period of investigation, and that which it is
eer-sed to add at this time. From this table it will be seen that in
titZtse 01 all policies entitled to rank from the year 1815 to 1839 in-
sct,,,.f, there is not above a few shillings of difierence between the
ut 171 amount now proposed to be added and that which was added
tw,..`tst Period of investigation. This table likewise shows in its last
4el.colunins the rate per cent. with the additions made to the
now ea at last period of investigation, and that which the additions
appr Pr°Posed to be made, bear to the original sum assured—thus it
east are that the addition now proposed to be made is equal, in the
," the older policies. to upwards of 3 per cent. per annum for the
lstei7ev'n years, the rate decreasing, of course, as the policy is of
'tataling on the Society's books."
Port -"cane, the Society's chief medical officer, then read
Yearsu.Don the mortality amongst the members for the last sevea
Sir
th, T. Gibson Craig then addressed the meeting at some length
ttrail% state ft the Society's affairs, adverting to the extent of the
_ Ft.lons dring the past year, and to the result of the investiga-
61.A:itch had been completed.
eouVil ,5 !notion of the Bev. Dr. Robert Buchanan, of Glasgow, se-
bsuk„. bY Sir Robert Houston, of Clerkington, K.C.8., a vote of
00 f,_)vaa passed to the Directors, Trustees, and Otlice-bearers.
seonc`ille Motion of the Very Rev. Principal 111`1, ar:an, of Glasgow.
inn(' by Charles Cowan, Esq., M.P. the Courts of Directors for
gem lag year were appointed, the following noblemen and
lion ;lieZ being appointed in the room of those who retired by rota-
Aft V
Grace the Duke of Buccleuch, K.G.
„ As EXTRAORDINARY DIRECTORS.
Ilenr;" "OE. the Earl of Stair. The Right Rev. the Lord Bishop
Ma " Esq Banker, of Lincoln.
gis e John Amery, Esq., Banker,
four Richardson,st of Pit_ I Stourbridge.

The to As ORDINARY DIRECTORS.
Dr Eouverie F. Primrose. Christopher Wood, jun., Esq.,
24 I Dundas, Esq., Advocate. Merchant, Lcith.
ir Balfour, of Pilrig, moved a vote of thanks to Sir Wm. Gibson
tlitre6! as Chairman, which was carried by acclamation, and the Court
After adjourned,

JOHN MACKENZIE, Manager.
Wm. LINDESAY, Secretary.
P.diab
N. 1I _ urgh, 5, St. Andrew-square, June 3, 1853.
4Dpii,. Tbles showing the amount of bonus may now be bad on
Chlrle
heba,"ion- The bonus certificates will be circulated amongst the
oers in a fortnight or three weeks.
(leo. Tenn LONDON HONORARY BOARD.
"ng. Esq., Mark-lane. Samuel Laing, Esq., M.P.
b .
vt ai
cir rsi m_E, rci.;aemrelplepollock, E,q., Sir John Thomas Briggs, Admi-
ralty,
4hbliA „ urray, Esq., 11, Hill, E4q , East India Leonard Homer, Esq., Home-
office.
Publisher, John Taylor, jun., Esq., C.E.,
—4.ernarle-street. Queen-street-place.

A GENT
Office, 4, Royal E:

ugh M'Kean.
,xchange-buildings.

the nice following case will serve as an Illustration of the effect of
itemm!selit declaration of bonus, as well as of the general principle
. nt.; to which the addions are made:—
At thl
_Tected an assurance on July 31, 1826, for ...... £l,OOO 0 0
a "..! Investigation in January, 1832, there was added
thZus at the rate of 11 per cent. per annum upon
Inloi Of 1,0001., being ...... • • • • • • • • • • • • • • • • • •

90 0 0

Iv-9ln
there Was added a bonus for the preceding
aeven yrars, at the rate of 2 per cent. per annum
Upon this sum of 1,0901., being.. ••• • • •• • '''''

1,090 0 0

,52 12 0

1%18,46 there was added a bonus for the preceding
ears, at the rate of 2 per cent. per annum
uPon this sum of 1,2421. 12t., being.. ••• • • • • • • •