The Sun.
London, England, 1838-05-09 00:00:00

NATIONAL LOAN FUND LIFE ASSUR-
;-..'..
ANCE SOCIETY. . 0., ~,,,,...,,,,
I
69, CORNHILL, LONDON,
.ilbi it . ("-• ,J ,
(1r •
36, WRSXMORELAND-STREET, DUBLIN; 45, SOUTH ii-**
kls free-
-
CASTLE-STREET, LIVERPOOL ;
And 28, CORN-STREET, BRISTOL. ~;, . _____ ‘ll,
‘K.,,
Capital, 500,0001.
va q
PATRON.--His Grace the DUKE of SOMERSET, F.R. S.
.14
DIRECTORPS,' '
, '4
col.
Sir B T. LAMIE MURRAY, Esq.,
URRAY Chairman.
Burges Camac, K.C.S. George Lungley, Esq.
John Elliotson, M.D. RR. S. Kenneth Mackenzie, Esq. ANTITH WHICH 'r H E " TRUE S
Hu Farebrother, Es Ald. John Rawson, Esq.
. Gordon, Esq. 'l.'
• .................-
Robert Holland, Es qM P Joseph Thompson, Esq.
No. 14,245. LONDON. WEDNE'SDAN
_
'3l"-J Elii---ots:-0n,11.-1.137, F.R75.,37, Conduit-street.
SURCEONS—E: S: Symes, _
Esq., 38, Hill-street, Berkeley-square.
_ ACTUARY—W. S. B. Woolhouse, Esq., F.R.A.S. which has been at all times irksome, disturbing the harmony and of an annuity of 201. 13s. 4d., cash down 2021. Is. ;or a po-
fomenting the mutual distrusts of society. . hey on his life for 2591. 19s.
ether
the new principles of Life Assurance in this Society, amongst
ther advantages the assured in this Society will enjoy 'the follow- The following is a comparison of the benefits to be derived from 11. PREMIUMS.
kr toss
the contribution of Is. per week paid into a Benefit Society, or to Annuity, X 10 0 0
• 1. Moderate Rates of Premium consistent with security. purchase a Deferred Annuity from the National Loan Fund To secure on attaining the
Cash, ... .. 97 15 0
2. A Cash Credit on his Assurance to the extent of two-thirds
of the payments on his Policy or Deferred Annuity. Society:—Policy, • • 125 15 6
3. Two-thirds if the payments on elapsed Policies returnable at Age 2n. Annuity Cash. Policy Sickness. Loan. Death.
Payable I Payable
death. - ---..
X. s. X. s. i' X. s. Aun. Payable Annually. in One Sum. for Disparity.
.4. Two-thirdsof the entire Profits and of the Guarantee Fund NationalLoanFund
-- --------........_
divided annually Deterred Annuities —___ ----- _ .I £
X s. d. X• S. d. . s. d.
47 16 994 11 466 0 %of the %of the %of the
v 5.
.Special Bonus on each Policy becoming a claim in favour of Option:of Benefits, 018 11 17 3 7 0 0 0
payments;payments payments 20
the widow of the assured. at 65 received. 1 0 0 18 0 2 019 9
6. Females assured at one year less than their actual ages. 21
7. Facility in effecting assurances. Benefit Societies
}26 0 Nil. Nil. allow- Nil. Nil. 22 1 1 2 18 17 8 2 0 7
ditto
ances in e 3 , 1 2 5 19 16 1 3 2 3
Detailed prospectuses of this Society may be had at the Offices, sickness.
20 15 6 4 5 2
1 3 9
or any of the agents. National LoanPund 24
1 5 2 21 15 10 5 9 1
F. FERGUSON CAMROUX, Sec. 27 11 1269 111346 15 %of the ;% of the %of the 25
Option of Benefits, payments payments payments 26 1 6 9 22 17 3 614 3 4
at 60 i I received.
8 0 9
Annuities will be found
DEFERRED ANNUITIES.
27
9 8 5
NATIONAL LOAN FUND LIFE ASSUR- It is not alone to the industrious classes this plan of Deferred 28
efficient, in securing an ample competency 29 1
ANCE SOCIETY.II 121 108
25
2622 8 753
139
179
10 17 7
Capital, 500,000/,
for old age ; but also to that important class of the community who 30
114 2 27 15 0 12 8 3derive their income from a combination of capital and personal 31 116 5 29 210 14 0 6
PATROL—His Grace the DUKE of OMERSET, F. R. S. labour. To this class, the Savings' Banks do not afford a suffi- 32 118 10 30 12 2 15 14 5
DIRECTORS. ciently profitable investment ; and, indeed, the framework of such
33 2 1 6 32 3 0 17 10 1
T. LAMIE MURRAY, Esq., Chairman. institutions as have been designed for the more humble classes, has
34 2 4 4 33 15 7 19 7 8
Col. Sir Burges Camac KC S 1 Geoff's. Lungley, Esq. not been made to suit their wants or consult their interests, and 27535 9 11 21 7 2
35
John. Elliotson, M.D. F. R.S. ' K.C.S.
1 Kenneth'
Mackenzie, Esq. there exists no institution, at present, to which they can resort,
2 10 10 37 6 0 23 8 9
C• Farebrother, Esq Ald that would at the same time foster their industry,--secure to them 36
1.1. Gordon, Es;. -.1
' John Rawson Esq.
2 14 6 39 4 0 '25 12 5
a competency in old age,--and protect them against the varied 37
Joseph Thompson, Esq.
2 18 7 41 4 0 27 18 4
Robert Hollond, Esq., M.P. casualties of life. 38
A DIMON,. —Professor Wh ea.ts tone, F. R. S. The Tables of Deferred Annuities have been conetructed with 39 3 3 0 43 6 1 30 6 9
3 7 11 45 10 3 32 17 5
a view to exhibit the benefits that may be secured by the smallest 40
:VRTsiciArt—J. Elliotson, M.D., F.R.5.7 .Conduit-street. ~ , effort of frugality, and to suit the circumstances and convenience of 41 313 5 47 16 8 35 10 10
"GEON—E. S. Syeses, Esq., 38, Hill-street, Berkeley-square. all classes.
Ac-su
..„,
Nkßfts•---Alessrs. Wright and Co., 5, Henrietta-street, Co-
ARY—W. S. B. Woolhottse, Esq F. RA S 26, 42 319 7 50 5 3 38 6 9
Cornhill. The object of Tables No. I. is to show the option of benefits
43 4 6 4 52 16 4 41 5 6
.A
the payment of Is. per week, or 21. 12s. per annum, will secure at
the period of attaining the age of 50, 55, 60, or 65. 44 4 14 1 55 9 11 44 7 3
vent-garden.
The Tables No. 11. show the Annual Premiums required to se- 45 5 2 9 58 6 2 47 12 0
sTANrmia Coirisser..—W. Milbourne James, Esq., Stone-build- sure the option of given benefits at these ages,—the sum required
SoLlcs ings, Lincoln's Inn. at each age to be paid down at once to purchase them,—and also the EXAMPLE.—A person aged 26 may secure, on attaining the
er
°R-54
.----WeS3ri• Webber and Bland, 43, Bedford-row. sum at any age to be paid as disparity, so as to enable the purchaser age of 60, an Annuity of 10/., with the other options, by the
.of 1/. 6s. 91. ,
l or a
, s) ifig ,I.e _of
payment SECRETARY.—F. Ferguson Camroux, Esq. instead of paying the premium at his own age, to pay that set down annual payment
f,,,. t 1,....... -i on -1 1,.. sl.:. ........,.... ---,1:-- ti..- -.---- -c - 1:..1.. , 091 1 , . q,-, • ~

WITH WHICH THE " TRUE SUN" IS NOW INCORPORATED.

LONDON, WEDNESDAY EVENING, MAY 9, 1838

HER MAJESTY'S MAILS by STEAM to VIGO, OPORTO,
LISBON, CADIZ, GIBRALTAR, MALTA, GREECE,
THE lONIAN ISLANDS, EGYPT, and INDIA.
THE BRAGANZA will start from off Blackwall
on FRIDAY, May 11, at Twelve o'clock at Night, and from
Falmouth on MONDAY, May 14th.
The PENINSULAR PACKETS start weekly as above, being
met by her Majesty's Packets at Gibraltar.
Further particulars may be obtained on application at the Penin-
sular Steam Navigation Offices, 51, St. Mary Axe.
WILLCOX and ANDERSON, Managers.

Age 2n. Annuity Cash. Policy Sickness. Loan. Death.
s. s.
National Loan Fund
Deferred Annuities
47 16 994 11 466 0 %of the %of the %of the
Option:of Benefits, payments ;payments payments
at 65 received.
Benefit Societies
}26 0 Nil. Nil. allow- Nil.
ditto
ances in
sickness.
National Loan Fund
27 11/139 11/346 15 % of the ; kof the %of the
Option of Benefits, payments payments payments
at 60 'received.

The object of Tables No. I. is to show the option of benefits
the payment of Is. per week, or 21. 12s. per annum, will secure at
the period of attaining the age of 50, 55, 60, or 65.
The Tables No. 11. show the Annual Premiums required to se-
sure the option of given benefits at these ages,—the sum required
at each age to be paid down at once to purchase them,—and also the
sum at any age to be paid as disparity, so as to enable the purchaser
instead of paying the premium at his own age, to pay that set down
for the age of 20, and by tbis means enabling the owner of a little
saving to turn it to the best account. The Society will, more-
over, receive all this sum by instalments, and two-thirds of the
amount paid may, at any time, be withdrawn on deposit of the policy,
and in the event of death before the stipulated age, two-thirds of
the payment will be returned to the family.
I. BENEFITS

EXAMPI .—A person
_ed 26 may secure, on attaining the
Age of 60, an Annuity of 101., with the other options, by the
annual payment of 1/. 6s. 9d., or a single payment of
22L 17s. 3d. ; or on payment of 61. 14s. 3d. for disparity, he
will be entitled to the same benefits by an annual payment of
188. I Id., the same as for age 20.

DEFERRED ANNUITIES.
I. Amongst the several remedies proposed to mitigate or dimi-
fnish the btirthen of poor-laws, none has hitherto been brought
orward or adopted that would either induce or afford facilities to
the
able-bodied members of society, to be responsible for their own
support.
11. In a state of employment and health every one may be
asumed capable of self-support; competition has, no doubt, re-
.leed the rewards of labour to the standard of existence, ren-
dering it the more necessary that the smallest surplus, over exi-
gencies, should be carefully husbanded, in order that, by the best
futilities given to economy and the application of means to ends,
it tray be rendered capable of supplying the deficiencies, caused by
Want
of
employment, sickness, the several casualties of life, and by
°, age. Over the frequent fluctuations in the quantity of em-
PL°Yrnent, tite employed have no controul ; and, as the cause is not
deliendent on fixed laws, but most frequently on the contingencies
wllish affect the quantity of money, their duration or occurrencecannot be submitted to calculation—at any rate the remedy is be-
yond their reach. The laws of sickness have been sufficiently as-
eettained, for fixing a prevision apportioned to the value of a given
c
entribation ; but although such a provision is not to be overlooked,
it is of trifling importance compared to the hardships resulting from
want of employment, and unprovided old age. Want of employ-
sickness, and old age, may fairly be classed under one head,
/ia• :—a state of non-productiveness. To those, therefore, who
solely depend on their labour, which is seldom too highly remune-
rated, it must be a matter of importance, out of their earnings
When employed, to provide for every period of non-productiveness,
from whichever of the foregoing causes it may arise.
111. The two institutions open to the productive classes. are Sa-
'rings Banks and Benefit Societies, whose nature and scope, wnen
examined, will be found to offer but a very imperfect remedy against
the evil, being institutions wherein the limited means of this class are
not bestmade applicable to their several ends.
Savings Banks are of unquestionable utility, but they afford no
contingent future advantage, and, besides, the sum that can be
boarded is incommensurate with the wants of the middle pro-
ductive classes.
Benefit Societies propose to offer provision in sickness and old
age, but their construction will be found imperfect, and their plan
the least profitable application of the means of economy.
1. Because sickness itself is not a calamity of equal probable
duration to the fluctuations in the quantity of employment
and other casualties, and misfortune, against which they offer
no protection.
2. Because, out of a given means, the sum laid aside for sickness
must diminish the provision for old age.
2. Because many must contribute to the sick fund who never
become chargeable upon it, and the value of such contribu-
tions is lost to themselves and families.
4. 13.,-43.uge sickness, being a state of non-productiveness, must
neeessarily be included in any protection against sush an oe-
curreng.e.

I. BENEFITS
Secured, on attaining the age of 55, by an Annual Premium
of 21. 12s.

Secured on attaining the age of 65, by an Annual Premium of
2/. 12s.

Aux. Annuity. Cash. Policy.
---------
£
s. d. £ s. d. s. d.
20 47 16 6 394 11 0 466 0 0
21 45 4 8 373 3 0 440 14 0
22 42 15 3 352 16 0 416 13 0
23 40 8 2 333 7 0 393 15 0
24 38 3 4 314 17 0 371 18 0
25 36 0 8 297 5 0 351 2 0
26 33 19 11 280 9 0 331 5 0
27 32 1 2 264 10 0 312 7 0
28 30 4 4 249 5 0 294 8 0
29 28 9 2 234 16 0 277 6 0
30 26 15 10 221 0 0 261 0 0
31 25 4 0 207 18 0 245 11 0
32 23 13 9 195 8 0 230 16 0
33 22 5 0 183 11 0 216 15 0
34 20 17 7 172 5 0 203 9 0
35 19 11 7 161 10 0 190 16 0
36 18 6 11 151 7 0 178 15 0
37 17 3 5 141 13 0 167 6 0
38 16 1 1 132 9 0 156 8 0
39 14 19 11 123 14 0 146 2 0
40 13 19 9 115 8 0 136 6 0
41 13 0 7 107 10 0 126 19 0
42 12 2 6 100 0 0 118 2 0
43 11 5 3 92 18 0 109 14 0
44 10 8 10 86 2 0 101 14 0
45 9 13 3 79 14 0 94 3 0
46 8 18 6 73 12 0 86 19 0
47 8 4 6 67 16 0 80 2 0
48 7 11 1 62 7 0 73 12 0
49 6 18 6 57 2 0 67 9 0
50 • 6 6 6( 52 3 0 61 12 0

IV. Various olg;ervations have been made on the duration of
"knees, amongst the industrious classes, from an early period of life
Until its close. Those most in use are,—the sickness amongst the
Benefit Societies in Scotland, given by the Highland Society ;—the
sickness amongst the labourers in the East India Company's Ser-
'iCe‘,... ;—the sickness amongst persons employed in Cotton, Silk,
Wool, Flax, and in the Potteries, by the Factory Commissioners ;
---and the sickness amongst the English Benefit Societies, from re-
turns made to the Society for the Diffusion of Useful Knowledge.
These results, though varied, show how inconsineranie is • toe
amount of sickness during that period of life, between the ages of
20 and n, when each individual is more immediately thrown on his
own resources;—they are as follows :

Average Average yearly
Class of Persons. Period. amount of Sickness in the
Sickness. period.
........___.
Months. Days. Days.
tighland Societies' return - 11
I,,tst India Compeers labourers i2O to 65 9 0 6 1-15
aetsrY Commissioners—
Cotton ,21 to 61 7 27
Wool, Yorkshire 121 to 61 10 29
Ditto, Westof Essgland ,21 to 61 8 13 "IN
Flax Yorkshire l2l to 61 9 1 I
S°CetSill' ' 2l to 61 11 4 j
}{ Y for Dinsion of Useful
`1„,......-1.2.1...
ago 21 to 65 18 21 12},6

„sThus, it appears that the highest expectation of sickness, amongst
is twelve and a half days, and the lowest six days, in each
Year from the age of twenty to sixty-fire; its mean duration, in-
elusive of accidents of all kinds, would be nine and a quarter days,
during which, from those causes, an individual may expect to be
fromab-
stracted
productive employment throughout a period of forty-
five Years: while, it may be observed, his religious observation of
.tll.O seventh day, in which he ” shall do no work," has diminished
aba productiveness, by its recurrence in the same period, six years
imar.l 156 days.
V. From the foregoing facts it must be obvious that provision in
sickness, or a Health Assurance by means of a separate contribu-
tion, is unnecessary, more particularly as such separate contribu-
tion must tend to waste the resources out of which the industrious
classes have to provide for the future. It also in effect throws the
isurtlten of the permanently sick on one class exclusively, instead of
society at large ; who are thus called on for an act of benevolence,
While they are scarce able to do justice to the claims of their own
families. Besides this, no compensation is given out of the contri-
bution for a provision in sickness and old age to the families of
those who never reach the age of 65, though death should happen
immediately preceding it ; and, if an assumed hypothesis is correct,
that sickness before death is not more than five weeks, and taking
bed-lying-pay at 10s. per week, it will not unfrequently happen the
only return a man may obtain as a long and steady contributor to a
Benefit Society, will not exceed 505., a sum scarcely equal to one
year's payment at a shilling per week, while by his death he leaves
kis family entirely unprorided for.

VI. It is to remedy these defects, inherent in the constitution of
Benefit Societies, that the National Loan Fund Life Assurance
Society proposes to submit a plan of Deferred Annuities on a new
Principle, which will not only afford a more ample provision for old
age, and protection against sickness and misfortune—but in addi-
tion, the means, at all times, of putting his energies in motion, and
the event of premature death, a better protection to his family.
The plan proposed will embody several essential objects :-
1. To secure an increased provision for old age out of a given
saving, by applying it exclusively to the purchase of a De-
ferred Annuity.
2. To render the purchase of a protection in sickness unneces-
sary, by enabling the purchaser of a Deferred Annuity to
withdraw or borrow two-thirds of his previous payments.
3. By the use of two-thirds of all his payments when required,
to limit misfortune and want of employment, and extend
tAus power of productiveness by an increasing command, in
each year, of capital, so that, while providing for old age,
each ;Ifecesive contribution renders him more secure against
present misfortune.
4. To afford, at the age at which the Deferred Annuity would
commence, without reference to his then state of health, the
eptien of reo6jving, instead of his Annuity, its value in
money, aecordino- to the value fixed on the contract, or a
larger sum payable ai his death.
In the event of death before the age at which he would
be entitled to his Deferred Aniaoity, to return two-third:; of
his payments to his family [or such fixed Life Assurance as
may be settled on the contract].
6. In all such cases where the power of productiveness fails,
either from disease or accident, to enable the assured on
equal terms to convert his Deferred Annuity into a present
Annuity.
this ll' Nothwithstanding the obvious and manifold advantages of
cud fPlan over every other hitherto proposed, for securing present
strikiuture competence to the industrious population, still more
proving advantages will be exhibited by contrasting its prospective
sion for old age with that offered by Benefit Societies. This
fit arisesn from the non-abstraction of a given sum for a separate bene-
Pund sickness, which protection, by the operation of the Loan
on the Deferred Annuity, is not only more ample, but other
xal...:crotunes are provided against, which calculated, and a sepa-
sr;knesnatitilli)ution made for each, whose. duration equals that of
providing f e purchase of them would entirely absorb the means of
g or old age, while such a system must fend. to discourage
mat Productiveness, and afford no protection to a family in the event of
tur c death. The object this plan embraces is to open faci-
Cue classo the efforts of self-support, to stimulate the independence of
above did treed benevolence of another, while it recorn-
" itaelf to the latter by diminishing the burthen of Poor-laws,

. _
CLOSING OF THE PRE ENT EXHIBITION.
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,7,//4/."—" BRITISH INSTITUTION PALL-MALL.
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.e....."4111Pr. ' '.'. +' H•
.
-+ The GALLERY for the EXHIBITION and SALE of
the WORKS of BRITISH ARTISTS IS OPEN DAILY from
Ten in the Morning till Five in the Er Wing, and will be closed o n
SATURDAY, MAY•the 12th.
Admission, Is.--Catalogue, ls.
N. B. The Gallery will be re-opened early in June, with a selec-
tion of Pictures by ancient Masters.
WILLIAM BARNARD, Keeper.
341--..--.//e/,,,, -,-. -01 'ct,4 Alllll4 , ';/‘ 7%,
,c\l_o' )»)))NO ''''', ""'-h 0 - ' -7 4//;i _i, 1 Tr':'',,, ,--.• c. -
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_____ ‘Ow -' ' Row, ' •i,

PRICE sd.

rififiE THIRTY-FOURTH ANNUAL EX-
IIIBITION of th SOCIETY of in
WATER-COLOURS, at e their Gallery, Pall-1110 PAINTERSI
East, IS
NOW OPEN.

Open each day, from Nine till dusk.
Admittance One Shilling. Catalogue Sixpenee.
R. HILLS, Secretary,

PENING of the LONDON and 1311 t MING
HAM RAILWAY.

CLUB CHAMBERS ASSOCIATION.-
‘.} In pursuance of the Eighth Resolution, passed at the Gene-
ral Meeting of the Shareholders on the 12th day of April last, the
Committee do hereby declare that the DEPOSITS upon Four-
fifths and upwards of the Shares have been paid into the hands of
Messrs. Wright and Co., Bankers to the Association.
Resolved, therefore, that the necessary measures be immediately
taken for the completion of the undertaking.
By Order of the Committee, -
EDWARD HASTINGS, Hon. Sec.
Waterloo-place, May 5, 1838.

VISITORS to BIRMINGHAM will find every DOMESTIC
COMFORT, on the MOST ECONOMICAL TERMS, at the
PUMP COMMERCIAL TAVERN (opposite the Old
Church) BULL RING.

It is within five minutes walk of the Post-office, and all the
Public Buildings.

THOMAS EVANS, Proprietor.

tiRI STOL AND EXETER RAILWAY.
CALL OF FIVE POUNDS PER SHARE.
Being the FOURTH INSTALMENT, and making, with former
Calls, FIFTEEN POUNDS per Share.
The Directors of this Company, acting under the provisions of the
Act of Incorporation, hereby give Notice that the Proprietors of
Shares are required to pay, on or before MONDAY, the 14th of May
next, at any of the undermentioned Banks, the sum of Five
Pounds on each of their respective Shares.
IN LONDON Messrs. Glyn, Halifax, Mills, and Co.
LivEaroor The Bank of Liverpool.
MA NCHETER The South Lancashire Bank.
Baisror.. Messrs. Miles, Harford, and Co. ;
Baillie, Ames, and Co. ;
Stuckey and Co.'s Banking Company,
or at either of their Branches ;
The West of England and South Wales
District Bank,or either of its Branches;
The National Provincial Bank of
England
EXETER. The West of England and South Wales District
Bank, or either of its Branches;
The Devon and Cornwall Bank ;
Messrs. Cole, Holroyd, and Co. ;
Milford and Co. ;
Sanders, Sons, and Co.
Who ha"e been instructed to charge Interest, at the rate of Five
per Cont. per Annum, on all payments made after the said Four-
eenth day of May next.
By order of the Directors,
J. B. BADHAM, Secretary.
Office, 30, Broad-street, Bristol, April 17, 1838.

BRISTOL AND EXETER RAILWAY,
CONTRACTS FOR WORKS.

FwitsuANT to a Decree of the High Court of
Chancery, made in a Cause of TOMLIN against HAT-
FIELD, the Creditors of EDWARD TADDY, late of Margate,
in the Isle of Thanet, Esq., who died in the month of July, 1835,- are
on or before the 10th of Julie next, to come in and prove their
debts before Sir GIFFIN WiLsorr, one of the Masters of the said
Court, at his Chambers in Southampton-buildings, Chancery-lane,
London, or, in default thereof, they will peremptorily be excluded
the benefit of the said Decree.

Notice is hereby given, that the Directors will receive, at their
Office in Broad-street, Bristol, on or before TUESDAY, the 29th
of May, at Twelve o'Clock, TENDERS for the execution of the
following Contracts . _

CROWDER and MAYNARD, 3, Mansion-
house-place, Solicitors for the Plaintiffs.

STEAM TO NEW YORK.

THE Steam-ship SIRIUS, Lieut. ROBERTS,
R. N., Commander, is intended to leave London, on
WEDNESDAY, the 231 inst., and Cork, on NONDAY, the 28th
inst., for New York, returning from thence on the 21st June.
Passengers will be conveyed free from Liverpool and Bristol, on
SATURDAY, the 26th, to join the SIRIUS, at Cork.
Further inforMation obtained, on application to Macgregor Laird,
78, Cornhill ; or to J. P. Robinson, 137, Leadenhall-street.

CONTRACT 1, B.
The Excavation and formation of the Earthwork, and the Con-
struction of all Bridges, Culverts, and other Masonry, and the
entire completion (excepting the Materials for, and the Forming
the permanent way) of that portion of the Railway extending from
the end of Contract No. 4, A (the Boundary ditch of the parishes
of Lympsham and South Brent), to the Boundary-fence between
Nos. 71 and 75, in the parish of South Brent, a distance of about
2 miles and 5 chains.

RAILWAY AND CARAVAN CONVEYANCE.
TIICKFORD and CO, beg to inform the Public
that in order to afford a direct conveyance, through the
medium of one establishment, between LONDON and MAN-
CHESTER and LIVERPOOL, until the completion of the
entire line of Railway offers greater advantages, they continue to
forward Goods to and from those places Daily, Sundays excepted
making deliveries second morning, by RAILWAY and CARA VAN
London, May, 1838.

CONTRACT 2, 13.
The Excavation and Formation of the Earthwork, and the Con-
struction of all Bridges, Culverts, and other Masonry, and the
entire e)mpletion (excepting the Materials for, and the Forming
the permanent Way) of that portion of the Railway extending
from th:., end of Contract 1, B, to the Boundary-Fence, between
Nos. 46 and 47, in the parish of Burnham, a distance of about 2
miles and 7 chains.

AGRICULTURAL AND COMMERCIAL
BANK OF IRELAND.
On Monday, l6th April, 1838, the Half-yearly General Meeting
of the Agricultural and Commercial Bank of Ireland was held at the
Company's House, Fleet-street, at eleven o'clock.

On the motion of J. DWYER, Esq., seconded by S. PARKER, Esq.,
Alderman WILLIAM HODGES (Member of the Board of
Directors), was unanimously called to the Chair, and read to the
Meeting the Report of the Board as follows :
" GENTLEMEN,In compliance with the resolutions passed at
the last half-yearly meeting, the Directors have paid to Proprie-
tors a balance of 9,0001. received on account of third instalment,
and 5,0001. on account of dividend struck in October, 1836. They
have also paid off all remaining balances due to bankers, arising
from the final close of accounts with them on foot of returned bills,
or otherwise—making a total of payments since last meeting, on
these accounts, of 24,312/.
" Your Directors further proceeded with the gradual reduction
a( branches in those districts wherein a profitable return had not
accrued, and the resumption of discount business, as well as On
continuance of the ordinary operation of banking, at those brawl.,"
which have proved remunerative, and from which past experience
demonstrated that a fair profit might be anticipator,. The result
has been satisfactory, and progressive improvement is manifest both
in the business and character of the transactions. The greatest
circumspection has been used in the accommodation granted, and
the issues at the several branches have been regulated solely by the
legitimate action of commerce.
" It is gratifying to reflect that the principle of Joint-stock
Banks has been fully sustained by your Company, which, notwith-
standing the unparalleled difficulties in which it was placed by the
peculiar crisis of the autumn of 18.36, aggravated by the unreason-
able conduct of a portion of the proprietary, has, in little more than
one year, fully and entirely paid off all liabilities existing at the
period of the pressure, without loss to any individual, including the
full payment and cancelling of the note issue then outstanding ; re-
suming the ordinary course of business at the agency in Dublin and
at twenty of the selected branches, with a new plate and issue, a
numerous and wealthy proprietary located in those districts best
adapted for profitable commerce.
" Your Directors trust that consideration for the welfare of the
country will induce the other Joint-stock Banks in Ireland to act
without reference to petty jealousies or narrow objects; and that
they will see that the interests of all parties are best promoted by
fairly expanding, in place of unduly cramping, the energies of the
country. Its resources are great, and the manner in which the
agricultural districts of Ireland have paid off the obligations con-
tracted therein to your Company, warrant your Board in asserting
that they are deserving of encouragement and support; whilst, on
the other hand, improvident speculation should be discouraged, every
legitimate assistance should be extended to develope the resources
of the country, and assist the industry of the people. A Joint-
stock Bank should, to a fair extent, sympathise with the popula-
tion, and not be governed by the merely sordid consideration of
pecuniary profit. The nobility and gentry should naturally supprJrt
those institutions which best support the general interest and per-
manent welfare of their tenantry.
" At this crisis your Board consider that such remarks are not
irrelevant, as the subject of the Beni: of Ireland Charter (which
has, in date, expired) may now be considered as before the Le-
gislature. Connected as the.t subject is with the best interests of
Ireland and of the empire, your Directors anticipate that no system
of expediency or of compromise will retard or control the broad
principle involved in freedom of trade; and that, whilst the Bank
Corporation may fairly retain privileges as a chartered body, vet
that unwise restrictions upon other banking institutions will *be
removed, leaving open to all (under such salutary regulations as
the wisdom of the Legislature may dictate) the trade of bP.oking
free, as in Scotland, unimpeded by invidious monopoly, t:fins in-
viting a legitimate rivalry with an equality of rights, gas far as
legislation is concerned,) which must conduce to the well-being of
the community.
" The importance of the subject will naturally ei.eallenge the at-
tention of the leading men of all parties ; and. your Directors,
fully aware of its importance, deem it their duty to call your atten-
tion to it, and to impress upon the proprietary the utility of exertion
to advance the interests of their property, by zealous co-operation
with your Board.
" In conclusion, your Board feel quite warranted by the progress
made since the last meting, in stating their conviction that the
prospects of the Company are cheering, the best evidence of which
will be found in the statement of assets and liabilities now sub-
mitted to you, which, with the guarantee of a numerous and
wealthy proprietary (registered pursuant to the provisions of 6 Geo.
IV., chap. 42), present a security to the public for the transac-
tions of your Company of an undoubted character. Without enter-
ing into minute particulars as to the nature of your surplus assets
(amounting to 261,1971.) your Board feel jastihed in giving their
opinion that, making those allowances which are usually incidental
to banking transactions, an available capital, adequate for the due
conduct of twenty branches, with perfect security to the public,
conibining safety and profit to the proprietary, may be fairly counted
upon. Your Board refrains from adverting to the pleasing con-
trast which the present state of your Company presents to that
which twelve months ago was sought to be imposed upon you, under
circumstances rendered the more peculiar from results since ascer-
tained, the best vindication of the Board is found in the fact of your
present position—with all liabilities then existing paid off, the
security of the shareholders demonstrated, and the prot,erty of the
Company (in place of being wasted by litigation) preserved with
the Institution.

" What has passed, however, may be buried in oblivion, and union,
perseverance, and fair reciprocity inculcated Yor the general good.
" Signed on behalf of the Daily Board,
" JOHN VANCE (Belfast), Chairman."
Adopted by the General Meeting,
WM. HODGES (Alderman) Chairman.
It was then moved by WILLIAM EIYMONSTON, OF Belfast, Esq. ;
and seconded by Mr. JOHN M'Coys of Clones : •
Resolved—That the Report and Accounts now submitted be
received and entered on the minutes.

Moved by JAMES DWYER, Esq. ; and secondedbyß.WHlTE, Esq.:
Resolved—That we approve of flae limitation of Branches which
has taken place, as mentioned in the Report ; and we further re-
commend such judicious curtailment of those existing Branches as
the opinion of the Board, upon full investigation, may point out as
proper and expedient.

Moved by FRANCIS WELDON, of Lisburn, Esq. ; seconded by

JOHN CHAMBERS, Esq.
Resolved—That we recommend that every prasttieable measure of
prudent economy shall be observed coincident Y:ith the judicious lo-
cation and curtailment of branches.
Moved by HENRY WATSON, Esq., J. P., seconded by W. H. N.
DOWNER, Esq.,
Resolved—That we earnestly impress on the Proprietors the great
advantage which must be derived, from strenuous co• operation in
the several localities, to advancr, the interests of the Company by
judicious and collective exerton.

(Signed) WILLIAM HODGES, Chairman.
Josrmi R. PIM, Esq., was then called to the Chair, and it was
Moved by JAMES DWYER, Esq., and seconded by P. JONES, Esq.,

and resolved unanimously,
That the warm thanks of the Proprietors are due and hereby
given to Alderman Hodges,.for his proper and dignified conduct in
the Chair, and his zealous exertion at all times to promote the in-
terests of our native Institution.

Resolved—That the Report and Resolutions be circulated
amongst the Proprietors, under the direction of the Board.
(Signed) • JOSEPH R. PIM, Chairman.
THOMAS BRIERLY, General Superintendent.
And then the meeting adjourned.

BETTS'S PATENT BRANDY,
To prevent the Public being imposed upon by spurious
imitations of the PATENT BRANDY, J. T. 1-IETI'S 84. Co.
particularly request that they will observer—that their Bvasidy is
the only one for which a Patent has been obtained,—the only one
recommended by the Faculty for Medical purposes,—autl the only
one which has stood the test of Chemical analysi:s: the reports
made upon productions which othel•s have submit.ted to that test,
having invariably been such as they have not dared to make public:
it is therefore essentially remllsite that purchasers should be per-
fectly satisfied with the identity of the ar'cicle.
The only Establishment of J. T. 'Betts and Co. is the Dis-
tillery, Na. 7, Smithfield-bars, adjoining the Cattle Market, where
the Patent Brandy may be had either pale or coloured, sent free of:
expense to any part of the town, in quantities not less than two
Gallons, at Eighteen Shillings per Imperial Gallon, and of the
highest legal strength, for Cash on delivery.
* A liberal Discount to the Trade.

o...pticlianlo,
------
TAIPR,OVED ACHROMATIC TELE-
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fromo N, s
t.A.ll77aunirfayi
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112, L SCOPES,ead enhallstrebeyt,
A Pocket Telescope, to show objects distinctly $ miles...l Ss and 1 1
Ditto ditto .
Ditto..
ditt0......... 2 2
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Dav or Night and Staid Telescopes equally moderate.
N.B. Spectacles, v‘ith. best Brazilian pebbles, suited to e,very
defect of sight, Singl!,, and Compound Microscopes & .1, 1 I
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and retail.