The Sun.
London, England, 1825-02-01 00:00:00

•
PROMOTER, BENEFIT COMPANY.-
,z In the various projections of Public Institutions, a total
"regard has been shcwn to a class of persons, whose interests
la a commercial country would seem entitled to the first con-
sideration—the HEADS of DEPARTMENTS, PRINCI-
PAI, and SUBORDINATE CLERKS in PUBLIC OF-
"ICES, BANKING and other ESTABLISHMENTS.
The advantages held out by Government to its Officers, are
the fruits of an excellent system ; as a progressive annual rise
in salary, after a few probationary years, and an honourable
superannuation form strong inducemeM.s to good conduct, and
a continuance in the same employ. This
_plan, however, is
found to be too confined in its operation, and would be greatly
improved by affording- the means of obtaining a certain inde-
pendence, after a given period of service.
A Public Institution, providing pecuniary compensation and
medical attendance, by first-rate professors, during illness,
securing definite and progressive allowance in aid of salary,—.
and coinpetent superannuation, at given periods ;—annuities
for childtert,,and apprentice fees, or outfits for professions or
other pursuits requiring considerable disbursements, must be
highly beneficial, not only to those who serve, but also to those
to whom service is rendered. To the former the idea of de-
pending solely on private friendship for assistance, to avail
ehemselvee of opportunities for settling their children, or on the
bounty of employers for support, when incapable of rendering
equivalent service, must be painful ;—whilst the true interests
and best feelings of the latter must be deeply involved in pro-
viding respectable subsistence for confidential or deserving, as-
sistants whilst in active employ, and needful aid in sickness and
"nipetent support for them in old tp,e.
The system of Life Assurance has been greatly improved,
and presented to the public in beneficial institutions. But the
toot from width such institutions spring, has been altogether
neglected; and, in carefully making proAfions for a man's pos-
;etitY, the living man himself, and his family, during his life,
have been entirely disregarded.
In the ordinary Benefit Societies .consisting of persons in
various trades, and generally applicable to the lower classes
°MY—no efficient means have been employed to ascertain the
t_ontinuance or probable duration of certain disorders inci-
dent to such trades, nor to fix the contributions proper to be
made, to secure a compensation for loss of labour during those
periods. Indeed, the difference of mortality in different trades
has never been determined, so as to afford an accurate scale
of contribution for each class.
To extend and apply the advantages of the Benefit Society
!(_) Pereene in a more elevated station in life,- is the object of the
rronioter Benefit Company. Its business will be confined to
~e, though numerous, class of Persons only, " the Heads of"
'(..ePartments, Principal and Subordinate Clerks in Public
itliees, Banking, and other Establishments ;" because, by the
Steady uniformity of their pursuits and habits, perfect means
area fforded for making accurate calculations of the periodical
contributions proper to be made by that class, at all ages, with-
-914 risk from the admission of persons of less healthy occu-
pations.
For this purpose-e-the true law of mortality among that par-
ticular class of persons has been accurately ascertained :—Scales
of the progressive advance of salary in public offices, with the
Usual periods of superannuation, and the probability of ad-
cement by premature deaths, have been formed ; the ave-
rage number of sick persons at all ages, and the average ab-
sence feotn business, have also been carefully estimated.
Tile engagements of the Company will be secured t y a sub-
!clibed Capital of 60,0001., in 6,000 Shares of 101. each ;—the
!hole to be actually paid up at the time of subscribing.—
;3,000 Shares will be reserved.
I,e‘is the materials for celculation have been procured express-
,nr the purposes r
this Institution, at great labour and very
rlsitierable expence, the remaining 3,000 shares will not
J_,lssued under I/. premium, to compensate the Projectors,
t'areulators, and others, for such labour, time, and cost. But
~ afford a fair
:ecomptition to the Public, a few days will be
:tellewed for biddings the highest bidders will of course be se-
-I._lsted for any number of Shares they may offer to take, at the
fox!ce named in the tender. In the event of similar bidding
the eVal numbers, an equal distribution will be made ; and
. ole 3;000 Shares will be disposed of among the bidders,,
t any further reserve. For instance, if there should be
renders for 500 Shares, each at 151. per Share, and 6 separate
beters for only one• Share, at 15/.. Is. each of the latter would
1.2 c
()
of one Share, and the former, would get 499 each ; and
".) n, with reference to any higher or lower bidding, the lowest
exceeding 11/e per Share.
BENEFIT
to be sealed and addressed to the PROMOTER
ieNEFIT COMPANY, under cover, to Sir John Perring,
ea-, Shaw, Barber, and Co. Bankers, Cornhill, London. No
'tender will be received after the 2d day of February, nor any
opened until the 3d of February, at Twelve o'Clock precisely ;
when the Committee will attend. to op
en the tenders. The suc-
cessful bidders will receive notice to pay in full the amount of
their Shares to Sir John Perring, Bart., Shaw, Barber, and Co.
by whom the certificates will be issued.
biZ
even will be.allowed to hold more than 500 Shares, but
'rig for single Shares will rank according to the price
offered.
The Board of Directors will consist of eight Members, and
three_ vacancies will be reserved until after the close of the bid-
dings, Fifty Shares will be a qualification for a Director.
4ne 'objects of the Company are more fully detailed in the
Prospectus, which may be obtained at the Banking-house.

STRICTURES CURED.
Y a new Method the above troublesome
Complaint is entirely eradicated, (without the use of
uougle or Caustic), whether of long or short standing, ex-
ce
cpt constitutional, as well as all weaknesses generally ac-
"Mpanying it, and in a short time the whole system is re-
eLY stablished, being one of the greatest discoveries ever made,
JOHN LYNCH, 44, Duke-street, St. James's.
All Letters must be post-paid.
A perfect Cure for Bilious Affections and Obstructions in
the Bowels.
Mlle price of the Medicine is Four Pounds a parcel.