The Sun.
London, England, 1849-09-11 00:00:00

BANKERS,

The Royal Bank of Scotland and its Branches ; Messrs. Coutts and

Co., London.
SOLICITORS.
Messrs. Turner and Wallace, 37, Virginia-street, Glasgow ;
Messrs. GJodwin, Partridge, Williams, anl Edwards, Walbroot
House, London.
MANAGING DlRECTOR—Archibald Murdoch Burrell, Esq.
SECRETARY—James Murdoch, Esq.
The barony and estate of Islay comprising the island of Islay
and small adjacent islands is in the same latitude as Edinburgh and
Glasgow, and is o ie of the richest and roost productive properties in
the west of Scotland. It co,tains about 140,000 acres, of which
34,000 are arable, the rest being luxuriant pasture.
The present rental of this magnificent property amounts at present
to 20,0001.; but a Government grant of 3),0001. is now being ex-
pended in drainage and improvements. The rents are periodically
and legitimately increased as the leases fall in, aqd it is evident that
such a property must, under improved agriculture, afford a much
larger return. The purchase, it is expected, will be effected for
about 500,0001., and it is proposed to raise a capital for this purpose,
real contingent expenses, of 600,0001., in 12,000 50/. shares, each
shardholder to nominate a life, and the whole body of nominees to
be insured out of the rectal, so as to secure the repayment of his
subscription to every shareholder whose nominee lapses. The
remainder of the accumulated rental is to be divh-led ,very ten years
amongst the surviving shareholders, the last survivor to inherit the
estate. On the basis of 12,000 policies, in respect of the 12,000
nominees, it is further contemplated to ingraft the general business
or a life assurance company, so as to secare all annual di, idend of
profits.

Thus it will be seen that every person taking a share in the Ton-
tine, will, under any circumstances, receive back the amount of his
investment out of the assurance fund, and will also, by way of in-
terest on his shares, receive an annual dividend out of the profits of
the general hie assurance department (and the basis and guarantee
indicated cannot fail to make this branch most extensive and 'uera-
tive) ; he will, moreover, participate, every ten years ifs nominee
survives, in the accumulated and constantly improving rental; and,
in the ev nt of his nominee beinf, the last survivor, will become
the absoiute owner, in fee simple, of the entire estate. It is also
to be observed that, as the nominees diminish in number, the
marketable value of the shares will year after year be greatly en-
hanced.

The principles of the proposed Tontine have been maturely con-
sidered by F. G. P. Neison, Esq , the eminent actuary of the Me-
dical and Invalid Assurance Company, and received his entire ap-
probation.
The esti te Is to be vested in three trustees, resident in Scotland.
The affairs of the Society shall be conducted by a board of seven
directors in Scotland, communicating with a board of correspondence
in Landon. Two general meetings shall be herd in Scotland in the
months of June and December.
The preliminary deposit to be ss. per share (being the maximum
allowed under the Registration Act), and a call of 11. per share shall
be made on complete registration. The remainder to be called up
by such instalments as may be found necessary to meet the payment
of the purchase money.
Applications for shares to be made to the following brokers &c., of
whom prospectuses and forms of application for shares may be
had:—Messrs. John Robertson and Co., 47, George-street, Edin-
burgh ; William Bell, Esq., 2, North-street, David-street, Edin-
burgh: Messrs. Buchanan Aitkin and Co., 41, St. Vincent-place,
Glasgow; J. C. Foulds, Esq., Canada-court, Queen-street, Glasgow;
William Gordon, Esq., Aberdeen ; James Thomas, Esq., writer,
Perth; A. Abercrombie, Esq., Paisley; Messrs. Joz,eph King and
Sons, Liverpool ; L. L. Lamming, Esq , Manchester ; Messrs. Flint
and Tootal, Bull; Messrs. Beardshaw and Co., Leeds; W. B.
Greenfield, Esq., 38, Throgmorton-street, London ; of Archibald
Murdoch Burrell, Esq., Royal Bank, Port Glasgow; and William
Bridges, Esq., at the temporary offices of the Association, 38, Throg-
morton-street, London.