The Sun.
London, England, 1849-10-10 00:00:00

ISLAY TONTINE LIFE ASSOCIATION.
Provisionally Registered.
Capital, 600,0001., in 12,000 Shares, at 501. each.
DIRECTORS.
John Bain, Esq., of 3lorriston, Glasgow.
Archibald Murdoch Burrell, Esq., banker, Provost of Port Glasgow
Alexander Campbell, Esq., of Bedlay
Robert C. Cumming, Esq., of Barremmsn, Dumbartonshire
Henry Dunlop, Esq., of Craig ton, Glasgow
Archibald Falconer, Esq., of Glen Park, Port Glasgow
James Hay, Esq., merchant. Leith, Director of the Royal Bank of
Scotland
Archibald dome, Esq., accountant, Edinburgh, ditto
Eagle Henderson, Esq., Director of the National Bank of Scotland
William Tmrie, Esq., Dean of Guild, Perth
John Burn Murdock, Esq., of Gartencaber, Edinburgh
David Murray, Esq., Provost of Paisley.
BANKERS.
The Royal Bank of Scotland and its Branches; Messrs. Coutts and
Co., London.
SOLICITORS.
Messrs. Turner and Wallace, 37, Virginia-street, Glasgow ;
Messrs. Goodwin, Partridge, Williams, and Edwards, Walbrook
House, London.
MANAGING DlRECTOR—Archibald Murdoch Burrell, Esq.
SECRETARY—JaMeS Murdoch, Esq.
The barony and estate of Islay, comprising the island of Islay
arid small adjacent islands is in the same latitude as Edinburgh and
Glasgow, and is one of the richest and most produetive properties in
the west of Scotland. It contains 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 30,0001. is now being ex-
pended in drainage anl Improvements. The rents are periodically
and legitimately increased as the leases fall in, and 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,
and contingent expenses, of 600,0001., in 12,000 501. shares, each
shareholder to nominate a life, and the whole body of nominees to
be insured out of the rental, so as to secure the repayment of his
subscription to every shareholder whose nominee lapses. The
remainder of the accumulated rental is to be divided every 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
of a life assurance company, so as to secure an annual dividand 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 genera; life assurance department (and the basis and guarantee
indicated cannot fail to make this branch most extensive and lucra-
tive) ; he will, moreover, participate, every ten years h's nominee
survives, In theaccumnlated and constantly improving rental; and,
in the evt.nt of his nominee being the last survivor, will become
the absolute 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.'u
o The s of the proposed Tontine have been maturely con-
sidered by F. G. P. Nelson, Esq , the eminent actuary of the Me-
dical and Invalid Assurance Company, and receivLd his entire ap-
probation.
The estate 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 London. 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 fru:), 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. Joseph King and
Sons, Liverpool ; L. L. Lamming, Esq , Manchester ; Messrs. Flint
and Tootal, Hun; Messrs. Reardshaw 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 A.,sociation. 36, Throg-
morton-street London.

ANECDOTE OF MICHEL A.NGI3I.O.—U nder the Papacy
of Julius HI. the faction of Michel Angelo's rival, San
Gallo, gave him some trouble respecting the building of
St. Peter's, and went so far as to prevail upon that Pope
to appoint n committee to examine the fabric. Julius
told him that a particular part of the church was dark.
" Who told you that, Holy Father?" replied the artist.
" I did," said Cardinal Marcello. " Your Eminence
should consider, then," said Michel Angelo, "that besides
the window there is at present, I intend to have ono in
the ceiling of the church." " You did not tell me so,"
replied the Cardinal. " No, indeed, I did not, sir; lam
not obliged to do it, and I would never consent to bo
obliged to tell your Eminence or any other person whom-
soever anything concerning it. Your business is to take
care that money is plenty in Rome, that there are no
thieves there—to let me alone, and to permit me to pro-
ceed with my plain as I please."—Builder.

ERRORS IN. OPENING OYSTERS.—L it not strange
that people persevere in customs dictated, in the first
instance by ignorance, and maintained by popular pre-
judice? For instance, in the matter of opening oysters
what a gross—and to the epicure what a fatal blunder--
the fishmonger commits in separating the fish from the
under shell! If he would take the trouble to inform
himself on the anatomy of the oyster, he would find that
it does not lose its life on being opened, but dies directly
it is separated from the under shell. He may prove this
to his satisfaction by touching the beard of the fish after
he has opened it, and he will find that it contracts,
shrinking from the touch of steel. Let him, therefore,
for the future cease to torture the epicure by sending
him in dead oysters. They should come to table fixed to
the under shell, and so preserve all their delicious qua-
lities.—Knife and Fork.
ROYAL NAVAL SCHOOL, NEW CROSS.—This insti-
tution recently received the munificent sum of 4,043/.
2s. 6J. from the trustees under the will of the late Dr.
Bell, viz , the Earl of Leven and Melville, the Bishop
of Glocester, Lord Kenyon, and Mr. Walter Cook, who
have been unanimously elected vice patrons. The late
Captain Simpson, of Greewich Hospital, has bequeathed
501. to this school.

THE Flan' BLAST or WINTEn.—The hills round
Kendal and the lake district have been ratber thickly
mantled with snow during the plat week, and the tem-
perature is much lower. Many of the lake visitors
have already migrated, swallow-like, at the first touch
of the nipping blast, though a good many still remain
for the chance of a fine day or two more. Oar Brough
correspondent says that on Stainmore the snow was
drifted three feet deep.--Westmoreland Gazette.