The Sun.
London, England, 1847-05-13 00:00:00

with more satisfaction than on the present occasion.
(Hear, hear.) I can see now that our society is

taken in so short a tuce.—(eneers.) We had great
success at first; we afterwards progressed more
slowly, and now it seems that unexampled pros-
perity
as hasw we all
know,
wu,po:ras on us;
nt ando although last
last
year,e
pro-
mote that prosperity, yet our prospects have
increased in an inverse ratio to the-distress which
has unfortunately prevailed. There will not, how-
ever, be the same pressure upon our expenses next
year as there has been during the last. The
difference is, as I have said, 9,0001, owing to the ex-
penses which have been incurred in establishing
agencies ; they will be less next year, and I
think we may also expect next year a larger bonus
than at present; and I should mention that a proof
of the confidence entertained by the insurers in the
society, is to be found in the number of policies is-
sued during the past year on the profit scale,
showing the opinion of the public of its great
advantages over those societies which only de-
clare their profits quinquinally, septenially, or
every ten years. I think that is the best proof of
public feeling. I should also state that the income is
43,239/.l4s.ld.,making with investment nearly 50,0001.
InlB44the income was 22,695/.,last year it was 31,7211.;
therefore justifying the statement in the report, that
the income has been really doubled within the last
two years. Gentlemen, with great pleasure I will
now move that this report be adopted, and that it be
printed and circulated amongst the proprietors.
The motion was unanimously adopted.
The CHAIRMAN then moved seriatim the re-election
of the directors, whose term of office had expired, and
the re-appointment of the auditors. With respect to
the auditors, he stated that no society could possess
more careful or more conscientious auditors than
those they had the honour to possess. They were
well accustomed to the arduous and difficult duties
which they had to discharge, and it gave him; there-
fore, great satisfaction to state that they discharged
their duties in an able manner. They were both the
auditors of the Royal Society.
The motions were respectively agreed to.
Mr. ADCOCK said—l beg to propose a vote of
thanks to the chairman, and to the directors, for their
exertions during the past year.
Mr. HINTON seconded the motion. He said—l am
sure, gentlemen, after the able report which you
have heard read by the secretary, you cannot but be
of opinion that our worthy directors deserve the best
thanks for what they have done for the society.
The motion being unanimously agreed to,
The CHAIRMAN said—On my own part, and on
behalf of my colleagues who have taken a
part in the labours of the past year, I beg
to return you our most sincere thanks.
I can assure you that we all feel an anxious desire to
make this institution the first of the kind in this
country, and I think we have done something already.
—(Hear, hear.) I think that all the difficulties which
we had to encounter at the establishment of the insti-
tution, are to a certain extent past. I think we shall
get something better every year.—(Hear, hear.)
The meeting then separated.