The Sun.
London, England, 1847-04-01 00:00:00

N 0.17,015. LONDON, THURSDAY R

NATIONAL LOAN FUND LIFE ASSU
RACE SOCIETY.
OFIoCE, 2G, CORNPIILL, LONDON.
Capital 500,0001.
• Empowered by Act of Parliament.
The system of Deferred Annuities, originally proposed by tho Na-
tional Loan Fund Life Assurance Society, for the hotter advance-
ment of the objects of Benefit and Friendly Societies, having received
he approbation of a considerable body cf the active members and
officers of those Institutions, and the Directors of the is
Loh
establis a
an
Fund Society having been urgently solicited by them ta
Branch Office in connexion with these Societies and the Operative
Classes generally, in which their services might be successfully en-
gaged, a Committee has been sanctioned by the Directors to Oren
communication with the different ieties, with the view of more
ffectually d sseminating the valuable benefits amongst the Indus-
aious classes, and a plan has been ;.iroposed with that object.
ADDRESS OF TIIE COMMITTEE.
Many praiseworthy but ineffectual attempts have been made to
bring within the scope and operation of the laws of be
and
money the savings of the industrious classes, as well as various cal-
culations regniatiag their distribution, having for their tect either
immediate, contingent, or deferred benefits. •
A slight examination, however, will demonstrate that the con-
struction of these associations or societies is defective; and that
they confine too in-
steadnar-
rowly of affording an. easy access and a free choice of investment,
every
ebr et
can alone be secured ;
rwobei-cleht thsrucesild
and, in proportion AS their action is circumscribed and embarrassed,
nb;elththerePurgi•hileeggichf
their utility is Unified. For example, it is not to every individnal,
or to &very class-amongst the industrious community, that provision
in case of sickness is an object of such -importance as to call for a
peenniary sacrifice ; whiSe to others such a provision appears more
attractive, and the desires employment caused by sickness Is a risk
against which they to he guarded. For this anomalous state
of things there is an effective and simple remedy ; that is to say,
Instead of covering, by one weekly or annual payment, two or more
contingent or deterred benefits, so to arrange it that each separate
benefit should have its separate contribution.
It is to not having observed thd a
to
sick the
alloss a
wocancean iation of
two dissimilar functions, and by cois rule,
and to the tissoeiatloii ef
two dissimit funAioos, and by confundioZ d
an annuity fund in one and the self-same payment, that much of the
evils and mismanagement has arisen amongst Benefit Societies.
No mechanism can be ItSeeperfect for the management of a sick-
, ess-fhnd provision as that affserded by the constant sectional asso-
ciation and watchfulness of the leveral members composing it. By
this means a thorough and constant check is mutually exercised, and
none but the really sick are likely to become chargeable diem it.
But the same perfection, orlhe seine sesurity, is seldom attainable
where a fund is to be accumulated through a Succession of years,
awl where results arc to bear oat calculations, inttney investment
being in reeved beyond the experience of the industrious classes.
For these reasons it is clear that the funds destined for a provision in
sickness should be kept entirely distinct from the find intended as a
provielon for old age:-
Ist Bezause the laws of sickness and mortality, though apparently
connected, do not depend on the same calculetion.
2d. Because there are it great number who, in order to secure a
larger provision in old age are willing to take the risk of providing
or probable sickness oh
ethemeelves.
31 Because the, resposibility ef managing a provision for old age,
continued to a distant period is, in a great measure, incompatible
with voluntary associations, fluctuating laws, and indiv dual it
and more exposed to a failure in the performance of
spo .
such a contract, that when undertaken on the same principles that
ordinarily govern commercial botliee
4th. Because the expenses of providing for sickness moat, when
United in the same payment with provision for old see, tend til
ler dmi-
uish still more this provision : nor :s it weelom or good policy en-
danger the one for the sake o the other.
Impressed with these convictions, and with an intimate kn
owowledge
of the discussions passing within the bosom of many of thsting
Friendly and Benefit Societies, the parties whose 111111203 are here-
Unto attached, have had several meetings, with a view of proposing
or adopting a remedy for these and other evils ; and in this manner
to give an additional force to the principles of brotherhood,
unity,
and mutual aid, on which friendly societies are based, by guarding
them from the risks of sudden dissolution.
After much diligent search anion, st the combinations ingeniously
proposed from time to time for the attainment of one of the principal
objects of Friendly and Benefit Societies, they have found none equal
in simplicity and comprehensiveness of design, as well as forethought
and sympathy for the wants of the industrious classes, as the plan
proposed by the National Loen Fund ife Aurace Socentiety. II
is
true that the author of that plan has fLurnish sse d an n
argum again
provision in sickness; but, without concurring in the immediate ex-
pediency of abandoning a provision in sickness, no one can read the
ether part of the plan itself, without being fully sa.isfied that the
convenience and safety of Friendly and leenefit Societies
of will be
greatly secured and consulted, by separating tho paymt a sick
allowance from an annuity for old age.
A deputation having waited on the directors of the National Loan
Fund, who met in the handsomest manner the overtures made to
them for the establishment of a separate office for the transaction of
business connected with Friendly and Benefit Societies, and the in-
dustrious classes in general, resolutions have been entered into, con-
stituting the unelersigned as a Committee, with power to add to its
number, for the promulgatios of the benefits contained in the an-
nexed prospectus, under the guarantee of the Capital of the Society,
and which, with
interfering with the numerous objects connected
with the institution of Benefit and Friendly Societies, will in their
opinion greatly enlarge their sphere of utility, and afford a protection
to the working classes in old age and adversity, which nothing up to
the present day has adequately secured to them.
Thomas Burthom, F. 0.8., Ancient Order of Foresters.
John Fussell, C.R„ Ancient Order of Foresters.
John lt. Gordon, D. 5., Ancient Order of Foresters.
James Hale, D.C.R., Ancient Order of Foresters.
Henry Bunt, r.G., Manchester Unity of Odd Fellows.
Joseph Nugent, Pro. C.S., Mancheeter Unity of Odd Fellows.
Joseph Reeks, 8.0. F., Order of Old Friends.
Samuel Timbre 1,
D.C.Rlttt.,
EAnD cient
SU OrderlTT Eof Foresters.
E FE AN S.
sent omf
Exaple.-4 persor
or quarterly payment of aed 24 next birth7s., or day, y e annul pay-
1/. 6s.,monthly pay m n s
of Is. 23., may secure, on attaining the age of 60, the qptiorivofe e
ceiving Annuity, 10/. 19s. 23. ; Cash down, 1071. 3s. ; or a l'olircy-
en his Life, 1371. 17s.
Example.-A person aged 26 next birthday, may secure, on at-
taining the age of CO. an Annuity of 101., with the other options, by
the annual payment of I/. 6s. 91., or a single payment of 22/. 17s. 3d.;
or on payment of GI. 14s. 3d. for disparity, he will be entitled to
the same benefits by an annual payment of 18s. 11d., the same as
or age 20.
Example.-A person aged 30 next birthday, by the annual pay-
ment of 11. 65., or quarterly paerment of 75., or monthly payment
of es it
-.. le my secure en attaining the agethe option of re-
ceiving Annuiaty, 181. Os. 4d.; cash down, 1481. 12s. ; or
a policy on
his life 175/. 11s.
Exams le.-A person 57,1 31 next birthday-, by the aenuftl pay-
ment of 11. 6e., or quarterly payment of Ts., or monthly payment
of 2s.
23„ may secure. on attaining the age f 'on of re-
ceiving 191. Os. 4d. ; cash down, 1481
o , the option .
125.; or a policy on
his life, 1751. Ils.

OYAL INSURANCE COMPANY.
JLL No. 2i, LOMBARD-STREET, corner of Clements-lane.
Capital 2,000,000/., in 100,000 Shares of 201. each.
TRUSTEE!.
John Shaw Leigh, Esq. It. E. B. H. Blundell, Esq,
JOSIA6 BOOKER, Esq., Chairman.
HUGH J. SANDERSON, Esq. and CHARLES TURNER, Esq.,
Deputy Chairmen of the Board of Directors in Liverpool.
tnsLCTOSS IN LONDON.
Samuel Baker, C I William Wainwright, Esq.
Robert Dudgeov, Esq. 1 George Young, Esq.
Senozosts—E. A. tlO3ll, Esq., F.n.e.s., surgeon to St. Bartholo-
mew's Hospital; and Hugh S. Sanderson, Jun., Esq.
ACTUARY —Percy M. Dove, Esq.
BANKERS—Messrs. Robarts, Curtis, and Co.
SOLICITOR—C. T. Jenkinson, Esq., 29, Lombard-street.
Suavrroa—John Newman, Esq., F.S.A.
SECRETARY TO THE LONDON Roam:, —G. H. Whyting.
The Directors of the Royal Insurance Company. consisting of a
large body of responsible proprietors, beg tb announce that they are
ready to afford to the public many important advantages in effecting
either Eire or Life Insurances.
Tables of Rates, and any particulars that may be
at eithere of the
ired on the
subject of Assurance, will be given on application
Company's offiees, Or any of its appointed agents.
M: DOVE, Manager.
The Directors are willies to receive applications front per-
sons of influence, intdilge;il and activity, to undertake agencies
n .the vicinity of the Met its, it being their determination only
to appoint agents posseSSl ose qualifications.
N.B. All Fire Ipsarances becoming due on Lady Day should be
paid on that day, orwithln fifteen days after.