The Sun.
London, England, 1847-04-26 00:00:00

Empowered by Act of Parliament.
The system of Deferred Annuities, originally proposed by the Na-
tional:Loan Fund Life Assurance Society, for the better advance-
Inent of the objects of Benefit and Friendly Societies, having
received
the approbation of a considerable body cf the active members and
!Dicers of those Institutions, and the Directors of the National Loan
Fund Society !caving been urgently solicited by them 0 establish a
Branch 021ce in connexion with the.irsocieties, and the Operative
Classes generally, in which their service. might he successfuly en-
gaged, a Com.iiittee hie; ,been. sanctioned by the Dire,:tors to open
communication with the different S cieth e. with the vi w of
more
effectually d sseminatin.; the valuable bsiiefita amongst the Indus-
trious classes, and a p!a I has beta •ro•.,osed with that object.

ADDRESS OF THE COMMITTEE. s
Many praiseworthy but ineffectual attempts have been made to
bring within the'ecope and operation of the laws of MOT tality and
money the savings of the industrious classes, as well al various cal-
culations regulatieg their distribution, having for their object either
immediate, contingent, or deferred benefits.
A slight examination, however, will demonstrate that the con-
struetion of these ass. ciations or societies is defective; and that in-
stead of affording an easy access and a free choice of investment,
whice ebould be the privilege of every one, they confine too nar-
rowly the .•4annel through which a benefit can alone be secured ;
and, in propor•ion as their action is circumscribed and embarrassed,
their utility is limited. For example, it is not to every individual
er to every class amongst the industrious community, that provision
in case of sickness is an object of such importance as to call for a
Peeniilary sacrifice ; whi e to others such a provision appears more
attractive, and the hem of employment caused by sickness is a risk
against which they desire to be guarded. Fur this anomalous state
instead
things there is an effective and simple remedy ; that is to say,
of covering, by one weekly or annual payment. two or more
contingent or deferred benefits, so to arrange it that each separate
benefit should have its separate coetribution.
It is to not having obs,•rved this rule, and to the association of
two dissimilar fun, tions. and by confounding a sick allowance and
all annuity fund in one and the sell• same payment, that much of the
evils and tnismariagernent has arisen amongst Benefit Societies.
No mechanise, can be sn perfect for the management of a sick-
' e"-filnd provision as that afford& by the constant sectional asso-
dation and watchfulness of the several members composing it. By
this means a thorough and constant check is mutually . xercised, and
none but the really sick are likely W become chargeable neon it.
Bin the same perfection, or the same se •urity. Is seldom attainable
Where a fund is to be accumulated through a succession of years,
and where results are to bear oat calculations, money investment
being itt general beyond the experience of th.• industrious classes.
For these reasons it is tear that the funds destined or a provisioe in
sickness should be kept entirely distinct iron, the f .nd intended as a
Provision for old age:—
let Because the laws of sickness and mortality, though apparently
connected, do not depend on the same calculation.
2d. Because there are a great number who, in order to secure a
larger Provision in old age are willing to take the risk of providing
for probable sickness on themselves.
a rovision for old age,
3d. Because the responsibility of managing p
continued to a distant period is,
in a great measure, Incompatible
With voluntary associations, fluctuating laws, and indiv dual irre-
sponsibility,odi narlland
e s
sect, a contract . that when undertake* on the same principles that
milted in the 4th. govern commercial hodie .
Because the expenses of providing for sickness must, when
the same payment with provision for old age, tend to dimi-
nish still more this provision : nor is it wisdom or good policy to en-
anger the one for the sake of the other.
Impressed with these convictions, and with an intimate knowledge
of the discussions passing within the 'bosom of many of the existing
Friendly and Benefit Societies, the parties whose names are here-
__ t attached, have had several meetings, with a view of proposing
;.)::andgi mutual a adoptingtu, a remedy for those and other evils ; and in this manner
sul!ltional force to the principles of brotherhood, unity,
ai
dikelid, ...which friendly societies are based, by guarding
than fromthemach dike of sudden dissolution.
After
Proposed from
objects of F diligent search amon st the combinations ingeniously
time to time for the attainment of one of the principal
_ . Friendly and
in simplicity Benefit Societies, they have found none equal
and sympathyand
true that the Prehensiveness of design, as well as forethought
proposes
provision in for the wants of the industrious classes, as the plan
by the _National Lo ;n Fun Life Assurance Society. It is
author of that plan has furnished an argument against
ex-
pediency sickness; but, without concurring in the immediate ex-
treaco.thayetreinpaYernotefoeafbasathnidedoning a provision in sickness, no one can read the
plan itself, without being fully sa•isfied that the
"se** of Friendly and Benefit Societies will be
allow: secured and consulted, by separating the payment of a sick
A deputation
from an annuity for old age.
Farad,
having waited on the directors of the National Loan
.unn. who met in the handsomest manner the overtures made to
business
the establishment of a separate office
therm fur
con-
stituting connected with Friendly and Benefit Socieles, and the in-
file the transaction of
classes in general, resolutions have be en en ered into, con-
namb:rg the undersigned as a Committee, with pow ,r to add to its
an-
nexed o,r for the promulgation of the benefits cousin A in the =-
and which without
under the guarantee of the Capital of the Society,
without interfering with the numerous objects connected
Wit,l the Institution of Benefit and Friendly Societies, will in their
tai then greatly enlarge their sphere of utility, and afford a protection
sue working classes in old age and adversity, which nothing up to
Present day has adequately secured to them.
Thomas Burthom, P.C.R., Ancient Order of Foresters.
John Fussell, C.R„ Ancient Order of Foresters.
Johnj H. Gordon, D.S., Ancient Order of Foresters.
pram" Hale, D.C.R., Ancient Order of Foresters.
Joey Hunt, P.G , Manchester Unity of Odd Fellows.
v°•etih Nugent, Pro.. C.S • Mattel-le4er Unity of Odd Fellows.
Joseph Reeks; R.O.F. Order. of Old Friends.
Samuel Thnbrell, D.d.R., Ancient Order of Foresters.
Example, DEFERRED ANNUITIES.
pay-
ment—A persol, aged 24 next birthday, by the annual
ee,— of I/. 65., or quarterly payment of 75., or monthly payments
est.'?" Id., may secnre on attaining the age of 60, the option of re-
in'
v Annuity, in/. 195.23 ; Cash down, 1071. 3s. ;
o,iiis Life, 1.37/. 17:. * or a Policy
with the other options, by
twining Thle.—A person aged 26 next birthday, may secure, on at-
the „„-. age of 60, an Annuity of 101.,
annual payment of 11.65. 9,1 or a single payment of 221.175.3 d.;
or onthe Parnent of 61. 14s. 3d. for disparity, he will be entitled to
n
.
sasamebenente by an annual payment of 185. I Id., the same as
or age
Example A
Meet ne-, ..----- person aged 30 next birthday, by the annual pay-
oceftvesi. id.... 65., or quarterly payment of 75., or monthly payment
, may secure en attaining the age of 65, the option of re-
bl ng
AnnuitY 18/ Os. 4el • cash down, 1481. 12s. ; or a policy on
s life 175/. I Is' * .'
Ex
~., amide.— A .
...ent of ii ~. -.Person aged 35 next birthday, by the annual pay-
et. is
._, . es., or quarterly payment of 75.,, or monthly payment
eeivi- 4., may secure, on attaining the age of 65, the option of re-
-111 ng Annuity, 18/ Os 4tl • cash down, 1481. 12s. ; or a policy on
s life, 1751. 115. . * * '
Exam , LIFE ASSURANCE.
the sum of
person at the age of 30 next birthday maysecure
also -,-tn cl 1001. payable at his death, whenever it may happen, and
pay-
ment in the Annual Division t.,l* Profits, by the annual pay-
s., of 2/. 9.. 3d.
Exam e•—A person at the age of 25 next birthday, by the pay-
teem ofP'
4s. per month, or Is. per week, may secure the sum of
wi...1121.5s • PaYab'e at nix death, whenever it may happen, and like-
'''. share in the annual profits of the Society.
F. FERGUSON C VAIROUX, Secretary.

NATIONAL LO AN FUND LIFE ASSUR-
ANCE SOCIETY.

26, CORNHU L, LONDON,
Capital 4500,001.
This Empowered by Act of Parliament.
With Institution embraces important and substantial advantages
respect to Life Assurances and Deferred Annuities. The assured
On all occasions, the power to borrow, without expense or for-
feiture of the Policy, two-thirds of the premiums paid (see Table);
also
the option of selecting benefits, and the conversion of his in-
terests to meet other conveniences or necessity.
Assurances for terms of years are granted at the lowest possible
rates

DIVISION' OF PROFITS.
The remarkable success and increasing prosperity of the Society
has enabled the Directors, at the last annual investigation, to declare
a fourth bonus, varying from 35 to 85 per cent. on the premiums paid
en each Policy effected on the Profit scale.
EXAMPLES.
•

1 Mg. 'eV
pi 0
.4 Bonus Bonus in pi p. B Assurel
4" rR Premium. ; Cash.
~ added
0 5 t c.: -, g may
p: a Borrow.
--- . —, ---- --
- ______.
.-- --..... , r ,nn nil .1G 0 4X445 0

----
{
1837 Zl7 15 11.£100 011
X Xg* d. 1838 192 3 0 87 1 4
1000 3 4 1839 165 11 101 74 1 9
1840 116 7 61 54 010
18411 111 6 94 49 10 0

£l6 0 41
I 13 10 2,
11 3 1'
7 18 10
7 10 4,

kX445 0 0
, 395 11 1
1 34 2 3
296 13 4
247 4 5

The division of profits 13 annual., and the next ►ill be made II
December of the present year.
F. FERGUSON' CABIROU%, Secretary.

IMPERIAL LIFE INSURANCE COMPANY,
COENHILL, LONDON.
DIRECTORS.
HENRY JAMES PRESCOTT, Esq., Chairman.
GEORGE FIELD, Esq., Deputy Chairman. -
James C. C. Bell. Esq. Daniel Mildred, Esq.
i• Michael Bland, Esq • James G. Murdoch, Esq.
Charles Francis Cobb, Esq. John Horsley Palmer, Esq.
Andrew Colvile, Esq. Henry Pearse, Esq.
George Henry Cutlet, Esq. George Reid, Esq.
George Hibbert, Esq. Wllliatn R. Robinson, Esq.
Thos. Newman Hunt, E. Newman Smith, Esq.
POUR-FIFTHA, or SO I_,,r Cent., of the PROFITS w
increaill be
se the
as-
signed to policies every filth year, and may be applied to
sum insured, to an immediate payment in cash, or to the reduction
and ultimate extinction of future premiums, as shown in the follow,
hg example:—
PROFITS to POLICIES of 25 YEARS ST-';
participate in the Bonus declared 1,43

•I'N'G, entitled to

Age Cash paid on Or Prem. And an-
at gum Annual Bonus surrender reduced nual re-
EntrY. Insured. Premium. added. of Bonus. to. turn of. X
£ s. d. £ s. d. £ s. d. £ a. d..£ s. d.
15 1000 19 510 451 5 0 174 12 3 869 ••
20 1000 21 15 10 451 6 0 193 12 2 815 0
'3O 1000 26 14 2 451 6 0 236 18 7 710 5 .
40 1000 83 19 2 451 5 0 294 0 6 4 9 8
50 1000 45 6 8 451 5 0 335 511 ..•... 419 4
60 1000 63 13 4 451 5 0 384 12 5 .•.... 36 10 6

•
Insurances without participation in profits effected at reduced
rates.
Prospectuses, and an explanatory statement of other advantages
now given by this Company, may be had at the Chief Offices as
above ; at the Branch Office, 16, Pall-mall; or of the Agents.
SAMUEL INGALL, Actuary.

PORT OF LONDON SHIPOWNERS' LOAN
AND ASSURANCE COMPANY.
Offices, 20, ST. lIELE N'S-PLACE, LONDON.
The Deed of Settlement of this Company having been approved by
the Registrar, and the number of Shares prescribed by the Act having
been subscribed f,r, the Directors will proceed upon the let of May
next, ensuing, to issue Sea Policies under their Common Seal.
For the effectual protection of both shareholders and the assured,
the constitution of this Company Is based on the principle of limit-
ing the amount entertained in and upo I Individual vessels, or their
gargoes, in rateable proportion to the capital subscribed, and remain-
ing clear in hand according to a graduated scale, constructed with the
greatest care, thereby securing a wide and equalised distribution of
outstanding risks, to the enti'e exclusion of gambling profits, and
ruinous losses, from both sides of the account.
Under special clauses inserted in the Dyed no single Insurance.
for the space of twelve moi.ths, from the date ea issuing the flat
Policy, will exceed 5001. For the space of three years from the same
date the limit has been fixed at 1,0001.; and for the space of seven
years at 1,5001., a method of proceeding obviously calculated to
ensure a steady and remunerative business, and avoid the disastrous
results incidental to an opposite system.
A list of the Board of Directors, of the officers of the Company,
and of the Agents appointed for the outports, will be given in the
Prospectuses, which will be published after the complete registration
of the Company ha' been legally effected.

FAST INDIAN RAILWAY COMPANY.-
Notice Is hereby given, that the DEED of SETTLEMENT
of the East Indian Railway Company LIES for SIGNATURE at
the Offices, 8, Broad-street-buildings, and the Proprietors of Scrip
Receipts numbered from 1 to 80,000 are hereby required to transmit
the same to the Secretary for registration on or before SATuansr,
the let day of May next, in default whereof the shares will be sub-
jeet to forfeiture.
Copies of the report, with printed forms to accompany the Scrip,
may be obtained on application at the offices of the Company, 8,
Broad street-buildings; Messrs. Carden' and Whitehead, Royal Ex-
change-buildings ; and Messrs. Laurence, Cazenove, and Pearce,
Bartholomew-lane.
N.B. The registered share certificates will be issued in the order
in which the deed is executed, and the priority regulated by the date
of execution.
So soon as arrangements will admit, a notice will be issued calling
On holders of New Scrip to present the saute for registration.

LOUVAIN A LA SAMBRE RAILWAY.
DIRECT TO NAMUR AND TO CHARLEROY
'Notice is hereby given that the SECOND ANNUAL MEETING
of the SHAREHOLDER 4 of this Undertaking will be held at the
LONDON TAVERN, Bishopsgate-street, London, on Tuitsbair, 11th
May Next, at ONE o'clock precisely, on the General Business of the
Company.
Resolutions will also on this occasion be taken relative to the
Shares upon which the Call of 2/. per Share, due on the 2d Octo-
ber last, has not been paid; and a proposition will be submted on
Namur,
subject of the formation of the important line from Brussels to

JOHN BARNES, President.
GEO. DANCE, Secretary.
the Statutes of the Company it is necessary that all
Shareholders Intending to be present at the above Meeting should
deposit their Share Certideat, s with the ,:ecretary, at least Ten Days
before the 11th proxim,,, in order to intitie them to take part in the
proceedings.
21, Threadneedle-street, April 16, 1847,

s4li;

No. 61, Grosvenor-Street, Bond-street.
1 ESSRS. MOSELY, Surgeon-Dentists, have
0:I 27.,
it _ , IV& VEMOVED from 32, Haymarket. Their system of sup-
-I`.- ' Plying Artificial Teeth ensures the power to masticate, without
i - less
-:'.- - - enin4 the taste of the palate by artificial covering, or injuring
the
- • adjoining teeth by use of wires. Their teeth are unchange-
able in
Permanently tilled and restored to use,
Colour. awl perfectly resemble the original. Decayed teeth
superseding extraction.