The Sun.
London, England, 1847-04-16 00:00:00

o. i 7,02.8.

SCOTTISH WIDOWS' FUND and LIFE
ASSURANCE SOCIETY.
(Founded A.D. 1815, and constituted by Act of Parliament.)
The Right lion. the Earl of ROSEBERY, K.T., President.
• At the Thirty-third Annual GENERAL COURT, held in Edin-
burgh on the 2d Mar h, 1841, the lion. Lord COCKIIURN in the
Chair, the Manager read various statements, showing inter alia,
That the amount of Insuran es effected during the year ending
31st December, 1846, was 447,2001, and the number of Policies 617,
being on en average of about 7301. for each policy.
That the average Amount of Insurances effected annually during
the last ten years had been upwards of Half a Million.
That the capital arising from the accumulation of the Annnal Pre-
miums was, at the same d'fte, 1,805,860/. Os. 91., haviug increased
during the year to the extent of upwards of 121,000/.
That the Annual Rev nue was, at the same date, 266,364/.135. 7d.,
having increased during the year to the extent of upwards of 17,4001.
That the claims upon the Society, in consequence of the death of
Members during the year 1846, amounted to 103,910/. 16s. 3d., of
which, 20,2801. 3s. 3d. consisted of bonus additions—the number of
deaths being 82. That, large as these sums were, however, and nu-
merous as were the deaths, it had been ascertained by an approxi-
mate calculation, that they w ere only in the ratio of 54 per cent. of
what might have been expected according to the bills of mortality,
which form the basis of all the Socier's tables.
Lord Cockburn, after special reference to the results shown in the
above statements, thus concluded his address to the Court : —" Now
t ese are facts to which we are entitled to look forward not merely
with hope. for nothing is more delusive than hope, but with hope
which is not only confident but rational.--(Hear, hear.) I have only
to add, that enormous as these sums are, and dealing, though we have
been, with hundre is and thousands of interested individuals, we have
never, since we began, had occasion to enter a Court of Justice.—
(Applause.) We have not had a single litigation since the Society
began its labours. We have invested sums, the very mention of
which staggers our conceptions, and this in periods of great public
trouble, when great shocks were given to the stability of almost every
kind of security; and yet we have not lost by a single bad invest-
ment, l can say nothing that can add to the force of these facts.
Words would be perfectly idle. It seems ,o me to be impossible that
any intelligent or reflective mind can avoid contrasting the quiet and
steady progressiveness of this Society with other modes of laying out
money, in which there is often no gain at all, or in which the gain
of one man is the loss of "another.—(Hear, hear.) That cannot
happen here. These are waters upon which every man who casts
the bread of his prudence, is certain to have it returned at the time
at which those who are dearest to hint stand in the greatest need of
it.—(Applause.) I dare say you have often observed that the best
part, even of the Pest discourse, always consists in the practical
improvement.—(Laughter.) I now come to my practical improve-
ment, which is just this : I suppose all of you have a taste
for these Bonuses. I am mean enough to confess that I
have. -- (Laughter,) Well, how do you intend to expect that
they are to continue to be paid ? Why, solely by increasing our
business. The Directors cannot go on adding two per cent. to our
policies every year, unless we enable them to do so by additions to
our business. And how are we to increase our business ? These
gentlemen perform their duty by making the society flourish. We
hsve Individually a duty to perform also. Can all of you say that
during
the last year you have endeavoured•to bring insurers to this
soc ety ? I am afraid that there are many hundreds, if not thou-
sands, to ;ands, to whom Ito such reflection has ever occurred. I am, there-
oluserttlocuwlahrolymanxious to take this opportunity of irapres:ing upon
suggesting to othersytohue advantages Yon, as you value your owe interests, to say nothing of the interests
and even the duty of life insu-
irnescuoredmmtedntdhsetmo,leafuvrteharpo,
ranee. Ido not presume to ask you to act as solicitors ter this
address' yourselves, the expediency of
society. But Ido presume to recommend you to urge all your un-
insured
t,:ttiaoknegteitlerbtl)t-
oseffifeuellthofeyrisckaii
find;i"()u may
if they find a better than this, I ma only say that they must be mi.
racul usly fortunate."—(The lion. Chairman sat down amidst mach
applause.)

Sir James M. Riddell, Bart., then moved the appointment of the
gentlemen to fill the vacancies in the Direction.
The Rev. W. K. Tweedie having seconded the motion, it was
unanimously agr ed to.
Lord Moncrieff then moved the appointment of the Hon. Bouverie
F. Primrose as Trustee, vice Win. S. Moncrieff, Esq., deceased.
Alexander Blair, Esq., Treasurer of the Bank of Scotland, having
seconded the motion, it was unanimously agreed to.
The Hen. Mr. Primrose, who was present, accepted the appoint-
ment.
Charles Balille, Esq., Advocate, then mewed a vote of thanks to
the Pirectors Extraordinary and Ordinary, to the Trustees and Office
Bearers, for their conduct during the past year.
Professor Alison having seconded the motion, it was unanimously
agreed to.
Sir Adam Hay, Bart., moved a vote of thanks to the Chairman,
which was received with acclamation ; and the Court thereafter ad-
journed.
Full reports of the proceedings may be had, on and after the 15th
instant, and all laformati,dl required by those desirous of joining the
Society, on application at the Head Office, or at any of the Society's
agencies.

JOHN MACKENZIE, Manager.
WM. GEORGE, Chief Clerk.
HEAD OFFICE, EDINBUHOII, 5, ST. ANDREWS-SQUARE.
LOND N, 4, ROY &L EXCHANGE BUILDINGS, and 7, PALL-
MALL.

HUGH MAC KEAN, Agent.

NATIONAL PROVIDENT INSTITUTION,
for Mutual Life Assurance, Annuities, &c.
48, Gracechurch-street, London.
Chairman—SAMUEL HA Y HURST LUCAS, Esq.
Deputy-Chairman—WlLLlAM CASH, Esq.
DIXECTOIS.
Chas. Pritchett Boustield, Esq. Robert Ingham, Esq.
Jo,n Bradbury, Esq. Charles Lushington, Esq.
Thomas Castle, Esq. John St. Barbe, Esq.
William M. Christy, Esq. Samuel Smith, Esq.
John Felthani, Esq. i William Tyler, Esq.
Thomas Hodgkin, M.D.

MEDICAL DIRECTORS.
J. T. Conquest, M.D., F. 1., 5.... I
Thomas Bevan, M.D., F.L.S.
Somerroas - Messrs. Hardwick and Davidson.
CONSCL7ING ACTUARY —Charles Ansell, Esq., F.R.S.
The Eleventh Annual Report presented to the members on the
16th Dec. last, states that the number of pol•cies Issued in the year
1816, was --- nn
5, the annual premiums on which amounted to
18,4411. ss. 3d.; that the capital stock of the Society amounted to
299,6751. 12s. 4d., being an increase of 58,214/. 19s. Id.; while the
annual income was increased to 88,940/. Bs. 2d. The total number
of policies issued was 6,556..
The Claims paid on account of Deaths, during the year, amounted
to 15,0011. Is. 4d., being 6,000/. less than last year.
At the close of the present year, the Assets and Liabilities will be
investigated. when the Surplus Funds Accrued since th, last division
of profits in 1842 will he equitably apportioned milling She members,
and, early in the ensuing year, the bonuses c ue on each policy will
be declared.

All policies effected before the 20th of October next, will participate
In the profits, either by a bonus added to the policy, or a reduction of
premium, at the option of the member.
Am mg the privileges to be derved by effecting assurances in this
Institution, is that of members being able to secure the benefits of
their policies to nominees, tree from any charge, and exempt from pro-
bate and legacy duties.

rho gratifying result of the valuation of the liabilities and assets
of the Institution made in November, 1842, is exemplified in the fol-
lowing Instances, exhibiting the profit assigned to Policies which had
been in existence from one to seven years:—

. Reduction Equal to a
• o .4
5. t; ,t . -E., .., ~; 71 g. in Pre- Reduction
Z g as
5 "1 l-4 mium in per cent.
73,1 t F., ,; 2 i g -1. ~ ,-,lieu of on the
78 74 <4 = .4 4 4 ° 4 Bonus' Original
a.,14 Zi Premium of
Years. Years. X. X. s. d.X. s. d.. X. s. d.
7 59 1,000,163 11 0; 63 0027 17 2 44
7 46 1,090'115 12 01 40 1 8 16 3 5 40
7 33 2,000 177 10 01 54 1 820 11 6 39
7 32 500; 44 70,13 2 11! 5 1 4 39
6 52 2,000,227 19 0, 97 11 8 34 5 10 35
6 50 1,000106 5 11, 45 10 10, 15 10 7 34
6 31 5001
01
37 2 01 12 17 6, 4 2 5 32
5 51 I,`oof 91 3 47 2 613 6 4 28
S 41 2,000146 13 01 69 10 018 11 0 26
.5 30 GOO 37 2 0; 15 8 0, 4 1 2 26
4 42 500 24 19 01 17 12 1, 3 13 3 20
4 28 1,000 46 14 0,1 24 3414 16 5 19%
3 46 800 37 8013118 81 418 10 15%
3 25 2,000 69 60, 44 5 0 6 14 11 15,i
2 63 3,000 140 15 0 224 15 01 23 11 7 10%
2 26 500 11 11 0 11 10 01 1 2 9%
1 42 2,000 26 14 0, 70 8 4' 3 3 44