The Sun.
London, England, 1847-04-15 00:00:00

Empowered by Act or P trliament.
The system of Deferred Annuities, or gin :Ey proposed by the Na-
tional bean Fued Life Assurance Society, for the trotter advance-
me •t of the objects of Benefit ant Frieralle Soelet es, havine, received
the approbation of a considerabit rusty f the active members and
officers of those Institutions, and the Director,. of the National !elan
Fund So iety having been ttreently solicited by them te establish a
Branch Onlee in connexion with these Societies and the Operative
Clasges generally, in which their services might he succeesiltly en-
gaged, a Committee has been sanctioned be the Direetors to open
e',111,111111!e:Itiorl aith the (tiff:rear S :defies, with the vi,vr of more
eft Ovalle d meininatine the vaittaide benefit, aniterest the Indus •
trimis da.eees, end a plat, h s been •rweiseit with that 'object.
ADDltre'S 1' THE COMMITTEE.
Many nraigeworthy btu it, ffeetted ettenipts have been made to
bring withitethe sceite .111.1 operation of the laws of 'no-Laity and
money the eavines o the .0 lust nous classes, as well as various cal-
cul -Wong !wattle,: their distrihutiott, having for their bjeet either
immediate, contingent, or deferred benefits.
A slight examination, however, will eemonstrite that the coo-
strut ttion of these alseciatioeti or..ocieties Is detective; and that In-
stead t f atforeing an easy access and a free choice of le vestment,
which should be the eri rilege of every one, they confine too tots.
rowly the channel through which a benefit can alone be secured ;
and, in proporion as their action is
octetOrd:inscribd and einarressed,
their utility is 'nutted. Fix example, it, is
or to eery class amongst the iiiihistrioug'community, that provision
in case of sickness is an object of such importance as to call for a
pecnniary sacrifice; whi:e to others such a provision appears more
attractive, and the loss of employment caused by sickness is a risk
against which they desire to be 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 deferred benests, so to arrange it that each separate
benefit should have its separate contribution.
It is to not having observed this rule, and to the asst elation of
two dissimilar funetions, and by confounding a sick allowance and
an annuity fund in one and the sell. same payment, that much of the
evils and mismanagement has arisen amongst itet•efit Societies.
No mechanism can be so perfect for the management of a sick -
• ess-fund provision as that afforded by the constant sectional asso-
ciation and watchfulness of the several 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 upon it,
But 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 out caiculations, money investment
being in getters' beyond the experience of the industrious elasses:
For these reasons it is clear that the funds destined tor a provision in
sickness should be kept entirely distinct trots; the fend intended as a
provision for old age
lst. 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
largere pr ob T b l provision
sickness o noold
them agea
selves.
willing
to take the risk of providing
3d. Because the responsibility of managing a provision for old age,
continued to a distant period is, in a great measure, incompatible
with voluntary associations, fluctuating laws, and individual Irre-
sponsibility, and more exposed to a failure in the performance of
such a contract, that when undertaken on the same principles that
ordinarily govern commercial Isodie .
4th. Because the expenses of providing for sickness must, when
netted in the same payment with provision for old age, tend to dimi-
nish still more this provision : nor sit wis loin or good policy to en-
danger the one for the sake of the other.
Impreesed with these convictions, and with an intimate knowledge
of the discussions passing within the bosom of many of the existhUt
Friendly and Benefit Societies, the parties whose names are here-
untoere-
attached, have had several meetings, with a view of prop
or adopting a remedy for those arid other evils ; and in this manner
to give an ad dtional force to the princip'es of brotherho el, unity,
and mutual aid, on which friendly societies are based, by guarding
them from the risks of sudden dissolution.
After much diligent search amen 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 mound none equal
in simplicity and comprehensiveness ot design, as well as forethought
and sympathy for the wants of the industrious classes, as the
It plan
Proposed by the National Lo' t'und Life assurance Society. is
true that the author of that plan has furnished an argument against
provision in sickness; but, without concurring in the immediate ex-
pediency ce abandoning a provision In sickness, no one can read the
other pat tof the plan itself, without being fully satisflei that the
coriven once and gaiety of Frentily and Lienetit Societies will be
greatly secueed and consulted, by separating the payment of 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 tire establishment of a separate face for the transaction of
bus.ness connected with Friendly and Benefit Societies, and the in-
dustrious classes in general, resolutions have been entered into, con-
stituting the inelersigneil as a Committee, with power to add th its
number, for the promulgation of the benefits contained in the an-
nexed prospectus, under the guarantee of the Capital of the -ociety,
and which, without 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, P.C.R., etncient Order of Foresters.
John Fusee% C.R.„ Ancient Order of Foresters.
John 11. Gordon, tee., Ancient Order of Foresters.
James Hale, D.C.R., Ancient Order of Foresters.
Henry limit, P. 0., Manchester Unity of Odd Fellows.
Jo eph Nugent, Pro. C.S., Manche-ter Unity of Odd Fellows.
Joseph Reeks, 8.0. F. Order of Old Friends.
Samuel Ancient Order of Foresters.
DEFERRED ANNUI TIES.
Example.—A person aged 24 next birthday, by the annual pay-
ment of I/, fs., or quarterly payment of 75., or monthly payments
of 2e. 2d., may secure, on attaining the age of 60, the option of re-
ceiving Annuity, 101. 19s. 2d. ; Cash down, 1071. 35.; or a Policy
on his Life, 137/. 17s.
Example. —A person aged 26 next birthday, may secure. on at-
taining the age of 60, an Annuity of 10/., with the other options, by
the annual payment of 1/.65. 91., or a single payment of 22/.175. 3de
Or on paymen. of 61. 14s. ad. for disparity, he will be entitled to
the same benefits by an annual payment of 18s. I Id., the same as
or age 21.
Example.—A person aged 30 next birthday, by the annual pay-
ment of 1/. es., or quarterly payment of 75., or Monthly payment
of 2s. 2d., may secure on attaining the age of 65, the option of re-
ceiving Annuity, 181. Os. 4d.; cash down, 1481. 12s, ; or a policy on
his life 1751. 1 Is. .
Example.— A person aged 35 next birthday, by the annual pay-
ment of 11. 65., or quarterly payment of 70., or monthly payment
of 2s. 2d.. ma Secure. on attainlng the age of 65. • the option of re-
ceiving Ant uity y, IS/. Os. 4,1. ; cash down, 1481. 125.; or a policy on
his life, 1751. lie.

LIFE ASSURANCE.
Exatmle..-A person at the age of 30 next birthday may secure
the sum of 1001. payable at hietdeath, whenever it may happen, and
also participate in the Annual Division ,f Profits, by the annual pay-
ment of 2/. 9s. 3,1.
Example.—A person at the age of 25 next birthday, by the pay
meat of 4s. per month, or Is. per week, may s,cure the sum of
1121 shareyb' at Ms death. whenever it may happen, and like-
wise in the annual profits of the Society.
F. FERGUSON C htROUX, Secretary.

NATIONAL LOAN FIT D LII E ASSUR-
ANCE SOCIETY,
26, CORNHILL. LONDON,
Capital 4.50,x,000.
Empowered by Act of Parliam.nt.
This Institattoti embraces important and substantial adrnitages
with respect to Life Assurances and Deterred Annuities. The assured
ha,,, on all occasions, the power to borrow, without expense or for-
feitu re of the l!icy. twothirds of te premiums paid (see Table);
also the optionol 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' front 15 to 85 per cent. on the premiums paid
en each Policy effected on the Profit
LES. scale.
EXAMP

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11440
I " 1841

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! hr diVigied of prof is til alliltl.l.l. and the next n ,t.ncl
cumber of the present year.
F. FEttOtTs'ON M ROUX. ttecretar►

LAW LIFE ASSURNACE
Established A.D. 1823.
Office, next St. Dunstan's Church, Fleet-street, London.
Subscribed Capital, One Million.
TRUSTEES.
The Right Hon. the Lord High ( haucellor.
The Right Hon. Lord Denman.
The Right Hon. Lord Casybell.
The Hon. Mr. Baron Alderson.
The Hon. Mr. Justice Coltman.
•
Ferrer, James William, Esq Master in Chancery.
Law, George, Esq., Lincoln's Inn

- _
DIRECTORS.
Bateman, .1 ...Tones, Esq„ Linco'n's lan.
Beckett, Right lion. Sir John, Bart., Stratford-place.
Brougham, William, Esq., Master in Chancery.
Brown, Anthony. Esq., Chamberlain 01 the City of London.
Chisholme, WI Ram, Esq , Lincoln's Inn-fields.
Clarke, Thomas. r:sq., Solicitor to the Board of Ordnance.
Ferrer, Oliver, Esq.. Lincoln's inn-field!. •
Forster. John. Esq., Carey-street.
Foss, Edward, Esq , Essex-street.
Frei e, George. Esq., New-square, ! incoln's-Inn.
Grey, 'sight Hon Sir George, (tart , M.P., Secretary of state for
the Home Department.
Harrison. Richard, Esq., Gray's Inn-square.
Law, Hon. Charles Ewan, Q.C., M.P., Recorder of London.
Lawton'. Edward, Esq., Drapers' Hall.
Lowe. William. Esq., Inner Temple.
Marsham, R. Bullock, Esq., Temple.
Parkinson, John Esq., Li coin's Inn-fields.
Samuel Starch, Esq., Under Secretary o; State for the
I tome Department.
Preston, Richard, Esq., Q.C., Lincoln's-Inn.
Richards, Richard, Esq., M P., Master in Chancery.
Robinson, Charles F. Esq., Queen's Coroner.
Smedley, Francis Esq., High Bailiff of Westminster.
Storks, Mr. serjeant, Sergeant's-Inn, Chancery-lane.
Thesiger, Sir Frederick, Q C., 31.11., Inner Temple.
Tinney, W. Henry, Esq., Q.C., Lincoln's-Inn.
Turner, Charles Robert, Esq., a Master of the Queen's Ilen.t,
Twiss, Horace, Esq., Q.C., Vice-Chancellor of Lancaster.
Vizard. William, Esq., Lincoln's Inn-fields.
White, Richard, Esq., E.ssex-street, Strand.
AUDITORS—CHOSEN BY THE PROPRIETORS.
Farrel*, Oliver William, Esq., Inner Temple.
Gurney, Russell, Esq., Q.c., lone Temple.
Walton, William Henry, Esq., Master of the Court of Exchequer.
CHOSEN BY TILE ASSURED.
Drummond, Harvey, Esq., Charing-cross.
Ellison, Nath., Esq., Lireodn's Inn.
Hoare, Henry, Esq., Fleet-street.
Assure Ices are granted upon the lives of persons in all stations and
employments.
Four-fifths of the profits have been, and will be, appropriated to
the pers II; assured for the whole term of life, at the end of every
:event)) year.
The strhjoined Tab'e is a specimen of Bonuses in even pounds,
added to Policies of I. 0001. each, which had been in force from the
commencement of the society to the 31st of December, 1840: