The Sun.
London, England, 1847-08-10 00:00:00

.. 14,801 10 0

25,374 0 0
.. 16,696 5 5
.. 500 0 0

5,028 11 2

£47,598 16 7

Profit, as above, after deducting all expenses paid or
due, and interest (25,1451. Is. lbd.) allowed to
customers on their current and deposit accounts .. 47,598 16 7

£47,598 16 7
The Governor then declared a dividend of 3% per cent. for the past
half-year, being at the rate of 6 per cent. per annum, from Ist
July, 1346.
It was then proposed, seconded, and resolved unanimously—
" That the report now read be received, approved, and printed for
circulation among the proprietors."
" That Peter Laurie, Esq., be re-elected a Director of the Bank."
" That James Farquhar, Esq., be re-elected a Director of the
Bank."
'* That John Chapman, Esq., be re-elected a Director of the Bank."
" That the thanks of the meeting be given to the Governor, De-
puty-Governor, and Directors, for the very efficient and admirable
manner in which they have conducted the affairs of the Company."
" To Mr. W. W. Scrimgeour, the General Manager, and the other
officers of the Bank, for the efficient discharge of their respective
duties "

(Signed) P. LAURIE, Governor.
The most cordial thanks of the meeting were then voted to Sir
Peter Laurie, the Governor, for his able and courteous conduct in the
chair,

(Signed) ANDREW SPOTTISWOODE,
Deputy-Governor.
As the Income Tax on the profits of the Bank will be paid by
:he Company. individual shareholders are not liable for the same.

UNITED KINGDOM LIFE ASSURANCE
COMPANY,
No. 8, WATER LOO-P LAC E, PALL-MALL, LOND(IN,
THE SEVENTH GENERAL MEETING OF PROPRIETORS.
The Meeting of the Shareholders was held in the Office of the
Company, No. 8, Waterloo-place, London, on Friday, the 9th
July, 1847.
lIANANEL DE CASTRO, Esq. Deputy Chairman of the Board of
Directors, in the Chair.
The annual report of the receipts and disbursements of the Com-
pany, to the 31st December, 1846, and ef the amount of their funds,
and also the report prepared by the Auditors of the Company of the
accuracy of the accounts of the Company, having been in terms of
the Deed of Settlement laid before the meeting and read, they pro-
ceeded, as required by thatdeed, to the election of four Directors and
one Auditor, in the room of those retiring at the Annual Meeting.
The Meeting then elected by ballot, as required by the Deed of
Settlement, Mr. D. Q. Henriques, of Woburn-square, to be one of
the Directors of the Company, in the room of the late Edward
Boyd, Esq.
Mr. HENRIQUEs being present, declared his acceptance of a seat
at the Board, and offered his thanks to the Meeting for the honour
they had done him.
The report, of the receipts and disbursements to the 31st of
December, 1846, having, on the motion of Mr. M. 1). Luisa°,
seconded by Mr. T. CURTIS, been received and approved,
Mr. Ds CASTRO expressed his gratiticatioa and that of the
Directors, that they were able to announce a very favourable con-
tinuation of the successful progress of the Company during the last
year, the annual income at the present period amounting to 92,0001.,
year. The expenditure of the Company during the ast year was
a sum exceeding by 8,000/. their income at the annuall meeting last
less by 4,0001., than during that which preceded it ; so that boorish t
whole the affairs or the Company were at present in a most
bt en very satisfactory, although at Dublin, Cork, and GlasgOw, an
fever had been prevalent, very many proposals
ing situation. The returns from the agencies of the CompanY hadd
other places where
had necessarily been declined which in ordinary circumstances
would have been accepted, the premiums from which would have
increased their income. He was glad to be able to repeat the state-
ment made on former occasions, tnat the number of deaths of those
assured since the formation of the Company was greatly less than
the number provided for by the well-known tables of the Equitable
Society of London. He hoped he might be allowed to ascribe this
result to the caution of the Directors, as well as to the caution and
discrimination of Mr. Hale Thomson and the other medical officers of
the Company.
Mr. De CASTRO stated, that the Directors had every reason to
anticipate that the division of profits, among those holding Assur-
ances at the participating rate, and to the Proprietors, on the Ist
of January 1848, would be of a favourable character. The declara-
tion of this division would of course, be made at their next Annual
Meeting in July 1848.
It was his painful duty to remind the General Meeting of the me-
lancholy event, which had happened soon after their last Annual
Meeting, in the month of August, 1846, the death of their late Re-
sident Director, Mr. Edward Boyd, of whom it is but Justice to state,
that it was to his unexampled zeal, and to the extraordinary perse-
verance which distinguished him in the discharge of his duty to
this Company to the last day of his life, that its present high posi-
tion is mainly owing. The Board have every reason to believe,
that in Mr. Lennox Boy d, the son of Mr. Boyd, whom they ap-
pointed to succeed him, they possess the individual best calculated to
fill his place, of long experience in the business of the Company,
well acquainted with the duties required of him, and most anxious
to promote its interest.
Mr. STUART was, he said, sure that the meeting, after what they
had heard, would agree with him in approving the rotation, esta-
blished by the deed of settlement, in the retirement and election of
the Direetors of the Company, which had to-day, at their Annual
Meeting, placed in the chair Mr. De Castro, who is so thoroughly
well iniortned in their affairs. His explanation of the progress of
the Company, during the last year, had been so clear and satisfactory
as really to have lett him, who had hitherto at:every annual meeting
addressed a few words to them, nothing to say. He could not, how-
ever, take his seat again without joining their worthy Chairman in
expressing his deep regret on account of the lamented loss they had
sustained since their last meeting, of Mr. Boyd, the founder of the
Company. Having been one of the original Proprietors, and a Di-
rector from its commencement in March, 1634, to the present day,
no one had possessed better opportunities of being acquainted with
Mr. Boyd's indefatigable exertions to form and establish the Corn
pany, which could not have been surpassed, and which, without all
doubt, led to its present prosperity. Re was devoted to the Company
and to its establishment and success to the day of his death. Many
of those present must recollect his being carried to the table at the
last annual meeting, although suffering under acute illness without
any hopes o( recovery, and taking a share in the business of the
day, but a very few weeks before his decease. Fortunately for the
Company, his son, Mr. Lennox Boyd, ',rho was first, la 1838, Se-
cretary, and afterwards one of the Directors had been able to
give his father most useful assistance during his long indisposition.
The Directors, fully aware of the experience he had thus acquired,
and of his intimate acquaintance with the details of the office, una-
nimously appointed him to succeed his father as Resident Director
or Manager of the Company; and though speaking under restraint
in his presence, he was bound to add, that Mr. Lennox Boyd's assi-
duity,it. He could not
at the headep oe fity the
and the ability which he had shown throughout, most fully
Justified the appointment. These are not, Mr. Stuart said, mere
January to
words of course, they are uttered by one who is for some time every
30th J
day, unless when absent from London on official duty, in the office
2,7501., than in the same greater by 51,513/
mthe sums assured in e
aenepdsptewthi
itosehnbmeevteet failsenrtr, and
evidenceto superintendingfi nd M
thatrt,
hLee nn
managemento
every
v et.Boydypahe
has
vouched by the books, that in the lastbtanslisx
turns 4,6361., and in
from being committed to him,
not suffered
Mr. STUART
fact, emstaobnltihshs,edfrboymthhist
, aunns, 1847, the amount of new assurances was
the relative amount of premiums
witness of
fhteh.
regu heard, 1
ari i
tthe same six months in 1847,
the six month in 1846 being 145,2314961.g,:ane4a7td1e.
period from let January to 30th June, 1846;
business at their office,tt all
added, that it was also very agreeable to him t
and of the dispatch they et
pre-
miums
andrbey.
quarters,
fritonnid thatth— h
and correctness wl;h
is conducted and supheerlyritehte:
be his duty, after what
of nded l 7 and attention shown them
o assure the Meeting
courtesy
of Esta"e which the office itself
t Mr. LENNOX BOYD felt it to •
way in his power, to the his earnest desire to had been said,
and requested them to believe
of the
contribute, in every
lous attention to the management that he would interestsgivetiolfe the Company ;
question in the affirmative,
The CHAIRMAN havingaLemp
mation or explanation respeetin elhis readiness to afford any i
nicated in the statements and floc e CernPatirs affairs notco lif"-
Mr. M. D. LINDO inqred, whetheurmente laid before the Meeting,mmli-
participating scale, alive on Ist Januaa party, having insured on the
participating
next declaration of profits in July 1848,
provision being made for all alive on a
rY. 1848, but dying
before the
division ? Mr. DE CASTRO answered thewould Participate in the next
the declaration of the amount of profits to .1111arY, 1848, although
made in terms of the Deed of Settlement until divided is not to be
of July. a following month
Mr. J. G. HENRIQUES also inquired, whether the Bonus
Pro-
prietors would be paid in cash, or added, as an increase,
of their shares ? Mr. DE CASTRO referred to the 88th to Article
ee value
Deed of Settlement, which expressly declared, that the Ron of
thee
be appropriated for the benefit of the Proprietors according nt3 is
t -
amount of their shares, and as an increase in the valneofot)•tele
shares, and to carry interest at 4 per cent., so that there could be no
payment of the Bonus itself in cash.
The thanks of the Meeeting were afterwards, on the motion of Mr.
M. 1)". Lsreuo, seconded by Mr. J. G. HENRIQUES, unanimously offered
to the Directors for their great zeal and attention ht the management
of the affairs of the Company; and on the motion of Mr. Liam°,
secondedby Mr. J.W. SuritzaLANP, the thanks of the Meeting were
i else unanimously voted to-MY. 1)3 CAM* lbr his 41110 *WWII to
iMe Os*, ostoesl:transact
saoc r
u n I
daily
pe nu .
hwhma
snh
himself
had.mr
a