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

:Nro. 17,028.

SCOT lISH WIDOWS' FUND and LIFE
b.O ASSURANCE SOCIETY.
(Founded A.D. 1815, and co,istituted by Act of Parliament.)
The Right Hon. the Earl of ROSEIIERY, K.T., President.
At the Thirty-third Annual GENKR AL COURT, held in Edin-
burgh on the •,!d Mar h, 1841, the Hon. Lord COCKBURN la the
Chair, the Manager read various statements, showing inter alia,
That the amount of Insuran:-es effected during the year ending
31st December, 1146, was 447,2001, and the number of Policies 617,
being on an average of about 7301. for each policy.
That the average Amount of Insurances etrectel annually during
the last ten years had been upwards of Lai( a Million.
That the capital arising from the accumulation of the Annual Pre-
miums was, at the same date, 1.80a,8t>07. Os. 9.1 having increase.'
during the year the extent of upwards of 121,0001.
That the Atinual Rev, nue was, at the satire date, 266,3641. 13s.
having increased during the year to tee extent of upsvard.s of 17,4001.
That the claims upon the Society, in consequence of the death of
Members during the year 1846, antautite I its 103,9107. I6s. 3d., of
which, 20,2801 34. 3d. consisted of bonus additiiiiis—the number of
deaths being 82. That, large as these sums were, however, amid nu-
•merons as were the deaths, it had been ascertained by an approxi-
mate calculation, that they it ere only in the ratio of 54 per cent. of
what might have le en es pectett according to the bills of mortality,
which form the basis Mall the SvUley's tables.
Lord Cockburn, alter 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 entitl, d to look forward not merely
with hope, for nothing is more delusive :hem hope, but with lui,:e
which is not only et:mitt:tent but ritaOliati.—(hear, hear.) I have only
to add, that enormous as these sums are, and de ding, though we have
been. with hundre 's and thousands of interested individuals, we have
never, since we began, had o casion to enter a Court sy Justice.—
(Applause.) We hare not had a single litigation since the Society
began its labours. We have invested sums, the very mention of
which staggers our conceptio,s, 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, I can say nothing that can add to the force of these facts.
Words vrou'd he perfectly idle. It seems ometo be impossible that
any intelligent or reflective mind can avoid contrasting the quiet and
steady progres•iveness 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 lass of another. (Hear, hear.) That cannot
happen here. Th:se are waters upon which every man who casts
the bread of his prudence, 18 ,ertain to have it returned at the time
at which those who are dearest to him stand in the greates: need of
it.—(Applause.) I dare say yuu have often observed that the best
part. even of the best discourse, ale ays c,oesists 1 the wit ticai
imptovement.—(Laughter.) I now come to my practical improve-
ment, which is just this : I suppose all of yeu have a taste
for these Bonuses. I am mean enough to confess hat I
have. (Laughter,) Well, how do you intend to expect that
they are to contlnae to be paid? Why, solely by increasing otr
business. The Directory cannot go on addleg two per cent, to our
policies every year, unless we enable them to do so by additions to
our business. Au,' how are we to increase our business ? These
gentlemen wrform their duty by making the society flourish. We
h• ve ht.tividuall a dui, t.. perform also. Can al of you say that
out3o
owu
during the test year yea have end avourei to bring 'mut. -vs to this
, as
lore, pant uhvl'ar:nl luyet: anaemia
Tour
swrteiiiett, titthil,e'resnt ht sa:
son ety ? am afraid that there are mane hundreds, if not thou-
sands,to whom
of those OPpvtterriti°ectiltuyr7dt linplresamiCigthu'po'ret;
you
niv
yto.susav;oestt:ltnhgeoef theped ili,tnec.es,
ofts
suggesting to others the ad outages and even the duty of life insu-
rance. Ido not presume to ask you to act AS solicitors tor this
society. hut Ido presume to recommend you to uge ail your un-
insured friends to leave a posit!on getter-11y se full of rise. You may
rev .mmeno them, fteth r. to take the best office they can find ; anti
it they find a better than this, Ica only say that they must be mi-
recut fortunate."— (The Hon. Chairman sat down am dot much
applauee.)
Sir James M. Riddell, Bart., then moved the appointment of the
gentlemen to fill the vacant s in the Direction.
The Rev. W. a. Twee die having seconded the motion, it was
unanimously agr ed to.
Lord Moneieff then movea the appointment of the if n. Bouverie
F. Primrose as Trustee, vice Win .4. Mon .rieff, Esq., deceased.
Alexander • lair, sq., 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 Bantle, Esq., Advocate, then moved a vote of thanks to
the Llrectors Extraordinary and ordinary. to the Trustees and Office
Bearers, for their conduct duri•-g 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 a';d after the 15th
instant, and all imformati .n required by those desirous of jetning the
Society, on application at the Head Oflice, or at any of the Society's
agencies.

JOHN MACKEINIZIE, Manager.
WM. GEORGE, Chief Clerk.
HEAD OFFICE, EDINBURGH, 5, ST. ANDREW'S-SQUARE.
LOND JN, 4, ROY EXCHANGE BUILDINGS, and 7, PALL•
MALL

HUGH MAX KEAN, Agent.

NATIONAL PROVIDENT INSTITUTION,
for Mutual Life Assurance, Annuities, &c.
IS, Gracechurch-street, London. 1
Chairman—SAMUEL HAYHURST LUCAS, Esq.
Deputy-Chairman—WlLLlAM CASH,' Esq.
DIRECTORS.
Chas. Pritchett Bousflel4 Esq. , Robert Ingham, Esq.
Joi.n Bradbury, Esq. ! Charles Lushington, Esq.
Thomas Castle. Esq. 1 John St. Barba, Esq.
William M. Christy, Esq. Samuel Smith, Esq.
John Felthans. Esq. William Tyler, Esq.
Thomas Hodgkin, M.D.

MEDICAL pIRRCTORS.
J. T. Conquest, M.D., F.L S. I Thomas Bevan, M.D., F.L.S.
SOLICITORS— Messrs. Mardvrick and Davidson.
CONSVLTING ACTUARY --Charles Angell, Esq., F.R.S.
The Elever.th Annual Report presented to the members on the
16th Dec. last, states that the number of policies issued in the year
1816, was 1.005, 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 a..-cttent of Deaths, during the year, amounted
to 15,001/. Is. 4d., being 6,000/. less than last yeiV.
At the close of the present year, the Assets and Liabilities will be
investigated, when th. 3 Surplus Funds accrued since the last division
of profits in 1842 will be equitably apportioned among the members,
and, early in the ensuing year, the bonuses t.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 levied to the policy, or a reauction of
premium, at the option of the member.
Am ,ng the privileges to be der.ved by effecting assurances in this
Instituti.m, Is that of members being aid • to secure the benefits of
their policies to nominees, tree from any charge, and exempt from pro-
bate and legacy duties.
fhe gratifying result of the --aluation of the liabilities and assets
of the Institution made in November, 1142, is exemplified iii the fol-
lowing instances, exhibiting the profit a.sig ed :0 Policies 'which had
been in existence from one to seven years:—

Equal to a
-------____
• Reduction
1
11 t E. .. ; E't -4. Ile:duct:l°n
16
g -4
I )
° 'g a ;I . 5 mium in per cent.
"6" TA tcs V- ci: I ° • 'C t lieu of on the
S7l '.4 S ' '4 " °44 Bonus'Premium of
Oriinal
a. al 8 -4
Tears. Years. X. .X. I. d.l
.X. s. d. X. s. d.
7 59 1,000 163 11 0630027 17 2 44
7 46 1,0 0 115 Pi 040 1 ill 16 3 5 40
7 33 2,00 177 10 054 1 12011 6 39
32 hnooi 44 7013 2 1181 5I 4 39
652 2,(P0 227 19 097118.34 5 10 35
6 50 1,000 106 5.0 45 10 10. 15 10 7 34
6 31 500: 37 2012176: 4 2 5 32
5 51 1, 00; 91 304726 13 6 4 28
5 41 2,00111146 13 c69lOCilB 11 0 26
5 ::,0 6001 37 20158 0 4 1 2 26
4 42 500 28 19 01712 1' 313 1 20
4 28 1.0001 46 14 02434 4 16 5 19%
3 46 800, 37 80131188, 4 18 10 IA
3 25 2,000: 69 6014450 i 6 14 11 1534
2 63 3,00°,140 15 0 224 15 Oi 23 11 7 IN
2 26 5.e01 il 11 0111001 1 2 C 9%
1 42 20w0' 26 14 070841 3 3 f 414

The r n Neal Premiums due on Polities the Ist instant next, must
be paid within thirty days from that date.
Ceptes of the last re ort, to ether with every other information,
may be obtained on application at the Office.
• Ths number of Policies •sued from the let January last to this
date, is 339;-the amount assured thereby, £178,250; the annual
premiums on which amount to X 5,844.
April 15, 1847. - JOSEPH MARSH, Secretary.