The Sun.
London, England, 1847-03-12 00:00:00

No. 16,998. LON DON, FRIDAY EVENING SU N,

NATIONAL LOAN FUND LIFE ASSU-
RANCE SOCIETY.
OFFICE, 26, CORNMILL, LONDON.
Capital 500,0001.
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-
ment of the objects of Benefit and Friendly Societies, having received
the approbation of a considerable body cf the active members and
officers of those Institutions, and the Directors of the National Loan
Fund Society having been urgently solicited by them to establish a
Branch Office in connexion with those Societies and the Operative
Classes generally, in which their services might he successfully en-
gaged, a Committee has been sanctioned by the Directors to open
communication with the different Societies, with the view of more
effectually (Isseminating the valuable benefits amongst the indus-
trious classes, and a plan has been aroposed with that object.
ADDRESS OF THE COMMITTEE.
Many praiseworthy but ineffectual attempts have been made to
bring within the scope and operation of the laws of mortality and
money the savings of the industrious classes, as well as various cal-
culations regulating their distribution, having for their object either
immediate, contingent, or deferred benefits.
A slight examination however, will demonstrate that the con-
struction of these associations or societies is defective; and that in-
stead of affording an easy access and a free choice of investment,
which should be the privilege of every one, they confine too nar-
rowly the channel through which a benefit can alone be secured ;
and, in proportion as their action is circumscribed and embarrassed,
their utility is limited. For example, it is not to every individual,
or to every class amongst the industrious community, that provision
in case of sickness is an object of such importance as to call for a
pecnniary sacrifice ; while 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 gttarded.. 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 benefits, so to arrange it that each separate
benefit should have its separate contribution.
It is to not having observed this rule, and to the association of
two dissimilar functions, and by confounding a sick allowance and
an annuity fund in one and the self-same payment, that much of the
evils and mismanagement has arisen amongst Benefit Societies.
No mechanism can be so perfect for the management of a sick-
ness-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 security, is seldom attainable
where a fund is to be accumulated through a succession of years,
and where results are to bear out calculations, money investment
being in general beyond the experience of the industrious classes.
For these reasons it is clear that the funds destined for a provision in
sickness should be kept entirely distinct from the fund intended as a
provision for old age :-
Ist. 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.
3d. Because the responsibility of managing a provision fbr 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 bodies.
4th. Because the expenses of providing for sickness must, when
united in 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-
danger 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-
unto attached, have had several meetings, with a view of proposing
or adopting a remedy for these and other evils ; and in this manner
to give an additional force to the principles of brotherhood, unity,
and mutual aid, on which friendly societies are based, by guarding
them from the risks of sudden dissolution.
After much diligent search amongst the combinations ingeniously
proposed from time to time for the attainment of one of the principal
objects of Friendly and Benefit Societies, they have found none equal
in simplicity and comprehensiveness of design, as well as forethought
and sympathy for the wants of the industrious classes, as the plan
proposed by the National Loan Fund Life Assurance Society. It is
true that the author of that plan has furnished an argument against
provision in sickness; but, without concurring in the immediate ex-
pediency of abandoning a provision in sickness, no one can read the
other part of the plan itself, without being fully satisfied that the
convenience and safety of Friendly and lienefit Societies will be
greatly secured 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 the establishment of a separate office for the transaction of
business connected with Friendly and Benefit Societies, and the in-
dustrious classes in general, resolutions have been entered into, con-
stituting the undersigned as a Committee, with power to add to its
number, for the promulgation of the benefits contained in the an-
nexed prospectus, under the guarantee of the Capital of the Society,
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., Ancient Order of Foresters.
John Fussell, C.I, Ancient Order of Foresters.
John H. Gordon. D.S., Ancient Order of Foresters.
James Hale, D.C.R., Ancient Order of Foresters.
Henry Hunt, P. 0., Manchester Unity of Odd Fellows.
J.Toosi
eepphh
RNettegkest: t
B, P.
or
.oF.
.0
OrderS. ,M Ma of trerrieUnndisty. of Odd ellows .
Samuel Timbrell, D.C.R., Ancient Order of Foresters.
DEFERRED ANNUITIES.
y 24 next birthday, iorfth7dss,y,orbymtohnethalynnpuaayinl peanyth-
m eEnxt aomf pil le.. —6s A.
, P:rr sqouna aged
rte r 1
of 2s. 2d., may secure, on attaincinasghthdeownage, 01f07610.,38th. ooprtioan
roof
lircey-
oc e EvhxiinsagmLAipfnleen. —uli3tlLp ell rs7o 195.1.
nag e2dd 2;6 next birthday, may secure, on at-
taining the age of 60, an Annuity of 101., with the other options, by
the annual payment of I/. 6s. 91, or a single payment of 221. 17s. 3d,;
or on payment of 6/. 14s. ad. for disparity, he will be entitled to
the same benefits by an annual payment of 18s. I Id., the same as
for age 20.
Example.-1 person aged 30 next birthday, by the annual pay-
ment of it. 65., or quarterly payment of 75., or monthly payment
of 2s. 21, may secure en attaining the age of 65, the option of re-
ceiving Annuity, 18/. Os. 4d.; cash down, 1481. 12s. ; or a policy on
his life 1751. ifs.
Example.—A person aged 35 next birthday, by the annual pay-
ment of 11. 65., or quarterly payment of Is., or monthly payment
of 2s. 21, 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. its.

CALEDONIAN ASYLUM.
lJ Incorporated by Act of Parliament, 1815.
For Supporting and Educating the Children of Soldiers, Sailors, and
Marines, Natives of Scotland, who have died or been disabled in
the Service of their Country, and of indigent Scotch parents, re-
sident in London.

Notice Is hereby given that a QUARTERLY GENERAL COURT
of the Corporation will be held in the Hall of the Scottish Hospital,
Crane-court, Fleet-street, on MONDAY, the 22d of March (instant),
to consider Notice of Motion given at the General Court, on 3d De-
cember last--That all votes recorded by unsuccessful Candidates at
this or any future Election be carried forward for their benefit at
future Elections, so long as they are eligible to remain on the list of
Candidates.

JOHN BURNIE, Secretary.

March 10, 1847.

PURL ICATIONS.

CHEAP EDITIONS of POPULAR
WORKS.

Two AND gIXPENCE EACH.—Lights and Shadows of 5c ttish
Life—The Trials of Margaret Lindsay—The Subaltern—The Life of
Mansie Wauch—Valerius, a Roman Story—The Foresters—
Peninsular Scenes and Sketches—Sir Frizzle Pumpkin—and Nights
at Mess.

TIIREE AND SIXPENCE EACH.—Tom Cringle's Log—Cs ril
Thornton—Reginald Dalton—Adam Blair and Matthew Wald—The
Cruise of the Midge.

Published by William Blackwood and Sons, Edinburgh and London
To be had of all booksellers.

PRACTICAL WORK ON DRAINING.
Lately Published, price 3s. 6d., Improved and Enlarged, a Second

Editimi of -
AMANUAL OF PRACTICAL DRAINING.
By HENRY STEPHENS, F.R.S.E., Author of •` The Book
of the Farm." With Sixty-three Engravings on Wood.
lVin. Blackwood and Sons, Edinburgh and London.
To be had of all Booksellers.

ALISON'S HISTORY of EUROPE DURING
the FRENCH REVOLUTION, now Publishing, in Menthly
Volumes, price 6s. each. Vol. 111. was published on the Ist of
March. The succeeding Volumes will appear on the lit of each
month.

Win. Blackwood and Sons, Edinburgh and London.

To be had of all Booksellers.

FOOD FOR TILE MILLION.

Published this day, in foolscap Bvo., price ss. cloth.
MAIZE against POTATO : a Case for the Times ;
comprising the History, Uses, and Culture of Indian Corn,
and especially showing the practicabilityand necessity of Cultivating
the Dwarf Variety is England and Ireland. (Dedicated, by parmis-
sion, to the Right Hon. Sir Robert Peel, Bart.)
By AMIC US CURIAE.
London: Longman, Brown, Green, and Longmans.

THE BLACK PROPHET COMPLETE.
Now ready, price One Shilling, 320 pp., bound,

THE PARLOUR LIBRARY, VoL. 1.,
THE BLACK PROPHET : a Tale of Irish Famine.

By WILLIAM CARLETON, Esq.
Forming the First Volume of a New Series of Novels and other
Standard Works, by Mary Howitt, Mrs. S. C. Hall, Miss Mit!nr,l,
Countess of Blessington, T. C. Grattan, Alexandre Dumas, &c.,
under the title of THE PARLOUR LIBRARY.
Simms and M'lntyre, 13, Paternoster-row, London, and 26,
Denegall-street, Belfast.

Just published, New Edition, foolscap Bvo., price 55.,
r HE PILGRIM of INDIA, an Eastern Tale,
_l_ and OTHER POEMS. By JAMES HUTCHINSON, Esq.,
late Secretary to the Medical Board of Bengal.
W. Pickering, 177, Piccadilly.

Just published, 12m0., price 55.,
POLITICAL F AME.
W. Pickering, 177, Piccadilly. •

THE MAHOGANY TREE. Words by W. M.
TIIACKERAY; Music by FRANK ROMER, forming No. 24
of THE MUSIC BOOK, price 6d.
Published at the Office, 1, St. Bride's Avenue, Fleet-street ; and
sold by all Booksellers and Newsmen.

NEW WORK BY MRS, ELLlS.—March 31st,
post Svo., price 9s.
PREVENTION BETTER THAN CURE;
or, THE MORAL WANTS OF THE WORLD WE LIVE
IN. Py the Author of "The Women of England."
Fisher, Son, and Co., Printers and Publishers, Angel- street,
St. Martin's-le-Grand, London.

LECTURES on DESCRIPTIVE ASTRONOMY during LENT, at the
110 YAL POLYTECHNIC INSTITUTION,
by Dr. BACIIHOFFNER, on the Mornings and Evenings
f Mondays, Wednesdays, and Fridays, with Illustrations, in
which the latest discoveries are included, accompanied with )c• •
and appropriate Music, by Dr. Wallis. Lectures on .ARMSTRO G
HYDRO-ELECTRIC MACHINE on the alternate Morningv. and
Evenings, Chemical Lectures. The Op:ical Effects include the last
beautiful DISSOLVING VIEWS. Experiments with the I)IVER
and DIVING-BELL, &c., &c.
Admission Is. Schools, half-price.

CONTRACT for WELSH CU A!. S for
HAULBOW LI N E.
Department of the Storekeeper General of the Navy,
The Commissioners for exeLotminegrstehte-pOlafficeice3olfarLhrdiliiiglmi
7.
hlgtiral
of the United Kingdom of Great Britain and Ireland, du hereby give
notice, that on SATURDAY, the 3d of April next, at Oae o'clock, they
will be ready to treat with such Persona as may be willing to
CONTRACT for Supplying and Delivering into Store at her Ma-
jesty's Naval Yard at Haulbowline, TEIREZ THOUSAND TONS
of WELSH COALS, flt for the Service of her Majesty's Steam
Vessels. The conditions of the Contract and a Form of the Tender
may be seen at the sad office. No Tender will be received after One
o'clock, on the day of treaty, nor any noticed, unless the party
attends, or an agent for him duly authorised in writing.
Every tender must be addressed to the Secretary of the Admiralty,
and bear in the left hand corner the words " Tender for " and
must also be delivered at Somerset-place, accompanied by a letter
signed by two responsible persons, engaging to become bound with
the person tendering, in the suns of 8001. for the due performance of
the Contract.

NTID LAND RAILWAY.
, The Midland Railway Company are prepared to receive
LOAN S on Security of their Debentures, for a period of three
years, in sums of not less than 5,000/. each, at interest after the
rate of 51. per cent. per annum, payable Half Yearly. Application
to be made to the Secretary, at the Company's Ofilce, Derby.
By order, J. F. BELL, Secretary.
Derby, March 6, 1847.

rjro the SHAREHOLDERS of the NORTH
BRITISH RAILWAY,
BROTIIIII. SFIAREHOLDEBS,
Some time has elapsed since the first offer for our Line was made
by Mr. Hudson ; since then negotiations have bcea opened, and two
distinct propositions submitted to the Directors. In the refusal of
the second proposal we supported'the Board toa man; to the first
and third we have not had an opport Ally of suing Yea or Nay.
I address you as a North British Shareholder ONLY, wishful of
ascertaining the real value of our property, and selling it for what
it is worth.

Before entering on the discussion of the value of the Line, let me
remind you of the intention of Parliament to lay its hand on all
Railway Property, by regulating the tariff, &c., every ten years.
Gentlemen, there is no doubt but that part of the Line from Edin-
burgh to Berwick will pay well; it is not quite so evident that the
Hayrick and other Branches will ; in fact, there is no' question but
that, with such gradients, particularly 1 in 75 for nine miles, the
dividend earned by the main—but yet shortest —line must be consi-
derably cut down.
Independent of the amount of receipts, there is another little
matter for consideration, which is, the 70,000/. thrown away on the
Perth scheme by the Directors, and the being plunged into a law-
suit, which it is not easy to see the termination of.
Now, on the whole of your capital Mr. Hudqon is willing to gua-
rantee 8 per cent. in perpetuity, including the 70,000/. and law-suit,
and gives us THE OPTION of an amalgamation with undoubtedly a 10
per cent. company, from York to Berwick.
Reflect, Brother Shareholders, consider well the threat from Go-
vernment' the appearance of the political and financial horizon—
famine staring you on one hand, more stringent tariffs and new
loans on the other—and the fact that the Midlands, paying 7 per
cent., stand at 117%, and Birmingham and Gloucesters, guaranteed
6 per cent., at 124. Does not that speak volumes ? I say, reflect
deeply—ponder well—before you reject such an offer as 8 per cent. in
perpetuity.
A. HOLDER OF FIVE HUNDRED SHARES.

QT. PAUL, COVENT-GARDEN, March 12,
1847.—The COMMITTEE of MANAGEMENT of this
PARISH hereby give notice, that they will meet in the Vestry
Room, on TUESDAY, the 16th day of March instant, at Six of the
clock in the Afternoon, to receive and consider Proposals and enter
into CONTRACTS for PAVING and REPAIRING the CARRIAGE-
WAYS and FOOTWAYS within the said parish, and providing
good materials for the same ; and likewise for Cleansing the
Streets of the said parish, and taking away the Dust and Ashes
from the houses of the inhabitants. The contractors to give security
and pay the expenses of the bonds and contracts at the time their
tenders are accepted.
Printed proposals (to be filled up lay persons willing to contract)
may be had at the Office of the Vestry Clerk, adjoining the Church;
or at 13, Bedford-street, Covent-garden, where such proposals will
be received at any time before the meeting. The Committee do not
bind themselves to accept the lowest tender, nor, In the event of
money being offered for the dust, dTolitohmeyApslediyot:EemLEseylv,es to accept
the highest proposal.
Vestry Clerk and Clerk to the Committee.

lIAVIES'S CANDLES, 6}d. per lb. ; Genuine
Sperm, Is. 9d. ; Yellow Soap, 485., 545., and 60s. per 1121bs. ;
Mottled, 60s. and 645.; Wax Candles, Is. per lb. ; German Wax,
Is. 2d. ; Fine Wax, Is. sd. ; Transparent Wax, Is. 11 d. ; Genuine
Wax, 2s. Id. ; Waxed-wick Moulds, 7%d.; Sperm Oil, Bs. per gallon ;
Solar, 3s. 3d., Pale Seal, 4s. ; Argand, or Vegetable, 43. 6d. ; Wind-
sor and Palm Soap, ls. 4d. per packet; Brown Windsor, ls. bd ;
Rose, Ss. ; Almond, Is. 6d. ; Sealing Wax, 4s. 6d. ; Hale's Paragon
Composite, requiring no snuffing, 10d. per lb.
For Cash—At DAVIES'S Old Established Warehouse, 63, St.
Martin's-lane, opposite Slaughter's Coffee-house.