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

No. 17,027.

ATE)NAL LOAN FUND LIFE ASSU-
RANCE SOCIETY.
OFFICE, 201, ColtNri ILL LONDON.
t 'apital 500.0001.
Enitowerea by Act of 1' Ailment.
The sys•em ot Deferred Antinities. or gin 'lly proposed by the Na-
tionel lean Fu .'ti Lie Assurance Society, for the better advance-
me.tt of the objects of Benefit and Friendle •soolet ontving received
the approbation of a coesitterabl- body f the active members and
officers of tinter, institutions, aryl the Directors of the Natiottal Loan
Ftand•Sti iety having been urgently solicited by them t • establish a
Branch Otlice in connexion with those Societies anti the Operative
Classes generally, in which their cervices might be sttecessfuly en-
, gaged, a Committee has been sanctioned by the Directors to open
c annuntication with the Jiff rent S defies, with the vi w of more
effectually ti sseminating the valuable benefits antonzst the indus-
trious classes, void a pia It is be, ti roensed wilt lh:t• object.
ADDRF,S )F 711 E COM3II'I7I:E.
,Many praiseworthy hilt in, ffectual Demos have been made to
bring within the scope and operation of the laws fmo talit
ousy
eat-
and
money the savings of the intittetrtotie classes, as we of as vari
cut ttions regulatieg their distribution, having ter lecir bject either
immediate, contingent, or deferred benefits.
A slight exatnination, however, will demonstrate that the con-
strte•tion of these cittinee or societies is defective; and that in-
stead ef affording an easy access anti a free choice of
• which should be the t rieilege of every on they confine too ette-
, rowly the channel thrill •h which a benefit can al 'tie he seeere.i
and. in pronorion as their action is circtiniscritied and emir:was-tett,
their tunny te bunted. F example, it Is not to every deltvithial:
or to every class ainouget the heltestrious community, that prov sion
in case of sick
tee is an object of such importance as to call for a
pecnniary sacrifice ; whl e to others such a provisiott appears more
attractive, and the hiss of employment caused by sickness is a risk
against which they desire to be guarded. Fer tis 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 b.-nests. so to arrange it that each separate
benefit shoull have its separate contribution.
It is to not having ohs a-veti this rule, and to the ass-elation of
two dissimilar tlin lions, anti by confounding a sick allowance anti
an annuity fund in one and the silt same payment, that much ot the
evils and mismanagement has arisen amongst Hue .ent Societies.
No mechatilsn can be so perfect for the management of a sick-
' ess-fund provision as that afforded by the cons, ant sectional asso-
ciation and watchfulness of the several members composing it. By
this means a thnrough and constant check is mutually • xsrciaed, and
none but the really sick are likely to !wont, chargeable utton it.
lint the same perfection, or the same se urity. is seldom attainable
where a fund is to be accumulated through a succession of years,
and whe.'e reenits are to hear nn, calculations. money investment
in gteeeral beyond the experience of thy industrious classes.
For these reasons it is cear that the funds destined for a provision In
sleknes+ should be kept entirely distinct trout the f ,nd intended as a
provision for old sge
IA: Mecums ate Ivelt4te *teem and mortfilitY. though APP3rentb'
connected, do not depend on the slime calenlathaM •
f"lroftheachanle "sietki:oress aoren greatthemselves.
nseh,nesur.nber who, in order to secure
largeror pnwisinn In old age are willing to take the risk of providing
&I. Beeauee the reeponsibility of managing a p
continued torovision err old age,
wall voluntary associations, fluctuating at
a distant period is, in a i m tat
anti indiv dual irrc-
such a contract, that when ttnutiodertak
sPollsibililY, anti more exposed. hews,
n the performance of
te a failure 1
I that
ordinarily govern commercial
ueited in the same p iymen.tgwnifthP
4th. Because the expense ie
'en on the 5005 princip es
provisionrov i fur r :lictiVancees,s
nish 8111 mere this provision : nor sit wts loin or good policy to en-
temnuilstt:t wdihmein-
danger the one for the sake 0, 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 who-e iiimes are here-
unto attached, have hal several meetings, with a view of proposing
or adopting a remedy for those and other evils ; amt in this manlier
to give an ad itional force to the princip,es of brotherho •cl,
and mutual aid, on which friendly societies are based, by guarding
them from the risks of suddea dissolution.
After much diligent search amon 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 found noene eh
gqual
in simplicity and comprehensiveness of design, as well as forhout
and sympathy for the wants of the Industrious claws% as the plan
proposed by thy National L0.,t1 vund i.lle .tssurance Society. It is
true that the author of that plan his furnlebei an argument again, t
provision in sickness; but, without concurring ino on thene ir
camedi readate eh
x-
pediency o' abandoning a provision in sickness, n
other pa: t of tho plan itself. without being ftilly sa billet that the
conven.ence and safety of Fr endly and Llen..flt r•tociet!es 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
hus!sess connected with Friendly and Benefit Societies, and the in-
dustrious cases in general. resolutions have been en ered into, con-
stltuting the undersiened as a Committee, with power to add to its
number, for the promulgation of the benefits contamed in the an-
nexed prospect w, utbier the guarantee of the f 'apit.l of the tocietY,
anti which, without interfering with the numerous objects connected
with the institution of Benefit and Friendly Societi-s, 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 pros?nt day has adequately secured to themer .
Foresters.
Themes Burthom, P.C.R., Ancient Ord Of
John Fits -ell, C. 11.„ Ancient Order of Foresters.
J.,hti 11. Gordon, Ancient Order of Foresters.
James Gale, I t.C.R., Ancient Order of Foresters.
Henry limit, P.G., Manchester Unity of Od•t Fellows.
Jo-eph Nugent, Pre. C.S.. Manche ter Unity of Odd Fellows.
Joseph Reeks, 11.0. F., Order of Old Friends.
Samuel Timbrell. D.C.R.. Ancient Order of Foresters.
DEFERRED AN SUI ES.
Example.—A person aged 24 next birthday, by the annnal pay-
ment of IL ils., or quarterly payment of 74 , or monthly payments
ol may secure, on attaining the age ot 60, the option nf re-
ceiving Annuity, 101. 19s. 2d. ; Cash down, 1071. 3s. ; or a l'ollcy
en his Life, 137/. 17..
Example.—A person aged 26 next birthday, may secure, on at-
taining the age of 60, att Annuity of int. with the other option., hy
the annual payment of 1/.65. 91., or a sltigle payment ot 221.17 s 34.;
or on paytnen of 61. 14s ad. for disparity. lie will be entitled to
the Came benefits by an annual payment of les. I Id., the same as
or age 21.
Example.— person aged 30 next birthday, by the onnual pay-
1.
ment of IL 65., or quarterly paymeut of 75., or monthly payment
of 2a. '2d., may secure 011 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. I Is.
Examole.— A person aged 35 next bit-natty, by the annual pay-
ment ef 1/. Gs. or quarterly payment of 75., or monthly
payment
of 2s 2.1.. may secure on attalning the age of 65 the option of re-
ceiving Annuity. 151. Os. 4d. ; cash down, 1481. 125.; or a policy on
his life, 1751. 11s.

LIFE ASSUR INCE.
Exatirde. -A person at the wae of 30 next birthday may secure
the sum et 100/. pyable at his death, whenever tt "tiny happen, and
also participate Ina the Annual Division . f Pront 4, by the annual pay-
ment of 21. 9s. 3:1,
Example —A person at the age or 25 next b'rthday, by the pay
Meld of 4s. per in: nith, or Is. per week, may s cure the sum of
1121 ss. payah eat nis death. whenever it may happen, and like-
wise share in the annual profits of tla• Society.
F. FERGUSON C IROUX, Secretary.

NATIONAL L()01 D LtIE ASSUR-
ANCE SOCIETY.
26, LONDON,
Capital £50'..000.
Empowered by act of Pirliam=nt.
This Institution embraces imp,o-tatiit and substantial advantages
with respect to Lite Assurances and DOCTI-01 Annuities. The assured
ha-, on .11 ocea-ions, the power to borrow. without expense or tor-
with
of the Policy. t birds of the premiums paid (see Table);
also the option of selecting benefits. and the conversion of his In.
terests to meat other conveniences or necessity.
Assurances for terms ot years are granted at the lowest possible
rates.

DIVISIO*; OF PROFI TS
The remarkable RUCCUSA and increasing pro.peritv of the Society
has enabled the Directora, at the hot annuli inveatlga ion to declare
a fourth bonus, varying from 35 to 85 per cent. on the premiums paid
en each Policy effected un theE Profit
E scale.
XAMPLS.

l'reralum.

g Annie
??,.. t may.
3 g Borrow
• 14.

▪ I
Ponds Bonus in
•I• axle(' . Cash.

X Xs. d. f
60 000 3 4 I

1.371 E 217 15 I .£lOO 011
1436 192 3 0 67 1 4
1639 165 11 10 74 1 9
1410 116 7 6 54 010
1441 111 6 R 19 10 0

Xl6 0 4 ,£44s
13 10 3 :45 11
11 3 1 34 2 3
714 10 'A.u; 13 4
71 t a 247 1