The Sun.
London, England, 1847-04-05 00:00:00

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Department of the Storekeeper General of the Navy
Somerset-place, 3d April, 1547.
The Commissit ners for executing the °Mee of Lord High Admiral
of the United Kingdom of eat BritaM and IrelAnd, do hereby give
notice, that on MURSDAY, th.. 22d intim it, at one O'clock, they will
be ready to treat with such ersons as may be willia; to Contract
for supplying her Majesty's Dock Yards, or any one or more 01 them,
and the Admiralty and Marine Others with CO • LS. A distribution
of the Coa, 5, and a f trm of the Tender may be seen at the said wilco.
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
authorized In writing.
Every Tender must be addressed to the Secretary of the Admiralty,
and bear in the 1 ft 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 sum of 201. per 10J Was for the due per-
formance of the Contract.

NATIONAL LOAN FUND LIFE ASSU-
n.A.NcE soctory.
OFFICE, 26, CORNIIILL, LONDON.
Capital .500,0001.
Empowered by Act of Parliament.
The system of Deferred Annuities, oreinslly proposed by the Na-
tional Lean Fund Life. Assurance Society, for the better advance.
meat of the objects of Itenefit and Friendly Societ:es, having received
the approbation of a considerable body i f the active niemhere and
officers of those Institutions, and the Directors of the National Loan
Fund ies lety having been ur,;ently solieited..by thetu t establish a
Branch Office in cminexion with theae :societies anst the Operative
Classes generally, in which their services might be successfully ea-
gaged, a Committee has been sunetioued by the Directors to open
conemunicetion with the different S,cieties, with the vi..tw St more
effectually d ssennuatine the valuable benetite ainengst the indus-
trious classes, and a pla has been aseeeeed with that object.
ADDREeS' OF THE COMMITITE.
Many praiseworthy but Ineffectual attempts have been made to
bring within the scope and operation of the laws of mortality and
money the savings ut' the induat rums classes, us well as various cal-
culation* reguletlag their di-Ohm:km, Inning fur teeir i-bject either
immediate, contingent, er deferred benefits.
A slight examination, however, will ilmnon:trate that the con-
struction of these ass ciatimie or societies is detective; and that in-
stead of affording an easy access awl a free choice of investment,
which should be the l.risilege of every ose, they confine too nar-
rowly the channel through which a benefit can alone be secured ;
and, in proportion as their action is circeinseribed and embarrassed,
their utility is limited. Fir 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
peenniary 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 deterred beneate, so to arrange it that each separate
benefit should have its separate contribution.
It is to not having observed this rule, and to the aseecintion of
two dissimilar functions, and by cOnleundieg a sick allowance and
an annuity fund in one and the self-same payment, that much of the
avilaand mismanagement has arisen amongst Bet,e(ft Societies.
No niechanistn can he $3 perfect for the management et a sick -
rese-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 ution it.
But the saute perfection, or the gain* se ,urity, 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 tor a provision in
slickness should be kept entirely distiuct from the find intended as a
provision for o'd age :-
Ist. Because the laws of sickness and mortality, though apparently
connected, do not depend on the same celcelation.
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 for old age,
continued to a distant period is, in a great measure, incompatible
with voluntary associations, fluctuating laws, and indiv dual 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 bodie .
4th. Because the expenses of providing for sickness must, when
Baited In the same payment with provision for old age, tend to dimi-
nish still more this provision : nor is it wis loin 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 nanss 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 mach diligent search amonot 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 thrnished 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 Benefit 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 tile 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 tike Institution of Benefit and Friendly Societies, will iu 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.
Thanes Burthom, P.C.R., Ancient Order of Foresters.
John Fussell, C.R„ Ancient Order of Foresters.
John H. Gordon, DA' Ancient Order of Foresters.
James Hale, D.C.R., Ancient Order of Foresters.
Henry Hunt, P. 0., Manchester Unity of Odd Fellows.
Joseph Nugent, Pro. C.S., Manchester Unity of Odd Fellows.
Joseph Reeks, 8.0. F. Order of Old Friends.
Samuel Timbrell, Ancient Order of Foresters.
DEFERRED ANNUL TIES.
Example.—A person aged 24 next birthday, by the annual pay-
ment of 11. Gs., or quarterly payment of 75., or monthly payments
of 2s. 2d., may secure, on attaining the ace of 60, the option of re-
ceiving Annuity, 101. 19s. 2d. ; Cash down, 1071. 3s. ; or a Policy
on his Life, 1371. 17s.
Example.--A person aged 2G next birthday, may secure, on at-
taining the age of GO, an Annuity of 101., with the other options, by
the anuual payment of 17.65. 9.1.. or a single payment of 221.172.2 d.;
or on paymen, of 61. 14s. 3d. for disparity, he will be entitled to
the same benefits by an annual payment of its. 11d., the same as
or age 20.
Example.-1 person aged 30 next birthday, by the annual pay-
ineut of 11. Gs., or quarterly peymeut of 75., or monthly payment
of 25. 2d., may secure en attaining the age of G 5, the option of re-
ceiving Annuity, is/. Os. 4d.; cash down, 1451. 12s. ; or a policy on
his life 1751. I is.
Exam' le.—A person aged 35 next birthday, by the annual pay-
ment of 11. 6e.. or quarterly payment of 75., or monthly payment
of 25. 2.1, may secure. on atta'itlng the age of G. 5. the option of re-
ceiving Annuity, IS/. Os. 4d. ; cash down, 1481. 12s. ; or a policy on
his life, 175/. I Is.

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