The Sun.
London, England, 1847-04-03 00:00:00

WEEKLY DISPATCH, Nov. 15, 1846,

The forty-eighth annual publication of this highly•important and
nsetbl work has just been issued ; and we must confess that its
bulky appearance has sarprised us not a little; and when we reflect
that the price remains -anal, ered, although the expense of collecting
the maferials must have increased, we are pleased at the liberality
of Mr, Kelly, the proprietor. In a commercial point of view, per-
haps, io book ever contained so much useful matter. Among o; her
Information, there is an " Official Directory," a " Street Directory,"
a" Commercial Directory," a " Trades' Directory," a " Law Direc-
tory," a" Court Directory," a" Parliamentary Directory," a "City
Directory," a " Conveyance Directory," and a " Banking Direc-
tory; —in fact, the volume contains much that is interesting and
valuable to the tradesman, the merchant, the lawyer, and pers ne in
ordinary life, as well as to the gentleman who occasionally dabbles In
trade. Every description of Information has been corrected to
the latest possible period, and that information is arranged with a
dearness and simplicity wh:ch must have involved great activity of
mind and exertion of body. Sewed with the book Is an excellently
engraved Map of London, more extended and acc:irate as to the
suburbs than any map we have seen • and to make it as complete a
reference as possible, an almanac is introduced. In the " Postal
Directory" there are the new rates with various parts of the Con-
tinent which will come into operation on the Ist of January.
Altogether this new issue surpasses any of its predecessors ; and we
are nct surprised that other Directories should have gone to the
tomb of all the Capulets.
BRITANNIA, Nov. 21, 1846.

The French people have done themselves some credit by their In-
dustrial expositions. But it must be acknowledged that, though in-
genious and pretty, they appear quite insignificant compared with
the industrial exposit on presented to the mind by this mighty
volume. Keeping pace with the advancing trade and population of
London, It still increases in balk, and keeping paoe with the move-
ment of society in a more important particular, it vigilantly seizes
every opportunity of Improvement to insure more perfect accuraly
and more complete classification. We find in this volume many in-
stances of superiority to former issues, which, though comparatively
trifling, show the intelligence and care exercised over every depart-
ment. It may be mentioned, that by the employment of private
agents, the changes of residence are now brought down to a later
period than formerly. and the value of the " Directory" is conse-
quently enhanced. We have before spoken of It as indispensable to
the proper management of business. Its authority is now so univer-
sally established, both at the Post-office and throughout the matt*.
polls, that any further recommendation of it is superfluous.

J01V.7 BULL, Nov. 28, 1846.
This annual leviathan is alrewly completed and published ; but
as a proof that the rapidity with which it must have passed through
the press has not operated against its careMi accuracy, we may
mention that the changes rendered necessary by the very recent
demise of Mr. Stewart, M.P. for Renfrewshire, are duly attended
to (See pages 1669 and 1676). We have so frequently expressed our
approbation of this moat valuable work, that we hardly know how
to vary our commendation. It contains every thing that can pos-
sibly be required in a directory—so full, so complete, so compre-
hensive are all its details. And when to this we add the extreme
accuracy which pervades every department, we know not what else

NATIONAL LOAN FUND LIFE ASSU-
RANCE SOCIETY.
OFFICE, 26, CORNIIILL, 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-
meat of the objects of Benefit and Friendly Societies, having received
he 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 be successfully ea-
gaged, a Committee has been sanctioned by the Directors to open
communication with the different Societies, with the view of more
ffectually dsseminating the valuable benefits amongst the Indus-
rious classes, and a plan has been proposed with that object.
ADDRESS OF TIIE COMMITTEE.
Many praiseworthy hut 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 remilating their distribution, having for their object either
immediate, contingent, or deferred benefits.
A slight examination, however, will demonstrate that the con-
struction of these asseciations.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 ; 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 effectiveind 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: '
two It
dissimilari s to o h
foovnig se rule,
and
g t os
etkh inacto andt
l o rof
an annuity fund in one and the sell• same payment, that much of the
cnti o nosb,ar nycl e d b
frouult n
evils and mismanagement has arisen amongst Benefit Societies.
No mechanism can be so perfect for the management of a sick -
and watchfulness of the several members composing it. By
ess-fund provision as that afforded by the constant sectional asso-
ciationthis means a thorough and constant check is mutually exercised, and
none hut the really sick are likely to become chargeable upon it.
But the same perfection, or the same semrity, is seldom attainable
where a fund is to be accumulated through a succession of years,
and where results are to bear oat calculations, money investment
being lit general beyond the experience .of the industrious classes.
For these reasons it is clear that the fends destined for a provision in
teckness should be kept entirely distinct from the Lind intendfd as a
provision for old age:- .
let 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 for 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 kodie,.
4th. Because the expenses of providing for sickness must, when
milted In the same payment with provision for old age, tend to dimi-
nish still more this provision : nor a it wisiom 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 Ike 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 ad litional 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 atnomst the combinations ingeniously
proposed front 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 Loon. Fund Life Assurance Society. It is
true that the author of that plan las furnished an argument against
prdvision in sickness; but, without concurring intim immediate ex-
pediency of abandoning a provision in sickness, no one. can read the
other part of the plan itself, without being fully salsfied that the
convetfence and safety of Friendly and Venefit 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 Mice for the transaction of
business connected with Frieudly,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, uuder 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 adyprsity, which nothing up to
the present day has adequately secured to.theM.
Thomas Burthom, P.C.R., Ancient Order of Foresters.
John Fussell, C.R„ Ancient Order of Foresters.
John H. Gordon, DS., Ancient Order.of Foresters.
James Hale, D.C.R., Ancient Order of Foresters.
Henry Hunt, P. 0., Manchester Unity of, Odd Feliovrs.
Jo.eph Nugent, Pro. CS., Mancheiter Unity of Odd Fellows.
Joseph Reeks, 8.0. F., Order of Old Friends.
Samuel Timbre% D.C.R.. Ancient Order of Foresters.
DEFERRED ANNUITIES.
Example.-A person aged 24 next birthday, ley the annual pay-
ment of 11. Cs., or quarterly payment of ,75., or monthly payments
of 2s. 2d., may secure, on attaining the age of 60, the option of re-
ceiving Annuity, 101. 19s. 2d. ; Cash down, 1071. 35.; or a Policy
on his Life, 1371. 17s.
Example.-A person aged 26 next birthday, may secure, on at-
taining the age of GO, an Annuity of 101.,,with the other options, by
the annual payment of 11.65. Sid,. or a single payment of 221. 17s. 3d.;
or on payment of 61. 14s. 3d. for. disparity, he will be entitled to
the same benefits by an annual payment of 18s. 11d., the same as
or age 20.
Example.-A person aged 30 next bittlitlay, by the annual pay-
ment of It Gs:, or quarterly paYfnent of Is.; *oratuintbly- payment
of 2s. '2d., may secure en attaining tile age of '65; the 'option of re-
ceiving Annuity, 181. Os. 4d.; cash'down,-141111: 12s: ; or a policy on
his life 1751. 118:
Exam he.-A-neMon aged 3.5 West hiffhdaY, by the annual pay-
ment of 11. 65.: bY pitythent of 78.; or •monthly payment
of Os. 2,1., may secure. on attaining the ago of 65, the option of re-
ceiving Annuity. 151. ; cash d0wn..148/.. 125.; or a policy cm
his life, 1751. lls.