The Sun.
London, England, 1848-02-24 00:00:00

THE PROVIDENT CLERKS' & GENERAL
BUILDING AND INVESTMENT
Office, No. 15, Olt Broad-street.
Shares 1001. each. Entrance. fee, 2s. 6d. per Share.
Subscriptions per Share—Monthly, 12s. ; Quarterly, 1/. Lis. 11d. ;
Half-yearly, 31. I Is. bd.; Yearly, 71. Is. bd.
In this Society there will be no bidding for Shares—no Redemp-
tion Fees—Nor any Fines en withdrawal. Advances made according
to priority of application, and subject to Fixed Tables. Calculated
duration of the Society, Ten Tears.
Unarm&
J. Jones, Seq., J. Teulmin, Esq. ; J. C. Hardy, Esq.
DIRICTORS.
Mr. W. L. Allen, Murray-street, New-road
Mr. Edward Devonshire, East and West India Dock Horne
Mr. Samuel Eastman, Crawford-street
Mr. Samuel Gilbert, Little Tower-street
Mr. Thomas R. James, Messrs. White and Greenwell, Cheapiide
Mr. W. Kettlewell, G, Great Winchester-street
Mr. C. T. B. Keep, Lindsay-wharf, Chelsea
Mr. T. A. Pott, Henry-street, Pentonville
Mr. George Richards, 51 and 52, Paternoster-row
Sir. I. Whitehead, scn., Somerset House, and Chelsea
Mr. George Winter, Professional Life Assurance Office.
It/ammo—The Commercial Bank of London.
STAINDIXO COITNIM—W. C. looks, Esq., 30, Chancery-lane.
Somerreas—Messrs. Devonshire and Wilson, 29, Austin-friars.
SBILVETORS—Mr. Cornelius Wheeler, 28, Leadenhall-street ;
Sir. William Lambert, 40, Coleman-street.
BEetterear. —Mr. John Whitehead, jun., No. 6, the Crescent,
Albany-road, Camberwell.
This Association has been formed principality with the view of af-
ording to gentlemen engaged in GOVERNMENT and PUBLIC
OFFICES, BANKING HOUSES, and MERCANTILE ESTA-
BLISHMENTS, a safe and advantageous mode of investing a portion
of their incomes, either by way of deposit, at 71. per Cent. compound
interest, er in the purchase of freehold or leasehold residences.
The operations of this Society will be regulated by Tables prepared
expressly tor that purpose by two eminent actuaries.
The leading principles of this Seci,,ty are-
1. Perfect equality of benefit between all the Members, whether
borrowers or not.
2. Certainty in the amount of advance to which each Member
wishliag to anticipate his Shares will be entitled at any given period
of the Society's existence, with the means of ascertaining precisely
at any date the amount payable to retiring Members, and the valise
at the Sharct of continuing Members.
Members may pay up the whole or any portion of their subscrip-
tions for the ten years, in advance, and discount, after the rate of 4/.
per Cent. per annum, will be allowed for the sums so paid.
Members wishing to withdraw their Subscriptions may do so after
the first year, without fine ; and subsequently to that period com-
pound interest at the rate of 6/. per Cont. per annum will he allowed
upon the mans withdrawn.
Shares may he transferred free of stamp duties.
By the plan adopted in this Society new Members entering at
any period, and all Members taking up additional Shares, may have
0:1111i advanced to them without paying up arrears of Subscriptions ;
and the precise amounts that will he advanced either to old or new
Members, are out forth in the Tables, a eopy of which will be sup-
plied to every Member. This is manifestly far preferable to the un-
equal a..d obiectionable system usually adopted of putting the shares
rip to auction, and advancing the money to these who submit to the
largest discount ; by which moans the object of the Legislature,
which contemplated that each Member should derive precisely the
same advantage, is entirely frustrated.
The monthly subscription, both to the borrowing and non-borrow-
ing Members, is precisely the same, and continues the same to the
end of the Society; borrowers are, therefore, relieved front the
heavy monthly " redemption fee," and the mutual principle is car-
ried into full operation.
No Member lass any responsibility beyond the payment of his own
subscriptions.
Prospectuses and copies of Rules may be obtained at the office of
the Society, 15, Old Broad-street.
Applications for Shares should be addressed to the Secretary, in
the following form :

Date, 184
authorise you to register my name as a subscriber for
Shares in the Provident Clerks' and General
Building and Investment society.
Name • ..... ......• .. • • • • .•
Address .. • •
Occupation .• • •
Note.—lt Is proposed to limit the number of Shares to :)00, and
that the entrance fee shall not exceed 2s. 6d. per Share previously to
lst February, 1848.
More than 100 Shares are already taken.