The Sun.
London, England, 1846-01-22 00:00:00

CHRISTMAS HOLIDAYS.

ROYAL PogYTECHNIC INSTITUTION,
Lectures for this period of the year, by Dr. Ryan and
Professor Bichoffner in CHEMISTRY and NATURAL PHILO-
SOPHY will be illustrated by interesting and brilliant experiments.
A Lecture on the PREVALENT DISEASE In POTATOES will be
delivered by Dr. Ryan, and also on the ATMOSPHERE RAIL-
WAY, by Professor Bachoffner, a Working Model of which, ear-
ning several persons, is exhibited daily. The additions to the
OPAQUE MICROSCOPE, DISSOLVING VIEWS, and CHROMA-
TROPE are very effective. The PHYSIOSCOPE. Submarine Ex-
periments by means of the DIVER and DIVINS BELL. Am'ng
the various additions to the Working Models is Ooleman's NEW
AMERICAN LOCOMOTIVE ENGINE, for ascending and de-
scending Inclined Planes. A magnificent Collection of TROPICAL
FRUITS. Mr. Downe, the celebrated Flute Player, will take part
in the Music, eenducted by Dr. Wallis. Open front Eleven to Half-
put Five, and from Seven to Half-past Ten in the Evening.

Admission, Ono Chilling: Schools, nalf-price.

NATIONAL LOAN FUND LIFE ASSUR-
ANCE SOCIETY,
26, CORNIIILL, LONDON.
Capital.£6oo,ooo.
Empowered by Act of Parliament.
This institution offers important sun suktantlal advan-
tages with respect both to Life Assurances and Deferred Annuities.
The ass fired has, on all occasions, the power to born )w, without ex-
pense or forfeiture of the Policy, two-thirds of the premium paid,
(see table); also the option of selecting benefits, and the conversion
of hi4interots to meet other conveniences or necelsity. Assurances
for terms of years are granted on the lowtst possible rates.
DIVISION OF PROFIT:.
The SACCCSB and Increasing prosperity of the Society hditnablec.
the Directors, at the last annual investigation, to declare a third
Bonus, varying from 3u to 75 per cent. on the premiums paid on
each Policy effected on the Profit scale.
EXAMPLES.

FTHIOPIAN SERENADERS. - SECOND
CONCERT at the HA.NOVER-SQUARE ROOMS. rin . ,
IV 0 3
Messrs. (SERMON, STANWOOD, NARRINGTON, PELL, and z ! premium. 0 Bonus B.mns in g 6 4:1
WHITE respectfUlly announce that their SECOND CONCERT will • • , nadded. Cash. .g g:
take place 011 FRIDAY EVENING, JalolBl7 23, on which occasion will 4.„, I • - cg e g
be introduced a change of Programme. t ! •••• •
For particulars see Bills of the day.
—!
4 1837 £l9l 13 5 487 13 51.41—'-3 17 I --£395-11;
6110x0
THE MERCHANT TRADERS' SHIP LOAN A. 1838 165 13 0 74 13 10 II 8 6 346 2
AND INSURANCE ASSOCIATION. , 1839 138 13 6 GI 14 3 9 210 296 13 4
(P, .'I 11A'nnalIV Registered according to Act of Parliament.) I .1 11840. 89 0 0 41 13 4 . 6 I 0 247 4.`

THE MERCHANT TRADERS' SHIP LOAN
AND INSURANCE ASSOCIATION.
(Prvis'onally Registered according to Act of Parliament.)
Capital, 100,000,0001., in 20,000 Shares of 501. each.
Deposit, 21. 2s. per Share.
Five Shillings a Share to be paid on Allotment, the remainder on the
Execution of the Deed of Settlement.
No Shareholder to be liable beyond the amount of his Subscription.
TRUSTEES.
The Right Hen. Captain Lord Tiscount Ingestre, R.N., C. 8., M.P.
Sir Robert Price, Bart., M.P.
David Hope, Esq., Glasgow
COMMITTEE OP MANAGEMENT.
The Right Hon. Captain Lord Viscount lugestre, R.N., C. 8., M.P.
Sir Robert Price, Bart., M.P.
Captain Samuel Price, R.N., Senior United Service Club
Robert Wright Wood, Esq., Lodge-place, St. John's Wood
William Webster Watson, Esq., Inner Temple
Edward G. Winthrop, Esq., Gloucester-street, Regent's-park
Captain Blair, H.E.1.C.5., Glasgow
David Hope, Beq., Glasgow
Mathew Dick, Esq.' Meikle Ernoch Merchant, Glasgow
MANAGING DlRECTOR.—Augustus Collingridge, Esq.
BANKERS.
The Commercial Bank of London, Lothbury
. The City of Glasgow Bank, Glasgow
The Hibernian Banking Company, Dublin.
SOLICITOR.
John Watson, Jan., Esq., 10, Henrietta-street, Covent-garden.
SOLICITORS FOR SCOTLAND.
Messrs. Campbell and Tennents, George-square, Glasgow.
OFFICES.
London-2, FLsh-street-hill

Tae &Aston of proflt3 is annual, and the neat will be made In 1./,-
etnlf:ier of the present year. _ _

Glasgow--84, St. Vincent-street; Manager, John M‘Lellan, jun., Esq.
Dublin-12, Lower Sackville-street ; Manager, J. B. Bankhead, Esq.
The objects of this Association aro twofold—the Insurance of Ships
and the Advancing of Money by way of Loan, secured by mortgage
on shipping. Each branch affords its own share of individual profit ;
but the two operations,- jtidiciously, combined, will evidently be pro-
ductive of highly remunerative results to the proprietary.
The immense fortunes known to have been realised by individuals
who have advanced money upon the security of shipping, with an
assignment of the policy of assurance, afford the best guarantee of the
soundness of the principle upon which the Association is founded.
The almost incredible number of British shipping under mortgage,
shown by the books of the Registrar-General of Customs, exhibits a
wide field for the operations of the Association. The great bulk, if
not all of these loans, have been obtained upon exorbitant terms by
the small owner from his. more wealthy neighbour, who may look
rather to the obtaining possession of the vessel by foreclosure than
to the eligibility of the security as an investment.

The Association will advance a sum of money, in no case exceed-
ing two-thirds of the vessel's value, upon the report of its surveyors ;
which loan shall be secured by mortgage upon the whose ship and
earnings by freight, the policy of insurance effected with the Asso-
ciation remaining in its hands until the termination of the period
for which the loan has been granted.
Among the many advantages it holds out, the following are not
the least:

To the Shipowner, the certainty of obtaining, at a moderate rate,
and without injury to his credit, pecuniary assistance when he meat
requires it.
The opportunity of relieving himself from mortgages bearing an
exorbitant interest, and effecting them with the ♦ssociation at an
equitable rate.
To the. Shipbuilder, particularly when building for the market,
either at home or in our colonies, by placing him in a position less
dependent upon immediate sale at an unfavourable season.

To both, a participation in the profits of the Association by ho-
ming shareholders.
The Association embodies the following advantages for its Pro-
prietary :

The immediate certainty of securing a very large number of poli-
cies of insurance; since, although insurances will be taken without
loans, no loan will be granted unless the policy be effected with the
Association ; hence the double profit which will arise front these tso
sources.
A total absence of risk tb the shareholders.

It may be added that an extensive connexion has been already
formed in the leading outports, and insurance business to a largo
amount secured for the Association.

The same machinery sufficing for the working of the double prin-
ciple here exhibited, the expenses of management will not exceed
those of any ordinary marine insurance-office.
The necessary Parliamentary notices for an Act of Incorporation
have been duly even in the Gazettes of November, 1845.
The whole sum required for the preliminary expenses has been
advanced by the London members of the Committee of Management.
Applications for shares, in the usual form, may be made to the
Committee of Management, and addressed to any of the above-named
officers of the Association, to the solictors, or to any of the following
agents, from whom more detailed prospectuses may be had :—Wm.
Cafferata, Esq., Exchange-buildings, Liverpool; Messrs. Flint and
Tootal, Hull; Messrs. Drewry and Richardsofl, Newcastle-on• Tyne ;
Robert W. Ogilvie, Esq., Newcastle-on-Tyne ; W. J. Barker, Esq.,
Sunderland; Messrs. Carr and Sons, Whitehaven ; Tiffin Bell, Esq.,
Workington ; Messrs. Wood and Son, Maryport ; Henry Smith, Esq.,
Fleetwood ; T. Sanford, Esq., Exeter ; A. W. Forbes, Esq., Glasgow ;
J. Mac Lelian, jun., Esq SB, Vincent-street, Glasgow ; Messrs.
Gird wood and Co., Leith; J. B. Bankhead, Esq., 12, Lower
Sackville-street, Dublin; Robert Henderson, Esq., Donegalquay,
Belfast; Messrs. Ryan Brothers, Limerick; and Messrs. Hughson
and Dobson, Edinburgh.

F. FERGUSON CAMROITX, Rea.

iNTATIONAL PROVIDENT INSTITUTION.
No. 48; Gracechurch-street, London,' for Mutual Assurance
on Lives, Endowments, Deferred Sums, Immediate and Deferred
Annuities.

Enrolled under the Acts of Parliament relating to Friendly Societies.

C. P..Bousfield, Esq..
John Bradbury, Esq.
William Cash, Esq.
Thoptas Castle, Esq.
John Feltham, Esq.
Joseph Hargrave, Esq.
Thomas Hodgkin, M.D.

DIRECTORS.
Robert Ingham, Esq.
Joseph Janson, Esq.
S. Hayhurst Lucas, Esq.
Charles Lushington, Esq.
• John St., Barbe, Esq.
Richard Shortridge, Esq.
Samuel Smith, Esq.
MEDICAL. DIRECTORS.

J. T. Conquest. M.D., F.L.S. j Thomas Bdvan, M.D., F.L.S.
REPORT of the DIRECTORS to the TENTH ANNUAL MEET-
ING of MEMBERS, held at the LONDON TAVERN, Bishops.
gate-street, 15th December, 1845 ;
CHARLES LUSHINGTON, Esq , in the Chair.
_ _

Encouraging and satisfactory as all fortnei Annual Reports have
been, the Directors are much gratified, on this the tenth anniver.
nary of the Institution, to have to present to the members a state-
ment of the business of the past year, far surpassing in amount every
previous one, and exhibiting, as the Directors confidently believe, an
extent of prosperity which is unexampled In the• history of Life As-
surance Societies.

During the past year, 911 policies have been issued, making an In-
crease of 180 beyond the former year, and producing an annual in-
come of 16,33.51. 13s. 7d., and during the same p.riod the number of
proposalsdeclined have amounted to 113, the lives not having been
deemed eligible for assurance.

This large yearly increase of the business of the' Institution has
been effected, notwithstanding the competition it has to contend with,
from many new as well as old-established offices; a convincingproof
that the more the benefits of the mutual principle of assurance (on
which this Society is based) is known, the more it is approved.
The total annual income new amounts to the sum of 70,8191.
14s. sd.

The accounts of the institution, made up to the 20th November
last, have been subjected to the usual audit, from which it will appear
that the capital stock of the Society on that day amounted to the.
sum of 241,46 W. 133: 3d., being by far the largest annual increase
which has hitherto been made. _ .

By the deaths of members since the last report, claims amounting
to the sum of 21,2301. 2s. have become payable to their representa-
tives or nominees, and which leave been duly discharged ; this
amount paid to the representatives of deceased members fully de-
monstrates the benefit of life assurance ; most of the members whose
deaths are. rearred to, though in health at the time of effecting the
assurance, did not live long enough to contribute mere than a small
proportion of the sum paid to their respective families, who are now
deriving the benefit of the provision thus made.
The death of six annuitants has caused the sum of 1,6871. to fall to
the credit of Class 3.
The next division of profits will be made in November, 1847, and
the Directors have no doubt that the result will prove perfectly satis-
factory to the members.
In the early part of this year, in consequence of the large increase
that had taken place during tl.e two former years in the number of
proposals, and the great accumulation of general business consequent
thereupon, presented weekly for the consideration of the Directors,
it became obvious that it was impossible longer to get through in a
satisfactory manner, all matters pressing upon them at one weekly
meeting ; and to relieve this pressure, and to afford greater con•
venience to persons attending to make assurances, a second weekly
board, to be held every Friday. was adopted. In conformation of the
necessity and expediency of holding an additional weekly meeting,
the Directors refer to the extraordinary Increase el business since its
adoption.
In conclusion the Directors confidently trust that by a perse-
verance in the course hitherto pursued to insure the stability of the
institution, and which has led to the successful results herein de-
tailed, the members may have the satisfaction to witness a long con
t nuance of that prosperity which has throughout so signally
marked its progress.
The following statement shows the progress of the Institution since
its commencement :

_
No. of Amount of
Tears ending. Policies Annual Income. Capital.
issued.
20th November i 836.. 616 £ 8,021 12 2 £ 10,736 3 0
~ ~ 1837.. 435 14,600 0 0 31,592 10 5
/1 1838.. 459 19,934 19 4 46,855 0 10
19 1839.. 490 25,497 4 2 64,959 10 10
91
/9 ~ 1840.. 494 31,051 10 10 90,545 13 9
11 P 9 1841.. 357 36,357 1 4 114,993 2 4
11 VP 1842.. 344 39,360 9 7 139,806 1 7
Of 99 1,443.. 703 44,219 17 0 167,079 11 2
91 /9 1844.. 722 55,037 9 2 202,142 1 9
/1 /1 1845.. 811 70,819 14 5 241,461 13 3
•
Total Number•••• 5,551