The Sun.
London, England, 1846-01-16 00:00:00

FRIDAY EVENING

HEFFIELD, NOTTINGHAM, and LONDON
DIRECT RAILWAY COMPANY.

The Committee of the above Company having observed an ad-
vertisement Issued by the Secretary of the " Nottingham, Mansfield,,
and Midlands Junction Railway Company," have felt it their duty
to call for explanations from their Solicitors and Parliamentary
Agent (upon the faith of whose previous report to them they decided
upon the forms of their Letters of Allotment, and advertisement).
The following is the reply they have received, which Is so conclusive
that no observations upon It can be necessary :
" To the Committee of the Sheffield, Nottingham, and London Direct

Railway.
" Gentlemen,—ln reply to the inquiries you have addressed to us,
with reference to an advertisement signed by the Secretary of the
Nottingham, Mansfield, and Midlands Junction Railway Company,
we beg to state that the following were the only lines competing with
your line from Nottingham to Chesterfield :

"1. The Midland Counties. •
" 2. The Nottingham, Mansfield, and Midlands Junction
Company.
" The first of these is stated to be withdrawn, for the present
session.

. " The second (the Company by whom the above-mentioned adver-
tisement was issued) did not complete the deposit of their Plans until
the Ist of December, and are therefore not in a condition to go to
Parliament

The London and Nottingham Railway Company, which in some
degree competed with your line, have not deposited the Plans and
Sections in the Private Bill Office.
" As, under these circumstances, there is n) line which can com-
pete with you, in the present session, between Nottingham and
Chesterfield, and, as we are happy to assure you, that in the case of
the Sheffield, Nottingham, and London Direct Railway (Nottingham
to Chesterfield), the standing orders have in every case been most
strictly complied with, we trust it is unnecessary we should say
more to prove how utterly unfounded are the statements advanced
in the advertisement of the Nottingham, Mansfield, and Midlands
Junction Company.
" We are, Gentlemen,
" Your most obe lient servants,
" JOHN OWENS, 1 Solicitors.
" A. W. ARNOLD,
" A. C. HOWDEN, Parliamentary Agent."
By order of the Committee.

H. F. ALSTON, Secretary.
35, Moorgate-street, January 15, 1846.

NATIONAL LOAN FUND,LIFE ASSUR-
ANCE SOCIETY,
26, CORNHILL, LONDON.
Capital £500,000.
Empowered by Act of Parliament-
This institution offers important and substantial advan-
tages with respect both to Life Assurances and Deferred Annuities.
The assured has, on all occasions, the power to barnw, 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 hi. interests to meet other conveniences or necessity. Assurances
for terms of years are granted on the lowest possible rates.
DIVISION OF PROFIT t.
The s access and increasing prosperity of the Society has enabled
the Directors, at the last annual investigation, to declare a third
Bonus, varying from 30 to 75 iper cent. on the premiums paid on
each Policy effected on the Prolt scale.
EXAMPLES.

a.l 0 p
e7PI 'l4
Z Premium. Banns Beaus In DI ci ott wE2
p --- , 4 added. Cask.
X
1837 £l9l 13 5 XB7 13 5 £l3 17 1 £395 11l
s. d. 1838 165 13 0 74 13 10 11 8 6 346 2 3
601000 74 3 4 '1839 138 13 6 61 14 3 9 210 296 13 4
1840 89 0 0 41 13 4 6 0 0 247 4 5

The d'.-vision of profits is annual, and the next will be made in De-
cember of *he present year.

F. FERGUSON CAMROUX, See.

GANNERON'S PARIS, and LYONS RAIL-
WAY COM PAN Y.
Notice is hereby given that parties holding Banker's Receipts, but
who omitted to sign the reciprocal engagements required by the
French Government, and consequeotly were not constituted Share-
holders, will receive back the amount of their deposit on presenting
the Receipts to the Bankers of the Company, Messrs. Smith, Payne,
and Smiths, for Ten days from this date, previously bringing them to
this Office to be countersigned.
By order of the Committee,
W. VILLEsBOISNET,i secretaries.
. FIL
7, Tokenhouse yard, Jan. 12,E 1846. DER,

THE MERCHANT TRADERS' SHIP LOAN
AND INSURANCE ASSOCIATION.
(Prvlsionally Registered according to Act of Parliament.)
Capital, 100,000,0001, in 20,000 Shares of 501. each.
Deposit, 2/. 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 Hon. Captain Lord Viscount Ingestre, R.N., C. 8., M.P.
Sir Robert Price, Bart., 31. P,
David Rope, Esq., Glasgow
COMMITTEE ANAGEM.
The Right lion. Captain Lord Viscount IngesENT
tre, R.N., C.P., 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, Esq., Glasgow
Mathew Dick, Esq., Meikle Ernoch Merchant, Glasgow
MANAGING DIRECTOR —Augustus Collingridge, Esq. •
BANKERS.
The Commercial Bea of London, Lothbury
The City of Glasgow Bank, Glasgow
The Hibernian Banking Company, Dublin.
, SOLICITOR.
John Watson, Jun., Esq., 10, Henrietta-street, Covent-garden.
SOLICITORS FOR SCOTLAND.
Messrs. Campbell and Tennents, George-square, Glasgow.
OFFICES.
London-2, Fish-street-hill

Glasgow—k St. Vincent-street; Manager, John M'Lellan, jun., Esq.
Dublin-12, Lower Sackville-street ; Manager, J. B. Bankhead, Esq.
The objects of this Association are 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, judiciously 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 balk, 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 whole 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
he least:—

To the Shipowner, the certainty of obtaining, at a moderate rate,
and without injary to his credit, pecuniary assistance when he most
requires it.

The opportunity of relieving himself from mortgagee bearing an
exorbitant interest, and effecting them with the Association at an
equitable rate. _ _

,
To the Shipbuilder, particularly when building far 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 be-
crming 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 from these two
sources.

A total absence of risk to the shareholders.
It may be added that an extensive connexion has been already
formed in the leading outports, and Insurance business to a large
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 given 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, hose whom more detailed prospectuses may be had :—Wm.
Cafferata, Esq., Exahange-buildings, Liverpool; Messrs. Flint and
Tootal, Hull; Messrs. Drewry and liichardsoa, 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, Mary port ; Henry Smith, Esq.,
Fleetwood; T. Sanford, Esq., Exeter; A. W. Forbes, Esq., Glasgow;
J. Mac Lcllan, jun., Esq., 88, Vincent-street, Glasgow; Messrs.
Gird s•ood and Co., Leith; J. B. Bankhead, Esq., 12, Lower
Sackviile-street, Dublin; and Robert Henderson, Esq., Donegal-
quay, Belfast.

MERCHAN'r TRADERS' SHIP LOAN and
INSURANCE ASSOCIATION.
The groat bulk of shares having been already subscribed for in the
principal outports, no Application for Shar can be received after
SATUXDAT, the 24th inst., when the Committee will immediately
proceed to the allotment.