The Sun.
London, England, 1848-01-19 00:00:00

THE PROVIDENT CLERKS' & GENERAL
• BUILDING AND INVESTMENT SOCIETY.
Office, No. if, Old Broad-street.
Shares 1001. each. Entrance- fee, 2s. 6d. per Share.
enneCtipitions per Share—Monthly, 125.; Quarterly, 11. 15s, lid. ;
Half-yearly, 31. Ile. bd. ; Yearly, 71. Id.
In this Society there will be no bidding. for Shares—no Redemp-
_ "°1 Fees—nor any Fines on withdrawal. Advances made according
.
r Priority of application, and subject. to Fixed Tables. Calculated
neratien of the Society, Ten Years.
TXtraTarra. "
'7: Zones, lag:, Toulmin,-Esql-; J. C. Hardy, Esq.
DIRECTORS.- • •
Mr. W. L. Allen, Murray-street, New-road .
Mr. Edward Devonshire, East and. West India Dock House
Mr. Samuel Eastman, Crawford-street
Mr. Samuel Gilbert, Little Tower-street
Mr. Thomas B. James, Messrs, White and Greenwell, Cheapside
Mr. W. Kettlewell, 6, Great, Winchestir-street
• Mr. C. T. B. Keep, Lindsay-wharf, Chelsea
- Mr. T. A. Pott, Henry-street, Pentenville
• Mr. George Richards, II and 52, Paternoster-row
Mr. .7. Whitehead, lien., Somerset House, and Chelsea
Mr. George Winter, Professional Life Assuranos Office.
"its—The Commercial Bank of London.
BTEISDINO COUNSEL—W. C. rooks, 311, Chancery-lane.
BolnetTens-51essrs. Devonshire and %Filson, 25 Austin-friars.
RUnvisroas—Mr. Cornelius Wheeler, 23, Leadenhall-street ;
Mr. William Lambert, 40, Coleman-street Crescent,
excissrelaT—Mr. John Whitehead, jam, No. 6, the
A-road, rwell.
This Association haslba beenny formedCamb princiepally with the view of af-
lbrding to gentlemen engaged in 410VERNMENT and PUBLIC
BANR-flece milsE,s, and MERCANTILE ESTA-
BLISIIMIINTS, asafe and advantageous mode of investing a portion
of.their incomes, either by way of deposit, at 71. per Cent. compound
interest, or in the purchase of freehold orleatebeld residences.
_The operations of this Society-will be regalated by Tables prepared
exPritaly tor-the-purpose brtireeeminent actuaries.
The leading principles of this Society are-
1. Perfect aqaality of benefit between. all, the Members, whether
borrowers or not.
/- Certainty in tha am."ni of advance is which cash Member ,
ofto anticipate his Shares will at any given poi...
of the Seelety's existeace, with the means of meta tadning precisely
at any date the amount payable to retiring Members, and the value
of the Sharet of continuing Members.
Members. may-pay up Bits whole or any portion of their subecrip-
tious fin the ten years, iu advance, and discount, after the rate of 41.
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 61. per Cent. per annum will be allowed
upon the sums withdrawn.
Shares may be 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
loans advanced to them without paying up arrears of Subscriptions ;
and the precise- amounts that will be advanced either to old or new
Members, are set forth in the Tables, a copy of which will be sup-
plied to every Member. This is manifestly far preferable to the un-
equal and objectionable system usually adopted of putting the shares
np to auction, and advancing the money to those who submit to the
largest discount ; by which means 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 from the
heavy monthly redemption fee," and the mutual principle is car-
rred into full operation.
- Ne Member has any responsibility beyond the payment of his own
aubscriptionS.
A Public Meeting for affording furthef explanations of thenbjects
" the Society and its system of operations, will be held at the Lon-
In Tavern, Bishopsgate-street, en WiDNasDAT Evarsixa, 26th
Yuary instant, at Half-past Six for Seven o'clock precisely.
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 it stibscriber for
Shares in the Provident Clerks' and General
Banding and Investment tiociety.

Name
Occupation
ICeie,—lt is proposed to limit the number of Shares to SOO, and
that the entrance fee shall not exceed 2s, 6d. per Share previously to
let February, 1848.
More than 100 Shares are already taken.