The Sun.
London, England, 1846-05-15 00:00:00

EXAMPLES.

29 p
96%

571,2
24%
23y2
5%
36%

yi p
12js,

24%
714 p
vs

1 „
addition Bonus in ~ Permanent
'Sum As-1 Annual l'"eY dd't" to, Bonus in reduction of
age taken .
1 surcd. 1 Premium. out in SUM I Cash.
As,ured annual
I- -- ~---:1 Premiums.
1 £ IX s. d. 0 £
11 d. .E s. d.
r 1837 217 15 1 100 16 0 4
1 1838 192 3 0 87 1 4 13 10 2
60 1,000 74 34 { 1839 165 11 10 74 1 9 11 3 1
1 1 1840 116 7 6 54 010 718 10
L 1841 111 6 8 49 10 0 710 4

1814
U P
217

IA (Fs
229

79K,
524
291,&
2%

10 yi
1234
9c2
3p

14
1% p

153 %
3234
44%
9%
44%
25%

4

There are now to be elected three Directors, in lieu of John
Griffith Frith, Esq, Hunter Gordon, Esq., and John Rawson,
Esq., whose period of office has expired, but who are eligible
to be re-elected, and offer themselves accordingly; aml also
two Auditors, in place of Professor Wheatstone, F. 11.5., and
Professor Graves, A.M.. whose period of office has
expired, but who in like manner offer themselves fin re-
election.

Approved by the Court of Directors,
T. LAME "MURRAY, Chairman.
The report and the audited accounts having been read,
The CIIIITIMAN rose and said—Befors I move the
adoption of the report, if any gentleman would wish to
ask us any questions on the subject of the Society, we
ihall be happ;r to answer him.
After waiting for a short time, in order to give any
gentleman an opportunity of putting questions to the
directors, of which, however, no one present seemed
disposed to avail himself,
The CHAITOKAN continued—No gentleman seems dis-
posed to put any question. I suppose I may take that

as an indication of perfect satisfaction, and a willingness

,o udupt th e report of the directors.

ny,2
13, ;
26
par

The past year

has been decidedly a prosperous one, and had we- been
more dispose,' we might have taken more credit

and drawn obvious conclusions from the success we• have

met with. But this is quite unnecessary, as the public
will not be slow in forming a correct judgment, and there-
fore we have contented ourselves with setting fort;h the
facts as they exist. It will be seen, on a reference to
the former report, that the reserve fund had reached

24,0001. In the present year, after deducting the
bonus of last year, it has attained the sum
of 37,0001. and upwards. It is from this fund,
which has been constantly accumulating sinoe the
first valuation of the Society's business, that the ')onus
to the policy-holders and shareholders are derived;, 'and,
although one-fifth of it becomes divisible every year,
yet, as its augmentation is greater than its reduction,
the annual division becomes greater and greater in; each
year. A glance at the successive divisions to the p olicy-

holders wi►l at once prove the justice of the e ob-
servations. The Society commenced its operations in
the year i 837, and up to the last valuation, in D eeem-

ber last, abOut eight entire years, the bonus payable
on a policy of 1,0004, dated in 1837, will be this
year 2171. 15s. added to the policy, should it
become a claim before the next annual valuation ;
1001. as lid. in cash, should the assurer prefer to re-
ceive it in money, or a reduction in his annual premium
of 161. Os. 4d. A policy of 1,0004 taken out only
five years ago, in 1841, will be by the present
division entitled to a bonus of 1111. 65., Bd.
The Society has received greater support in the past
than in any previous year. Those who are engaged in
the business of life assurance know that the past
year has not been a favourable one, by reason
of those causes to which we have alluded
in our report. I attribute this increase in our
business to the excellent principles on which we
are founded, which seems to afford a greater
protection to the assured under the frowns
of fortune. If tho past year has been pros-
perous, the present one is promising, the application
for policies being even greater since December last than
in the corresponding period of last year.—(Hear.
hear.) I might go further—the subject , of life
assurance is a wide one—l might easily be h,d into a
long discourse. Ido not think that the intelligent me( et-
ing lam addressing will require this from me. You
will find your interests set forth in the proper place, a ad
Ido not think you will be disposed to complain. I may,
I think, without hesitation, promiseyou the continuation
of an equal, if not a greater bonus on your share 5 in
each succeeding year. I will, therefore, conclude by
moving the adoption of the report.—(Cheers: )
J. W. SCOTT, Esq., seconded the motion, vhich j vas
carried unanimously.
A resolution was then put and carried, to re-e lect the
auditors and directors.
W3l. STUDLEY—Gentleman, there is one thing.: 'which
we ought to do in justice to the directo rs and
to the Chairman, as well as to ourselves, and i hat is,
to move a vote of thanks to them for their t fficient
services. lam sure there is no gentleman bu t must
feel highly gratified at the report which has jus t been
adopted ; as for myself, I am particulaaly so, ht. wing a
large interest in the concern.
, •
A PROPRD, TOR Said he would taka the honour qo, .nun-
self of seconding a inotif)n so well deserved.

The ms; ion ;as carried unanimously.
re turn
rectors as well as of myself, I beg to
The CIIIIIIMAN—GentIemen, on the part of the
you our most sincere thanks. We cc rtainly
had a very serious as well as anxious labour
in examining upwards of seven hundred poli-
cies, which have ben taken out within the last
;`'ear.
Gentlemen were aware of all the necessary log
which were consequent upon such an examination but•
if their labours were considerable, the Progress and
suc •
cess of the Society, and the approbation of the propri, ,ors
were their reward. I beg again, gentlemen, to rot urn
you our sincere thanks.
The meeting then separated.

10%
7M
29

The Duke of Northumberland has consen
debt
o ted 1 '#3 •l3eg
g
come one of thirty subsciihers to pay off the bulli nof Westminster Mechanics Institution. The subscripti n on, f he C. itY
wh was
set on foot by Mr. omley, M.P., and is headed by Prince Al; Art, a,'•
ready includes twenty-one noblemen and gentlemen as subset there.
Westminster-briOge is In as dangerous a state a s ever.
Mr Batty says, the most difficult feat his horses have to ace )mplish
is crossing the mountainous paving that runs over the Timm( 0, trotn
his circus to the Houses of Parliament. The Alps,' he decla. cs, are
nothing to it.--Pwifk

THE SUN, LONDON,
_FRIDAY MORNING, MAY 15, 1846.