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London, England, 1833-10-02 00:00:00

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T. SPRING RICE
Whitehall Treasury Chambers, June 10.

THE DUKE OF NEWCASTLE AND " HIS
Owx."—ln consequence of an operation of Schedule A,
tie Duke of Newcastle is going to bring the property that
he hae in both the defunct boroughs of Aldbro' and
Boroughbridge to the hammer, he being determined " to
do what he will with his own." A surveyor is busy in
laying out the proporty in lots.—Leeds _?Tercury.
IMPORTANT GOVERNMENT PLAN.--It is
stated that M.rtisters have, for some time past, had in
their contemplation a most important scheme, which, we
hear, now approaches completion. It is intended to
form, in every parish, an establishment, under the guaran-
tee of Government, for granting annuities, on terms espe-
cially favourable to the industrious part of the community.
Whether the agency of the Savings' B inks will be used
in connection with it, has nut yet been decided ; but 500
letters have been sent to the north, calling for information,
which may render the working of the plan more sure, and
extensively beneficial. Under the arrangement now in
progress, it is proposed that a person, piying, from the
age of 15, ninepence per week, will, from the time of his
completing his 60th year, be entitled to an annuity of
201. per annum for life--if he pay 18d. per week, he will
be entitled to receive the annuity of 201. from the age of
:35. Persons paying 671. 10s. at once will have consi-
derable advantages held out to them, and the annuity of
201. will be allowed at a period named. The effect of
this, it is supposed, will be to cause a great reduction of
the poor-rates. The calculations are made on such a
principle, as to give the poor, who become subscribers,
the benefit new enjoyed by the proprietors of those institu-
tions in which annuities are granted, and in which enor-
mous profits are known to be divided. To guard against
fraud, by persons buying annuities a ith others' money, and
then going into the Gazette, it will be provided that in
bankruptcy cases the cash received by the bankrupt shall
be handed over to his assignees. If at any period a sub-
scriber should withdraw what he has thus put by, he
may do so, but in that case the principal only is to be re-
turned.
c o
m e,
payable,
He
will
the
llhave no claim to interest. The money
ise u e
cyahntedombreeegarureeltauntiroonwnesd
where the subscriber has received
Irnonlltlnsiselnefit from his deposit. From the time an annuity
being prepared principal
necessary
tcannot
this
by
greatbae
ntouched.
eminent
m andin e
benevo-
lent et
ebar-
rister, Theo
well known in the literary world. It is hoped this
will hold out greater inducements to sobriety and care
than even the Savings' Banks,