The Sun.
London, England, 1848-07-10 00:00:00

JULY 10, 1848.

0 Susan, Penton, Barbadoes; Helen, M'Gregor, Ha-
vant-Jab; John King, ditto; Josepha, Quebec.
OFF MEVAGISSEY, JULY s.—William and Mary,
Aliens, Pugwash, fur Colchester; Alberta, Lewes, Que-
b(c for London.
OFF LooE, JULY 6.—Dorotbea, Grenada,for London.
PLYMOUTH, Jur.T. B.—Wind S.W., strong.—Arrd.
t Melody, Hooper Monte Video. Sid. (7th) Reform,
Pinkham, Figueira and Labrador.
OFF DOVER, JULY 9. William Rive, Halifax.
PORTSMOUTH, JULY 9.—Wind W.S.W. to W., hard.—
Arrd. Bth, her Majesty's ship Collingwood, Valparaiso,
left Rio Janeiro 23d May, 1,040,000 dollars on freight ;
Mate (yacht), Bermuda.
SOUTHAMPTON, JULY 9.—Wind W.S.W.—Arrd. Bth,
Sir, Kay, Quebec.
GOOLE, JULY B.—The sloop Edward and Mary, from
Colchester to ILeeds, or Wakefield, sunk in the River
Ouseon the 6th inst., cargo saved, in a damaged state,
and it is expected the vessel will be got off.
WEYMOUTU, JULY 9.—Wind S., strong.—Arrd.
Astrea, Lewis, Quebec.
COWES, JULY B.—Wind S.W., fresh.—Arrd. Louise,
Landmark, Matanzas.

INSTITUTE OF ACTUARIES.
On Saturday last a large and important meeting of
gentlemen holding the influential and responsible offices
of actuari, s and secretaries, and managers to life offices,
was held in the board-room of the Guardian Assurance
Company, which had been most handsomely acceded by
the board of that respectable company, not only on the
present but previous occasions, for the purpose of forming
an institute for the mutual advantage nut only of those
gentlemen immediately engaged in the important duties
of conducting the affairs of life assurance generally, but,
in our opinion, of promoting our national prosperity,
which we avow life assurance to be a principal ingredient.
Some time ago a meeting was held, at which a cota-
mittee was appointed to consider the practicability of
such a desirable union ; that committee prepared a re-
port, which was submitted to a general meeting on the
10th of June last, and underwent full discussion, the re-
sult of which was the appointment of another committee
of fifteen gentlemen to prepare a plan for carrying
out the same, and the meeting on Saturday
was convened to receive the report of these
gentlemen ; and we need hardly remark that from the
silent and experience brought into operation on the oc•
casiou, that the plan was marked by the most consum-
mate skill and deep reasoning. It was, indeed, a perfect
masterpiece of judgment, completely proving that no•
thing but first-rate talent (not mere mechanism) can
satisfy the requirements of lite•assurance conductors.
The meeting was attended by sixty-one gentlemen,
among whom was the veteran, J. Finlayson, Esq., the
Government Actuary, and the following gentlemen from
Scotland :—James 'Watson, Esq., Scottish Provident;
Henry Thomson, Esq., North British; 11. D. Dickie,
Esq., Caledonia; John Fraser, Life Assurance of Scot-
land; Peter Ewart, Standard; Robert Christie, Scottish
Equitable; G. W. L. Finlay, Edinburgh; F. G. Smith,
Scottish Union; W. 0. Harris, Scottish Provident.
P. Hardy, Esq., F.R.S., Actuary of the Mutual Life
Office, was unanimously called to the chair, and letters
of apology read from G. Davies, Esq., F.R S., absent in
Wales; F. P. G. Neison, Esq., unexpectedly called into
the country; J. M. Rainbow, Esq., through a domestic
calamity, and others.
After the report of the committee had been read by
J. J. CLEGHORN, Esq., the honorary secretary, the
various clauses to constitute the Institute were separately
put to the meeting, and with the exception of one or two
slight amendments, were unanimously carried.
We subjoin the principal resolutions as proposed to
the meeting.
We were highly amused with the humorous and good-
natured remarks of Mr. Finlayson, who gave his most
strenuous support to the institute, remarking that he
had endeavoured many years ago to promote the for-
mation of a similar Institute when it was difficult to say,
wise was on actuary. The venerable and talented gen-
tleman's remarks were received with the greatest en-
thusiasm. The principal speakers, beside the chairman,
were, Mr. Riley, Mr. Jenkin Jones, Mr. Finlay, Mr.
Reddish, Mr. Scratchley, Mr. Sylvester, Mr. Farren,
Dr. Mullinder, and Mr. Daniel.
After the whole of the resolutions affecting the for-
mation of the Institute bad been submitted to the meet-
ing, and approved, the following resolutions were una-
nimously carried :
Moved by Dr. Mullinder, seconded by Mr. Brown—
" That the fifteen gentlemen who have hitherto acted as
a general committee be appointed the committee of en-
rolment."
Moved by Mr. Farren, seconded by Mr. Reddish—
" That the thanks of this meeting be presented to the
committee."
The Chairman returned thanks.
Moved by Mr. Jenkin Jones, seconded by Mr. Syl-
vester—" That the cordial thanks of this meeting be
presented to the deputation from Scotland for their
kindness in attending, and for the valuable information
afforded by them."
Mr. Finlay returned thanks ; and, in so doing, ex-
pressed, on behalf of himself and the representatives of
the Scotch offices, their most cordial approval and co-
operation.
Moved by Mr. Brown, seconded by Mr. Hampton—
" That the best thanks of the meeting be presented to
P. Hardy, Esq., the chairman, for the able and urbane
manner in which he had filled the chair."
Moved by Mr. Daniel, seconded by Mr. Farren,
"That the best thanks of this meeting be respectfully
tendered to the directors of the Guardian Assurance
Company fbr their so handsomely granting permission
of the use of their board-room for the purposes of the
meeting."
The unanimous thanks of the meeting were then most
cordially voted to J. J. Cleghorn, Esq., the honorary
secretary, for his valuable services.
The following is a principal outline of the plan and
objects of the institute.
1. The Institute of Actuaries of Great Britain.
2. The development and improvement of the mathe-
matical theories upon which the practice of life assur-
ance is based, and the collection and arrangement of data
connected with the subjects of duration of life, health,
and finance.
3. The improvement and diffusion of knowledge, and
the establishment of correct principles relating to sub-
jects involving monetary considerations and the doctrine
of probability.

4. A nearer approximation to uniformity of practice,
official and professional.
5. The settlement of points of professional and official
usage, and protection generally to the members of the
protession and the public.
6. Elevation of the attainments and status of the mem-
bers of the profession.
7. The formation of a library, and the establishment
of rooms for reading and conversation.
8. The free interchange of opinion and counsel in
matters of difficulty, whether theoretical, official, or
professional.

- 9. The Institute to consist of two classes of members.
First class, Fellows; second class, Associates.
10. Every actuary, assistant-actuary, or person per-
forming the office of actuary or assistant• actuary to any
Lite Assurance, Government office, or Annuity, or Re-
versionary luterest Society in Great Britain or Ireland,
in existence and completely registered on or before the
Bth day of July, 1848, if he shall have acted in such
capacity previous to that date, shall have a claim to be
elected a Fellow of the Institute without ballot or pre-
vious examination, provided that he shall make such
claim and offer himself for enrolment on or before the Ist
day of September, 1848, and provided that he shall not
be objected to by four-fifths of the committee of en-
rolment to be hereafter appointed.
11. Every manager, managing or resident director, or
other chief officer of any Life Assurance Society, in ex-
istence and completely registered on or before the Bth
day of July, 1848, shall have a claim to be admitted an
Associate without ballot, provided he shall make such
claim and offer himself for enrolment on or before the
Ist day of September, 1848, and provided that he shall
not be objected to by four-fifths of the committee of en-
rolment to be hereafter appointed.
12. Any person desirous of becoming an Associate of
the Institute, and not included in the above description
or limitation, shall be proposed as such by two members,
and subsequently elected by ballot under regulations to
be hereafter determined on.

13. Any Associate of the Institute who shall here-
! after obtain an appointment of actuary to any Life
Assurance
.Society, and who shall have obtained a certi-
ficate of competency from the Institute, to be hereafter
determined upon, shall have a claim to be at once elected
a Fellow of the Institute without ballot, subject to such
regulations as may be hereafter appointed.
14. It shall be lawful for the Fellows of the Institute
to proceed at once to ballot for the admission of any
candidate into their body who shall, previously to the
aforesaid Bth of July, have been the actuary of any
Life Assurance Society, or who shall at the time of
ballot be an Associate of the Institute without holding
the office of actuary, but who shall have obtained the
certificate of competency, provided in either case such
candidate shall be specially recommended by the council
for that purpose.
15. The Institute shall possess the power of expelling
any member guilty of improper conduct, and each
member shall sign a declaration, on admission to either
class, to conform to the rules and by-laws.

The opening of the Waterloo-bridge terminus of
the South-Western Railway is to take place to morrow.
Early on Friday morning the bridge over the Westmin-
ster-road was tested by the Government officer. To
ascertain with a positive degree of certainty the effect of
a quick passage of heavy bodies across the immense
span, a number of strong rods, secured on a firm foun-
dation, were placed upright in the centre of the arch,
and midway between the centre and sides, and touching
the iron girders. In each of these rods was a groove
with a sliding staff, which, on the passing of the trains,
indicated to a hair's breadth the deflexion of each gir-
der ; and in no one instance was it more than the
3-16ths of an inch. Three of the heaviest engines of
the company were selected to make the experiment,
and these were closely coupled and otherwise worked
in such a manner as under no ordinary circumstances
would occur. The four distinct line of rail were after-
wards run over repeatedly with the different engines,
and in every instance the points or switches, which
are mostly self-acting, proved to be in admirable
i work-
ing order. Captain Simmonds, the Government laspT.
tor, expressed his satisfaction at the result of the experi
meats, and gave the necessary certificate for opening the
new line.

-- .. --.
POSTPONEMENT OP THE PETE IN AID OP THE
DISTRESSED NEEDLEWOMEN'S SOCIETY. The grand
fete and public breakfast announced for to-day at Vaux-
hall-gardens, is postponed until Friday next, in conse-
quence of several of the artistes who had volunteered
their services having to assiit at Drury-lane to-night, on
the occasion of her Majesty's visit.
SURREY ZOOLOGICAL GARDENS.—In addition to
her Majesty, Prince Albert, and suite, the following
noble and distinguished personages have recently visited
these delightful gardens :—The Prince of Saxe Weimar,
Duke and Duchess of Montrose, Duke and Duchess 01
Sutherland, Marquis and Marchioness of Downshire,
Dean of Can-
terbury, Marquis and Alarchionness of Douro, Marchionness of
Ely, Bishops of Norwich and Winchester,
E. Bruce,
Baron Alderson, Earl of Kildare, Earl of Glen-
gall, Lords Shelburne, A. Fitzclarence,
, PembLroke, Cowley
Carnoys, Talbot, Castlereagh
ieswMelelelvsiiellye:
Maidstone, and Eldon; Count D'Orsa ,
Gough, Stanley, Dunraven, Lincoln,
53: Talbot, ad
Milton, and Seymour; the Conde de
Talbot, Alderman Johnson, &c. lontetnolin, Sir G.
THE A TTORNEY- GENERAL. Prir
this eminent legal function e understand that
with a writ in an action fo nary has just been served
leged bribery at the Horsh r penalties incurred by al-
-10,0004 Three eminent ainelection, to the amount of
cause, we are told, will counsel are retained, and the
Assizes for beSussex.—John dat the next Summer
The East and West YorkshireDail-
way Junction Rail-
Hay Park, about beone mile
from the city of York to
mile east of Knaresborough,
where a temporary station is to be immediately erected.
—Yorhshire Gazette.