The Sun.
London, England, 1870-08-04 00:00:00

ENT
N:

0 ZOKERIT (PATENTED).

KINAHAN'S
EXHLIBLITIONWHISK
Y.- D f N
Observe the Red Seal, Pink Label, and Cork Branded " Kina-
han's " LL Whisky.
This celebrated OLD IRISH WHISKY gained the Dublin Gold
Medal.

Pure, Mild, Mellow, Delicious, and very Wholesome.
Sold in Bottles, 3s. Bd., at the Retail Ilousei n London ; by the
Agents in the principal towns in England or wholesale at
8, GREAT WINDMILL-STREET, LONDON, W.

MUTUAL LOAN FUND ASSOCIATION
(Incorporattd by Act of Parliament; 1559),
4, RUSSELL-STREET, COVENT.GAItDFN, LONEON,
- And 38, QUEEN'S-ROAD, BRIGHTON,
ADVANCES MONEY upon personal security, Bills of Sale,
Freehold or Leasehold Property, for one, two, or three years,
epayable weekly, monthly, or quarterly. Bills promptly dis-
ounted. Forms free on receipt of stamped envelope.
EDWARD HARPER. Secretary.

THE GREAT WESTERN HOTEL.
(SNOW-HILL STATION),
B I'R / N—G II A M.
" One of the most elegant, comfortable, and economical hotels
in the three kingdoms."— -The Field, July 31, 1860.

GREAT WESTERN RAILWAY.--On
SUNDAY, August 7th, 1870, an EXCURSION TRAIN
will leave PADDINGTON at 8.15 a.m., and READING at 9.20
a.m., for SWINDON, CIRENCESTER, STONE HOUSE,
STROUD, GLOUCESTER, and CHELTENHAM, returning the
same day.

First-class. Coy. Cars.
• s. d. p. d.
Swindon .. .. • • .. .. 9 0 4 6
Cirencester, Stonehouse, and Stroud 10 0 .5 0
Gloucesterand Cheltenham .. 12 0 6 0
J. GRIEBSON, General Managor.
Paddington, July, 1870.
•
FIVE PER CENT. •LOAN,. of the NORTH
GERMAN CONFEDERATION, for ONE 11 UNDREI )
MILLION TIIALERS ; in bonds of 50, 100, 500, 1,000, 10,030
Thalers.

Interest payable in Berlin 2nd January and Ist July. Price SS
per cent.
SUBSCRIPTIONS for above LOAN will be RECEIVED on
WEDNESDAY, the 3rd August, and THURSDAY, the 4th
August, in the following places

Berlin—At the Royal State Banks, and all its branches in the
provinces. •
Frankfort-on-the-Maine—At the General Post Office.
Irambur,—At the Chamber of Commerce.
Further 6details to be obtained at the Consul-General of the
North German Confederation, 4, London-street, E.C.

CLERGY MUTUAL ASSURANCE SOCIETY.
Established •in 182).

TRUSTEES
The Archbishop of Canterbury. I The Lord Bishop Sumner.
The Archbishop of Dublin, The Archdeacon of Maidstone.
Total existing sum assured upon life .. £4,689,453 Os. C.d.
Total annual income .......... •• • ..... £183,414 Os. 6d.
Invested Capital in support of As-

surances
No less a sum than £103,108 15s. ld. was (notwithstanding the
large reductions in the Premiums made by Bonus every fifth
year, from 1831 to 1866 both inclusive) added to the Invested
Capital for the year ended 31st May, 1870.
No agency employed, and no commission paid.
The whole surplus capital (accumulated quinquennially) is
divided amongst the Life Assurance Policies at the end of every
fifth year,
Next Bonus will be due on Ist of June, 1878.
Life Assurances may be effected in this society by Clergymen
and their wives, and the near relations of Clergymen and of
their wives, but by none others.
41st Annual Report, Prospectuses, &c., and." Hints to Clergy-
men on Matters of Life Assurance," by the Rev. John Hodgson,
may he had at the Office of the Society, No. 2, Broad Saucluary,
Westminster.

JOHN HODGSON, M.A„ Secretary.

LIFE INSURANCE.

An attempt now being made by one or two New
York life insurance companies to establish branch offices,
or agencies,.. in London, has called forth from English
journals some ill-natured, and, we must add, ill-informed
criticism. The critics in question assail generally Ame-
rican life companies, and cite their lower premiums--,-as
compared with English, or Scottish premiums—as evi-
dence of untrustworthiness. As to the expediency of the
attempt we have nothing to say. There is, perhaps,
ample room for doubting the soundness of the judgment
which has led the managers of any prosperous American
institution to cultivate business in a field so far removed,
and already suffering from a reckless competition. Upon
this point they must answer to their American policy-
holders. Apart from this consideration—and it is one
that may be easily over-estimated—nothing can be more
certain than the absolute sufficiency of the premiums
which obtain.in this country for the fulfilment of every
legitimate obligation. Any difference in rates is explained
by the difference in the relative value of money in the
two countries. This, of course, - implies the investment in
the United States of moneys received in England ; other-
wise the argument falls to the ground. Instead of ob-
jecting to the American premiums for being too low, we
believe that the insured and the public here may pro-
perly. complain that the calculations on which the ifte,
Milbcs rest presuppose a rate of interest-much-below that
which is obtainable in any part of the Union.—New York
Times.