The Sun.
London, England, 1846-01-22 00:00:00

No. 16,673. LONDON, THURSDAY

CHRISTMAS ROLIDAYS

OPAL POLYTECHNIC INSTITUTION,
.A. 11.0 Lectures for this period of the year, by. Dr. Ryan and
Professor Bachoffher "eIIEMIATRY and NATURAL PHILO-
SOPHY will be illustrated by interesting and brilliant experiments.
A Lecture on the. PREVALENT DISEASE in FOTATOES•wiII be
delivered by Dr. Ryan, and also on the ATMOSPHERI 1- RAIL-
WAY, by Professor Bachoffner -a. Working. Model of which, ear-
rylvg several persons, is exhibited' daily. The additions to the,
OPAQUE MICROSCOPE, DISSOLVING VIEWS, and CHROMA-
TROPE Are very effective. The PHYSIOSCOPE. iinbmarine Ex-
periments by means of the DIVER and HIVING BELL. Anwng
the various additions to the Working Models is eoleman's NEW
AMERICAN LOCOMOTIVE ENGINE, for asmending, and de-
scending Inclined Planes. Amagniticent (7olleetlon of TROPICAL
FRUITS. Mr. Downe, the celebrated Flute.. Player, will.take part
in the Manic, conducted by Dr. Wallis. Open from Eleven to Half-
past Five, and from Seven to Half-past Ten in the Evenhc.
Admission, One Shilling. Schools, Half-price.

ETHIOPIAN, SERENADERS. SECONDS
premium.
4 - CONCERT. at the HANOVER-SQUARE ROOMS...
a., ~ . 1'E....2 04 0
Messrs. GERMON, STANWOOD, HARRINGTON, PELL, and,„ i 'Bonus Bo'nut In' ri .ri , 1.. r
WHITE retrpectfally announce that their SECOND CONCERT will . F g added._ qesh. go &s.'« s
take place on FitIDAY EVENING, January 23, on which occasion will ' • . 1 . ' - - ,; . al ', g g
be introduced a change of Programme. 1 ~ • •
For particulars see Bills of the day.
" E-1.
THE MERCHANT TRADERS' SHIP LOAN ' 11837 lisl l 3
838 tos ]3
.0' ' 187 13
74 13 1051 1
1 - 8 6
_E1317 1
395 .12
3
ANII.INATTRANCE ASSQCIATION. 60i1000 74 3 4
1839 188 13 6 •61. 14 3 9 210 . 296 13 4
,
(Prvisionally Registered according to Act of Parliament.) - 1. . . —1 1840 89 0.0 41 13 -4 6 $ 0 247 4 5

THE MERCHANT TRADERS' SHIP LOAN
, AND. INAURANCE ASSQC fATION.
(Prvisionally Registered according to Act of Parliament.)
Capital, 100,000;0001, in 20,000 Shares of 50/. each. ,
Depb'sit, 21. 2s, per Share.
Five Shillings a Share to' be paid on AllotMent, the remainder on the
• Execution of the Deed of Settlement.
No Shareholder to be liable beyond the amount of hi's Subscription.
TRUSTEES.
The Right Hon. Captain Lord Viscount Ingestre, C. 8., M.P.
Sir Robert-Price, Hart., M.P.
David Hope, Esq., Glasgow
COMMITTEE OF MANAGEMENT.
The Right Hon. Captain Lord Viscount Ingestre, R.N., C.8.-e M.P.
Sir Robert Price, Dart. XP.
Captain Samuel Price, R.N. Senior United Service Club
Robert Wright Wood, Esq.;Lodge-place, St. John's Wood
'William Webster Watson, Esq., Inner Temple
Edward G. Winthrop, Esq., Gloucester-street, Regent's-park
Captain Blair, Glasgow
David Hope, Hal... Glasgow - • • •-•-
Mathew Dick, Rsq., Meikle Emoch Merchant, Glasgow
MaDtaumu Disucrcsa.--Augustus Collingridge, Esq.
- BANKERS.
The Commercial Bank of London, Lothbury
• • The City of Glasgow Bank, Glasgow
The Hibernian Banking Company, Dublin.
SOLICITOR.
• John Watson, Tun., Esq., 10, Henrietta-street, Covent-garden.
SOLICITORS FOR SCOTLAND.
" 'MOWS. Campbell and Tennents, George-square, Glasgow.
London-9, Fish-street-hill•

The di:4ton of profits is annual, and the next will be made in Pt-
cemSei of 'he present year.

F. FERGUSON C4.MROUX, Sta•

• _
NATIONAL PROVIDENT INSTITUTION.
No. 48, Gracechurch-stroet, London, for Mutual Assurance
on Lives, Endowments, Deferred Bum,. Immediate and Deferred
Annuities, • ,
Enrolled under the of Parliament relating to FriendlySociatlea.

C. P, Bousfiehl,ESq.-
JOhn 'Bradbury, Esq,
William Cash, Esq. •

Robert Ingharp,_Esq.
`Joseph Janson. Esq.
S. Hay-huitt Lucas, Esq.
Charles •Lushington, Esq.
John St. Barbe, Esq.
Richard Shortridge, Esq.
Samuel. Smith, Esq.
MEDICAL DIRECTORS. •

Thomas Castle,. Esq

John Fehham,Esq:

Joseph Hargraye, Esq.
Thomas Hodgkin, M.D.

. .
J. T. Conquest. M.D., j—TlOnlas Bevan, M.D.,
REPORT of. the DIRECTORS to the TENTH ANNUAL MEET-
ING of MEMBERS, held at the EONDON TAVERN, Bishops-
. sate-street, 15th December. 1845 •
eiIAIME‘S J.USH 1 NOTON... Esq , in the Chair:
tncouittging and satisfactory as all former Annual Reports have
been, the Directors are much gratified, op this the tentivanniver-
sary of the Institution, to have to present to the memberS a State-
ment of the business of the past year, far surpassing in -amount every,
previous one, and.exhibiting, as the Directors confidently believe, an
extept. of prOsperilY Which is. unexampled. In the history of Life As-
surance Societies.

Glasgow-43, St, Vincent-street; Manager-John M`Lellan,jun., Esq..
Dublin-12, Lower Sackville-street ; Manager, J.-B. Bankhead, Esq..
The objects of. his Association are twofold—the Insurance or Ships
an the'Adiancing of "Money by, way of Loan, secured by mortgage
on shipping. Each branch affords its own share of individual 'profit ;
but the two,operittions, judiciously combined; 'will evidently be pro-
ductive of highly remunerative results to the proprietary.
The Immense fortunes.known to have been realised by individuals
who have advanced money upon the security of shipping, with an
assignmeni Of the_polley of assurance, afford the best guarantee of the
soundness if the prinanie upon-which therAssociation is founded.
The almost inetedible numbef Of British shipplrig.under mortgage,
shown by the books of the Registrar-General or Customs, exhibits a
wide _field for the-operations of the Association. The great bulk, if
not all.of these loans, have been pbtained upon exorbitant terms _by
the small owner from his more wealthy neighbour, who may look
fattier to the obtaining possession of the vessel by foreclosure than
to the eligibility of the security as an investment.

During the past year, 911 policies hive been issued, making an in-
crease of 180 beyond the,former year, ond. producing an ptinual in-
come of 16,3351. 13s. 7d., and during, the same period the number of
propoSalsdeclined have amounted to 113, the Hires not having been
deemed eligible for assuraace.

This large yearly increase of the business of the Institution has
been effected, notwithstanding the competition it hail° contend with,
from many new as well as old-estal?lishecl offices; a convincingproof
that the more the benefits of the mutual principle of assurance (on
which this Soblety is based) is known, the more it is approved.
The total annual income now amounts to the 'min of 70,819 e.
145.'5d.•

The accounts of the Institution, made up to the 20th November
last, have been subjected to the usual•audit, from which it will appear
that the capital stock of the Society on that day amounted to the
sum of 241,460/. 13s. 3d., being by far the largest annual increase
Which, has hitherto been made. •
By the deaths of members since the last report, claims amounting
to the sum or 21,2301. 2s. have become payable to their representa-

The Aisociatidtrwill advance a sum of money, in no case exceed•
ing two-thirds of- the vessel's value, upon the report of its surveyors ;
which loan shall be secured by. mortgage upon the whole ship and
earnings by freight, the policy of insurance effected with 'the Asso-
ciation reinaining
_in its hands until the termination of the period
for which the loan has been granted.
• Amongthemany advantages It' holds' out, the folkniring are not
the lea.C: - - • .

fives or nominees; and 'which have been duly discharged; this
amount paid to the representatives of deceased members hilly de-
monstrates the benefit of life assurance ; most of the Members whose
deaths are referred to, though in health at the time of,effecting the
assurance, did not live long enough to contribute mere than a small
proportion of the sum paid. to their respective families, who are now
deriving the benefit of the provision thus made.
The death of six annuitants has caused the sum of 1,6871. to fall to
the credit of Class 3.

To the Shipowner, the certainty obobtaining, at a moderate rate;
and without injury-to his credit, pecuniary assistance when he most
requires it.

The opportunity of relieving himself from mortgages bearing an
exorbitant interest, antreffecting them with the Association at an
equitable rate.

The next division of profits will be made in November, 1847, and
the Directors have no doubt that the result will prove perfectly satin.
factory to, the members.

;To. .the Shipbuilder, particularly•when building for the market,
either at home or in our colonies,. by placing him in a position less
dependent upon immediate sale at an uufavourable season.
To both, a participation in the profits of the Association by be-
Ming shareholders. •
The .association embodies• the followitig advantages for its Pro-
prietary :

Inpart the early pa of this year, in consequence of the large increase
that had taken place during the two fernier years in the number of
Orciposals; and the greatliccumulation of genekal bisiness.consequent
thereupon, presented weekly for the consideration' of the Directors,
it became otivieus.that it was impossible longer to get through in a
satisfactory manner, allmatters. pressing upon them at one weekly
meeting;, and to relieve this pressure, and, to afford greater con•
venience to persons attending to make assurances, a second weekly
board,*to be held every'Friday, was'adojited. • In conformation of the
necessity and expediency of holding an additional weekly meeting,
'the Directors refer to the extraordinary Increase of business since its
adoption. . _

Theimmedlate certainty of securing a /erg laNe number of poli-
cies of insurance, since, although insurances Will be taken 'without
loans, no loan will be granted unless the policy be effected with the
Association;. hence the doublepiotit which will arise from theta two
sources;
A total absence of risk to the shareholders.

.It may.ba added that-an extensive ,connexion has been 'already
formed in the leading outports, and InsurartEa business to a large
amount secured for the Association.

In conclusion, the Directors confidently trust that by a perse-
veranciin the course hitherto pursued to insure the stability of the.
institution, and Which* has led 'to the successful reiults herein de-
tailed, the members may have the satisfaction to witness a long•con
'tiutiance of • that "prosperity which' has throughout so signally
marked its progress: •
The following statement shows the progress of the Institution since
its commencement •

The lianie' Machineiy sufficing for the working of the double prin-
ciple here exhibited, the expinses of management will not exceed
those of any ordinary marine insurance-office.

The necessary Parliamentary notieeirfor an Act of 'lncorporation
have been duly given in the Gazettes of November, 1845.
The whole sum required for the preliminary expenges has been
advanced by the London members of the Committee of Management.
Applieations for shares, in the usual form, may be made to the
Committee of Management, and addressed to any of the above-named
officers of the Association, to the solietors, or to any of the following
agents, from whom more detailed. prospectuses may be had
Cafferata, Esq., Exehange-buildings, Liverpool; Messrs. Flint and
Tootal, Hull; Messrs. Drewry and Richardson, Newcastle-on4Tyne ;
Robert W. Ogilvie, Esq., Newcastle-on-Tyne ; W. J. Barker, Esq.,
Sunderland ; Messrs. Carr and Sons, Whitehaven ; Tiffin Bell, Eaq.,
Workington ; Messrs. Wood and Son, Maryport; Henry Smith, Esq.,
Fleetwood; T. Sanford, Esq., Exeter ;A. W. Forbes, Esq., Glasgow;
J.. Mac Lellan, jun., Esq.' 68, Vincent-street, Glasgow ; Messrs.
Gird wood and Co., Leith; J. Bankhead, Esti., 12, Lower
Sackville-street, Dublin ; Robert Henderson, F4sq., Donegalquay,
Belfast; Messrs. Ryan Brothers, Limerick; and Messrs. Hughson
and Dobson, Edinburgh.

MERCHANT TRAtIERs' SHIP LOAN and
INSURANCE ASSOCIATION. . •
The great bulk of shares having been already-subscribed for in the
principal* outports, no Application for Shares can be received after
SATUIDAY the 24th inet:, when -the Committee will immediately
prooced, to the ointment. ,• -

THE TONTINE LIFE .ABSUItA.Ls UI
alCo°nalMlPißCeYgisiered.) •
Capital 2,000,0001., in 100.000 Shares of 201. each.
Deposit,--in compliance'with the'provisions of the statute 7 and 8
Viet., c. 110, Two-Shillings -per Share, tnatil the coniplete Registra-
tion of the Company, .when the same will be Increased to 11. per
Share, which, with.the assistance. anticipated from the Tontine De-
pertinent, will, it is expected, be sufficient to carry out the objects
of the 'Corripany.
The plan of- this. Company. .offers considerable and peculiar advan-
tages to the Shareholders, as in addition to the ptoflt arising from
Life Assurance trausactions,it is proposed to raise a capital of
1,000,0001., or more, by the grant of Tontine Annuities, in classes
to be regulated by the ages of the ,Subscribers or their Nominees ;
which capital,' on the death of the survivor in each class, will be
divided exclusively /inning the Shareholders. The principle of the
Tontine Annuities is explained below.

±ausTEES.
John Elijah Blunt, Esq., 4, New-square, 'Lincoln's Bin
John Conolly, tsq., M.D. Lawn-house, 'Burwell
James 4lsrtin, Esq., 68,.Lombar,1-street. ' _

. Taorisidssr., DIRECTOR& • - •
....... ...
John Elijah Blunt, Esq., 4, New-square, Lincoln's Inz
. .
Walter Wyndham Burrell, Esq., Knepp. Castle,
_near Horsham, and
5; Ittchmonkl-terrace, Whitehall .

John Charritie, Esq., Moorgate-Street Chambers, City
John Conolly, .Esq., M.D., Lawn house, Hanwell
John More Douglas, Esq., Belvedere-road, Lambeth
Walter Etty, Esq., Lombard-street Chambers

Edward Hamilton, Esq., M.D., Grafton-streo, Piccadilly
William Henderson, Esq., 16, Bishopgate-street Within
Hector Monro, Esq., Walsham le Willows, Soffolk

Savile Craven Henry Ogle, Esq., M.P., 84, Eaton-square, Pimlico.
Ambrose Frederick Proctor, Esq., Ware, Herta

C. oke Taylor, Esq.„LT,,l);Fleit:street'
Johii Alfred Trimmer, Esq., Haslemere, Surrey
Forbes Whislow, Esq., M.D., Sussex-house, /Tammersmith.

Barms—Messrs. Martin, Stone, and' Martins, 68, Lombard-street.
SOLICITOR—WiIIiam Dimes, Esq.l46, Lineoin's Inn-fields.
MEDICAL AND SURGICAL REFEREES.

Thomas.Callaway, Esq., F.R.C.S., Wellington-street, Southwark
James Copland, Esq., M.D., E.R.S., /keg &c., Old Burlingtou•street.

DISTRICT MEDICAL REFEREES •IN LONDON.

William Preston .Lauder, Esq., M.D., F.E.S.E., Sloane-street,
Knightsbridge
Edward Lloyd, Esq., M.D., Jewinrstreet, City.
Walter IlaylelValsh, Esq., M.D., Profeisor of Pathology at Uniyer-
sity College, Upper Charlotte-street,'Fitzroi-square.
CONSULTING AcTusaY—Dayid-Jones, Esq., Author of " Tables on
.Annuites," King William-street, City.
ACTUARY AND SZCRETARY—t-WgiialTl•Clark, Esq.
Temporary Offices, No. 16, Lincoln's Inn-fields.

It is unnecessary in this' prospectus, to enlarge upon the advan-
tages
of Life Assurance, or its adaytation to most of the exigencies
and relations in life. these benefits have been so.' extensively pub-
lished, that they are alrehdT yell 'understood and appreciated.
This Company Is formed for granting' every, description
Assurance, An Loans either
Annuity; and Endowment ; .
Life for long or
short periods to persons effecting-Assurances, uporrreceivinga s tie
factory security for the payment of premium and interest, andtb;
repayment of the principal, by instalments or-otherwise, as may be
agreed; also for the purchase of Reversionary Interests, Policies of
Assurance, and every other description of property.„
Persons -borrowing money of the Company, upon approved se-
curity, and effecting a policy Of Assurance for the amount bor-
rowed, will not be called . upon for. the repayment of the loan, so
long as the interest and premium are regularly paid. Thus a party
borrowing 1,0001. upon security of his estate, and an assignment of
a policy on his life, would at his decease leave, his estate unencum-
bered,* the sor-assured being applied by the Company to repay its
advance. -• • • • . ,
•
The premiums are based.upou date derived from the most recent
and authentic sources, presenting a moderate and equitably•adjusted
scale. •
One of The principal objects of the Company is to • assimilate its
benefits as nearly as poasible Ur' those of Mutual Assurance
Societies, - with-the-additional security of a 'subScribed capital. With
this view, four-flfthe'of the profits, miring front Policies affected by
parties on the terms of participation,. will be dliided every three
years, • after. the Are five years, among, those who • assure fer the-
whole term of life, The sum so divided among the Assured to be
appliedlo the reduction of the annual premium, or added to the
sum assured 'as'bormi, or paid in predent value, at the option of the
Parties may aLscl effect the assurance by Payment' Of efie-half only
of the premiums fa a stipulated term of years---ttte 'lnterest upon
the unpaid portion of the premiums, at, the rate •if 5 per cent. per
annum, being annually paid in advance. Upon •payrnent. of the
arreitt oTthe premitirtts, the Aestired frill be entitled to a full parti.
cipatien of the profits. • • •
For persons who may wish to assure for short periods; or for the
whole of life, without participation In the' profits,' e scale has been
adopted, which ,is as moderate as it can be rendered consistently.with
the interests of the Company.
The Aseured'inay at all timei borrow, an amount equal to the value
of the policy, on its security: •"
In all the transactions of the Company the utmost liberality will
be exercised. .. . .

Life Assurances will be effected. with all the advantages to the
assured afforded by the moist respectable established companies.
A: Table of tremiumi will shortly be published.
•.. •
TONTINE ANNUITIES.

This Company, in submitting the subject of .Tontine Annuities to
the public; is Influenced by die belief that there are many persons,'
who from the hope of longeviti", and the 'desire of ease and affluence
as they pregreee' through life, will gladly, avail themselves of this
mode of Investment ;—by which they will secure a large remunera-
tive., and , InCre*sing Income, guaranteed to them by the Company
during their own lives or the lives of their. nonnnee, - • .!
The following is an illustration of the principle of the Tontine An-
nuities :—lf 1,000 persons subscribe, 1001. each,, they or their respec-
tive nominees, being 'of an age to enter the class in' which, the an-
nuity granted is 61. per cent. per annum, each aubsoriber or .nomitlie
will, during the contlnuanee.ofall the lives, receive an annuity of 61. ;
,ceasad party but as the lives drop, the MAN .0f the deceased parties will be
p per annum for life:
year which' the .deceased but as they re-
divided among the survivors, until they ere reduced to six, each of
whom wilt
ditheeonffr.etcheeiivie,oloo,oooi.
1,
per
re-
ceived will fall-into the funds of the- Company,. fbr the benefit of the
shareholders ; and so in. proportion -for *larger or smaller number of
subscriber; Or their nominees. ' ..• -
This mode of Investment will,place ilia the.power of almost every
y ,ap-
Individual, at'aotne period Of life, bY pently ,and 1 Ifs
propriating a cOmparatiVelfamail sum of money, which in many In-
stances would be otherwise uselessly-expended, to secure indepen-
dence and comfort in their declining years.
Parents may also by these means provide for their children.
Wealthy relatives for their poorer ,relations.' •
APplications for Shares, in the following form, to be directed to
Charles Barker, ,Esq., No. 46, Lincoln's Inn-fields : •
• •To the Directors of the Tontine Life Aistirauce Company.
Gentlemen,4-I request you to allot me • , Shares in this
Company and I hereby agree to accept the •stime; Or any less num,
ber you may allot Mt, and to pay the :dePosit-, of ;Two Shillings per
Share thereon, and also to execute the Deed of Settleuient of the
Company whin requited to'de ,

Nme •• .• .• •• •• • ...
•• • *****
•Profeesion or D9sinvi
jterercsice .• •. •..• .•

1...... (

T A LIAN ALABASTER, MARBLE,
.BRO24ZE, and DERBYSHIRE SPAR OItN AMENTS, con-
sisting of Groups, Figures, Vases, Inkstands, Candlesticks, Watch-
stands, Obelisks, Pentrays, Inlaid Tables, Paper-weights, Busts, &C.,
Impolted and manufactured by J. TENNANT, late Maws, 149,
Strand, London. J. TBNNANT has also every requisite for persons
commencing" the study pf Mineralogy. Conchology, and Geology,,
from 2 to SO guineas each'; Geological Maps, Hammers, Blowpipes,
such as Shells, Millen*, and Fossils ; elementary collections,
BOok/t,' &c.

lICOL L'S PALETOT,. registered. 6 :and 7 Vie:,
• cap. 65,1 s patronised 17 the Prince Consort, Prince George
of Cambridge, &c., and is generally acknowledged to excel all ether
great coats. 'The cloth is. made of Llama Wool, known to be porous,
yet naturally repellent of rain. •
In the neighbourhood of the extensive Warerooms, 114, Regent-
'street,' a Yew small shops ate so ftir anprinctpleir 'as to assume a
.similarity. of name, intending to impose upon strangers some trashy
substitute. Messrs. Nicoll think it due• to their own reputation thus
to caution the public, and to, suggest that a copy,of the Addreis be
preserved ; and they further offer a ileivaid 04. Fifty POOdd for the
•
detection of a Positive Infringement.
Black Llama Cloth, from its soft elastic nature, is well adapted for
Eveniug'Dress Coate—to' be had only of the Patentees.
Each correct registered Ealetot is stamped in the lining "11. J. and
D. Nicoll, 114, Regent-street, London," , • -