The Sun.
London, England, 1846-12-17 00:00:00

, Insurance Company had issued in 80years.—(Cheers.)
J
The motion was carried unanimously.
The CHAIRMAN said, in accordance with the third
rule, two directors—namely, Mr. Joseph Hargrave and
Mr. Richard Shortridge—went out of office, and that the
two candidates who had offered themselves were Mr.
'William Millar Christie and Mr. William Tyler, whose
election he proposed, and they were accordingly elected.
Mr. CHRISTIE briefly returned thanks.
Mr. TYLER, in returning thanks, congratulated the
meeting on the improved condition of the institution.
The conduct of the chairman at the three great meet-
ings had been most praiseworthy. If every any
poor, unlucky wight required a fair and candid hearing
from any meeting he did that time last year,
and he wished to express his sincere obligations to the
chairman for the fair hearing which he obtained for him
on that occasion. He (Mr. Tyler) was placed in a pc-
sition of extreme difficulty, but the straightforward and
honourable conduct which distinguished the chairman
on that occasion, though he stood almost alone, enabled
him to furnish a satisfactory statement to the meeting.
If at a time when he was little known he received kind-
ness from the members of the society, he did not hesitate
to accept office now, when he was more used to its af-
t fairs, and could, besides, be of more service to it. The
institution was Only beginning to emerge frcm
comparative obscurity to a position of consider-
able importance, and therefore he felt much honoured
by being solicited to take a seat at the board.
When he found that in its eleventh year it had
issued 1,005 policies, and that the Equitable, which
had been established eighty years, with its 9,000,0001. of
capital, had only issued 162 in the course of last year,
and when he looked at the principles on which it was
established, he thought he ought to predict for it the meet
unbopuded success.— (Cheers.) This would be the more
evident when he stated that they had 5,926 policies, and
that the Equitable had only 6,l4o.—(Cheers). This was
an inducement to the friends of the institution to make
its advantages known, because additional policie.N could
not be otherwise than beneficial to all. He had done so,
and would continue to do so. He thought he was the
first member that had been returned to their House
under the Reform Bill.—(Cheers.) He would do all ho
could to benefit the institution, butSwhen he ceased to
do, he should not continue to fill the office to which they
elected him.—(Hear.)
Mr. REED proposed Mr. Alexander Scrutton, Mr.
William Smith, and Mr. Robert Ganneron to fill the
office of auditors for the ensuing year. and to have a fee
of 10/. 10s. each, which was seconded by Mr. HARDWICK,
and adopted.

Mr. SCRIITTON briefly returned thanks, and in doing
so stated that the accounts from the commencement of
the institution had been kept with the greatest accuracy,
and that vouchers for every payment were produced.
He had not had occasion to make any complaint during
the whole of that period.
Mr. SmiTH also returned thanks.
Mr. REED returned thanks for Mr. Ganneron, who was
absent.

The CHAIRMAN then introduced to the meeting a
subject which to the directors was one of extreme deli-
cacy, namely, remuneration for their services. By the
amended rules the directors had ceased to allot their
own remuneration; it was therefore the province of the
meeting to do so. The alteration was one most accept-
able to the directors.—(Bear.)
A GENTLEMAN inquired the number of directors who
usually attended the meetings?
The CHAIRMAN replied that the average number was
nine or ten, but as the two 'gentlemen who had with-
drawn seldom attended, on account of residing in the
country, the number they expected to attend the future
meetings would be twelve or thirteen, exclusive of the
medical members. Originally they had one meeting a
week, but the increased business made two necessary.
The remuneration at these meetings averaged 14s. or
15s. each.

Considerable discussion ensued on the matter : one
gentleman proposed SOZ each, whilst another submitted
that 1,000/. should be voted to them as a body, and its
division left to themselves. Another held that they
should be paid a certain sum each as often as they at-
tended. It appeared that they had received 1,2001.
during the past year.
Mr. HOLBORN considered that they ought to give
ample remuneration to those who had conducted their
affairs with so much ability and so much advantage to
the institution. Last year they had only received 1,2001.,
but the Equitable gave 2,0001. to their directors for the
same period. He moved, as an amendment, that they
should be paid 1/. ls. each for every attendance.
A GENTAEMAN seconded the motion, and observed
that as the institution was increasing in prosperity the
duties of the directors would become more onerous than
at present, and that they ought to be compensated.
Mr. BARCLAY considered that the remuneration pro-
posed was inadequate for such valuable services, and
instanced it as hardly sufficient to pay their coach fare.
Such valuable services ought not to be measured by such
paltry terms. The remuneration they received was
smaller than that awarded to the directors of any simi-
lar institution of the kind. _

The CHAIRMAN explained that they were frequently
offered mortgages, in order to ascertain the value of the
property. It was necessary for the directors to be most
correct in these matters, to go into the country to ascer-
tain its value. As this entailed great expenses upon
them, they were allowed 31. 3s. a day whilst out of
town.

Mr. A NSELL said that his avocations led him to be
acquainted with institutions similar to the present, and
also the remunerations given to directors in several in-
surance companies, and from that knowledge be felt
bound to say that the remuneration given by this society
to their most efficient and skilful directors was far less
than that of any other institution of a similar description
in the metropolis.—(Hear, hear.) Looking to the large
amount of the receipts of this institution, he thought the
society ought not to consider whether their directors got
a guinea or 255. for every meeting they attended, but
that their best course would be to vote a certain sum for
the directors, leaving it to them to divide it among
themselves as they thought best.—(Hear, hear.) He
thought that the sum of 1,5001. at least should be voted
for the directors.—(Hear, hear.) He would, therefore,
move that that sum should be given to the directors for
their services for the ensuing year,
Mr. HAYWARD seconded the proposition.
The CHAIRMAN begged to inform the meeting that
the remuneration they were now calling for was for the
ordinary directors; they would have at a future stage to
ask the meeting to remunerate their medical directors.
—(" Hear,
,hear ;" and cries of " We know that
Now, with respect to the proposition for giving
the directors 1,5002, he had to state, after a short con-
,ultation with his colleagues, that, although they were
highly gratified with the unanimity that appeared to
prevail in the meeting with respect to it, they did
not require so large a sum.—(Hear, hear.) He thought
that 1,2001. for the directors, and 1001. for the occasional
deputations, would be quite sufficient.—(Hear, hear.)
The directors, however, had no hesitation in saying that
1,4004 would be ample to cover every expense, and they
would gladly return their thanks to the meeting if they
voted that sum.—(Hear, hear, and cries of " No, no.")
The motion of Mr. Ansell (the other propositions and
amendments having been withdrawn) was then put to
the meeting, and declared to be carried unanimous*
The CHAIRMAN then said, the next subject for the
consideration of the meeting was the remunera-
tion of their medical directors. Hitherto they had
paid them at the rate of one guinea and a half
for each attendance, which made three guineas a week
each. Now, the directors were not quite satisfied, con-
sidering the long standing of the medical directors in
their profession, and the immense advantage the insti-
tution had derived from their services, that sufficient
remuneration had been given to them, and they thought
that, without anything like impropriety, the amount
might be increased from three to four guineas.—(Hear.)
He believed that the medical directors had lost the at-
tendanceonseveral families, because they had acted
conscientiously in sti
and
t ut io
with respect to the ligveivsinogfferildviefeor to
oinsuthrae institution
a
re-
fused to barter the good opinion of the society for the
sake of serving interested parties.—(Hear, hear.) He
would, therefore, move that two guineas be given to the
medical directors for every meeting they attended, in-
stead of a guinea and a half..—(Hear, bear.)
The motion having been seconded, was declared by
the CHAIRMAN to be carried unanimously.
Dr. BEVAN returned thanks ou behalf of himself and
Dr. Conquest, whose absence he regretted. He was
proud of the countenance their exertions had always re-
ceived from the society, and could assure the meet-
ing that the kind course they had pursued
that day would never be forgotten by him
or his colleague. It was most gratifying to find that
their exertions had been attended with such success, that
the mortality among the members of the institution was
far less than that of any other ii the metropolis.
Mr. TYLER then moved a vote of thanks to the di-
rectors for their great exertions on behalf of this so-
ciety.

The motion having been seconded, was declared by the
CHAIRMAN to be carried unanimously.
Mr. LUCAS, one of the directors, returned thanks. He
hoped that the future acts of the directors would prove,
more than their words, the interest which they took in
the present institution.—(Hear, hear.)
A vote of thanks was then moved, and carried by
acclamation, to the Chairman.

The CHAIRMAN returned thanks. It had always been
his most anxious wish to do his duty, and be was de-
lighted to find, from the unanimous vote of thanks that
had been passed to him, that he had accomplished his
most earnest wishes.
The meeting then broke up, all appearing delighted
with the prosperous condition of the institution.

EAST
held
hNe
yesterday,p i
chairA lfw aos aut s E
A quarterly general Court. of Proprietors of East
the last Court having been read by
m.p.,the
chairman their houosfe,
thein
taken at twelve
his duty to lay before the
IndiaLboearra rdhde
enSo hmft
ili:rsettecrlsteleaortsfs.
an account of the amount of superannuations granted
since the last meeting ; and also letters which bad been
o'clocktph r eoTphrei eCbt proprietors, Secretary,slS, CHAIRMAN
compliance adi noiget eg was'with the Act of parliament,
received by the Secretary, from the Governor-
General, Lord Hardinge, and from Lord Gough,
in acknowledgement of the resolutions passed by the
Court of proprietors for rewarding the services of those
distinguished individuals. The first was from Lord
liardinge, and was dated Sinde, July 10, 1846. It was
addressed to the secretary, and acknowledged the receipt
of a letter from that officer, containing the resolutions ;
and further expres:.ed the gratitude of the Noble Lord
for the liberal mark which the proprietors had given of
their approval of his exertions in respect to
the Seikh war. The second letter was addressed
from Lord Gough to Lord Harclinge, dated
Sinde, July 17th, 1516, and acknowledging a
similar communication of the proceedings of the Court
of Proprietors, requested Lord Hardinge, as Governor-
General, to convey the noble writer's thanks to the