The Sun.
London, England, 1851-01-02 00:00:00

iitrtt A's°bittan

TATTERSALL'S-THIS EVENING.
SIX O'CLOCK.

Not a bet laid.

CITY OF LONDON LIFE AS-
SURANCE SOCIETY.
Yesterday the annual general meeting of proprie-
tors was held at the offices, Royal Exchange•build-
lugs ; Dr. J. R. Bennett in the chair. The minutes
of the last meeting having been confirmed, the se-
cretary read the report, in which the directors con-
gratulated the proprietary on the satisfactory balance-
sheet which they were enabled to submit to the meet-
ing. The unexampled exemption of the society from
claims during the first four years could not, of course,
be expected to continue ; and the claims of the past year,
though not exceeding the aggregate amount calcu-
lated on—being, in fact, 7,7201 were considerably
short of the ordinary income of the society. The
sum assured by new policies was 75,433/. 103. 41,
which produced an additional annual income
of 2,5041. 193. 11d. The total sum now
assured amounted to 265,8271, yielding an income
of 9235/. 2s. 11d. There were besides additional
propositions under the consideration of the board,
and which it was not considered desirable to accept,
to the amount of 24,5101. Since the close of the com-
pany's financial year a further sum of 4,4201. had been
insured, and insurances amounting to 5,600/. were
in course of completion. It was also stated in the
report that the directors hal under their considera-
tion plans for extending the adv-antages of life as-
surance, and for enabling them to curtail their expen-
diture. Mr. Rainbow addressed the meeting at much
length in dissent from some of the propositions embo •
died in the report, and contended that lithe business of
the society were properly stated on the balance. sheet,
it would appear that while they were liable for
about 22,0001., their assets were only 15,000/.
Mr. Lamb agreed with the objections put forward
by Mr. Rainbow, and censured the expenditure
of the company as unnecessarily high. Mr. Farrance
(the aotue-ry of the read a state-
ment of the per centage expenses of five other first-
class 111-taaouLanco officov, iron] which it appeared
that the expenditure of the City of London Society
was considerably less than that of those offices, and
he showed that as their operations extended, the
expenses which now seemed heavy would then
appear light. The principles upon which the
business of the office was conducted had re-
ceived the approval of the first authorities in the
kingdom on such matters, and although Mr. Rainbow
thought there had been a considerable loss on their
transactions, he could assure him that the directors
might, at the present moment, transfer the lausin?ss of
the society to another cffice, and have a surplus re •
maining of 1,5001. He (Mr. Farrance) undertook to
demonstrate this. fact to Mr. Rainbow. if he would
investigate the affairs of the society. The chairman
and others of the directors male statements showing.
that the income of the society had been steadily in-
creasing, and expressed an unanimous desire that Mr.
Rainbow would Leeks') any investigation he pleased
of the accounts end husinus of the scci,,ty, the result
of which they were assured would convince him that
his statements were utterly without foundation. After
a long discussion the report was unanimously received,
and Mr. Rainbow, in conjunction with Mr. Farrance
and a sub-committee of the directors, undertook
to make an inquiry into the constitution and condi-
tion of the society, for the purpose of ascertaining
whether or not his allegations were well founded. A
resolution, declaring a dividend at the rate of 5 per
cent. per annum was carried—there being, however,
five dissentients. The proceedings terminated with
votes (-f thanks to the chairman, board of directors,
and the officers of the society.

BRITISH. SHIPS-
Toe following general regulations have been issued,
and are in force, for prescribing the limits within
which vessels and boats, not exceeding 170 tons bur-
den, may be employed, and the mode of navigation,
manner of employment, and other conditions appli-
cable thereto :
" The Commissioners of her Majes'y's Customs, in pur-
suance of the pows rand authority vested in them nu ler
the provisions of a certain Act passed in the session
of Parliament held in the 12:11 and 13th years of the
reign of her present Majesty Queen Victoria, en-
titled An Act to Amend the Laws relating to the
Customs,' do hereby make the following general
regulations for defining the limits within which ves-
sels and boats, not exceeding 170 tons burden, may
be employed, and for other purposes of the said Act
in reference thereto, in lieu of any firmer or other
regulations:—
" Regulation I.—That vessels and boats under 15 tons
burden, and open boats, shall be limited to a distance of
four leagues, seaward, from that part of the coast of
England which is between the North Foreland and
Beachy Head, to a distance of 8 b agues seaward from
any other part of the coast of the United Kingdom, and
to a distance of 50 leagues coastwise from the Custom-
house of the port to which they belong.
"Regulation 2.—That open and half-decked boats and
vo:sets above 15 tons burden shall be limited to a dis-
tance of 4 leagues seaward from that pzrt of the coast
of England which is between the North Foreland and
Beachy Head ; to a distance of 12 leagues seaward from
any other part of the coast of the Units(' Kingdom; and
to a distance of 80 leagues coastwise from the Custom-
house of the port to which they belong.
"Regulation 3.—That decked vessels and boats under
40 tons burden, and all vessels of less than 170 tons
burden, of which the length is to the breadth greater
than the proportion of 3 feet and 6 inches to 1 foot (ex-
cept steam-vessels), shall be limited to a distance of 4
leagues seaward from that part of the coast of England
which is between the North Foreland and Beachy Head,
and to a distance of 12 leagues seaward from any other
part of the coast of the United Kingdom, except those
parts of the coasts of England and Ireland which lie
opposite to each other.
" Regulation 4.—That vessels and boats of less than
170 tons burden shall not carry arm= for resistance, nor
more than one carriage gun, or swivel gun, without shot,
for the purpose of making signals in case of distress, nor
more than two musltets.or Cowling-pieces for every five
men.

" Regulation s.—That no vessels or boats (except
luggers, as hereinafter provided for) shall be navigated
with a greater number of men (officers and boys in-
cluded) than in the following proportions:—Above 5
tons and not exceeding 30 tons, 4 men; 30 and not ex-
ceeding 60 tons, 5 men; 60 and not exceeding 80 tons,
6 men; 80 and not exceeding 100 tons, 7 men; 100 and
not exceeding 115 tons, 8 men; 115 and net exceeding
130 tons, 9 men; 130 and not exceeding 145 tons, 10
men; 145 and not exceeding 160 tons, 11 men; 160 and
not exceeding 175 tons, 12 men. The above to be cal-
culated in case the vessels are propelled by steam,
exclusive of the proper complement of engineers,
stokers, and firemen required to maeage the steam-
engines.
" Regulation 6.—That no luggers, fitted and rigged as
such, shall be navigated by a greater number of men
(officers and boys included) than in the following pro-
portions:—Not exceeding 30 tons, 8 men; 30 and not
exceeding 50 tons, 9 men; 50 to 60 tons, 10 men; 60 to
80 tons, 11 !men; 80 to 100 tons, 12 men; 100 to 110
tons, 13 men; 110 to 120 tons, 14 men; 120 to 130 tons,
15 men; 130 to 140 tons, 16 men; 140 to 150 tons, 17
men; 150 to 160 tons, 18 Mcn; and 160 to 170 tons, 19
men.
" Regulation 7.—That vessels and boats of less than
40 tons burden, and all vessels of less than 170 tons bur-
den, of which the length is to the breadth greater than
the proportion of 3 feet 6 inches to 1 foot (except steam-
vessels), belonging to the islands of Guernsey, Jersey,
Alderney, and Sark, shall be limited only northward of
the said islands, in which direction they shall not exceed
a distance of four leages from the Caskets.
" Regulation B—That vessels and boats of less than
40 tons burden, and. all vessels of less then 170 tons
burden, of which the length is to the breadth greater
than the proportion of feet t 6 inches to 1 foot (except
steam-vessels), belonging to the
Isle of Man, shall bo
limited to a distance of-aleagues seaward from the
regulations coasts of that island."
"Note.—The foregoing
not to be applicable
to boats belonging to vessels 'shill:: not
s d as such,
nor to vessels and boats exclusively
distress e
and not for hire, nor to vessels bona fid
employede'lo'ein pleasure,
fishing, or in assisting ships in beyond the pro-
scribed limits, provided it shall appear to satisfactionom sthat h e
employed 1
of the Commissioners of her Majesty's Customs
vessels were so employed, and that the masters and
owners are men of good character.
"Regulation 9.—That no extension of the lim •
bereinbefore assigned will be allowed in respect of
any
s
vessels or boats unless on special application from the
owner or owners thereof to the said Commissioners, set-
ting forth the ground of such application and the pur-
poses and object thereof. Whereupon, if it shall appear
to the satisfaction of the said Commissioners that the
grounds of such application are reasonable, and that,
having regard to the general character of the owners
and masters of such vessels or boats, and other special
circumstances, any extension of the prescribed limits
be conceded, the said Commissioners will
may properly
exercise the power vested in them of granting
.special
licences, for such lime, in such manner, and subk et to
such conditions, as to them may seem expedient.
" Regulation 10.—That when any vessel or boat is
required in case of emergency to carry Government mes-
sengers and dispatches to the opposite coasts of the con-
tinent of Europe from the ports of Dover and Folkes-
tone, or such other ports as may from time to time be
approved by the said Commissioeers for that purpose, it
shall be lawful for the collectors and controllers of such
ports, or other officers duly authorised, to act for them,
being first satiefied that such vessel or boat is bona fide
required for carrying such messrngers or dispatches
for her Majesty's service, to grant a pass for that
purpos-, endorsing thereon the object of the voyage,
the place of destination,
and the intended time
of departure of such vessel or boat; which pass
shall constitute a sufficient protection to such ves-
sel or boat during the legitimate performance of
such voyage and return, provided such return be
performed within a reasonable time, and that the master
of such vessel or boat, immediately upon his return, do
deliver to the collector, controller, or other proper officer
acting for them, at the port or plive of arrival, the pass,
with a certificate endorsed thereon, under the hand of
the messenger conveyed, or of the party to whom the