The Sun.
London, England, 1856-01-24 00:00:00

DONATIONS.

Donations £353 11 0
322 Old Subscribers, £436 4 6►
48 NOW „ 55 3 6
1 Life „ 10 10 0

-- £5Ol 18 0
SUBSCRIPTIONS FROM INSURERS.

2,15.3 at ss.
70 ~ 10s.
2 „ 10e. 6d
9 „ 20s.

2533 5 0
35 0 0
1 1 0
9 0 0

£583 6 0

£1,43815 0
Gratuities have been awarded to the amount of 911. ss.
Loans have been granted during the year for the sum of
2,5231., making a total of 2,0761. since the commencement.
"During the past year numerous cases of an extremely
painful nature have been brought before the notice of the
board, and it has been with sincere satisfaction that they
have been able in some instances promptly to relieve the
distresses of those who had a claim upon their assistance,,
but the board regret to add that in many cases they were
precluded from succouring applicants of a most deserving,
as well as of a most necessitous, character, from the fact
that those who could, by prudence and self-denial, have
secured this valuable aid to their widows and families,
had altogether neglected the opportunities of membership
or suffered it to lapse.
"The Board trust that this fact, if widely known, will
be more effectual than any appeal on their part in arous-
ing the attention of those among the clerks who have not
hitherto availed themselves of the advantages which are by
this institution placed within their reach."
The CHAIRMAN moved the'reception and adoption of
the report, and that ib be printed and circulated, which
was carried unanimously.
Mr. JIM'S (director) moved the following resolution :
" That on the 29th May next, or such other day as the
board may appoint, an amount not exceeding 851. be
granted in annuities. The number of annuitants of each
class to he fixed by the board according to the applications
which may be received."
He moved the resolution with much pleasure. It
was always a very pleasing thing to be able to
do good, and the more good the association could
do the more they ought all to be pleased, and
endeavour to increase its usefulness. In their desire to
do as much good as they could the directors had to adopt
a secure course, so that in lookir.g after the interests of
the present applicants they did nothing that might in-
jure those who might come after. (Hear.) The sum
they had now to dispose of was 851., which might appear
to many, as it did to him, to be a large sum, but it
should be borne in mind that during the past year the
funds of the association had been relieved of 401. per
annum by the death of one annuitant and the marriage
of another, so that the increase asked to be granted this
year was only 451. in addition to that of last year.
(Hear.) They had this year had a prosperous and suc-
cessful year, as regarded the benevolent department,
from their having employed a travelling agent, both in
town and country, to solicit contributions. His exer-
tions had been very successful, and they had had the
pleasure of adding to the funds of the association upwards
of 7001., after deducting the extra expenses. (Hear.)
Under these circumstances he had little hesitation in
moving the adoption of the resolution.
Mr. PRICE seconded the motion.

Mr. LLOYD reminded the meeting that last year an
amendment was moved in opposition to a similar resolu-
tion to that now proposed, but withdrawn in conse-
quence of the board undertaking to bear the suggestion
it contained in mind, and act upon it for the future. He
wished now to know what amount in excess of the in-

terest on their funded property these annuities would
give, because they should not give annuities beyond the
amount of interest they received from the fund.
The CHAIRMAN said the annuities, including the 851.
now proposed, amounted to 8601., and the interest on
the vested money to 560/. If they took 491/. from the
subscriptions, and 583/. from the insurers, it would give
1,074/. After deducting the 3001. required to make up
the above sum, there was a balance of 7001. to go to
capital. He thought the above amount was not too
much to take from the premiums to go towards annui-
ties.

Mr. LLOYD called attention to the propriety of the
association purchasing a nomination to one of the orphan
schools for distressed orphan children of deceased mem-
bers, which would be similar to an amount given away
in an annuity, but more to the advantage of both the
association and the annuitants. (Hear.) They had only
given away the paltry sum this year of 911. amongst
distressed clerks. He directed attention to a card
that had been circulated amongst the members soliciting
' their suffrages on behalf of a widow whose husband had
been 50 years in employ as a ship-broker. He thought
it was a disgrace on the part of that firm that after ai?n

had worked for them half a century his widow should be
obliged to have recourse to that association. He hoped
the chairman would give them the name of the firm
alluded to.
Mr. JEEPS said that the board, in considering this
subject, agreed
to
limit h
d with th et laste number nu speakerrofannuitants,
t h at eme
t hi n g
8 ld b
e dand
to approximate the amount to be paid to the income of
the vested capital, and it was with those Views that
in
there had been a diminution the number of annui-
ties voted last year and this. He hoped the time
would soon arrive when they would be in the position
ethhaatnhaedxtlJeenetnaslartooucgahlti
Mr. Lloyd and be (111. r. Jepps) wished to see. It was
but just
geHtut(iahltsaßetiliylkt
Aeggxtrohasiaanttith(ie:ed:ehr veaeecnirdpyi
t.ecoialtssseu.
before the board requiring assistance relief had been fully
wouldtaf ionorTdnt e' adequately
to the
require s e e r a
fort o r
pahrresceenh directors had made applica-
toaotlisont.o kTnhoewlnthfaenstuomrpthhaeyn
Society wanted 250 guineas for a life presentation for
one child, the British Orphan Society 2401., the Lon-
don Orphan Society 1001. for each child, or 3001. for a
life presentation, and St. Ann's School 250 guineas. The
board thought these such large sums that they had hesi-
tated about purchasing them. A difficulty had also
presented itself in whose name it should be purchased,
who should have the nomination, and how the child
should be selected for nomination.
Mr. WARWICK said that seven-tenths of the members
had no doubt been induced to become such from the fact
of their being able on low terms to insure annuities to
their widows, and the board ought to be exceedingly
cautious how they acted so as not to diminish that at-
traction, and thereby materially weaken the confidence
of the members of that department, merely to increase
had an
error the amount of money to be devoted to temporary assist-
ea.rnreoer in g
. (Hear.)ranti
granting
tmlioaungyhatnnthueityieshd
,
and considered
might have been much wiser had the directors decided
on granting but two instead of four annuities as now
asked for.
Mr. COLEMAN (director) reminded the last speaker
that there was a balance of 7001. on the year's account
to be invested towards meeting these charges, and they
should recollect that as they increased their vested capi-
tal so they increased their income. He reminded them
that they had 2,9191. now out on loans, which was an
important branch of their operations, and one of which
the board knew its full value.
Mr. WELCH moved, and Mr. 'TEN'S seconded, a vote
of thanks to the trustees and treasurer, which was car-
ried unanimously.
Mr. DAWSON moved, as the next resolution, a vote of
thanks to the auditors of this department, which was
also unanimously carried.
The thanks of the meeting having been awarded by
acclamation to the chairman and acknowledged by that
gentleman, the molting separated.