The Sun.
London, England, 1834-04-22 00:00:00

1790 ......... Do. Do.
1800 ......... Do. Do.

. 340
200

1810 ......... Do. Do.
1820 ......... Do. Do.
1830 ....... Do. Do.
......... Do. Do.

To Which Amount of Additions £4960
add original sum Assured lOOO

ist::;
:e' ~,
iil3
/
to
, 60"

4
irfr'

PR__ IDENT.
Right Hon. Earl of ROSEBERY.
VICE PRESIDENTS.
i 1 P. W. Drummond, of Hawthornden, Bart.
~,, The Hon. Lord Moncrieff.
"I° Right Hon. Charles Hope, Lord President.
His Grace the Duke of Buccleuch, K. T.
TRUSTEES.
Sir James Gibson Craig, of Riccarton, Bart.
William Scott Moncreiff, Esq., of Kirkton.
Pat. Cockburn, Esq., Accountant, Edinburgh.
William Mitchell, Esq., of Parson's Green.
James Balfour, Esq., of Pilrig.
All of whom, as also the whole Members of the Ordi-
ilalT and Extraordinary Courts of Directors are, and must,
" terms of the Laws, have b.een Members of, and person-
ally
, connected with, the Society, by Assurances of a deter-
.4arial.
The number of years standing.
inst:-e great success which has attended this National
Is it,tion, the large amount of additions by way of. Bonus,
Which it has, at two successive periodical investigations
i,,, 0 enabled to declare, and the rapidly increasing magni-
f- t IZT of its business and resources, having, for some time
f7', induced many applications from England to extend
oarties for affording Life Assurances at the Society's
soi cc through the medium of Agencies, it has been re-
l.:bed:among other arrangements, to appoint an Agent in
--4°ll, at whose temporary offioet..
Tables No. 3, BARTHOLOMEW-LANE,
ibio eS of Rates, Forms of Propoesdal, and every necessary
' A jerir'lat INTbleSrlladi4lll)oatS'. FUND and. LIFE
E eRANCE SOCIETY is the oldest, and, in point
It,"4siness, the most extensive Life Office in Scotland.
tit' great and peculiar advantages are now well known
tenir°,4glloot Scotland, but as little has hitherto been at-
fits r,.." ,o the way of extending a knowledge of its bene-
lien;°„,tne Sister. Kingdom, it is necessary, in order to
alliuj'eTire a(lvantages fairly before the London public, to.
tution t s°,l"°e detail to that peculiar principle o.f its consti-
the „ ° woich it owes its success, and which is essentially
its 4111° T, ith that originally embodied in the formation of
,Feat model, the Equitable.
ar:ll° Equitable Society of London, for granting Assur-
-4n es en Lives and Survivorships, was instituted in 1762.
i„e leading principle on which it was founded was that of
Hindtual Contributionship," which means the raisi.ngha
ti:from the mutual contributions or premiums paid y
4fie 'tAslembe.rs, for securing.the payment of the sums or be-
granted by the Society, on
th contained in the 1
is r emergence by deaPthlocriess-:ivorship. This principle
~ ,11 ordinary language termed ' Mutual Assurance," or
tee
Tutual Guarantee.' But these expressions are incor-
i as applied to this Institution, in so far as_ they seem to
-111 Ply the existence, on the part of the members, of some
teersonal guarantee or assurance to each other, extending
of the " common fund" thus raised. The principle
"' Mutual Contributionship, when correctly developed, en-
titely excludes any such personal liability. The Fund or
'pital accumulated from the past contributions or pre-
miums of the Assured, forms, together with the annual re-
tientie from Premiums and Capital, the security for the So-
-50 engag.ementsthe experience of the Equitable
7 shown, in the most decisive manner, how ample this
14nrity is. It is, indeed, no decisive proof of this to
th ert to
hunk t of their Arai Common Fund" having, frOm
ate. few d pounds ed from the contributions
t4l:s
~,,,arliest
members, gradually accumulated to the
valun"e ofthsin of Eleven Millions sterling, because
.the
be ,
meir outstanding engagements or policies might
and ? ,rl.ativelY as large, or larger. But the legitimate
'eats7‘aspu proof 4 the far more than adequate
the
C(nninnn Fund for all the Society's engage-
;7,:,,consists in the results of the periodical investigations
4eut 11 conducted as they have been with the greatest
gree of
(an h. care and scientific skill, neither have been nor
Net, inelPogned as presenting accurate comparisons of the
Itords,°' the Society with its- engagements, or in other.
iv accurate Balance-sheets of the Society's affairs.
inst"can results will be best illustrated by taking a single
the ie from the latest Table of Additions published by
4:411 quitable after the periodical investigation at Ist
A 15rY1* 18'30'
r'ree at°tl,e_Y for 1,0001. opened in the year 1776, and in
"bred __,'Fslate of such investigation, had gradually re-
17mtions of the following amounts, viz.
17% ......... Addition declared of
179, ......... Farther Do.
174 • . ....... Do. Do.

or ye,
Ile .
Making in all 5960
4nee•-j Ila,latikaix times the amount of the original assur-
in, the
greater su— t" , ginal Policy been for 2,000/., or anv
increased.comparatively
"oefits would have been compa
ex'trhis, although an actual, may perhaps be consideredes air; h° renle ease, because in comparatively few nstariricciple
of
roan life so far
_prolonged, and
also thebecauseep I di_strihntion, adopted by the Equitablei,. operatesr with
this fully in
tTeuliar effect in such cases. Butor keeping g
advantage which
the 'and after making allowance for h
of an almost entire
li
441 t suitable Society long enjoyed
from the popularity
of it of Life Assurance, arising.
-. it g
and the comparative .
absence
of competi-
tors 8 principle,
the low
tbe facility and profit with which
l'rie' and
also
for
nt Stocks, during the whole of the war
b,,es of Government
the Society to invest and accumulate their
u?d, enabled.
c,114, the instance just.
.. given may, as one of a multitude
hs other cases in which additions
oigreater or less amount
tov. from time to time been made to t. eir
h • Policies serve
,„riillistrate the value of the other leading features'of the
prince of Mutual Contributionship, viz.,
that while it
encrage-
he 9'e most solid security for the Society's,, e
radepts, it secures to the Members the whole of the larg
ofit, vvhether ariving from the careful selection of
..ives, the advantageous investment of Funds, or those
s.tilsual sources of profit arising in every extensive Life
ell
Institution from lapsed, surrendered, or for-
t'sted Policies. In Proprietary Companies these pro-
benere diverted either in whole or in part from the
tensatt. °f the Assured to that of the proprietors, in.cointo-
l'e '9'l,ef a guarantee which experience has proved to
ise4ritireiy nominal d'
superfluous. Had the Equitable
liold bird red w.th an
f Pro rietors who professed to
t, out the 1 a body o P
-bed capital, whether of
thou out
guarantee of a subscri
"oeh s" or of millions sterling, it may be easily
seen how
atixiloarantee would have operated. Although,
as an
BtiPril fund - it would have been wholly
be- -,nlous or security,
4 thkde and nugatory, it would, nevertheless, have
ftZlrlii, flue ground-work for transferring the profits
who
4slie,i . %ids to the benefit of those proprietors as al -' It •and •
bayerieady sii instead of the six-fold increase received,
Holder fifty, 'eft bi Own, by the Policy of 1776, would
"fsUr t 4 ia 1830, after having paid h's premiuni for
or' our of hears, with nothing more that' all
1 obligation in
1,i,°00/. 3 heirs or assignees for the original
assured sum
th 4oe 4,111
toe quitabeinse benefit derived. from assurances
attention
bei.4lroar4. ,e Office., at length drew p
t increased the num-
it),lsitioefmpsnilos'oaives aarcflass it,sur assurance,
thatso greatly
in order to prevent thei
114140:,.. agret)sf(4ll_Society attaining an
su--
pa.l enianalee, leexClluarng
portr ..sured resolute or by-
law
wastnat date from any right to
Ntiti'Pate in rVosequent to
alit,: toth;'...`e surplus funds or profits, until the policies
p er,,,,t.,., benefit were .
reduced to a given definite
Pe eatable 6.aat a party now taking out a policy at the
-",oar adl,""' oot the slightest chance of entering on its
i 's
I 'ltages for a long period of years. •
Ill:.vor
ostitutio • •
to this
, taut eh., owas in existence. two years prior 1
MicT, in "lige in the constitution of the Equitable, an(
tb, 11,,_11, bt, 74SeqUence received a great m)P
an • roposals
4, Ili NI-111,01P this measure, would have probably
gone to
ttiot-' byade-e,• The benefit which parties have ob-
the
from the fact,
Yea, a POii, -'rig SO will at once. be
evidentin the course of the
40 4117, Y.,,?Pened in the Equitable
a claim, would
While enttl! now emerging and becoming .
Cent.,
tlowe,s `led to an addition of abou
451/ %in' °Perned in this Office in the sameyear, and
ixr Per el'lg a claim, would be entitled to an addition of
~,!here
_ellt., which is yearly increasing..
kor'dly op;71 indeed be no doubt that this
.Offi e is now
duec allow-
Neo'„for ttle‘eaehing the same position (making
business which
vio,uatid off. oohing
limited field of.
pre-
to.o4es to th °rds) that the Equitable held in England_
ed In
*biefhsf tiei.:l-laetinent of the law already explain
d.
revenue,
~rlo‘y at thc,- 't may be stated, that its annual
;oak r,koloa ;end of the year 1816 only amounted to
1,5001.
ster-
" lir' aurr-s to nearly Eighty Thousand Pounds .
Of - 'pt. • -1101, and ' itsaccumulated Fund or Capital
, ster,t'onall , that
also in a state
ll° 1 and I.3'a aiudgmented, both b g
h ealccounts produced at
/I:veetZtkietli Annual eGase.al CTouert, held in January last,
11'141.1t lthe last yeenealr one an addition was made to
t-ter rtysift,:atge accumarulated fund or caital of no less
resteeel:, of `To sand Pounds sterling. lndependently,
3141deri ".°OI kie great benefit arising to the parties ifn e-
of thi arkths, ssurances which may become claims from
4,150 2 Stief 'ulattlre and of which the experience
the e;itletit,tftLaffords
, dinar' very striking instances, it is
414. -PePietie ' thef its constitution, and from
p_ stine,, eof 4, principle o
ge benefit Of ino toe Equitable,
n considered as an
i ference to
Ni of lleY, without any particuar !•e . life eadily k assOrance a policy now opened in this
office
t' ' 4,Y be qt 01) during?-Iwhole riod of a prolonged
dais, be c„nle tle pe .
~rnt.'lefit - a very valuable inheritance in ee .d d And
ihn ,„ the lifei.it9t operative only at death, but may, even
TY" valuabliine of the Assured, be made available to
konhe addition e,PurP°ses•
Plsithllit decia,sa.eelared by this Office greatly excecd the
it i the sarfie- 4 ally other Office in Great Britain,
itlitati Period of time, except those declared by
t to . •
he privileged class of its members. In