The Sun.
London, England, 1869-03-20 00:00:00

•
, ABSOLUTE SECURITY POLICIES, UN-
FORFEITABLE, UNCONDITIONAL, and UN-
CIIALLENGEABLM, issued by the PRUDENTIAL
ASSURANCE COMPANY, 62, Ludgate-hill, London,
E.C. Established 1848.
The Directors of this Company, in deference to an ob-
jection not unfrequently urged by persons invited to as-
sure, that the ordinary mode of Life Assurance is in their
opinion defective or uncertain, by reason of the operation
of the customary conditions, have resolved to promulgate
the present Tables, and to issue Assurances under them
which shall be absolutely Unforfeitable, Unconditional,
and Unchallengeable.
For the reason referred to, many persons hesitate or
decline to assure on the ground that, in the event of in-
ability or unwillingness to continue payment of their pre-
miums, the Assurance will become forfeited. To this
class of the public the system now introduced will espe-
cially commend itself, being entirely free from all condi-
tions of forfeiture on account of non-payment of premium,
or from any other cause whatever; while at the same
time it absolutely guarantees at decease, when even a de-
fault is made in payment of the premium, a fixed sum in
respect of every premium paid, bearing the same propor-
tion to the total amount assured as the number of pre-
miums actually paid may bear to the whole number origi-
nally contracted to be paid.
Besides this important advantage, every policy will ex-
pressly state what sum can at any time be withdrawn on
the discontinuance of the assurance.
The assured will thus always have the option of retain-
ing either an ascertained fixed sum payable at decease,
or, in case of need, of withdrawing a certain amount, ac-
cording t the duration of the Policy, such amounts being
set forth on every Policy, and rendering unnecessary any
future reference to the Company on these points, as is the
case with ordinary assurances.
Creditors assuring the lives of debtors will appreciate
this feature as one greatly protective of their interests, and
it will likewise commend itself to bankers, capitalists, and
others who are in the habit of making advances collaterally
secured by Life Policies, as they.can at any time learn, by
mere inspection, the exact value, either immediate or re-
versionary, of a Policy of this description.
Every Policy issued on this plan will be without any
conditions as to voyaging, foreign residence, or other usual
limitations. By this freedom from restrictions of all kinds
the objections before referred to will be entirely removed,
and the Policies will become at once positively valuable as
actual securities.

In addition to the foregoing statement of advantages,
the number of premiums is strictly defined. The longest
term provided for is twenty-fire years, and the shortest
five years, as shown by the Tables. Thus, hankers, credi-
tors, and others holding policies of this class as security,
may always know the utmost amount they may be called
upon to advance so as to maintain the full benefit of the
Assurances—a matter of great importance where policies
are held as collateral security.
It is only necessary to add that, as a consequence of the
policies under these tables being unforfeitable and uncon-
ditional, they will also be unchallengeable on any ground
whatever. They may therefore bo aptly termed Absolute
Security Policies.
The PRUDENTIAL ASSURANCE COMPANY pos-
sesses an income of £215,000 a year. Its .position is un-
questionable, and it obtains the largest amount of new
business of any office in the Kingdom. SPECIAL
AGENTS WANTED.

HENRY HARBEN, Secretary.

EAGLE INSURANCE COMPANY,
LONDON.

Report of the Directors for the- year ending tho 30th
Juno, 1868, read at the Annual General Meeting of
Proprietors, August 14, 1868----Colonel CHARLES
WETHERALL, K.C.T., Chairman of the Company, in
the Chair.

The proprietors will no doubt remember that at the last
annual general meeting a report was made to them for the
quinquennial period then terminating, and that a bonus
was declared in respect of it amounting to the sum of
£208,774. The surplus fund account, as under, commences
with the balance of June, 1867, after deduction of this
bonus—that is to say, with the debit of £772,740 13s. 9d.

SURPLUS FUND ACCOUNT, BOTH JUYE, 1868.
Dn. INCOME OF THE YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amount distributed
as bonus 208,774`" 0 0
£772,740 13 9
Premiums on new assur-

ances _ 14,596 1 5
Ditto on old ditto 3G6,215 7 3

X36:0,811 8 8
:nterest from invest-
ments 117,584 7 3

£498,395 15 11
Profit and loss, balance
of account 46,070 13 3
544,466 9 2 Total income

£1,317,207 2 11
Cu. CHARGE OF THE YEAR
Dividend to proprietors
Claims on decease of lives
assured .................. £265523 13 5
Additions to those under ,
participating policie_ 22,816 4 7
Policies surrendered..... 28642 11 3
Re-assurances, new ...... 3;270 15 4
Ditto, old ..................... 50,365 0 8

£370,618 5 3
Commission 11,702 15 0
Medical fees 751 16 2
Income tax .............. 2,215 4 7
Expenses of manage-
ment 15'489 8 5 400,777 9 5

Total chargA ........................ £409,651 14 5
Balance of account, 30th Ju./1"0. ... 1868 ...... 907,552 8 6

£1,317,207 2 11
Examined and approve•
THOMAS ALLEN} Auditors
HENRY ROSE,
The total income of the year, it will bo seen, is £544,466
9s. 2d., and the total outgo £409,651 14s. sd. ; the diffe-
rence, or the sum laid by—viz., £131,811 14s. 9d.--raises
the fund again to £907,552 Bs. 6d.
The interest received during the year is £117,584 7s.
3d., arising from the productive portion of the realised
assets of £2,897,157, mentioned in the last year's report.
The whole assets, productive and unproductive, may there-
fore be considered as having improved at the rate of rather
more than 4 per cent. ; or, if the profit shown of £46.,070
13s. 3d., derived from various extraneous sources, be in-
cluded, at upwards of £5 12s. per cent.
The premiums on new assurances are £14,596 ls. 9d.,
and of this sum £3,270 15s. 4d. has been expended in re-
assurances.

The claims on decease of lives assured are nearly iden-
tical in amount with those of 1866. They are less than
those of last year by nearly £19,000.
A considerable reduction, too, appears in the amount
of premiums paid for re-assurance, many of the risks
re-assured having terminated by death and other causes.
The expenses of management are less than those of last
year by upwards of .£1,400. But they still include charges
incurred in the final closing of the two officeslast absorbed
by the company. The whole expenditure, however, in-
cluding income tax, is at the rate of little more than 51-
per cent. on the total income.
The balance-sheet is as follows :
Dn. LIABILITIES.
Interest due to proprietors £6,977 13 3
Claims on decease of lives assured, and
additions thereto unpaid 61,530 4 5
Sundry accounts ...... 45,875 13 6
Liability under sums assured, &c. (1867) 6,369,469 11 7
Proprietors' fund ............................. 173,792 10 0
Surplus fund as before ........................ 907,552 8 6

T0ta1...................... £7,565,198 1 3
CR. ASSETS.
Amount invested in fixed mortgages ....£1,400,772 2 7
Ditto ditto decreasing ditto
...... 183,979 17 10
Ditto ditto reversions ... ......... 317,136 5 5
Ditto ditto funded securities ...... 479,932 13 3
Ditto ditto temporary securities 112,421 011
Current interest on the above invest..

ments ...........................................
Cash and bills ....................................
Advanced on security of the company's

36,243 7 6
22,604 2 9

policies .• 159,503 14 9
Agents' bah/ices 27,112 9 6
Sundry accounts 112,460 15 0
Value of premiums (1867) ........... 4,506,167 18 0
Value of re-assurances 86,860 13 9

Total .................................... .C 7,565,108 1 3
Examined and approved.
THOMAS ALLEN,/
HENRY ROSE, Auditors.
The present disposition of the Company's funds is shown
by this account. On comparing it with that of 1867, it
will be observed that further investments have been made
on mortgage and in the Government funds, and that about
£ll,OOO more has been advanced on security of the com-
pany's policies. Exclusive of the sum indicatinr, the value
of the future premiums, the assets amount to £3,059,030
3s. 3d.

Tho direction of the company is now constituted as
follows :
The Right lion. Sir JOHN YOUNG, Bart., K.C.B. Chair-

man.
WILLIAM FREDERICK DE LA RUE Esq., Deputy-
Chairman.
Charles Bischoff, Esq.
Thomas Boddington, Esq.
Charles Chatfield, Esq.
Sir J. Buller East, Bart.,

Chas. Thos. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq.
Philip Rose, Esq.
George Russell, Esq.
Thos. Godfrey Sambrook°,
Esq.
Admiral Tindal.;

, .
Robert A. Gray! Esq.
Wm. Augustu.s Guy, M.D.,
F.E43.

THE RESCUE SOCIETY'S HOMES
Are as follows
For Fallen Women.
28, Church-row, Ilamp- 150, Now Kent-road.
stead. 48, Church-street, Stoke
13, Camden-street, Camden- Newington.
town. Maize-hill Cottage, Green-
-205, Groat Portland. street. I wich.
For Young Girls in Danger.
27, Church-row, Hampstead.
9, Ifenstridge-villas, St. John s-wood.
St. Mary a Lodge, Buckhurst-hill.
Country Homo—St. James's street, Dover.
Temporary Homo-85, Quoen-street, Cheapsido.
In addition to the above-named homes, the Committee
have under their charge three homes for servants of good
character, in which aro admitted about 1,000 friendless
servants annually.
The home at Great Portland-street is for young fallen
girls from 10 to 16. The committee ale deeply anxious to
open another house for this pitiable class.
The Society admitted to its homes last year 687 young
women and girls. It was compelled to refuse 524 appli-
cants, whose histories are recorded in the applicant's book.
The Society's Repert (of which a contributor writes, "I
never read a report of any charitable institution which so
entirely commended itself to my mind and awoke my
sympathy") may be had on application.
The Society is under the presidoncy of the Earl of
Shaftesbury. Its banliters are Messrs. Barclay and Co.
The Committee very earnestly, commend its work to the
benevolent. DANL. CODPEB, Sec.
'` Qmoext-street clopside.

4d.
STAMPED sd.

THE WELLINGTON, 54, St. James's-street,
S.W.
DINNER from the joint, with vegetable, bread, cLecso, and
attendance, 2s.
SET DINNER, including soup, fish, joints, and sweets, with
attendance, Ss.
The WELLINGTON DINNER, a most recherchd dinner, with
dessert and attendance. ss.
A comfortable SMOKLNG ROOM, and the best BILLIARD
ROOM in London.

J NCORPORATED LAW SOCIE CY, U.K.—
". LECTURES and LAW CLASSES, 1868-69.

T.ECTURES.
Three Courses of Lectures on Common and Mercantile
Law. Conveyancing, and the Law of Real Property and
Erfaity, will be delivered in the Hall of the Society in the
months of March, April, May, and June next.
LAW CLASSES.

In connexion with the leeit;;;el:lsse.s will be conducted
under the guidance and superintend,nce of the lecturers,
and will proceed concurrently with. the lectures. The
number of subscribers to each class will be limited, and
the instruction given will be confined to an examination
of tLe students upon the subject of a preceding lecture, or
on portions of a given book bearing on the same subject.
A sufficient number of classes will follow each lecture, and
be of such duration as shall provide for the efficient instruc-
tion and examination of the students. The teaching of the
lectures will thus be amplified, and impressed on the
memory by the classes; and the system of constant ex-
amination will test, from time to ime, the progress made
by the students.
LECTURES on COMMON and MERCANTILE LAW,
by CHARLES HENRY ANDERSON, Esq., Barrister-
at-Law.
The Course will consist of Nine Lectures upon the fol-
lowing subjects:—
a. Simple Contracts.
b. Contracts under Seal.
c. The Contract of Sale.

d. Bills of Exchange, Promissory Notes, and Checks ;
with the distinction between negotiable instruments and
other simple contracts.
e. Freight and Contracts of Affreightment, with the pe-
culiarities of Charter-parties and Bills of Lading.
f. The Loss of a British Vessel and its consequences-
1. To the Owner of the Vessel.
2. To the Owner of the Cargo.
3. To the Underwriter.

g. In connexion with the foregoing will be considered
the Rule of the Road at Sea as contrasted with that on
Shore: also tho Law of Negligence and the Liability of a
Master for the acts of his Servant.
In his private classes the reader will use as text-books
—The Law of Contracts (Smith), An Action at Law
(Smith), A Digest of Common Law (Andarson).
LECTURES on CONVEYANCING and the LAW of
REAL PROPERTY, by T. LL. MURRAY BROWNE,
Esq., Barrister-at-Law.
This Course will consist of Nine Lectures:—
Lecture I. Introductory.—Practical Hints on the perusal
and examination of Abstracts.

Lectures 11., 114 IV. Settlements. —l. Settlements of
Personal Estate; a. investment of Trust Funds ; b.
Usual Trustee Clauses, Appointment of New Trustees; c.
Usual Powers and Covenants, &c.: d. Remarks on the
Effect of Recent Statutes-2. Satlements of Real Estate
a. Estates for Life and in Remainder, Waste; b. Jointures,
Portions, &c : c. Usual Power's: Remarks on the Leases
and Sales of Settled Estates Act; d. The Succession Duty
Act-3. Disentailing Dords, the existing Law of Entail-
4. Practical Suggestions in connexion with the subject of
Settlements.
Lectures V., VI. Rills.-1. Usual Frame and Contents
of a Will-2. Principles of Construction of Wills-3.
Practical Hints on Drawing Wills.
Lecture VII. Copyholds.-1. Introductory Remarks,
Fines-2. Surrenders and Covenants to Surrender-3.
Admissions-4. The Enfranchisement of Copholds.
Lectures VIII., IX. Miscellaneous Deeds.-1. Credi
tors' frust Deeds-2. Separation Deeds— 3. Articles of
Partnership, &c.
In these lectures and classes the Introductions and
Notes to Mr. Davidson's Precedents will be especially
referred to.

As elementary works, Mr. Joshua Williams's Books on
Real and Personal Property are recommended.
EQUITY LECTURES, by Sir GEORGE YOUNG, Bart.,
Barrister-at-Law.
This course will consist of Nine Lectures :
Lecture I. Review of Equity, and suggested arrange-
ments for purposes of Study.
Lecture 11. The Jurisdiction in matters of Account;
generally, Apportionment and Contribution.
Lecture 111. The Jurisdiction in matters of Account,.
continued : specially, between Principal and Agent.
Lecture IV. The Jurisdiction in matters of Account,
continued: specially, between Partners.
Lecture V. lho Jurisdiction in matters of Administra-
tion: 1. The Administration of Assets.
Lectures VI., VII. The Administrative Jurisdiction,
continued: 2. The Administration of Trusts, as enlarged
by recent statutory enactment.
Lectures VIII., IX. Injunctions._

Books • recommended :—Story's Equity Jurisprudence,
chapters 8,9, 10, 13, 23 ; Haddan's Administrative
Jurisdiction of the Court of Chancery.

Smith's Manual of Equity and White and Tudor's Load-
ing Cases in Equity will be the books principally referred
to during the course.
The subscription payable for he Lectures—
For all the Foreach
three courses, course.
By clerks of members
By clerks of gentlemen not
members
By all other persons not being
members

The subscription payable foi the law classes—
For all the
branches of Foreach
instruction. branch.
By every snbseriber
Members of tbo Society may attend the lectures without
subscribing.
To prevent interruption at the lectures, subscribers
cannot be admitted to the hall after the lecture has com-
meu cod.

E. W. Williamson, Secretary.
Taw Society's Iran, Oct., 1868.
N.B. Gentlemen may subscribe for and attend the lec-
tures and classes, either separately or collectively ; but as
the instruction given in the classes will have special re-
ference to preceding. lectures, it is recommended that those
who desire to attend tho classes should also attend the
lectures.

FRIENDLESS AND FALLEN.-LONDON
MALI: PREVENTIVE and REFORMATORY IN.
sTITIITION.
President—Rev. CANON DALE.
CONTRIBUTIONS for the support of the Homes in 1868 are ear-
nestly solicited, which may be sent to bankers, Messrs. Blon
quot, Salt, and Co., 78, Lombard street, ; Francis Nicholls,
Esq. (of the Committee), 14, Old Jewry Chambers, E.O.
E. W. THOMAS Sec., 200, Euston-road, N.W.

THE
LONDON SURGICAL HOME for
DISEASES and ACCIDENTS of WOMEN, for
the Reception of Gentlewomen and Females of Respect-
ability upon a weekly payment. Under the management
of Mr. Baker Brown.
' The private medical attendants of the patients are
in vited to visit them, and to meet in consultation before
treatment.
Full particulars can be obtained on application to the
Lady-Superintendent, 18, Stanley-terrace, Notting-hill,
W. ; or to Mr. Baker Brown, 136, Harley-street, W.