The Sun.
London, England, 1869-06-10 00:00:00

SIIARR LIST.

AND 13'110Clib.

;hare

piid. Closing Business
Price. done.

at 13r:atol and Exeter ...... 100 77 70
Est CaledJ~ii‘n
_ .

s u,:aorl3li.
23 Cornwall *ill 21 3
• Dublin tt Belfast June lOO 77 79
at Dun„Perth,& Ab.Junc ioo 70 72
2) East I..'_indon
:0 Do 15
2) Do 10
st Glasgow &S. Western 10) 97 9i
it Great Eastern ..
!,t Do. E. Augi. No. 2 tOO
st Uriiat North of Scotland lOO 15 8
at Great Northern lOO 1071 iO4 108
at Do. A . lOO 1081 10) 109 8/
Do. L1'314)04 lOO 124
at GAS, and W. of Ireland lOO 90 v 7
s: Gt. Western -original lOO 501 54 501 1
:t Do. 6011.1,i1 Wales
et Do. W. Mid.-0 xtorn lOO 25 27
a, Do. Ncl,vport
st Lancashire& 1 orxisniri) lto +241 20 1,11
st Lon., Brigh.,ik S.Coast lOO 43 451 431 f
0) Do , Scrip .... - -
at lon., Chat., and Dover IGO 161 171
at Do. oletrop. Ex. A lOO 9 11
st Lon. At North Western lOO 1181 181 1181 19 18;
it Lon. ds South Western lOO 80 91 90
at Man., Shel., & Lincoln l9O 55 551 54
at sletrooolitan . lOO i7l 14 04 7i
st Do ExteusiJii
10 Do. /New rd 10 Id p
at ille rupolitan District. all
10 Metrop. St. John's 11 oo 1 6 -
et ilLetiaud
st Do, Birmin. & Dcrby
st Njrttt British
at Do. Ed., I"th., & Dun lO6
st is or. Eastern—Berwick lOO 1001 104 105
25 Do. 04. N.E purohasc 16.11,t
at Do Leeds. ...... • lOO 61 63
st Do York lOO 96 07
st Do Carliile .... • ICO 122 125
at Do Stoe •• & 110 133 35
st North Lon ion
10 Do New 18,41 . 2 11 lip
at North Staffordshire . . 100 53 37
at North and S.-W. Jnnction 100 98 100
10 Do Now £lO shares 7 ... • .
at Rhymney
at Shropshire Union lOO 53 5)
st South Devon'
st South Eastern lOO 74 74
at Staines, Wolehain,6t Wok all 12 13
at 'I:
- Uo. C
Waterford & hi tkentiy lOO
Waterloo W hitelta.l 8

RAILWAYS-PREFERENCE &LURES AND STOCKS.

st Bristol and Exeter 4 p.ceut. 100 86 88
st Caledonian Qrs., No. 2 lOO ..•
st Do. Scot. N.E., 4, per cent lOO •••
et Do. Aberdeen, gua 6 p.c lOO ••• •••
et Do. do. 7 per cent lOO ••• •••
st Do. do. Ordinary lOO 78 82
st Do. Midland
st Do. Dundee and Arbruatii 100 ••• •••
20 Cornwall, 5 per cent gua all ... ..•
st Dundee, Venn, and Aber-
deen Junction lOO 105 107
st Do. Ist Class preference lOO ... •••
St Glas. 6.: S.W. gua. 5 per et lOO ... •••
st (-It. Eastern, E.O Ex. No.l 100 9 i 1,9
st Do do N 0.2 100 0 i 03
st Do do 6 per cent 100 10.) 112
st Do East Anglian A 5 p. c. 100
st Do du B 6 do. 100
st Do do C 7 do. 100
st Do do No. 1, 5 p.c. 100 ...
st Do E. Union 4p. c. gua. 100 70 75
st Do Nor folk 5 p.c. Ex. 1816 100
st Do do 5 p.c.Wa,v.Val. 1847 100 ...
st Great Northern, Spot cant 10 •
st Du 5 p.c., rd 10 p. c. put. 100 ...
st Du 41 do do do 103
st Do 5 do at sp.c. pm lOO
st Do Leeds, Bradford, and
Halifax, 6 par cent lOO

st Gt. Nrth of SeUtlawl, Ist pi 100
st Great. South. and Western
are laud)
_7l per cent lOO 90 97

st G
chg., per gun. S p.c lOO 101 103 1021
st Do. Orig. (1.1. & 13. Ex). 5 p.c lOO 35 It .0
st Do do per cent. 1850 lOO 87 8...)
st Do do 4 du do
st 1)0 do 5 per cent. rodent lOO 35 97
st Do do Birmingham gun lOO 63 72
st Do do do prof lOO
at Do do Chester gui. lOO b()
st Do do do 8 per cent. 100 ...
st Do do do 5 do 100 93 100
st Do South Wales, gua. 4 p.c. DO
st Do do 4, p.c lOO
st Do do 4 1859 lOO •••
st Do do 5
st Do West mid. Oxford Ist g. 100 110 112
st Do do 20 gun. 100 107 111
st Du Newport, Ist g. 5 p.c. 100 10 12
st Do do 20 do 100 97 100
st Du gun. 51 per cent. 1863 100
00 Lancaster & Carlisle-11 p.c. all
st Lancash. & Yurksh. 6 p.c. 100 1 3 135
st Do Barnsley, £5 Is 10,1 p.c. 100
st Do 6 p.c. (East Lancashire) 100 1:k, 115
st Do 41 (Blackburn porch). 100 PS 100
St. London & Brichtou. sp. c.
guaranteed, No 1 lOO ...
stj Do 5 per cent. gun. No. 2. lOU
tit Do 6 do do lOO ...
st Do 5 do Nu. •1 lOO ...
st Do 7 per cent
st Do 6 do (W.E. & C.P.) 100
Bt Do 4 du 1859 lOO ...
st London, Chatham, & Dover
5 per cent ICO •..
st London and 11. W., C. and
Nuneaton 5 per cent lOO 108 110
st Do Bedford &Cambridge._ 100 ...
st Do Shrewsb'y & 100
st Loudon and a W. 7 p,c
late 3d shares, lOO 110 150
2s Do (Portsm. perp aus 266 d) all ...
s Man., Shef., &Lineln. 6 p.c. 100 11► 117
Do £t. all par 1 pin
a Do 31 per cent lOO 60 65
1 Du redeem. 6 percent. 5 ...
st Elid. Consolidated., 6p. c lOO 130 135
a Do Bristol& Birm., 6p. c lOO li2 134
s Do 41 per cent. redeem lOO 18 10J
• Do 41 per cent. &redeem lOO 98 100
• Do Leicester & ll'elm,4 p.c. 100 80
et North British, 5 p.c. No.l lOO
st Do E. &G.4p.e. S. & D lOO ...
st Do N. 8., N 0.2, 5 per een.t lOO
st Do Border Union, 5k p.c lOO
st N.-Eastern—Cous. 4 p.c lOO Si SIP
st Do 41 per cent. redeem__ 100 95 97
fit Do U N.E. 4 per cent., IOU _
17 Do Berwick capital 8 13.4. ...
Do York, 11. &S. purchase lu 10 101
Do Stcktn & 5 p.c lOO 106 108
st Do W, tlartlepool ii. and 11 100 64 86
20 North Stanordshire
lOs a. Devon Annuities, 1.1 all 910
lOs Do Tavistock Anus, 10s all 8 9
108 Do Fixed 41 per cent all 8 81
1,0.6. S. i..ast. (Read. Anus., 1.0.6) all 22 23
at Do 41 percent lOO ...
st Do Fixed 41 per cent lOO ...
at 'Pali Vale No.l lOO 14, 153
at Waterford & Kilkenny, 6pc 100 41 43

RAILWAYS.-PREFERENCE MARES AND STOCKS.

With Dividends contingent on the Profits of each separate year.

st Caledonian 41 p c gua.
ati
tt 1
al )00 Scot.4 i Pen,p i
rsss4eiirnseim.
eddsadipoouidfpen,
do,
edel
er.11.1d:8887,4ca5666:p4328.:P.
.6..8c....
te5CO C
11:111:0000000006100000000051
8887.
.8. • .1. .
.‘53.487.:.*.
8.6.88.9.2. . .
.. .
80:0i.
t...... ; 9
13858
tt: Great
DDD o IL
Cs
Nt ced:ronwn .
st Do
st Great Northern, 5p c irred. 100
at Do Permanent 5 per cent. 100 ...
--*
103 103
Sas ttt GreatDpoo W BostonJointes 1. ,
oW4:
pB.
25t0 D 0
00
Vdoale6NPeactliirpreedrp".lsBp66c 100 103
at Kent Coast, 6 per cent, B 100
5 Lane. and York New 41 per ••• •..
cent till July, 1871 2
at Loud., Brig &C., 41 pc, 1858 100 4: 1P
at Do do 4 do, 1860 100 ••• :7.
at Do do 41 do, 1861 190
at Do do 41 do, 1863 100 ...
".
at .Do do 5 do, 1865 100 •*.
st Do No. 6 5 do, 1866 100 "
st Do No. 7 sdo
at Loud , Chat., &c., 2d, 6 p.c
at Do Metrop. Ex., B 6 p.c
Do do C 6 p.c
•,•
at London& N. Western, 5p c 100 110 lii
st Loudon &S. "Western, 41 p c 100 92 94
10 Man. b hef. & Lin., 5 pc, 165 all 8 884
st Metropolitan 5 per cent lOO 100 102
st Midland, A b per cent pref lOO 106 108 109
st Do B 5 do 100 106 108
18 Do 5p c opt. to cony. to
Ord. Stk., Sept. 1, 1869 all 201 201
18 Do Inconv. New Shares all 18i 19i igit
22 .D 0 5p c con. into Old
Stk-., Aug. 31, 1872 Bl 11 2ip
at North British, E. and G
No. 1, 5 per cent ...
st Do £lO guaranteed, 1861 100 ...
...
Do E ,P., & Dun., 2d, 4pc 100
at Do E.& ei , No. 2, 5 p.c
...
st Do N. 8.. 5 per cent, 1862 100 ...
...
at • North London, 41, per cent
matago ttt Northpppooo E.l
Is
Et ot&esGkt° re: r.:44,n(°N,
Dr°4d ja.13:3:13.'
.5!) rPD4.c cent P.n. let: 100110
1125
114
(Max. 5 per cent)
st North Staffordshire 5p c lOO ..•...
st South Eastern, 41 pc, 1859 100 ...
...
at Do 8 do 1861 100 ...
...
at Do sdo (Ch. Cross) 1863
...
at Do 5 do, 1864
st Victoria St. &Phallic°, 41 pc 100 ...
...

RAILWAYS.-LLNES LEASED AT FIXED RENTALSI

st 1371131 Mead ltir ay so
100 Do. 41 per cent. Prefer
10 all 9
92 101
0 2 D 4
st Buckinghamshire
it Chester and Holyhead lOO 5 I
0 sst 6
Do. 51 per cent. .. .. ..
Do.at
11C17 VI/
st Clydesdale, guaranteed lOO ...
it Colchester Stour Valley
st East Lincoln, gua. 6p. c lOO 131 134
20 Gloster and Dean Forest all ...
a Gt. Kass., Newm., &c., 5 p.c 100 ...
s Do. E. U. Harwich, 4 p.c 100 ...
it Do. do. Woodbrg. Ex., do 100 ..
st Gt. West, W. Mid., Herd 100 96 98
80 Hull and Selby all 110 112
st Lancaster and Carlisle lOO 210 2 5
st London and Blackwell lOO 93 95 94
st Do. 41 per cent lOO ...
it Loudon, Chat. &c., 41 p c lOO ...
it Do. Corn. Fund, 5 do 100 ...
st London and Greenwich
st Do. do Preference lOO •.. •••
st London, Tilbury, & South 100 83
at Lowestoft, gua 4 per cent lOO 80 82
st Do. do. 6 do.
51 Manch., Buxton, & Matlk all 5 51
st Midland, Bradford, Pref lOO 92 94
10 Mid Kent Cray Line)
10 Northernt East., 5 percent all 53 56
10 Do. do. 6 do. all ...
st N. Eastern—Hartlepool
st N.West. A perp. pref, bp c. 100 107 169
st Do B minimum 1:1 p.c.... 100 ...
st Nutting. & Glranth. 0 lOO 91 93
25 Preston and 15 yro. all 44 46
... Royston, Hitch.' and Shep. 100 132 134
st Shrewsbury and Hereford 100 131 134
10 Do do 8 2 21p
st S. Yorksh. and River Dun 100 96 96
st Do 4 per cent gua lO 78 80
it Do 5 do
at Viet. Station and Pimlico lOO 175 119
at West Cornwall
20 West Loudon, Class A all 13 14
20 • Do do B all
20 Do du C all
st Weymouth and Portland lOO
st Wilts and Somerset

DOCKS.

st East and West India lOO 118 121
Bt London and St. Katherine 100 42 44 181
100 D oDeb. stock, 4 per cent all ...
Freehold Land
at Dock lOO 20 30
at Southampton lOO 7.) 12
at
,Surrey Qoneniorelal

*

N. • •

JOINT-STOCK BANKS.

EVENING, JUNE 10, 1.F69.

MR. CAVE'S LIFE ASSURANCE BILL.

There are four objections to the "Life Assurance
Companies' Bill," to be discussed in the House
to-morrow night, which not only impair its effici-
ency, but inflict great injustice, and practically
drive respectaMe men away from the directorates
of Insurance Companies, by which immense injury
will he inflicted upon the public.

Their six schedules appear to us so complicated
that no man not an actuary could possibly under-
stand them, or form a correct judgment of any
office by their means.
The preparation would also entail upon an office
an expense of not less than £5OO each time- they
were made, a confiscation equivalent to a practical
fine and malversation of the policy-holders' profits.
These returns have to be made within thirty
days after the termination of the financial year, a
period in which it would be impossible for them to
be completed, audited, submitted to a shareholders'
meeting, and deposited with the Board of Trade ;
yet a fine of £5O per day (another confiscation of
policy-holders' profits) is to be the consequence of
non-compliance. Why should the Policyholder,
who has done no wrong, pay a penalty?
These returns are required to be signed by the
Chairman and Managing Director of the company,
but these gentlemen cannot possibly of their own
knowledge know the truth or falsehood of the
statements put before them. Why should not the
signature be by the Accountant, the only person
who can really know ?
But the fourth objection is the gravest of all.
If the Chairman and Managing Director sign any
statement " any particular" of which is "false,"
that is, not according to fact, whether with an intent
to do wrong or not (and there are ten thousand par-
ticulars contained in the six voluminous schedules
which it isimposible that any Chairman orManaging
Director should knob of his own knowledge, and
which he would be compelled in any event to sign
on the faith of the statement, that it was correct by
the Accountant) they are to suffer " FINE AND 131-
P RISONMEFT."

If this is Mr. Cave's notion of justice, it is rot
ours. If this is a specimen of Mr. Cave's know-
ledge of Assurance business, we do nut think his
efforts likely to benefit Life Assurance much. If
this is the way he protects them, the Policyholders
might use the simile of Pizzaro, and compare it to
the protection the sheep receive from the butcher ;
and if this is the way in which he would enlighten
the public, it is the most extraordinary we have
ever met with.

Likevexatious legislative interference in connection
with the "Limited Liability Act" caused the public to
trust in Government protection with fatal results, and
now in .connection with Life Assurance, where no
grave abuse exists, where no policy claim has been
dishonour, d ; to the public whose interests were
never better cared for in any deparment or by any
form of joint-stock enterprfz, the mischief 4 that
this bid, if it become law, will do much far out-
weigh any god that can possibly result from it.
At all events, in the MUD.; of COI:111113U selis, the
schedules should be sitnp!itied, and the returns
be signed by the Accountant of, the company, who
should be held -responsible ; and, above all, no
fine or imprisonment ought to be inflicted where no
wrong was done or intended.
If the de,ign of Mr. Cave's Bill is to render the
understanding of the position of a Life Office itn.
possible to the general public, the eamplicatel
labyrinth of forms, schedules, queries, etc., will
perfectly effect that end—if Mr. Cave's design is
that every discontented Agent shall be able to put
•his Company to the expense and trouble of au ex-
amination by the Board of Trade, the' 13th
clause will also insure that object being com-
pletely Effected ; and if Mr. Cave's design is to
drive all respectable Directors and. Actuaries from
. .Assurance Companies and to hand the Companies
over to unprincipled persons to manage in future,
Clause 15 in connection with clause 8 requiring
these multitudinous documents to be signed by the
Chairman, Manager, &e., declaring if any particu-
lar (out of ten thousand) is false, they shall be
liable to fine and imprisonment will carry out this
design also.

We do not believe that this bill proceeds from
the pen of any man practically acquaiutel with
Life As:uratice, and the preparation of it, which ly,s
a fitvour of vindictiveaese, why we know not, ap-
pears to hare been ill considered and its enactments
imprdcticable.

It is not wonderful that a certain party should
cling to protection, which means in this case place
and patrouage, but it would be wonderful if the
public should allow themselves to be wisled by such
a specimen of amateur legislation.