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

THE SUN, LONDON, THURSDAY EVENING, JUKE 10, L 69.

SHARE LIST.

ORDINARY di:LAI:MS AND STOCKS.

JOINT-STOCK BANKS.

Closing Business
Share NAME. Paid. Price. dune
10 Agra Limited, A all 10 104
19 Du B lO 24 3
SO Albion
00 Alliance, Limited
20 Anglo-Austrian
20 Anglo-Egyptian, lim all 20 21 211 1
20 Anglo-Hungarian
20 Anglo-Italian 1866, limited 10 54 41
40 Australasian
20 Bank of British Columbia all 10 It
20 Do issued at 2pm ~.. 5 5 4
25 Bank of Egypt
20 Bank of Otago, lira.
25 Bank of South Australia all 29 31
50 Bank of Victoria, Australia 25 37 39 371
10 Bank of Aew Zealand all 154 161
50 British North American
20 Chartered of India, Austra-
lia, ud China all 13 19
25 Chartered Mere, of India.
London, and China all 31 32
20 City
100 Colonial 25 37 311.:
10 Consolidated, lint.
50 Delhi and London, Ihn
50 East London, lim .5 24 14
20 English and American, lim 10 ... ...
20 English Bank of Ilk) de Ja-
neiro. lint
20 English, scAtish, and Aus •
tralian Chartered
28; Hong Kong and Shanghai
Bank Corporation all 36 38
281 Do new 5l 21 21
100 Imperial, lint 2O 131 161
20 Imperial Ottoman lO '2l 25 124 5
z 5 lonian all 17 20
25 Do new 5 7 4
20 Lnd Mortgage of India, lint 4 3:- 1-
100 Do 3p. c. Debs.l36l, 30 all 76 76 t 0
30 London Battkl of Mexico
and South America, lull. 20 7 6
100 London and Brazilian, lint. 45 20 27
20 Do new 71 .54 44
100 Loudon &River Plate, lim. 40 9 11
25 Do new 10 '2l 2ip
20 Loudon Chart. of Australia all 2.1 '25
20 London and County '2o 50 51
50 Do new. iss at 20 p.m, 16 pd ll ... ...
London Joint Stock I 311 321
London and South African al 81 94
00 London & S.-Western, lira, 20 13 11
150 London & Venezuela, lim l2l ... ...
100 London and Westminster 2O 624 634 63
100 Do Scrip, iss at 10 pm 2O
100 Merchant, lim 25 54 41
10 Metropolitan, lint all 71 71
100 Midland, lint 2O 14 4
5 National of Australia
25 National of Liverpool, lint l5 1d 1p
100 National Proviuc. of Eng'd 42 ... ...
10 Do . ...... .. 42 ... ...
50 National. 3O ... ..
20 New South Wales all 41 43
.
20 North-Western
25 Oriental Bank Corporation all 41 42 41
50 rrovinc. Bank. Corpo., lint. 10 6 .5
00 Provincial of Ireland 25 83 90
10 Do new. all ... ...
100 Stand. of Brit. S. Africa, lint 25 14 11
100 Do issued at 6pm lO 8 6
25 Union of Australia all 47 43
100 Union of Ireland, lim
50 Union of London

TELEGRAPH COMPANIES.

L Anglo-American Tel., linial 1221 ~2
10 Anglo Mediter Tel., lint.... 10 12 13 131 1
st Atlantic Telegraph lO 21 23 201 1
st Do. 8 per cent.
st B. and I. Magnetic Tel., lint lOO 158 16 I
st Electric & Inter. Telegraph 100 211 245
10 Do. New 8 9 Ilp
25 Indo-European Tel., lint lO
...
...
5 Lond. Provincial Tel. lint all 21 3
1 Do. Prefer. 10 per cent all pr ip
10 Mediterra. Eaten. Tel., lint all 31 3;
25 Reuter's Telegram all 6 1 G 3 66 11
'.:O Societe Transatlant., lint all 161 17, 171
st Submarine Telegraph
1 Do. Scrip all 1 1/
20 Telegraph Con. & Main.,lim all 171 181 Is/ 19
5 11. Kingdom Tel. Co., lint all 56i
5 Do. 10 per cent. Pref all 3 34P

11iISCELLAN EpUg-

t.
lint.
ra 1 v AgriculturalMinto i,.s, . .
all 461 164
25 Australian Mort. Laud and 5 1•51 161
lint all 1!I I t 145
5 id pr
211050
Berlinora,-, :111v:eon: u,
10 Baugarah Tea
~ • Estates, lint. 9 7 5d
100lim.
10 Do. New 6 3 4
all 31 41
5 Do. New 4 11 id
s') British American Land 4l 15 17
1050
BBoomlckbaoywa, Vaughan,
lint.
20 British Indian Tea, lint all 24 31
71
29 Canada Company all 66 7J
Invest-
-10 Canadian Loan and
ment, lint 24 2 1 d
20 Ceylon Company, lint. lO 4 34d
20 Do. A shares
City Discount, lint
20 British Ship Owners
10 ,6
25 City of London Real Pro-
perty, lint 9 45 311 5
30 City of Milan Improv. lint all 5 6
25 City of Moscow Gas, lim all
50 City Offices, lint 25 26 25d
50 Colonial, lint.
D 0.221 ... ...
50 Commercia; Union (Assur) 5 i i•p
10 Company
of African Mer-
chants, lint. 3 id P
20 Continental Union Gas, lint,
25 Copper Miners of England,
pref. 74 per cent.
100 Corporation of London
Bonds,
1877, 44 per cent. all 1031 1011.
100 Do. 1879, 4f per cent. all 1041 1054
100
Do. 1882,44 per cent. all 1031 1044
10 Credit Fon. of England, lint. all 21 3
50 Credit Fon.of _ Mauritius lim. 10 31 21,1
st Crystal Palace lOO 20 22
st Do. Preference lOO 9.5 10 t
p. c Pcipetual Deb. 109 108 112
st
lint. . all ... ...
Assam, ltm
10 Eastern • ..• ...
50 East Indian Laud Credit
- • ' 8 5 3d
and Finance, lint.
20 East India Irri,,a. & Canal all .. ..
32 Ebbw Vale Steel,. Iron, and
Coal, lint.
20 DaDrjoe.e6ling,
100 Egyptian 9 per cent. V'roy.
(lua. by Egypt. Gov , all 91 15 91 S
20 Egyptian Cont.& Trad. lint. 6 .. ..
3 Eng..t Au.st ral. Copper, lien '25 5 /
1.5 English and Foreign Credit 74 44 3,4
100 Eng. and Scot. Marine, lilt. 8 ... •••*1
10 Fairbaira Engineering 5 2 1.1
20 Fore-streetWarchouse,lint l2 i 11p
100 For. & Col. Gov. Trust and
Loan Scrip, issued at £B5 all 87 88
50 (}ellivara, lilt.
10 General Cre‘lit & Dis., lint. 74 14 11 >4
15 General Steam Navigation 14 28 '2'.l
50 Horns & Col Marine In. lint 5 2 11
10 Hong Kong and China Gas all ••• •••
20 Hudson's Bay all 121 12, 121 1
20 Imperial Laud Co. of Mar-
seilles, liut.
20 Interna.Finauciat Soc. lint 5 11 :15.
20 Interns.. Laud Credit, lint. 6 6 41
50 Italian Land,,,,,, 5 1,1 p
20 Italian Irri. (Canal Cavour) all 3 31
100 Do. 6p. c. &Is., redeem
1870, issued 90 all 65 57
50 Land Securities, lint 5 '2l 111
25 London African Trading lO 7 5.1
25 Lon. & Calctl. Marine, lint 6 ... „A
10 London County Land and
Building, lint.
50 Lond. Financial Asso., Bin 30 22 21
4 Lond.Gen.Omnibus.Co.lim. all 2 21
59 Lond. and Gla.sg. Engineer
and Iron Ship, lint 25 21 161
20 Loud. & Provincial Marine 2 11 pr
st Madras Irriga. &Canl.Gua.
sp.c. by India Gov,
10 Mauritius Land, Credit, and
Agency, lint._ .. l4 I 11
50 Merchant Shipping lint—. all 33 38
60 Millwall Iron Works, lint 121
10 Natal Land and Colonisa-
•••
tion Co., lint.
25 National Discount Co., lint 5 114 111
25 National Prov. Marine, lint. 4 4 31
10 National Steam Ship, lint. all 91 101
20 Nerbudda Coal & Iron, lilt. 6 31 31,,
10 New Consolidated Dis. lint 3 14 1;"
5A ew Quebrada, lint 4.4.0 41 1
25 New Zealand Loan & Men.
cantile Agency,lim 24 1 IP
25 New Zealand Trust and
Loan, lim
10 Northern Assam Tea, litu. 5 7 5
10 Do. B
st North Brit. Austral., lim lOO 48 53
59 North Brit. & Mercan. In_ 64 0 191
25 Ocean Marine (Insurance) 5 12 13 171
50 Oriental Financial, lint ll
5 Oriental Gas, lint,
5 Do. New
10 Otago and Southland •In ••
vestment, lint
...... 1(1 5p
5 Ottoman Gas, 1int,,,,,.,, lf 21
10 Panama, New Zealand, and
Australian R. Mail lint 1 .7
5 Do do.
et Peel R. Land & Miner', lira 100 31 34
50 Peninsu. & Oriental Steam all 48 50
50 Do. Now 1867
It Rhymney Iron ...
1 Do. New
2 Rio de Janeiro City Int.,lint all 17 18
Do. Gas, lint., , all 24 6
1 Royal Mail Steam
Scottish Aust. Invest., lint lOO 83 83
Do. 6 p. c. Guar, pref lOO
..,, „..
0 Societe Fin. d'Ef,sypte, lint lO 7 61
20 Societe Unta.de l' Empire Ot 8 21 35
50 S. African Mort. & Inv., lint. 6
25 South Australian Land
20 Thames and Mersey Marine
(Insurance), 1int.,,.,,,,,,,, 2 21 3
20 Trinidad Petroleum, lint,,, 8t
..
...
10 Trust & Agency of Aus.,lim, 1.
i IP
10 Do do. do. all
••• •••
20 Trust & Loan Co., U. Canada 5 ,•
~ p
50 Union Marine L'pool, lira 5 415 ! p
20 Union Steam Ship, lint all 22 24
15 United Discount Corp., inn, 8 13 41
20 Universal Marineau.), lint. 5
14 2 p
10 Upper Assam Tea, 1int.....,. all If 2
30 Van Diema,p's Land
00 Viceroy of Egypt, 7 per
cent. (Mortgage) Loan all 79 80 821
50 Warrant Finance, 1int......, 12 12 101
50 West India and Pacific Steam,
steam, lint 2O
20 Wes 2 ;
tLondon Whams and
Warehouses lO
••• ....

La.L (JO VX.KiN

BMW) Columbia. 6 per
0eut.,1872....
Do. 1395.. .... t . .... 100 _

Jan. do
a t&
July Sep t
11,080 102 i
68
~
8c 4
- Can.(lov.6p.o.Jan./&July
. 1877-84 .......• lOO 1(0 102 1051
.—Do. 6p. 0 7eb. & Aug lOO 102 104
Do.po. 56 p.p. 0.0.
Do. SD. c. Inscribed sk too vo
92
Cape o.llope, 6 P• 6•1873-• He 102 10k
-•Dpoo..Apl.&dOo 1830-90 lOO 107 109ot 1590-1900 100 111 113
Do. jam&July, 1891 •••• 100 108 Ile
Do. 5 per cent. 15 April
and 15 Oat., 1900 .....
Odylon, Nov 1876, 6 p.c.• 100 108 Ile
Do. 1872, do lOO 105 107
blauritius, op. o, 1873,
Jan. and July
Do. 1878 .. • •• 100 106 lO4
Do. 1882,May and Nc` • . 00 106 tot,
Do. 1895, Feb. & Aug .... 10 100 108
Melbourne Corporate.,..
1867-70, 6 per cent..... ICO 100 100
N.8.G0v.6 p.o.Ja.&July.. 100 103 114
IN dtal 6 p ot, Apl & Oct... 00 _ .
—Do6 p c. M4y & N0v..... 1.0 1( 6 108
N. S. IV. 5 p•c., '7l to 'N.. 100 99 1, 1
Do. 5 p.o. 1888 to 1898... 10) 981 991 100 1
Do. 5 p.c. rd. 67 to '75..
N.Zealand, 6p. ot. 1891.. 100 ..... .....
Do. 5 percent....
DoJan,Aprl,July, ol 100 93 94 914 4
Da 6p c. Mar &Sept '9l lOO 108 110
Do June & Deo , 1',91.
cDo Prov. 1 ALoild. 1 4,0 .. _
_ ...
( k crie 4I& 2, 1596. )
Nova Scotia 6p. o.Jan
and Jnly. 1876
Do 'be° lOO 102 104 103
- Qu-enslnd. 6p. c. '825 lOO 1074 It 84
- Do 189 .
Tasmanian 6 per c. 1895 .! 1064 1074
Do ,c,93 '97 . , ..
Victoria 6t er cent. 1891 ILO 113 114
--!, D 9, April turd 0ct,...... Let 103 iv 1111 1

MR. CAVE'S LIFE ASSURANCE BILL.

There are four objections to the "Life Assurance
Companies' Bill," to be discussed iu the House
to-morrow night, which not only impair its effici-
ency, but inflict great injustice, and practically
drive respectable men away from the directorates
of Insurance Companies, by which immense injury
will be 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
ws:re 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 cf
non-compliance. Why should the l'olicyholder,
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 pos:ib!y of their own
knowledge know the truth or fids.thood 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 is impossible that any Chairman or Managing
Director should know 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 IM-
P RISONMENT."

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 not 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
dishonoured; to the public whose interests were
never better cared for in any deparment or by any
form of joint-stock enterprize, the mischiefs that
this bill, if it become law, will do much far out-
weigh any good that can posiibly result from it.
At all events, in the name of common sense, the
schedules should be simplified, 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 design of Mr. Cave's Bill is to render the
understanding of the position of a Life Office im•
possible to the general public, the complicated
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 yespectable 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,B requiring
these multitudinous documents to be signed by the
Chairman, Manager, &c., declaring if any particu-
lar (out of ten thousand) is false, they shall be
liable to fine and imprisonment will carry out this
deign also.
We do nut believe that this bill proceeds from
the pen of any man practically acquaiute I with
Life Assurance, and the preparation of it, which Vs
a flvour of vindictiveneze, why wo know not, ap-
pears to have been ill considered and its enactments
impracticable.
It is not wonderful that a certain party should
cling to protection, which means in this c .se place
and patroLage, but it w,uld be wonderful it the
public should allow themselvc-s to be misled by such
a specimen of amateur legislation.