The Sun.
London, England, 1858-03-15 00:00:00

Racing Fixtures for 1858.
APRIL.
Richmond Spring 1 ' -
Newmarket Craven 5
Durham ................. 5
Catterick Bridge
Abergavenny .........
York Spring 13
Ilsley Spring l4
M.
Chester
Bath ll
Harpenden l4 1
JU

Malton
Epsom Spring lB
Newmarket F S lO
Lanboidy 221
Plymouth Spring 27
Salisbury: 2tll
AY. -

Epsom - la
Manchester 24

Ascot..
Hampton
Newton S)
Beverley Stammer 16
Bibury Club l6
Stockbridge l7
JU

IWinchester ll
Chelmsford 2l
INewcastle-on-Tye.
Abingdon
Carlisle 4,
Shrewsbury 2l
'LY.

Hereford
Ipswich.
Pontefract
Newmarket ...... 0
Worcester Summer 8

Liverpool l4
Nottingham 20
Stamford
Marlborough 29
Good wood 27

ECONOMIC LIFE ASSURANCE SOCIETY

The annual general meeting of this society was hell
on Saturday last at the ofEces No. 6, New Bridge-streets
Blackfriars, to receive the report of the directors and to,
elect auditors for the present year. The chair WA*
taken by H. F. Stephenson, Esq.
Mr. MAODJNALD (the secretary) having read the ads!
vertisement convening the meeting,
The CHAIRMAN, in opening the proceedings, said the
first business of importance was the consideration of the
cash account for the past year. It had been printed
and was in the hands of the proprietors. If
it was the wish of the meeting the secre-
tary would read it, but if, on the contrary,
it was taken as read, he should be happy to answer
any questions that might be put to him, and after that
he would submit the formal resolution for the adoption.
of the accounts. (Hear, hear.) Mr. Downes, their
actuary, would now state the progress of the society
during the last year.
(Mr. Dowsrns, said-The progress of the society's bassi.
new; during the past year has, upon the whole, beans
sati,ftsfactory, although it was slightly checked towards
the close by the late financial crisis. During the year 554 proposals for assurance were made, which were disposed ain the following manner :-485 were aooepted and 69 de-
clined. Of the 431 accepted 39 were notcompleted, and 448 policies in respect oft he others have been issued, assuring in
the aggregate the sure of 334,474/. The amount of premim*
paid in the year for the first time is 11,6001. 6s. 6d.,
which, added to 166,130/. Bs. 93., the amount of re-
newals, and the sum of 4,799/. 178.5 d. remitted as bonus,
&T.., gives a total of premium income of 182,526/. 12 r,
Bd., showing an increase elf 4,656/. 15s. lld. on the pre•
mium income after deducting the loss arising from dia.
continued assurances. The description of business
transacted has been the best kind, as the whole of the
policies issued, with the exception of eight, have been
for the whole term of life, and principally London busi-
ness. Claims have risen during the year nn 114 poll•
cies, asuring 95 lives in the sum of 85,1691. Bonuses
to the extant of 13,2861. became payable on 93
policies, giving an average bonus of 201. per cent, on the
sums assured ; the maximum bonus being 4111. 7s. per
cent., the minimum 7/.Bs. per ctnt. The total amount
of claims accrued during the year, including bonus, ie
less by 34,0001. than the estimate founthd on the office
tables. In addition to the 114 policies relinquiihed by
death, 147 have ceased from other causes, making a total
decrease of 261, which being deducted from 446, thy
nuLnber of new policies issued shows a net increase of
the invested capital and the amount of diminution of
risk produced by discontinued policies are annexed to
the financ;al statement.
A SHAREHOLDER wishedlt of sto
pecnibknowetheer, actuallBs number 7. of
3 policies in foroe on the
Mr. Dowzrzs --The actual number was 7,621, assuring
a sum of 6,039,5341. (Hear, hear.)
The CHAIRMAN-We have now waited with that
patience which becomes a board of directors, before we
submit the resolution adopting the accounts. I now,
therefore, propose that the following cash statement
be received, and I may just observe in passing, that the
whole cf the arrears of interest outstanding in the large
amounts of invested capital, does not exceed the
enormous turn of seven and twenty pounds. (Hear,
hear, and laughter.)
The resolution of the Chairman was adopted, and the
cash accent'', as toll we, was agreed to-
GENERAL ACCOUNT FOR THE YEAR 1857.-Received
Cash in hand let January, 1857, 12,575/. ss. 13. ; Laur-
ance premiums, less commission, 170,196/. 17e. 2d. - pro•
reeds of investments less income tax, 69,836/. 9s. ; 'total.
252,6081. 118. 31. Paid : Assurance claims, 9d,0 ,11. 49.
93. ; annuity claims, 1,4151. 103. ; purchase of policies.
5,844/. Gs 61. ; re.assarance premiums, 38V1. ls. ; office
expenses, medical fees, general law charges, and charges
re Hunt's trial, 9,3041. ss. 7d. ; cash on hand 31st Decem.
ber, 1t•57, 7,3671. 15s. 11d. ; balanee of account, 132,236/,
7s. Gc. ; total, 252,6081. Hs. 3d.
ASSURANCg, FUND. -Dr. : To balance, let January,
1857, (consisting of-funded property, 524,973/. ls. 7d. ;
loans on policies, 50,772/. 13s. ; mortgages, 873,2091.,
7s. 7d. ; life interests, 82,190/. 11s. 61. ; reversions
i
31,7561. 19e, 10d, ; cash on hand, 12,575/, ss. id.).
1,575,477/. 18s. 73. • profit and loss (on one reversion and
one life interest), 2,410/. 7s. sd. ; amount invested, vie..
Government securities, 123,306/. ls. 10d. ; mortgages.
67,299/. 17s. 4d. ; loans on policies, 17,265/. ; total,
)
1,785,7591.55. 2d. Cr.: By return of capital from-termi-
nable
annuities, 9,8541.6 e. ; sale of Government securities 9,9251. lie. Bd. ; mortgages repaid, 62,1141, ; loans on p 0...
licies repaid, 3,595/. ; bankers, 5,207/. 95. 2d. ; balance 3-Istic
1 December, 1857 (consisting of-funded property 699 t 499/
17s. sd. • loans on policies 61,442/. 13-3 ~ , --,- •
882,399/A2s. Bd.; life interests, 81,092/. Os. •id;
31,260/. 19s. 13.; cash in hand
18s, 4d.; total, 1,785,75 X iss. od.
4d.; ditto, 31st December, 1856,
, 7.367/. 153.11 d ..c, 1,695,0621'
• mortgages,
eYersen s ~
Assurance found, 31st December, 1857, 1,695,062/. 18e.
9 53,. 4771. 188. 7d.; in-
crease of investment, 119,534/. 191 57
s., The increase of
the assurance fund by the
sum of 119,5851 is the result of
investment made during the year; while by the applica-
tion of surplus income to the purchase of policies, payment
in respect of bonus, &,c., the financial position of the
society, arising from increase of assets and diminution of
liabilities, has been improved to the extent of 134,000/.
A MEMBER-There is a question out of doors at this
particular moment agitating with respect to the days of
grace-I should like to know the view the directors take
of the subject

The CH-AIRMAN—It is the invariable practice of Obis
Is of caieptyr e
innever twohticahk evlaadsvdatinetaxy
of
fn
the Ist of January
remained unpaid for the 15 days Alt 0 Weed dbayytshoefsogoriaect::
baendpadiedathastoaok place within that time, the policy would
mater
rel ttiv to the days of
atter of course. ( a
ngdrlia
announcedce
grace
rw,kuel
dar .loirn
itThetos
future be emb3died in the policy, e
usual advertisement.
A. MEMBER—I should like to know how many time"
the society has contested a policy in a court of law I
The CHAIRMAN—Twice since the formation of ih•
society 35 years ago. (Cheers.)
The retiring auditors having been re-elected,
The CHAIRMAN announced that the vacancy in VI•
direction caused by the death of Mr. Elastic had ham
filled up by the election of Mr. G. K. Rickards, and
that Mr. Benjamin Travers hod been elected consulting
stehcei latee ty: andM greatlye rcso, nwt
rhi bo liht:Ct
ad
bsueergnecoonnninecttheed rwoiot
hmtio,
.f
to hie welfare by his skill and knowledge, ever since its
formation. _ . _

-Avoteof thanks to the chairman, director', to:Wray;
Aad Necretary terminated the proceedings,

Tee second to save his stake. Red House in. (1S
subs.)
Mr. S. Williams's Costrel, 3 yrs, 9st 31b, (inc. 3lb ex.)
Mr. Parker's Snap, 2 yrs, 7st 21b (inc. 51b (Flatrnan)
ea) ) (Bray) 2
M 1
r. J. Betes's Reberry, 2 yrs, Get 111 b (Challoner) 3
Mr. J. Merry's T
Misr Finch, 3 yrs, 7st (inc. 31b extra)
Aapla) Betting—Even on Costrel ;3to 1 agst Mies Finch After aeetit a dozen failures and touch wasers.of times
the flag was lowered. Miss Finch made tae -tanning to
the distance, where the favourite came up ire .the cute
aide, and deprived her of the lead ; half-way-up Snap
came with a rush, but Costrel held his lead to thc end,
and won very easily by a neck ; 'half a langth-hetweert
the second and third, and a neck between the third and
fourth ; Macbeth was fifth, Lady Bell was last.
The Grand National Steeplechase Handieap of jib 'ova
each, h ft. with 100 added. Winners after alecicalae
ration of the weights to carry extra. The second
save his stake. About three mulles and three-quarters.
(4; subs.)
Mr. S. Jacob's Glautias, 5 yrs, 9st (inc. 71b extra) I
(McLean) 1,
Mr. H. Edwards'a Border Chief, 6 yrs, gat lelb
(Watling) 2
Mr. Barber's Potter, aged, 9st 71b (C. Green) 3
The folowing also ran :—Old Dog Tray, The•Ferest
Queen, Morgan Rattler, The Colonel, Abd-el:Kadera
0 ear Pacha, Chance, The Sweeper, Fleur de Lis.
Betting at Starting.-4 to 1 apt The Potter, 7to I.
each aget Morgan Rattler and Abd-el-Bader ; 8 to 1
each aget Old Dog Tray, Ferest Queen, and Omar
Pacha ; 10 to 1 each agst Border Chief, 12 to 1 apt
Glautias. The Colonel, with The Potter well laid
made nearly all the running until after crossing the
road the seem d time round, when be dropped away
beaten, and The Potter landed first over the Dyke
leap on to the racecourse, but about midway across the
Common he was passed by the B .rder Chief and Glautuse.. Glautias waited upon Border Chief until after landing
over the last hurdles, when be 'challenged, had h'im sate
half way up to the distance, and won easily by a length.-
The Potter, who pulled up lame in his near fore leg.
finished about the same distance from Border Chief_
Morgan Rattler was cannoned against at the hurdle,
soon after starting, unseated Barrowee, and got loose ;
and Old Dog Tray fell on jumping out of the road the
first time round. Forest Queen came down at the blind
ditch in the low pasture—the same spot where Sandboy
fell last year—the second time round ; and Omar Paella
whilst lying forward, came to grief at the second fence,
after landing on the racecourse. The Sweeper aid Fleur de Lis were beaten early, and Abd-el-liader and
Chance were stopped in the low pasture, the second time
round. Only the three placed past the post. The pace was severe throughout. M‘Lean rode the winter with admirable tact and patience throughout the encounter.
LATEST BETTING.
NORTHAMPTONSHIRE STAHZS.
100 to 8 agst Costrel (taken)
14 to 1 agst Zuyder Zee (taken)
CHESTER CUP.
SOO to 7 agtAdamas (taken)