The Sun.
London, England, 1859-03-21 00:00:00

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4 )v lad een alued by their respected actaary4
single policy had been taken in two diffckezt•
Ankchecked. and though he did not prethid Ito
for fil.self that he had gone through e--
the cases, yet, looking to the high reputitki
their actuary, it could not be doubted the valuation
was a fair one. The society now assured, by. 7,818
policies, the sum of £6,216,647, to which. Bonuses ,
had been added, exclusive of the bonuses to. be
declared that day. After deducting all liabilities;
there was left a surplus of £322,213, out of which
the directors recommended that a sum of £17,500.
should be retained for the payment of annual and
contingent bonuses, and for contingencies ; 'and
that the balance of £304,713 should be distributed
as bonus, and it would be appropriated as on former
occasions. The principle of life assurance was so
well understood that it would be folly to talk of it, -t
but the advantages of this society ought to be brought
forward more prominently. In the first place, by
charging a less amount of premium a person could.
assure £l,lOO, whereas elsewhere he could only .'
assure £l,OOO policy for the same money. They had
no proprietary, but the profits were divided among `.
the assured every fiveyears, and contingent bonuses
were allowed on the most liberal scale for broken
periods between the quinquennial periods, andequal
bonuses after the payment of premiums for five
years. Their expenses were trifling, and their
annual premium income amounted to X 260,000. He
thought that this must be satisfactory to every
gentleman present, and in conclusion he must con-
gratulate them on the position in which the society
stood ; but he would beg to remind them that this
prosperity could only be maintained by a constant
increase of business, andiwith the advantages which
were held out, they might safely recommend the
office to their friends. The hon. gentleman con- 9
eluded by moving that the report be received and
adopted. • •
This was seconded by Mr. PUGH, and unani-
mously agreed to. f

10, 61-dßond:si-reet, Piccadilly, W.

dntlff,

ivary,

LONDON CRYSTAL • PALACE, REGENT-
CIRCUS, OXFORD-STREET and GREAT PORT-
LAND-STREET.
This ma,gnificent building is NOW OPEN to the public, for
the SALE of all kinds of USEFUL and FANCY ARTICLES.
The Photographic Establishment, Aviary, Conservatory,
General Refreshment Room, and Ladies' Private Refresh-
ment Room, with Retiring Room attached, are replete in their
several departments.
ADMISSION FREE.

PRICE 4D. STAMPED, SD.

ECONOMIC LIFE ASSURANCE
SOCIETY.

The ordinary, annual court of this society was
held on Saturday afternoon at Radley's Hotel,
Bridge-street, Blackfriars, Mr. Biddulph in the
chair, to consider and receive the auditors' report
for the year 1858, and to elect auditors for the
present year.
The CHAIRMAN said that since their last meeting
they had lost their esteemed chairman, Mr. Stephen-
son, who had drawn the deed by which they were
governed, and had taken the warmest interest in
the society, and he felt assured that his (Mr.
Stephenson's) loss was equally felt by the share-
holders as by the board of directors. Mr. Stephen-
son's-place as a director had been filled up by one
of their auditors, Mr. Charrington ; the board had
done him (Mr. Biddulph) the honour to place him
rineceipthetschair, and had appointed Mr. Routh deputy-
chairman. The meeting that day was twofold—
first, to hold the annual, and secondly, the quin-
quennial court. The secretary would first read the
and disbursements of last year, and as
the figures would occur again in the directors'
report, to be read at the quinquennial court, the
mode in which he proposed the business should be
taken would be, not at the ordinary court to discuss
the figures, but proceed to the election of auditors,
and if that mode met their approbation, it would
save time and make things go a little pleasanter
as well as quicker.
The SECRETARY then read the balance-sheet.
The general account for the year 1858 showed that
the society, on the Ist of January, 1858, had £7,367
15s. 11d. cash in hand; £172,859 6s. 2d. assurance
premiums (less commission), and £75,878 6s. 6d.
proceeds of investments (less income tax). It had
paid in assurance and annuity claims, purchase of
policies, reassurance premiums, office expenses,
medical fees, and general law charges, £138,343
13s. 4d., leaving £10,299 3s. 4d. cash in hand on
the 31st of December, 1858 ; and £107,462 1 ls. 11d.
balance of account. The assurance fund showed a
balance on the Ist of January, 1858, consisting of
funded property, loans on policies, mortgages, life
interests, reversions, and cash in hand, of £1,695,062
18s. 4d., an increase of cash at the bankers of
£2,931 7s. 5d., profit and loss (on re-valuation of
reversionary interests)of £7,01165.5d., and £119,123
15s. invested in Government securities, and
£150,305 6s. 10s. in mortgages, and £12,384 7s. in
loans on securities. There was by return of capital
from terminable annuities £6,950 35., from sale of
Government securities £92,220 12s. 9d., from mort-
gages repaid £75,184 4s. 2d., and from loans on
policies repaid £6,951. The balance at the 31st of
December, 1858, was £1,805,517 19s. ld., so that
at the close of last year the increase of investment
to the assurance fund was £110,455 Os. 9d.

THE NATIONAL ASSEMBLY ROOMS, High
Holborn, formerly Cdsino de Venise.—This establish-
ment, /ire-eminently distinguished for the elegance and
Matchless beauty of its decorations, combined with the per-
fection of its management, is OPEN every EVENING.
The celebrated band, under the direction of Mr. W. M. Packer,
plays a nightly varied selection of the most approved classical
and modern music. Doors open at half-past 8 ; overture at
9 ; closing at 12 punctually. Admission Is. N.B.—Mr. W
M. Packer's grand Annual Benefit Bal Masque is fixed for
Thursday, 17th March.

ARGYLL-ROOMS, Windmill-street, Piccadilly.
These popular and celebrated rooms are open every
evening, with R. R. Bignell's Grand Orchestra, conducted by
that great composer, Mons. Antony Lamotte, of Paris.
Leader, Charles Hall. Mons. Boulcourt, the celebrated cornet-
a-piston player, performs nightly% with other talented
artistes. Selections from Rigoletto, 11 Trovatore, La Traviata,
Huguenots, Robert le Diable, and the new opera Martha.
Manager, R. R. Bignell. Doors open at half-past 8, close
ten minutes before 12. Admission, ls. to Promenade.
N.B.—All applications for the above band for Concerts and
Balls, to be made to Mr. William Price, treasurer, at the
Rooms.

HOWES AND CUSHING'S GREAT
UNITED STATES CIRCUS, ALHAMBRA
PALACE.—RE-ENGAGEMENT of THE CALIFORNIAN
PERFORMERS.—POSITIVELY the LAST TWO WEEKS
of the COMPANY in LONDON, previous to their departure
for the PROVINCES, and the only opportunity the Public
Will have of •witnessing the extraordinary performances of
the ROCKY MOUNTAIN WONDERS. The sensation pro-
duced by these artistes has been of the most extraordinary
nature ; the entire Press, the public, and the profession have
awarded the strongest, praise in favour of the Californian
Troupe.—Wilt be produced next week, the greatest novelty
of the Season, a SPANISH BULL-FIGHT, which has been
6, in preparation for the last five months, and in which the
a' .Californian nerformemsval.
,the le,ading parts ; killing
the bull, and other wonde ul explo!ts, as performed by them`
in Peru. During the present week the celebrated Delavanti
Family, the Horse Cruiser, the Sprites of the Silver Shower,
the Comic Mules, and the Californian Troupe, will all appear
at each performance, giving such an entertainment as has
never before been witnessed in the annals of equestrianism,
the proprietors being determined to leave the same favour-
able impression on the minds of the public which they created
in the metropolis on their first appearance one year ago.
Pit, ls.; Boxes, 2s. ; Reserved Seats, 35.; Stalls, 55.; Private
Boxes, £2 2s. Children under Nine years of age, half-price.
Gallery, 6d.
Two Performances Daily at two and quarter before Eight
pan.

Three directors retiring by rotation were re:
elected, and the election of Mr. P. C. Glyn in the
room of Mr. Edgar, was confirmed.
Cordial votes of thanks were severally passed to
the chairman and directors, to the actuary, the
secretary, and the agents in Liverpool, after which
the meeting separated.

ECONOMY.-A TNN GALLON CASK
(equal to Five Dozens) of.the finest SOUTH AFRICAN
SHERRY, for Four Guineas, or 20s. per Dozen ; best PORT,
245. per Dozen. Cask or Bottles and Case included. Three
Dozens Carriage Free. HENEKEYS', ABBOTT, and co.,
Importers, 22 and 23, High Holborn, London, W.C. Esta-
blished 1831.

HENEKEYS' COGNAC, a pure FRENCH
BRANDY, Pale or Brown, 20s. per Gallon ; 425. per
Dozen.
HENEKEYS' LONDON BRANDY, Pale or Brown, 145..
per Gallon ; 30s. per Dozen.
HENEKEYS' LONDON GIN, as from the Still and the
Strongest allowed, sweet or dry, 12s. per Gallon ; 268. per
Dozen.
Packages to be returned within Three Months, or charged
Is. per Gallon. Six Gallons, the cask included, and carriage
paid.
Country orders must contain a remittance.
HENEKEYS, ABBOTT, AND CO.,
Gray's Inn Distillery, 22 and 23, High Holborn, London, W.C.
Established 1831.

On the motion of the CHAIRMAN, the foregoing
statements were received and entered on the
minutes.
A sum of £l6O was then voted as a remunera-
tion to the four auditors, who were duly- re-elected.
This finished the business of the ordinary annual
court, and the extraordinary and quinquennial
court was formed,

VINEGAR. Patronised by her Majesty's
Government.—CONDY'S PATENT PURE CONCEN-
TRATED MALT VlNEGAR.—Families, by using this de-
licious Vinegar, Insure purity, and effect a.saving of 50 per
cent. See Report of Dr. Letheby, City Officer of Health •Dr
Hassan, of the " Lancet" Commission, and others. Sold by
the Trade, in bottles labelled and capsuled. Whalesale, 63,
King William-street, London-bridge, E.C.—Six Quart Sample
sent free to any Railway for 3s. 6d.

The Actuary (Mr. J. Downes) proceeded to read
the seventh quinquennial report of the directors:—
" The directors of the Economic Life Assurance Society
have now to report to its members the result of the investi-
gation made of its affairs at the close of the quinquennial
period which terminated on the 31st of December, 1858.
The experience of the society during this period (the third
which has elapsed since paying off the sharehololers) has
realised the expectations of the directors, and they trust
that the members will share their satisfaction. The pro-
gress of the society's business during the last five years will
be seen from the following statement :—Number of pro-
posals made, 3,136, or an average of 627 per annum ; poli-
cies issued, 2,578, or an average of 516 per annum ; sum
assured, £1,875,434, or an average of £375,087 per annum;
new premiums, £64,684, or an average of £13,000 per an-
num; newpromiums andrenewals combined, £883,365, or an
average of £176,673 per annum. Claims have arisen during
the five years on 647 policies, assuring the sum of £505,927,
and carrying bonus to the amount of £79,402, giving an
average bonus of 181 per cent. on the sums assured, the
highest bonus being 60 per cent., i.e. £2,978 on a policy for
£5,000, and the lowest 10 percent. The society now assures,
by 7,818 policies, the sum of £6,216,647, and is in receipt of
an annual income of £260,000. The assets, consisting of
funded property, mortgages, life interests, and reversions,
premiums due on the 31st December (since paid), in-
terest accrued on investments, balance at bankers, and
in hand, amount to £1,840,212 7s. sd. In the valua-
tion of the assets of the society, an ample margin
has been allowed for possible fluctuations of the public
funds. The invested capital has produced an aver-
age interest of £4 2s. 6d. per cent. per annum.
The liabilities, consisting of the values of policies and the
bonuses thereon, including also the sum required to pay the
claims accrued in 1858, but due in 1852, and every other
liability, make together a total of £1,517,998 15s. In esti-
mating the liabilities upon the existing policies, so much
only of the premium as is sufficient to cover the actual risk
upon each policy is taken into the present account, the
remaining portion of the premium income being left to
accumulate, so that no profit is declared by anticipation.
This system of valuation, based on principles of undoubted
seevity, leaves a surplus of £322,213 12s. sd. ; and the
directors recommend that out of this a sum of £17,500 be
retained for the payment of annual and conditional bonuses,
and for contingencies, and that the remaining sum of
£304,713 12s. sd. be distributed as bonus. By the reserve
of £17,500 a further bonus of £1 per cent. per annum will
be added to the absolute bonus on such policies, now en-
titled to participate, as shall become claims during the cur-
rent quinquennial period, viz. :—On policies which become
claims in 1859, £1 per cent. on sum ,assured. On policies
which become claims in 1860, £2 per cent. on sum aglAured.
On policies which become claims in 1861, £3 per cent. on
sum assured. On policies which become claims in 1862, £4
per cent. on sum assured. On policies which become
claims in 1863, £5 per cent. on sum assured. To those
policies which are not entitled to participate in the present
bonus, by reason of five annual premiums not having
been paid upon them, but on which claims may arise after
the payment of the fifth annual premium and before the
next quinquennial investigation, a bonus will be added
equal in amount to that allotted at the present divi-
sion to a similar policy on which five annual premiums have
been paid. The sum of £304,714 will produce reversionary
bonuses amounting to £475,354, yielding a per centage
ranging from 6 to 31, or 104 on the average on the sums
assured ; and a percentage ranging from 27 to 143, or 65 on
the average, on the premiums received in respect of which
the bonus is allotted. The same options are offered as at
the last division, and so the present bonus may be taken
either—let. In money ; 2d. In an addition to the sum
assured ; 3d. In a reduction of the premiums for the next
five years only ; or, 4th. In a reduction of the premiums for
the remainder of life ; as the assured may select. The long-
continued commercial depression has affected generally
the demand for life assurance. Still, the increase of busi-
ness of this society has been steadily maintained, while the
claims for the quinquennial period have fallen below the
estimate. Considering the character and extent of the
society's transactions, with regard to the number of lives
assured, the sums at risk, and the extent of the invested
capital and of the annual income, the condition of the society
affords assurance that its future progress will be steady, and
free from the risks consequent upon small numbers and
limited means. In its present state the society offers every
advantage afforded by life assurance ; the rates of premium
are lower than those of any other office which entitle the
assured to participate in the profits, and considerably lower
than those of any other mutual assurance society ; the prac-
tice of the society, in its dealings with the assured, has
always been guided by liberality; the expenses of manage-
ment are spread over so large a surface as to form an incon-
siderable percentage on the income; and the whole of the
profits, in accordance with the mutual principle, are
divisible among the assured.
The CHAIRMAN said that the report must be
taken as the most satisfactory which they had
received for the last five years. He would like to
detain them for a few moments while he sketched
to them the progress of the society for the 25
years that it had been in existence, as it would
show positively the position in which they were.
The Chairman then made a statement showing
the progress of the assurance fund and the
annual premium income, as well as the bonus
declared in money and reversion at the end of
each quinquennial period. At the first period for
division, in 1829, the assurance fund was £64,233,
and the premium income £31,840. In 1834 the as-
surance fund was £183,790, the premium income
£53,397, the bonus in cash to shareholders £6,000,
and the bonus to assurers £lB,OOO, equal in rever-
sion to £33,000, or 16 per cent. In 1839 the as-
surance fund was £342,944 ; the premium income,
£70,591 ; the bonus in cash to shareholders,
£14,000; and the bonus to assurers £42,000, equal
in reversion to £77,000, or 31 per cent. In 1844,
the assurance fund was £673,632 ; the premium in-
come, £90,500 ; the bonus in cash to shareholders,
£27,150. and the bonus to assurers, £64,777 ; equal
in reversion to £109,293, or 33 per cent. In 1849,
i he assurance fund was £908,060 ; the premium in-
come, £121,159 ; and the bonus to assurers,
£168,794 ; equal in reversion to £274,121, or 621
per cent. In 1854 the assurance fund wa5.£1,357,736,
the premium income £153,036, and the bonus to as-
surers £255,850 ; equal in reversion to £397,000, or
67 per cent. ; and in the present year the assurance
fund was £1,840,212, the premium income £177,853,
and the bonus to assurers £340,714 ; equal in rever-
sion to £475,354, or 65 per cent. The chairman
said that though the claims during the last five
years had been large, they were notwithstanding
less than the directors had expected. They, had
had two bad years, 1854, when there was the Rus-
sian war and the; cholera ; and 1858, when a larger
amount of policies had fallen in than usual. In
speaking of the assurance fund, the chairman said
that the assets had been examined by the auditors,
when it was seen that they held security for every-
thing they had. They had never lost one shilling
by investment ; they had, in fact, never had but one
loss, and that was at the commencement of the
Institution, and it was so small that it was not
worth taikin(' about. Their assets and liabilities

GREY HAIR RESTORED TO ITS
NAT UR AL COLOUR. Neuralgia, Nervous
Headache, Rheumatism, and Stiff Joints Cured by F. M.
HERRING'S PATENT MAGNETIC BRUSHES, 10s. and
15s. Grey Hair and Baldness PREVENTED by F. M. H.'s
Patent Preventive Brush. Price 4s. and 55.. Offices, 32,
Basinghall-street, London, where may be had, gratis, the
Illustrated Pamphlet, "Why Hair becomes Grey,. and its
Remedy." Sold by all Chemists and Perfumers of repute.

GLENFIELD PATENT STARCH,
USED IN THE ROYAL LAUNDRY,
AND PRONOUNCED BY HER MAJESTY'S LAUNDRESS to be
THE FINEST STARCH SHE EVER USED.
WHEN YOU ASK FOR
GLENFIELD P N.TENT STARCH,
SEE THAT YOU GET IT,
As inferior kinds are often substituted.
Sold by all Chandlers, Grocers, &0., &c.
WOTHERSPOON & CO., GLASGOW AND LONDON.

RUPTURES. - WHITE'S MOO-MAIN
PATENT LEVER TRUSS is allowed by upwards of
200 professional gentlemen to be thebest for Hernia. It con-
sists of a small and elastic pad, to which a lever is attached,
and (instead of the usual steel spring) a soft bandage, fitting
so closely as to avoid detection. A descriptive circular may
be had, and the truss forwarded by post, on the circumference
of the body, two inches below the hips, being sent to the
manufacturer, Mr. John White, 228, Piccadilly.
Single Truss, 165., 215., 265. 6d., and 31a. 6d. Postage, 1s
Double ditto, 31s. 6d.. 425., and 525. 6d.—Post-office Orders to
John White, Post-office, Piccadilly. Maker of Elastic Stock-
ings, Knee-caps, &c.

THORLEY'S FOOD FOR CATTLE.—Every
person having an interest in domestic or farm animals
should obtain a supply of this celebrated and economical
food, which will prove invaluable during the approaching
season. For keeping horses in good condition it 113 unequal-
led. Pigs fatten with surprising rapidity upon it, and their
flesh increases in flavour and value. Cowkeepers will find
great advantage in the increased quantity and improved qua-
lity of the milk during its use. All animals are benefited by
it. A pamphlet on this interesting subject, accompanied by
Testimonials from the principal Nobility, Gentry, and Agri-
culturists, forwarded on application. In casks containing
448 feeds (measures enclosed), price 505., carriage paid to any
Railway Station in the United Kingdom. Post-office orders
payable to Joseph Thorley, 77, Newgate-street, London.
N.B.—The public are cautioned against being imposed upon
by worthless imitations.

ROYAL FREE HOSPITAL, Gray's-inn-road.
Open to the Sick Poor Night and Day.
During the past month (February) 10,585 persons were re-
lieved.
During the last year, 40,403.
Since the foundation, in 1828, to 31st December, 1858,649,088.
The Hospital is wholly dependent on legacies and volun-
tary contributions.
The AID of the benevolent is urgently solicited.
Contributions may be paid to Edward Masterman, Esq.
Treasurer and banker, Nicholas-lane, Lombard-street, or at
the Hospital, from 10 till 5.---By order,
STANFORD S. SMITH, Sec.