The Sun.
London, England, 1866-04-12 00:00:00

Li 7erpocl Cotton Market. —1 Lis Day.

The market opens with a fair inquiry at prices
fully 2d. per lb. below last Friday's rates. Sales,
probably 7,000 bales.

The Meeting of the Liberal Party.

The following is an authentic list of the members who
attended the meeting called by Earl Russell on Tuesday,
April 10 :
Adam, W. P. Forster, C. Morris, W.
Agnew, Sir A. Forster, W. E. Morrison, W.
Akroyd, E. Fort R. Murphy, N. D.
Anson, Major Fortescue, D. F. Neate, C.
Anstruther, Sir R. Fortescue, C. S. Nicol, J. D.
Armstrong, tt.. French, Col. Norwood, C.
Ayrton, A. S. Gaselee, S. O'Beirne, J.
Aytoun. R. B. Gavin,;Major O'Brien, Sir P.
Bagwell, J. Gibson, T. M. O'Conor Don, The
Baines, E. Gilpin, Col. Ogilvy, Sir J.
Bare ay, A. C. Gladstone, W. IC. Oliphant, L.
Baring, T. G. Gladstone, W. H. O'Loghlen, Sir C
Barnes, T. Glyn, G. C. Onslow, G.
Barron, Sir II W. Glyn, G. G. 0' tt eilly, M. W.
Barry, Charles G.ildsmid, Sir F. Otway. A.
Barry, G. it. Goschen, G. J. Padmore, R.
Bass, M. T. Gower, F. L. Paget, Lord C.
Bass, A. Gower, G. W. L. Palmer, Sir R.
Baxter. W. E. Graham, W. Peel, J.
Bazley, T. G mine, Col. F. Peel, A. W,
Berkeley, H. F. Grey, Sir G. Pelham, Lord
Biddrilpli, Col. Gridley, 11. G. Peto, Sir M.
Biodulph, M.- Grove, 'l'. Platt, J.
Bouverie, E. P. Gurney, S. Pollard Urquhart W
Brand, H. Hadfield, G. Portman, W. H. B.
Br ght, Sir C. T. Hamilton, E. W. T. Potter, E.
Bright, J
J. Hanbury, R. Fo.ter, T. B.
Briscoe, J. Hankey, T. Power, Sir J.
Brown, J. Hardcastle, r. A. Price, R. G.
Browne, Lord Harris, J. 1). Price, W. P.
Bruce, Lord C. Hartington,Marquis Pritchard, J.
Bruce, H. A. Hayter, Capt. A. D. Rawlinson, Sir H.
Bryan, G. L. Headlam, T. E. Reardon, D. J.
Buller, Sir A. W. Henderson, J. Rebow, J. G.
Buller, E. Heneage, E Robartes. T. J. A.
Butler, C. S. llibbert, J. T. Robertson. D.
Buxton, C. Hoare, Sir H. Roebuck, J. A.
Buxton, Sir T. F. Rodgkinson, G. Rothschild, Baron
Calcraft, J Hodgson, K. Rothschild,BaronM
Calthorpe, F. H. 11,1,ten. I. Russell, A.
Candlish, J. Holland, E. Russell, H.
Cardwell E. R. Howard, C. W. G. Russell, Sir W.
Carnegie, C. 11 ughes, T. St. Aubyn, J.
Cave. T. Ilughes, W. B. Salomong,Aiderman
Cavendish Lord G. Hurst, R. H. Samuda, J.
Cavendish, Lord F. Ingham, R. Samuelson. B.
Cavendish, Lord E Jackson, W. Saunderson, E.
Childers, H. C.X. James, E. Schneider, H. W.
Clement, W. J. Jardine, R. Scott, Sir W.
Clinton, Lord A. I'. Jervoise, Sir J. Scrope, G. P.
Clinton, Lord E. P. Johnstone, Sir J. Seely, C.
Cogan. W. H. Kearsley, Captain Seymour, H. D.
Colebrooke, Sir T.E. Knight L. Seymour, A
Collier, sir R. P. Kinglake, Serj. J. Sheridan, H. B.
Colvile, C. R. Kingacote, Col. Sheriff. A.
Cowen, J Kinnaird, A. F. Simeon. bir J.
Cowper, W F Knatchbuli-Hugess Smith, J. A.
Cowper, 11. F. Labouch ere H. Smith, J. B.
Craufurd, E. H. J. Laing, S. Stacpoole, Capt.
Crawford, R. W. Lamont. J. Staniland, M.
Crosland, Col. Lawrenc.. W. Stanley, W.
Crossley, Sir F. Lawson, J. A. Stansteld, J.
Dalglish, R. Layard, A. H. Steel, J.
Davey, H. Leatham, W. Stone, W.
Denman, G. Lee, W. Sullivan. E.
Dent, J. D. Leeman, G. Sykes, Col. W. H.
Dering, Sir E. Lloyd, Sir T. bynan, E.
Devereux, It. J. Lewis, IL Taylor, P. A.
Nike, Sir W. Locke, J. Torrens, W. M'C.
Dillon, J. B. Lusk, A. Tracy. li.
Duff, M. E. IPLaren. D. Verney, Sir H.
Duff, It. W. Magu re, J. F. Villiers, C. P.
Dundas, Sir D. Marjoribanks, D. C Vivian, J.
Dundas, F. Martin, C. W. Waldegrave-Leslie
Dunlop, A. M. Martin, P. W. Waring, C.
Warner, E.
Erskine,Enfleld, V.Ti s. cmo.un t Watkin, E. w.
Western, Sir T.
Esmonde, J. Whalley, G. H.
Evans, T. W. 331mbliiieillIfe,byjra:n‘jskv...F.
Swart, W. Mills, J. R. White, J.
Miniittcoltheelit
A.
A.
WWihliutwamorstohn,,Bs.ir
H.
Era"rogeitir. 11. E.. 0.
Fenwick, E. M. Moffatt, G. Woods, H.
Fildes, J. Monk, C. , Wyld, J.
Wyvill, M.
Young, A.
F tzoFitzgerald,atritek ,j Lordiv
15.33 Loo
More
ers,ee !jai
ci
J. Young,
W.
Foley, H. Young, R.
Foljambe, F. J. S. Morley, S.
The following gentlemen expressed their regret at not
being able to attend:—
Aoland, T. D. Davie, Sir 11. R, F. Marsha VW.
Beaumont, H. F. Henley, Lord Pryse, E. L.
Brady, J Mackinnon. , Lym.) Traill, G.
Cheetham, J. Mackinnon (Rye) Wickham, H. W.

It appears from the advicei just-received from
Melbourne, dated 6th February last, that a meeting
was held of the Bank of Victoria, and that • the
balance-sheet presented showed an available balance
of profit amounting to £48,639 15s. 2d. which was
apportioned as follows :—To dividend at 121 per
cent. per annum, £31,250 ; to reduction of bank
account, £5,000 ; leaving £12,389 15s. 2d. to be
carried forward. _ _

------ •• -----
THE WEST INDIA AND PACIFIC MAILS.—The
Royal Mail Company's steamship Atrato, with the above
mails, arrived at Southampton last night. She brings 115
passengers, $460,757 in specie, and a general cargo. The
Atrato left St. Thomas on the 29th ult , and has dates from
Jamaica to the 25th ult. ; Grey Town, 15th ; Demerara,
23d ; Trinidad, 24th ; Barbadoes, 26th ; Grenada, 24th ;
St. Vincent, 24th ; French Islands, 27th ; Antigua, 28th ;
St. 28th. There is nothing of interest in the intel-
ligenco from the other West India islands, or in that from
Chili and Peru.

The Accounts have been duly siamined by the appointed
officials, who have reported to the'Directors as follows :
To the Board of Directors of the Briton Medical and
General Life Association.
Gentlemen,—We have the pleasure to report for your in-
formation that we have contindad the system of quarterly
investigation into the affairs of the Association, and that
we have found the various books and accounts in a correct
and satisfactory condition.

The whole of the securities have been carefully ex-
amined, and are in perfect order.

We are, gentlemen, your very obedient servant;
HENRY ALCOCK,
WILLIAM BROOKS, Auditors.
JOHN BROWN,
C. 13,. ROWLAND,
London, March 26, 1866.

During the year the directors have concluded negotia-
tions with the Britannia Life Assurance Company and
Britannia Mutual Life Association, for a union of those
societies with this association. The respectability, wealth,
and influence of the Britannia Companies are too well
known to need comment, and from these valuable
elements, and the comparatively reduced cost at which the
united businesses can be conducted, the directors feel jus-
tified in congratulating the shareholders and members on
an arrangement which must tend to the advantage of all
parties.

Consequent upon this transaction, the directors have
elected Mr. John Drewett (formerly of the firm of Drowett,
Fowler, Dimsdale, and Barnard), and Mr. George Baying-
ton (formerly of the firm of Bovington and Sons),
as trustees, and 'Mr. Millis Coventry (of the firm of
Coventry, Sheppard, and Company), as a director of the
association. These gentlemen were formerly members of
the board of the Britannia Companies, and the directors
believe the continuance of their connexion with the united
association will contribute much to the consolidation of
this important amalgamation. libe directors recommend
that Mr. Coventry's election be confirmed.
In accordance with the provisions of the deed of settle-
ment, four of the directors of the association—Mr. W.
Ancell, Dr. Barlow, Mr. George Chapman, and Mr. E. J.
Oliver, retire by rotation, and being eligible, offer them-
selves for re-election. _

The auditors also retire, and offer themselves again for
re-instatement in office. _ _

The directors recommend that a dividend at the rate of
£8 per cent. per annum, free of income tax, on the paid-up
capital be declared.
Feeling convinced that the progress of life assurance is
materially enhanced by policies being relieved from all un-
necessary restrictions, and rendered as simple in their con-
struction as possible, the directors have recently made
some fresh rules by which many important privileges, es-
pecially in regard to foreign travel and residence, are con-
ceded to policyholders. These improvements, which will
be found detailed in a revised edition of the prospectus re-
cently issued, the directors believe will be fully appreciated
by the members and by all about to effect assurances.
The directors have sincere pleasure in generally acknow-
ledging the continued and increasing support of the medical
profession.
The directors desire to offer the shareholders and mem-
bers their congratulations on the uninterrupted progress
and prosperity which attend the operations of this associa-
tion. It will be seen that not only haVe the new pre-
miums of last year exceeded those of the previous year,
but the excess is greater than has ever been reported on
any similar occasion in the history of this association. To
maintain this rate of progress will be the careful study of
the directors. From the high position the association has
attained, the large and influential representative staff now
attached to it, whereby its ramifications are extended
throughout this country and many other parts of the world
where life assurance operations can be prudently conducted,
and from the popular and liberal principles upon which it
is founded, the directors are encouraged to look with per-
fect confidence to the future ; but their labours would be
much lightened, and the results greatly increased in value,
if they could induce more hearty co-operation from the
shareholders and members. The directors appeal for this
and would urge upon all connected with the association,
no matter in whatever capacity, to advance their own in-
terests and those of society in general, by bearing in mind
the objects of the association, and their applicability to the
requirements of all sections of the provident public.—By
order of the Board,
GEORGE H. BARLOW, Chairman.
FRANCIS WEBB, Deputy-Chairman.
.TORN lanssENT, Actuary and Secretary.
London,l2th April, 1866.

FINANCIAL STATEMENT •
FOR THE YEAR ENDING DECEMBER 31, 1865.

3,515 Proposals have been received, for L1,047,532 0 0
2,769 Policies have been issued, for 829,926 0 0
The new annual premiums were 25,200 17 11
The net renewal premiums were 133,318 17 3
The receipts from interest and other
sources were 13,474 9 8
The totalrevenue for the year amounted to 171,994 410
The claims for the year were 203, amount-
ing to c. •65,496 13 1

After payment of claims, surrenders, an-
nuities, endowments, re-assurance, divi-
dend, expenses of management (X 12,353
ss. Od.), the balance of receipts over out-
goings was

The Assets now amount to nearly half a million of
money, and consist of—
Purchase of £33,592 811 Consols 31,260 12 6
77 £3,500 New 3p. Cents 3,246 5 0
0,000 East Indian
1)
Railway Deberitures 8,539 16 6
77 £3,500 Cape of Good
Hope 6p. Cent Debentures 3,905 0 0
1.
£5,003 New S. Wales
5 per
£C4en,sto.
0 Debentures Mauritius
5,035 0 0
17 6 p .
Cent. Debentures
£l,OOO Victoria Govt
6 per Cent. Debentures
£2,000 Reduced 3 per
17

Cents.
11 £4,100 Canadian 6 per
_ _

Cents.
.£5,900 Canadian 5 per
Cents. 5,919 0 0
Mortgages 115,959 12 11
Loans, Bonds, and other Assets 164,780 16 9
Half Premiums on Loan 30,474 8 3
Agents' Balances 21,922 5 7
Lease of House and Furniture
Princes Street Property 46,500 0 0
Gracechurch Street Property 6,667 0 0
Interim Half-year's Dividend
Premiums due
Cash—
At Bankers 4,710 19 10
On Deposit 15,000 0 0
In Office... 371 111

£20,086 1 9

Total .................................... £490,889 10 7
London, April 12, 1866.

. _
The CHAIRMAN, in moving the adoption of the
report, said he should detain them but a very short
time, as the report, which had just been read, spoke
for itself--(hear, hear)—for it showed that their
income was gradually increasing, and that their
assets were going up with it. The management
of the funds, and the success of their business for
the past year, had been most satisfactory, as during
that period the annual income had risen to £1.71,994
4s. iod. (Hear, hear.) After the whole outgoings
of every description had been paid they
had been able to lay by upwards of £70,000.
(Hear, hear.) He felt all present would
agree with him that that had not been a
bad year's work, as they bad, in fact) saved 42 per

cent., which had been carried to capital. The
table in the report spoke most eloquently with
respect to new business, as from it it would be
seen their new annual premiums had risen from
£35,384 ls. 3d., in 1863, to £63,634 14s. 2d. in
1865. (Hear, hear.) The figures show nearly a
doubling of the business in the last three years,
but that high tide of prosperity could not be
looked upon as certain of continuance year
by year, as it would be expecting too
much. (Hear, hear.) The great feature
of the year had been the amalgamation
of the Britannia Life Office with the Briton. The
Britannia was an office that stood very high, but
the directors went into the matter with a determi-
nation
to sift everything thoroughly. The great
matter for consideration was the value of the busi- I
ness, and after their own actuary and another con-
sulting actuary had considered the matter, they
consulted an independent gentleman, viz., Mr.
Finlaison, and the result was, that the union was
recommended, and they had every reason to be
satisfied with it. (Hear, hear.) They had six
months' experience of its working, and the result
had borne out the anticipations of the directors
in every particular. They had added several gen-
tlemen of the highest positioh in the Briton—(hear, i
hear)—and among them were Mr. John Drew ett, 1
and Mr. J. Bevington, as trustees, and Mr. Millis - 1
Coventry had been elected to a seat in the direction,
which the directors recommended the meeting to
confirm. (Hear, hear.) They had introduced seve-
ral
new features into their prospectus for the year,
and removed several restrictions, with the desire of
making life assurance as simple as possible.
One of the alterations was to render all poli-
cies absolutely indisputable after they had
been five years in force—(hear, hear).—and with
respect to foreign residence, it was now open to all
to reside wherever they pleased by paying down
10s. upon every £lOO assured, which would in
effect be to convert them into whole world policies.
(Hear, hear.) They had made great exertions to
extend the Pusiness in Ireland and Scotland with
the best effect, but although all that had been done
they never could do too much. (Hear, hear.)
Their great desire was to do more, and in that desire
he hoped they would not be disappointed. He should
be glad to answer any questions that might be put to
him, and he would conclude by moving the recep-
tion and adoption of the report. (Hear, hear.)
Mr. FRANCIS WEBB said he seconded the motion
with the greatest pleasure.
The motion of the chairman was then put to the
meeting and carried unanimously.

The retiring directors were re-elected, and the
election of Mr. Coventry confirmed.
Votes of thanks having been awarded to the
directors, the medical officers, and the actuary (Mr.
Messent), the meeting terminated.

Reform Meeting at the Mansion-House.
(THIS DAY.)

-+-

A large meeting of the citizens of London was
held this day at the Mansion-house, when resolu-
tions in favour of the Government measure were
carried unanimously.

SPORTING INTELLIGENCE—This Day.

EPSOM RACES.—Tms DAY.

Christmas Carol.—
Gamma
Denmark

TRIAL STAKES.

Five ran. Won by a length and a half.
CITY AND SUBURBAN.

Delight
Brahma
Ostregor
Nineteen ran. Won by three lengths.
TWO-YEAR-OLD STAKES.

Cellina,....
'Storni=
Oddellow

Nine ran. Won by two lengths.
HEATHCOTE PLATE.

_
Godmersham .
Black Duchess
Vabalathus .

2

Fourteen rau. Won by three lengths.
LONDON BRIDGE STAKES.
Chicken 3lazard 1
Coleen
Bayard colt
Seven ran. Won by a. length.
INNKEEPERS' PLATE.
Qui Vive
Mongrel
Venturesome
Nine ran.
• Won easy.

LATEST BETTING,
TWO THOUSAND.
6to 4on Lord Lyon (taken)
Bto 1 agst Janitor (taken)