The Sun.
London, England, 1857-01-23 00:00:00

LONDON LIF LASSOCIATION.

A half-yearly court of this associaton was 'held on
King Wednesday at its offices, 81, William-strei it, city,
Mr. C. FRANKS, chairman of the directors, presi, tin
The auditors' report showed that the balance in hand
on the Ist of July last was 7,9891. ; the divi Benda re-
ceived upon funded property of the association remounted
to 14,247/. ; interest on money advanced on mortgage
and policies 45,5621. ; premiums on assurance,i of mem-
bers, first series, after allowing 74 per cent. re 3 uction to
those entith,d thereto, 65,6051. ; premiums on 7E) policies,
assuring 105,1901. on the lives of members :since June
last, second series, 4,0031. ; premiums on assurances of
I per.ons not member, 2,8561. ; repayment
.of money
advanced on mortgage and policies, 33,833 i ; sale of
15,0001. C6nsolidateu Three per Cen t.An nine a, 14,0151.;
sale of 10,090/. Exchequer Bonds, 10.054/. ;, and other
items, making up a total of receipts, 198,7?i3/. On the
other side of the account were the foilowing payments:
In discharge of claims on 50 policies, 69.95 W. ; purchase
of 11 policies, assuring 16,9001., 6,333/. ; advanced on
mortgage, 33,000/. ; advanced on policies of the asso-
ciation, 17,500/. ; fees to directors and auditors,
1,1061. ; sal..;•iee to the officers of the estaliishment
and medical officers, .i.,1201.; pension to Mr. Brooke,
2501. ; ground rent, law expenses, parochial rates,
stationery, , 8941. ; income tax, 3,791/. ; and pur.
chase of 50,0001. Exchequer bonds, 50,775/. ; there
was a balance left on the 31st of December amounting
to 13,827/. The following account as given of the
amount of funded property and other assets of the
association on the 31st December, 1856 ; Consolidates!. Three per Cent. Annuities. 12000/. ; Reduced Three
per Cent. Annuities, 62,0001. ; New Three per Cent.
Annuities, 55,0001. ; Exchequer Three and a Half per
Cent. Bonds, 165,0001. ; Bank Stock, 60,000/. ; Canada
debentures, 100,0001. ; advanced on mortgage,
1,843 8981. ; advanced on policies of the association,
238,5051. ; Government annuities for terms of years,
9,0001. ; deduct for re-investment on account of prin.
cipal, 7,9861. The annual income derived from the
above in the shape of annual dividends and interest on
mortgages was 112,3661. The gross amount of annual
premiums on 4,941 existing policies was 215,0274
There was interest now due on money advanced on
mortgage and policies, 9,1891. The house, furniture,
and fixtures in King William-street were valued at
15,839/.

The accounts were audited by Messrs. Allnutt, J. H.
Anderdon, Tyrrell, and Currie.
Mr. BAXTER said he did not wish to question the
accuracy of the accounts in any way ; but he thought
that, on submitting such a report, further information
should be given to the proprietors. Every one present
was aware of the want of harmony which had recently
prevailed, on account of the disposition of their surplus
oy the directors. That question had been settled by a
ballot, and he thought it exceedingly desirable that
every member should be made acquainted with the prac-
tical results of that decision, (Hear, hear.) What he
wished, therefore, was that the actuary should be asked,
to give returus, with as little delay as practicable—first,
of the amount of premium paid in by every member,
with compound interest; secondly, of the value of the
benefit, calculated upon the probabilities of life, which
stood to his ci edit in the books of the society, from the
adoption of the rule of Jan. 26, 1856, regulating the re•
duction of the premiums; 311 y, of the value of the advan-
tages which they would have derived if the rule proposed
by him (Mr. Baxter), carried by a show of hands, and
afterwards negatived upon a ballot, hat been carriedort.
He should cove this as an addition while moving the
adoption of the report.
Tee CHAIRMAN said be did not see hew such a resolu-
tion could be carried out.
Mr. BAXTER said that under the resolution of last
year, every old member would have a reduction of 10
per cent. on his premiums, below those paid by mem-
bers going after January, 1856, and it was exceedingly
desirable to know how this affected members
dually. He admitted that it might involve considerable
labour to do what he desired ; but he thought that nei.
ther labour nor expense should be ~pared to impart
valuable information to the members. (Hear.) He
should therefore persist in his motion.
Dr. WEBSTER seconded the motion, which he regarded
as one of peace. The late change by the act of the
ballot might seem to be equal, but nevertheless members
might have recourse to a different mode of oppoQition if
they chose, and a Court of Chancery might in such a ease
decide against the directors with regard to the distribu-
tion of the surplus, which he thought the directors now
at all events admitted there was.
The CHAIRMAN said there was no such surplus, bit at
the same time he was sure he, with all the directors,
was anxious to impart all possible information .to the
members. He, however, suggested that it was pnrsuing
an inconvenient course to combine such a motion with
one for the adoption of the auditors' report, and that it
would be better to consider them separately.
Mr. BAXTER agreed to this ; and the report having
been ordered to be entered on the accounts of the society,
Mr. Baxter's resolutions were considered as a substantive
motion.
The CHAIRMAN urged various objections to their adop.
tion, upon the ground that it would be difficult, if not
impossible, to furnish the returns as desired ; and that,
if posreble, it would only revive recent dissensions to do
as Mr. Baxter desired.
The discussion terminated in the rejection of Mr.
Baxter's motion by a large majority.
The CHAIRMAN then submitted a resolution to alter
the standing orders, for making out the annual general
account, and to provide that, in stating the credit side
of the ar..count, the amount of capital then held by the
society shall be ascertained by taking the value of the
funded property, Bank Stock, and East India Stock
belonging to the society at such sums or prices as shall
be equal to five pounds per cent. under the mean of the
highest and lowest prices of the same stocks respectively
which shall have prevailed during each of the three years
next preceding the year in which such valuation shall
be made.
Various modifications were suggested, but the resolu-
tion was adopted intact.
A. vete of thanks to the chairman closed the pro-
ceedings.

OPENING OF THE RAILWAY BET WLEN
TEOTIL AND WEYMOUTH.

On Tuesday the section of the Wilts and Somerset line
between Yeovil and Weymouth was opened for public
traffic. The line between Yeovil and Weymouth is 27i
wiles long. It centaiue 4 tunnels, gradients of lin 50,
and a curve with a radius of 25 chains. The strength of
engines was fully tested by au incline of 1 in 50, emu.
tuencine at Winterhays, near Yettninster, and confirm.
tag for three miles up to Holywell. Mere occure the
notorious tunnel which has given rise to so many rumours
throughout the last eight years. It runs for 220 yi rdi
through a loose green sand, filled with springs, which
were continually de!ugine the works, and !living rise to
rumours that tee tunnel had become impa,sable—had
fallen in—that the line would never be finished, &c.
11,wever, by a liberal use of draining pipes in all d reo•
tions, the water has been turned away from the tunnel,
and the stone and brick casing is considered substan-
tial. The tunnel has, besides its other unpleasant
associations, the inconvenience of being in a coufrtvhea,
but as it is near to the Evershot station the speed. .
of work alone has cost 150,0001., andf thato e
a cutting in-
steadtrains will never be excessive. It is said thatbtehtitserpatencde
cheaper job might have been maded
p 2 Out p
erhe t
r ccliPpaellllYe'ds
rran
goefmaea
sccute this unremnnere'ive
them to undertake and to e l
600 yards
long, and canning straight as an arrow, through a strong
tunnelti withhaadnto'ehelne landedforme
chalk. Under Pound bury is through-
work. At FramptonibthreretetualinnoetitNerot.u3n,naele
is the longest and largest tunnel,
• piece of work, but approached in either aay
a substantial
by a strong incline of lin 49. There are stations at
yettnivater, Evershot, Maiden Newton, Frampton, Der-
chalk, and at Ridgway
chester, an Weymouth. The two last handsome and
considerable stations—the latter, especially, being a mi-
niature copy of the Great Padditigton tertniuus, and
calculated for a far larger amount of business than
would suppose Weymouth capable
of producing. one
The country through which the line runs is not by any
means uninteresting. lan " Doreetshire Downs " are
seen under very advantageous aspects—here and there
eepeoially about Frampton, Maiden Newton, and Dor-
chester, relieved by our far-famed water-meadows, in
which a luxuriant herbage presents itself to the passen-
ger's eye. After emerging from the Frampton tunnel
this feature is to be observed in perfection, and the view
to the east of the line presents a picturesque piece of
scenery. We understand that either on Tuesday or
Wednesday next tlie Common C. unejl will invite the di-
rectors of both the Great Western and South Western
Railways to a grand public dinner.—Sherborne Journal.

EDINBURGH, PERTH, AND DUNDEE AND SCOTTISH CEN-
TRAL RAILWAYS.—Trattic return for the week ending
Jan. 18, 1857 £5,971 17 5
Corresponding week last year 5,9")4 9 $
On IVednekalay Mr. wakley held an inquest upon the
body of an infant who was suffocated by being shut up
in a foithog bedstead. A verdict of accidental death
was returned.

TREATMENT OF A TICKET-OF-LEAVE MAN. —A man
named John Knight, who was convicted at the adjourned
sessions, November, 1852, of Stealing a smock-frock,
&c,, at Belden, and sentenced to seven years' transpor-
tation, obtain,l an order of release on the 14th of Jan.
last for good cocouct ; he was re-committt d to gaol for
damaging an ash tree at Berdeo on ihe 20ci. D. cember
last, anti sentenced t:) pay 9, 2,1, or 00,4 calendar
month's bard labour lit default. Tiie partic. iars of his
case were duly reported to the Ilitme-dEe,e, and the
Secretary of State having revoked
release, he was yesterday convoy ed to Knights order of
' the Stirling Castle
hulk at Portsmouth, by a Soer•strest of —Eseca
ircrotcl

QTRAND TEi ENT Tl,E.—MAnager, Mc. T.
Payne.—Thi3 -Evening will be per.Ormed
THE JEW'S DAUGHTER.
Followed, by (fifth timb) TFIE PERILS OF CRINOLINE,
After which, the immensely successfal novel Burlesque
Pantomime of THE MAGIC MISTLETOE ; or, Harlequin
Flumbrig and the Shams of London. The Fairy C'nri,troas,
mim F, Wilton ; Good Humour, Miss Norbury ; Mercury,
Miss Cameron : Humbug, Mr. Herbert ; Cant, Mr. Bolton ;
Baron, Mr J. D. Johnstone ; Sir Roland, Mr, Clarke ; Lorl
Loyd., Miss Craven ; Addelp de, Miss Cuthbert ; C'rambo,
Master W. Edouin ; Lady Agnes, Miss E. Jacobs ; Baroness,
.4r. G. Lee ; Furbilosa, Mr. J. Howard. Novel Harle.
Miss Cnthbert ; Little Clown, Made:- W
Edon!n ; Pantaloon, Mr. J. Clarke ; Harlequin Miss Craven ;
Columbines. Miss E. Jacobs and Mdle. Collison ; Premier
Dansense, Mdle. Marie Charles.
New and magnificent Scenery, &c. New Curtain. New
Act Drop.
Commence at save'. Stalls, 35.; Boxes, 28. ; Pit, Is. ;
Canary, 6d.
A morning performance of the Pant3Laine only Monday
st two o'clock