The Sun.
London, England, 1857-06-12 00:00:00

LONDON, Fit IDAY EVENING, J UNE 12, 1857.

BANK OF DEPO IT.
NATIONAL ASSURANCE AND INVESTMENT
ASSOCIATION, •
No. 3, PALL MALL t' AST, LONDON, S.W.,
(Head Office) ;
No. 2, ST. ANDREW-SQUARE, EDINBURIH ;
No. 202, UNION-STREET, ABERDEEN ;
No, 8, CHERRY-STREET, BIRMINGHAM;
P, PAYILION-BUILDINGS. BRIGHTON ;
No. 61, I'D:II-STREET, LEWES;
No. 9, WESTMORF.LAND STREET, DUBLIN.
Es ablished May, 1844.
Empowered by Special Act of Parliament.
THIS Company was Established in 1844, for
the rurpose of opening to the pir lic an east- and unquestion-
ably safe mode of Investment, with a high and uniform rate of lute-
res'.
The plan of the Bank of Deposit differs entirely from that of ordi-
nary Banks in the mode of employing capital•—money deposited
with this 'Company being principally lent upon well secured Life
Interests, Reversions in the Government ,unds, or other property
of ample value. This class of securities, although not immediately
convertible, it is well known yields the greatest amount of profit,
combined with the-most perfect safety. Further, Loans made by
the Company are collaterally secured by a Policy of Assurance on
the life of the Borrower, or his nominee, effected at a rate of pre-
mium which secures the validity of the Policy against every pos-
sible con ingency.
Thus depositors are effectually protected against the possibility of
loss, whilst the large and constantly increasing revenue arising
front the premiums on Assurances thus effected yields ample profit
to the Company, and provides for all the expenses of managenlent.

DEPOSIT Acconyrs may be opened with sums of any amount, and
increaled from time to time, at the convenience of depositors•
A• receipt, signed by two Directors, is given for each sum de-
posited.

PRINCE ALBERT ROAD, N
ENY NATIONAL
CALLERS'.—In this delightful and desirable neighbourhood
AKE ,TO lig LET or SOLD several-select and-- elegantly finished
Resvdences; their architectural display is of the highest order, and.
the internal arrangements are everything that can ,possibly be de-
sired; in size tiwy are tuite I for the occupancy of both the Noble-
man and Gentleman; and the study of comfort has been the chief
object of the builder. This now most fasht noble part of London-
renders the locality ofthese buildings undeniable, being contiguous to
Kensington-gardens, with its beautiful walks, and Hyde-park, with
Ifs rides and &Ives: added to which the salubrity of the air of Ken-
sington-gore is prover' lat, and considered by the faculty the most
healthful in the vicinity of the metropolis. Apply at the Office, 1,
Prino.3 Albert-Voad, South Kensington,

Cheap Excurstms to Birmingham,
REAT- WESTERN RAILWAY.—
y. --
Wolverhampton, Chs.s=
ter, Birkenhead, and Liverpool, on Saturday, June 13th, from Pad-
dington, returning from Liverpool on \Veda sday, the 17th ; and
from Paddington on the 17th, returning from Liverpool on Saturday,
the 20th.. Time of starting from Paddington, 730 a.m.; ant from
Liverpool (Landing Stage) at 7'38 a.m. For time of starting from
intermediate Stations, sea hand •bills. • Farec—Oxford, 6s. 6d. and
45.; Banbury, Bs. and 55.; Warwick and Leamington, 10s. 6d.
and 68 ; Birmingham, 12e. and 75.; West Bromwich, ednesbury,
and 13iititon,' 12s. 6d. ai.d 7s. 6d.; Wolveihampton, 13s. and 83.;
Wellington and Shrewsbury, 17a. and lOs.; Llangollen Road and
Chester, IBs. 6d. and 1 ls. ; and Birkenhead and Liverpool, 21s. and
123.6 d.

PROVIDENT CLERKS' MUTUAL LIFE
ASSURM;tCw, AiSO.CIATIJN.

Established .184'.

TRUSTEES.
Thomas Baring, Esq., M.P. I Wm. Geo. Prescott, Esq.
Thomson Hankoy, Esq., M.P. Baron L.N de Rothschild.M.P.
Every description of life assurance and annuity business effected
daily.
This association has an accumulated 'fund of .. £BB,OOO "
An annual Income • • ....... .
Profits have been flivided to the extent of .... 15,000
And a third bonus wilt be declares dui ing the ensuing year.
Patsies effected on the Half-credit system. '
Chief Office, 15, Moorgate-street, London.
WILLIAM THOMAS LIYFORD, Secretary.

THE LIVERPOOL and LONDON
FIRE and LIFE INSURANCE COMPANY

Established 1836.
- Life Insurance may be effected with this Company on either of
two principles—a low premium and no Bonus, or a somewhat higher
premium with a t-uaranteed Bonus ; and on a great variety of plans
adapted to the convenience of individuals. The large Annuity
Business of the Company shows that the public apprecia.e its ample
security and its terms.
Fire Insurance at the usual rates. The premiums in 356 were
upwards of £220,000.
Respectable and influential agents are required where appoint-
ments have not yet been male.
Prospectuses and further information may be had on application
at the 1 flices of the Company, or to any agent. -

UNION ASSUR-ANCE SOCIETY,
Cornhill, and Baker-street, London ' •
College-green, Dublin; and Gronengen-street, Hamburg.
Instituted in the reign of Queen Anne, A D. 1714.
DIRECTORS, TRUSTEES, &C.
JOHN" REMINGTON MILLS, Esq.. CHAIRMAN.
HENRY ALDWIN SOAMES, Esq., DEPUTT-CRAIRMAN. .
James Bentley, Esq. John Paynter, Esq.
Thomas Bodley, Esq. John Rogers, Esq.
Daniel Britten, Esq. Henry Hutt, Esq.
Nicholas Charrington, Esq. George Spencer Smith, Esq.
S. Preston Child, Esq. ltichd. Horsman Solly, Esq.
William Gilpin. Esq. W. FOster White, Esq.
Thomas Lewis, Esq. Samuel Wilson, Esq., Alit
Thomas Mills, Esq., M.P. Stephen Wilson, Esq.
John m orley, Esq.
The Directors are ready to receive proposals for insuring every
description of Property in Great Britain and Ireland, including
hips in dock, rent of houses, loss by fire from lightning, and fann-
ing stock.

aware that the power was at an end. There was also a
clause which provided that if the trustees acted under
the opinion 'of Queen's counsel they should be absolved
from responsibility by taking. that opinion. These
&ad-see-referred to acts of omisision. He proposed in
cases where trustees ought to convert' property that
they should not be responsible where they had acted
innocently. He held .that persona 'benefleisry inter-
ested a remainder ought .to look after the pre-
party and do their best to protect an innocent trustee in
the execution of his duty. Difficulties sometimes arose
in respect to executors and administrators being sued for
debitedife•by the testator, after they paid over the funds
into the hands of the legatee's. -He proposed to relieve
executors being responsible to such ereditere, if he took
the same Reps which the coUrt,would have taken if he
had filed a bill—namely, advertise a certain day, before
which all Pr-editors must come in or be excluded. It was
most unjust to make a man who l:ed honestly paid every
shilling of4he funds illiiii-hands; liable to creditors who
had eillected to present their bills before payrut nt of the
legatee's: There was else other Pint to' deal with Where
'caws arose which 'at preeenkohliged trustees, to file hi 1.
in,Cbancery, he proposed, to.give him the summary power
to goto jiidge's chambers,, and take his opiuion on the
point-which had arisen in his admieistration. That enact-
went would save numerous suits, and prevent all quar-
rels, and be a great relief to persons acting as trustees.
Those were the main provislons'of the bill which he pro-
' posed-to rty Orethe table of their lordships' house. It
was an attempt to grapple with evils which no man had
hitherto made. He trusted that the measure would be
found on Consideratien to do something towards meeting
the exigencies of the case. (Hear.)
• L rd BROUGHANI,,though pleased with' the general
measure, objected tonertaiii points. He was glad that
a greet blst in the English law would be soon removed—
. viz., tbat‘the fact of trusteeship in place of
.an aggrava-
tion. was ,actually a defenoe against any action or prolie-
cution.for making away with trust funds. He had be-
fore mentioned a case where a person of high rank had
appropriated, the fortunes of the infants entrusted to his
guardianship, and dying iniolvent, left them on the pa-
rich. In Ireland a judge had eommitted the same rob-
bery, and sacrificed his infant wards. A committee
of-the Law Reform. Society had
.made inquiries, and
found -breaches of trust to. be eo numerous, that not
less than
_one-twentieth of all trust property was said to
be' made , away with by those entrusted with it. He
proposed that the Bankers' Act should be extended to
stewards, bailiffs, agents, and all parties standing in the
relation of bankers to a_trust fund. This plan might in-
clude the directors of public companies. They must be
careful, however, that in their efforts to remedy the
present disgraceful state of the , law, they did not injure
innocent trustees, and thus prevent respectable persons
from performing duties merely honorary. He did not
like the notion of paid trustees; poesiblyofficial trustees,
like official assignees, might •be found to do the work
better. •

Lord CAMPBELL opposed Lord St. Leonard's bill.
The LORD CHANCELLOR spoke of the measure
as one to be approved, but yet requiring grave con-
Fideration. Ile should support it to a second reading,
and then let it pause until the other bill came ep from
the Commons, RO that both measures might be con-
sidered simultaneously. The Government had not been
unaware of the difficulty of legi,lating on the subject,
under the present excitement ; but the measure intro-
duced into the other house had been prepared last year.
What had lately happened only showed more strongly
its necessity.

Lord CLIFFORD took the
.opportunity to point out
the unhappy condition of trustees made parties to a
Chancery suit. The Court of Chancery was a sink of
iniquity, its processes and proceedings a legalised
method of robbery. -The Lord Chancellor- was no more
aware 'of the iniquities of the Court of Chancery than
the Emperor of Russia was of the many robberies and in-
finite peculations of the Russian officials. The delay in the
-V.c.e!Chancellors'and the Master of the Rolls Courts was
.monstrous—so were thegoingson, the doings and undoings
of the judges' chambers. Those undercurrents and back-
waters of the law were a disgrace to the country, and an
odibits tyraOny over suitors. • Did the Lord Chancellor
-iatead-toyemedy this 1 Would he have a new staff of
offleere to work off these oppressive delays ?
The LORD CHANCELLOR could not hear the Court •
of Chancery abused, It was a real blessing to the coun-
try. .(liduch laughter.) He, bad heard complaints of the
Court of Chancery-7-00nd laughter.)—but always found
-on investigation that the advisers,of the suitors were to •
blame for not.going on,,and,net the forms of the court
-or their officers: .He had not. looked into the matter,
and therefore could not say whether Government were
about to increase the officers of the minor courts ; but he
had heard that the Vice-Chancellors' Courts were not so
bad as that of the Master of the Rolls. Talk of delays
now, the noble lord should have been in Chancery for-
meily.• The. officers in the • Vice Chancellors' Courts
would be increased, for the business had increased, as
-would-the .etiff of the Accountant-General's office.

Lord BROUGHAM observed that, in order to lay the
axe to the root of the evil parliament must ab•'lish the
Master's office, and itictesse the number of Vice-Chan.
cellors. • - •
The bill-was then read a first time, and
Their lordships adjourned at 10 minutes past 7.

HOUSE OF COMMONS.—(YEsTERDA.y.)
The SPEAKER took the chair at four o'clock. .
PRIVATE BUSINESS.

Tlfe-folldwing 1;11; were read a third time and passed :
--Banff, Portsoy, and Strathisla Railway ; Bridgwater
Markets and Fairs ; Tyne Inaprovemant ; and Water-
ford And Trainor° Railway.
The.following bill was further considered and ordered
to be read a third time:-Stratford-upon-Avon Railway.