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

LONDON, FiaDAY EVENING, JCI N' 12,. 1857.

RANK OF DEPO -IT.
NATIONAL ASSURANCE AND INVESTMENT
ASSOCIATION,
No. 3, PALL MALL EAST, LONDON, S.W.,
(Head Office) ;
No 2, ST. ANDREW-SQUARE, EDINBURe
No. 202, UNION-STREET, ABERDEEN ;
NO, 8, CHERRY-STREET, BIRMINGHAM ;
No. 9, PAyILION-BUILDINGS. BRIGHTON
No. 61, 11 IGH-STREET, LEWES •
No. 9, WESTMORELAND STREET, DUBLIN..
Esiabllsbed May, 1844.
Empowered by Special Act of Parliament.

THIS Company was Established in 1844, for
the rurpose of opening to the public an easy 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-
na•y Banks in the mode of employing capital—money deposited
with this. Company being principally lent upon well secured Life
interests, Reversions in the Government Funds, 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
los., whilst the large and constantly increasing revenue arising
from the premiums on Assurances thus effected yields ample profit
to the Company, and provides for all the expenses of management.

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

pa GR HANDEL- FESTIVAL.-
The Navy Blue Coat .••
.•• . • £2 1
—°N;
The New Summer Tr ".• 1,
A-
... •
The Baden Waistcoats, two -••....• • . • " • • I g.
Excellence with Economy.
George llobsm, 57 Lombard-street.

pRINCE ALBERT ROAD, NEW NATIONAL
GALLERY.—In this delightful and desirable nelghbourlissood
AE TO DE LET or SOLD several select sad elegantly flnist,ed
ev Ing that can possibly be
Res•dences; their architectural display is of the highest order, stud
the internal arrangements are erytit
,de-
sired; in size tit y are r trite 1 for the occupancy of both the No'bfe-
man and Gentleman, and the study of comfort has been the chief
object of the builder. This now most fish! ruble part of Lortclkm
renders the locality of these buildings undeniable, being contiguous to
Kensington-gardens, w:th its beautiful walks, r.nd Hyde-park, wiqh
Its rides and dives added to which the salubrity of the air of Kea t-
sington-gore is proverial, and considered by the faculty the nisaf.t
healthful in the vicinity of the metropolis. Apply at the Office,. 1,
Prinz Albert-Road, South Kensington.

REAT WESTERN RAILWAY.--
At A Chain Excursi,ms to Birmingham, Wolverhampton, Ch.e s-
ter, Birkenhead, and Liverpool, on Saturday, Juno 1311, from i--aii-
dington, returning from Liverpool on. Wedn oday, the 17th ; and
from Paddington no the 17th, returning from Liverpool on Satin, is y,
the 20th. Time of starting from Paddington, 7'30 a.m.; en
Liverpool (Landing Stage) at 7.38 a.m. For time of starting from
intermediate Stations, see.hand bills. Fare,:—Oxford, 6s. gd. nod
45.; Banbury, Bs. and 55.; Warwick and Leamington," 10s. Gd.
and Gs • Birmingham, 12s. and 75.; West Bromwich, edneshaw,
and Bilkton, 12s. GC a•td 70. Gd.; Wolverhampton, 13s. and As.:
Wellington and Shrewsbury, 17s. and 10s.; Llangollen Road And
Chester, 18s. 6d. and Us. ; and Birkenhead and Liverpool, 21s. ;and
128.6 d.

PROVIDENT CLERKS' MUTUAL LIFE
ASSURANC g A ;80C EAMON •

Established 1843.
TantwEs.2: •
Thomas flaring, WaL,Geo. Prescott, Esq.
Thomson Hankey, Esq., 3f.P. I Baron L.N de Rothschild, 3f.P.
Every description of life assurance and annuity business effbcted
daily.

This association has an accumulated fund of .. £BB,OOO
An annual income..
Profits have been divided to the extent of ... 15,C00
And a third bonus will ha declarer diving the ensuing year.
Policies effected on the Half-credit system.
Chief Office, 15, Moorgate-street, London.
WILLIAM THOMAS LINFORD, 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 Et somewhat higher
premium with a • uaranteed Bonus ; and on a great variety of plans
adapte I 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 1855 were
upwars of £220,000.
Respectable and influential agents are required vhere aopoint-
ment. have n,,t yet been ma!e.

Prospectuses and further information may be had on appfleation
at the ffiees of the Company, or to any agent.

UNION ASSURANCE SOCIETY,
Cornhill,, and Baker-street, London •
College•green, Dublin; and Croncngen-street,HambnrC.
Instituted in the reign of Queen Anne, A D. 1714.
DIRECTORS, 'TRUSTEES, &C.
JOAX RE nINGTON MILLS, Esq.. CHAIRMAN.
lIENRY ALDWIN SOAMES, DEPUTY-CHAIRMAN.

James Bentley, Esq.
Thomas Hodley, Esq.
Daniel Britten, Esq.
Nicholas Charrington, Esq.

S. Preston Child, Fsq.
William Gilpin. Esq.
Thomas Lewis, Esq.
Thomas Mills, Esq., M.P.
John morley, Esq.

John Prynter, Esq.
John Rogers, Esq.
lisnry Butt, Esq.
George Spencer Smith, Esq.

El _
orsmln Say, Eat.
W. Foster White, P.sq.
;•anntel Wilson, Esq., Aid.
Stephen Wilson, Esq.

The Directors are ready to rec'ive proposals for insuring every
description of Property in Great Britain and Ireland, including
hips in dock, rent of houses, less bi fire from lightning, and faros,-
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 lie absolved
from responsibility by taking that opinion. These
clauses referred to acts of omission. He proposed in
cases where trustees ought to convert property that
they should not be responsible where they had acted
innocently. He held that persons benefiLiel y inter-
ested in a remainder cught to look atter the pre-
perty and do their best to protect an innocent trustee in
the execution of his duty. Difficulties sometimes arose
in respect to executors and administraters being sued for
debts -due by the testator, after they paid over the funds
into the hands of the legatees. He proposed to relieve
executors being resporleiLle to such creditors, if he took
the same steps which the court woull have tekee if he
had filed a bill—namely, advertise a cer ain day, before
which all creditors must come_ in or be excluded. It seas
most unjuA to make a man who tad honestlyieeid every
shilling of the funds is his hands, liable to creditors who
had 0-grlected to present their bills before payment of the
legatees. There was one other point to deal with Where
cases arose which at present obliged trustees to file
in Chancery, he proposed to give him the summary power
to goto jedge's chambers, and take his opiuion on the
point which bad arisen in his administration. That enact-
ment would save numerous suits, and prevent all quar-
rele, and be a great relief to persons acting as trustees.
Those were the main provisions of the bill which be pro-
posed to .lay on the table of, their lordships' house. It
was an attempt to grapple with evils which no man bad
hitherto made. He trusted that the measure would be
found on consideration to do something towards meeting
the exigencies of the case. (Hear.)
L H BROUGHAM, though pleased with the general
measure, objected to certain points. He was glad that
a greet slat in the English law would be soon removed—
viz., that the fact of trusteeship in place of an aggrava-
tion was actually a defence against any action or prose-
cution for making away with trust funds. He heti be-
fore mentioned a case where a person of high rank had
appropriated the fortunes of the infants entrusted to Lis
guardianship, and dying insolvent, left them on the pa-
rish. In Ireland a judge had eoremitted 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 so 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; poseiblyofficial 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-
'-ideration. He should support it to a second reading,
and then let it pause until the other bill came ,np from
the Commons, so that both measures might be con-
sidered simultaneously. The Government bad not been
unaware of tha difficulty of legi.hting 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 t) 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 Rus<ia was of the many robberies and in-
finite peculations of the Russian officia!s Tne delay iu the
Vice-Chaucellors' and the Master of the B slit Courts was
Monstrous—so were the goings on, the doings and undoiegs
of tbe• judges' chambers. Those undercurrents and back-
waters of the law were a disgrace to the country, and an
odious tyranny over suitors. Did the Lord Chanut-11
intend to remedy this f Would he have a ❑ew staff of
officers to work off these oppressive delays ?
The LORD CHANCELLOR could not hear the Court
of Chancery abused. It wai a real Wessing to the cow,-
try.- (Much laughter) He had heard complaints of the
Curt of Chancery—(loud laughter)—but always found
on investigation that the advisers of the gaiters were to
blame for not going on, and not :the forma 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 cf dd. iys
now, the noble lord should have been in Chancery for-
in4rly. The officers in the Vice Chancellors' Courts
ould be increased, for the b,isiness had increased, as
owo 44,1,tbe emff of the Accountant-General's office.

Lord BROUGHA4K-observed that, in order to lay the
axe to the root of the evil parliament must ah .lish the
Master's office, and increase 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.—(YEsTaRDAY.)
The SPEAKER tlok the chair at four o'utock.
PRIVATE BUSINESS.

The following bills were read a third time and passed
—Banff, Portsoy, and Strathisla Railway; Bridgwater
Markets and Fairs ; Tyne Improvemant ; and Water-
ford and Tramore Railway.
The following bill was further considered and ordered
to be read a third time:—Stratford-upon-Avon Railway.