The Sun.
London, England, 1850-10-05 00:00:00

N°. 18,107.] LONDON, SATURDAY EVENING SUN, OCTOBER 5, 1850.

XIXFINUTBD LIFE POLICIES.

" A trial of considerable interest to Life Assurance Offices and tho
public wwa concluded yesterday- in "the Court of Exchequer. The
Eagle Company held a policy for an assurance of 5391. in the Albion
Company as security for an advance, the payment of which policy
Was now disputed by the. Albion, on the ground that at the time it
was effected thti fact of the assured party having been a man of in-
temperate habits was concealed from the office. The chief evidence
turne I upon the question as to the degree of intemperance that had
been exhibited, and the result Wag, that a verdict was given against
the resisting office, not only for the amount of the policy, but also for
401. interest from the date when it became due. The circumstance
or the action being brought by one office. against another presents a
striking illustration of the tincertainfy which may attach to all po-
licies under the. present system, and shows that the only mode by
wh ch absolute security con be obtained by the public must lie in the
general adoption by Assurance Offices of the plan of proterAing them-
selves in every case by duo inquiries before the gr:ntins-• f each po-
licy, and of afterwards .assuming the full responsibility of the com-
pleteness of sucli inquiries by liolding themselves precluded from
raising any future question. In the present case two offices are
found to he diametrically opposed in their opinions its to what can
properly invalidate a claim; and yet the public are expected to be
able to imam themselves against such contingences. Similar cases
have occurred before, and even if they were more rare, they would
.seriously injure the progress of life assurance. The very principle
spots which the business is founded is the removal of uncertainty,
arid whenever that princlple is Counteracted in the slightest degree,
the people who would be the first to resort to its advantages are the
first to bo deterred."—Times, July 11, 1850.

THE LONDON INDISPUTABLE LIFE
POLICY COMPANY
No. 72, LOMBARD-STREET, LONDON.
TRUSTEES.
f. Campbell Renton, Esq., M.P. Richard Spooner, Esq., M.P.
Richard 'Mating, Esq., Q.C. I James Fuller Madox, Esq.
William Wilberforce, Esq.
DIRECTORS.
Robert Henry Forman, Esq.
John Hamilton, Esq.
James Fuller Madox, Esq.
John Matthews, Esq.
C. Octavius Parnell, Esq.
AUDITORS.
George Cumming, Esq. Jawnes Turner, Esq.
William D. Starling, Esq. (David Henry Stone, Esq.

William Adams, Esq.
John Atkins, Esq.
Henry Augustus Bevan, Esq.
J. Thompson Bramwell, Esq.
Jehn Dankerfleld, Esq.

SZCIIETARY—David Alison, Esq.
BANizas—Messrs. Spooner, Attwoods, and Cis.
PADDINGTON LOCAL BOARD.
24, Connaught-terrace, Edgewareload.
Rev. James Sherbold Boone, A.M., Stanhope.atreet, Hyde-park.

Captain Creed, Norfolk-crescent, Oxford-square.
Charles Pemberton, Esq., Eastbourne-terrace, Hyde-park, and Lin-

- Inn-fields. -
Thomas Jervis Antos, Esq., York-street, Portman-square.
George Y. Eobspn. Esq.,.Eastbourne-terrace, Hyde-park, and New-
square, Lincoln's Inn.

Secretary, Chas. Hogkton, Esq.

The POLICIES of this Company, being INDISPUTABLE, form
Family Provisions and Negotiable Securities, for their validity is not
dependent, •ns in the case of ordinary Policies, upon thi import of
previous reports and other documents.

Owing to this Important improvement in the practice of Life As-
lurance, the progress of this Company has been rapid from the com-
mencement of its business, And is steadily advancing.

_Copies of the Report of the last Annual breeting will be forwarded,
on application, to Solicitors, to whom Commission is allowed.
ALEXANDER ROBERTSON, Manager.

CATHOLIC LAW AND GENERAL LIFE
ASSURANCE COMPANY,
8, NEW COVENTRY-STREET, LEICESTER-SQUARE, LONDON.
The FOURTH ANNUAL GENERAL MEETING of the Proprie-
tors of this Company took place on the 25th instant, at the Head
Office, at One o'clock precisely. The following is extracted from the
report, which is too lengthy for publication :
During the past year no claims have arisen from deaths in England,
and but two in Ireland—one for 5001. and the other for 281:1.—making
together 7001., which hare been paid. This is far below the expected
mortality, and is especially favourable, when it is remembered how
severely the life offices generally suffered from tha epidemic of last
year.
The number of lives assured between the Ist of June, 1649, and
the 31st of May, 1850, was more than double the number issued in
the twelve months preceding.
Proposals were made for 136 Policies, amounting to 52,9631.25. 6d.:
of these 123, comprising 106 lives, were accepted for 45,1251. 6s.
fiixteen Policies lapsed, representing 6,0481., upon which 3201. 31.
was received by the Company in the shape of premiums.
Since the commencement of the Company to the Ist of Tune last,
assurances were effected to the extent of 110,9721. 12s 6d., pro-
ducing in animal premiums 3,7321. 11s. 6d. Of these 54 lapsed,
amounting to 23,9501. 16s. 6d., of which the annual premiums were
7411. ls., leaving the yearly income on the Ist of June last equal to
2,9911, 1-ss. lid.
Since last meeting loans were applied for to the extent of 17,7001.,
but 1,1831. I Is. 10d. only was advanced.
The Directors were also highly gratified to report that within the
last four months they had considerably extended their business on
the Continent, having appointed, as Head Agent in France, Monsieur
de l'Etang, a gentleman of high standing in Paris, distinguished for
his integrity and ability in financial and in all assurance matters,
who, under the sanction and patronage of the Archbishop of Paris,
the Cardinal Archbishop of Lyons, and Monseigneur Paris's, Eveque
4e Langres, has already within the last three months effected a con-
siderable amount of business, not only in Life Assurances, but in An-
nuities both Immediate a.ud Deferred.
After various resolutions, approving of the Report, and returning
thiinks tO the Right Reverend Chairman, Bishop Morris, the Vice-
Chairman, Actuary, Secretary, and Medical Officers of the establish-
ment, the meeting separated, highly gratified at its present results
and future prospects.

SCOTTISH WIDOWS' FUND LIFE
ASSURANCE SOCIETY.
The high estimation in which this Society is held by the public
may be judged of from the fact, that during the last Twelve Years
the average amount of New Insurances effected has exceeded
HALF A MILLION PER ANNUM.
_ _

This Society commenced business in tho year 1815, and the accum-
mutation of Premiums since that date (after providing for emerged
claims, &c.), has' proiuced a
CAPITAL OF TWO MILLIONS TWO HUNDRED AND FOUR