The Sun.
London, England, 1868-03-23 00:00:00

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THE JUDGE AND TUE 1011:SIL
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PRICE 4d.
STAMPED sd.

A.D. 1720.

ROYAL EXCHANGE ASSURANCE
CORPORATION.
(Establishel by Charter of his Majesty George the First),
For SEA, FIRE, LIFE and ANNUITIES.
Offices—ROYAL EXCHANGE, London.
Branch 021,-.:e=2.J Pall Mill, S.W.

OCTAVIUS WIGRAM
JAMES STEIVAIa TIGDGSON, E
CHARLES JOIIN MANNING, ]
• DIREC
R.bert. Barclay, Esq. i
_

Esq Governor.
,sq Sub-Governor.
Esq Deputy-Governor.
;TORS •
Tetlow Itibbert,
Esq.
Wilmot Holland, Esq.
Egerton Hubbard, Esq.
Nevile Lubbocls Esq.
George Forbes ltalconison,
Esq.
Lord J osceline Wm. Percy.
Charles Robinson, Esq.
Samuel Lao Schuster, E,q.
Eric Carrington Smith, Esq.
Joseph Somes, Esq.
William Wallace, Esq.
Charles Sarin.. Young, Esq.
Luc' Solly,

ECONOMIC LIFE ASSbRANCE SOCIETY,

The annual general court was held on Saturday,
at the society's house, Nu. 6, Bridge-street, Black-
friars, to receive the auditors' report of receipts an,l
disbursements during the year 1867, and to elect
auditors for the present year; Mr. Ily. Barnett,
M.P., in the chair.

John Garret Cattlev, Esq.
Mark Currie Close, isq. •
111,vard James Daniell, Esq.
Davidson, Esq.
Lancelot William Dent, Esq.
Alexander Druce,
Frodk. Joseph Edl mann, Ezq.
Charles Hermann Goschen,
Esq.
Riversdalo- Wm. Gronfell,
Esq. •.
Fmucis Alex. Hamilton, Esq.
Robert Amadous Heath, Esq.
Medical Referee, Sam

The SECRETARY (alr. Grimes) having real the
notice convening the meeting, proceeded to read the
following statement of accounts for the year ending
31st December, 1867 :

CIOMP A GNIE GENERALE TRANS-
ki AMA \ UWE, 8, Place Vendome, Paris.

NEW YORK, via HAVRE and BREST.
The undermentioned Steamers Will sail every 14 days, as fol
lows:—

NAPOLEO 4 11, Paddle
VILLE DE 'PARIS Screw
PEREIRE. Screw
ST. LAURENT Screw
EUROPE Paddle
RATES OF PASSAGE.
Havro or Brest to New York, let class, £33 0 0
91 2d class, 17 0 0
It
11 3d class, 14 0 0
Agents—STRINGER, PEMBROKE, and CO.,
8 Austinfriars, E.G.

CONTRACTS FOR NORWAY SPARS.
Contract Department, Admiralty, Somerset
Howe, March 20, 1868.
rcHE COMMISSIONERS for EXECUTING
JL the OFFICE. of LORD HIGH ADMIRAL of the
UNITED KINGDOM of GREAT BRITAIN and IRE-
LAND" do hereby give Notice, that on TUESDAY, the
14th April next, at Two o'clock, they will be ready to treat
with such Persons as may be willing to CONTRACT for
supplying and delivering into Store, at her Maklsty's
several Dockyards,
10,950 NORWAY SPARS,

General Account.—Received : Assurance pre-
miums, £220,703 3s. 7d. (less commission
£7,720 lls.) ; interest on investments, £100,177
7s. 4d. (less income tax, £1,719 7s. 4d.) ; registra-
tion fees, £l4 ss. ; total, £311,454 17s. 7d.—Paid :
Assurance claims, £179,690 2s. ; annuity claims,
£2,750 10s. ; policies purchased, £7,850 4s. ; re-
assurance premiums, £324 16s. 4d. ; office expenses,
£10,151 ls. 11d. ; law charges, £736 16s. 6d. ; me-
dical fees, £264 Is. 6d. ; balance carried to invest-
ments, £109,687 ss. 4d. ; total, £311,454 17s. 7d.

NOTIOE.—The usual fifteen days allowed for payment
of FIRE PREMIUMS falling dui at Lady-day will expire
on the 9th of April.
FIRE and LIFE ASSURANCES may be effected on
advantageous terms. •
The Duty on Fire Assurances has been reduced to the
uniform rate of is. 6d. per cont. per annum.
No charge is made by this Corporation for Fire Policy
or Stamp, however small the Assurance may be.
FARMING STOCK.—No Extra Charge is made for the
use of Steam Thrashing Machines.
The Rever,ionary Bdnus on British LIFE POLICIES
has averaged nearly 2 per cent. per annum on the sum
assured. _ .

Assurance Fund.—Dr.: To balance, Ist January,
1867 (consisting of—funded property, £482,801 33.
2d. ; mortgages, £1,583,990 3s. 11d. ; loans on
policies, £125,887 103. ; reversions, £130,619 13s.
9d. ; life interests, £67,700 63. Bd. ; cash on hand
and on deposit, £11,557 17s. 7d.), £2,402,856 15s.
ld. ; to profit on reversions fallen in, £12,286 3s.
lid. ; to balance from geneial account, £109,687
ss. 4d. ; total, £2,524,830 4s. 4d.—Cr.: By ter-
minable annuities, £2,194 2s. 61 ; by balance, 31st
December, 1867 (consisting of—funded property,
£513,639 12s. ld. ; mortgages, £1,683,662 Os. Bd. ;
loans on policies, £127,491 10$. ; reversions,
£118,379 7s. 6d. ; life interests, &c., £57,761 3s.
sd. ; cash on hand and on deposit, £21,702 8s 2d.),
£2,522,636 ls. 10d. ; total, £2,521,830 4s. 4d.

by the 31st December, 1868.
The Spars (except such as may be rejected) to be
exempted from the payment of Customs duties.
A Distribution of the Spars, and the Form of the Tender
and Conditions of Contract, may be seen in the Lobby of
the Storekeeper-General's Department, Admiralty, Somer-
set House.
No Tender will be received after Two o'clock on the
day of treaty, nor will auy ha noticed unless the party
attends, or an agent for him duly authorised in writing.
Every Tender must be addressed to the Secretary of the
Admiralty, and bear in the left-hand corner the words
"Tender for Norway Spars," and must also bs delivered at
the Department of the Storekeeper-General, Admiralty,
Somerset House, accompanied by a letter signed by two
responsible persons, engaging to become bound with the
person tendering in the sum of £25 per coat. on the value
for the due performance of the Contract.

Equivalent reductions have been made in the Premiums
payable by persons who preferred that form of Bonus.
The Divisions of Profit take place every Five Years.
Any sum not exceeding £15,000 may be insured on one
Life. _ _ _

y.
This Corporation affords to the AsFured
Liberal participation in Profits, with the guarantee
of a large invested Capital Stock, and exemption
under Royal Charter from the liabilities of part-
. nership.
The advantages of modern practice, with the secu-
rity of an Office whose resources hare been tested
.by the experience of nearly a CENTURY AND A
HALF.

ROYAL EXCHANGE, LONDON.
ROBERT P. STEELE, Secretary.

OND ON, BRIGHTON, AND SOUTH-
COAST RAILWAY

THE ONLY ROUTE TO EPSOM DOWNS.
EPSOM SPRING RACES,
TUESDAY, March 24, and \VEDNESDAY, March 25.
The New Epsom Down Station is close to the Course.
The Fares to or from this station will in each case be 6d.
more than those quoted below.
Frequent Trains will run during both the above days
from London-bridge Victoria, Kensington, Clapham Junc-
tion, Battersea, Chelsea, and West Brompton.
On both days Ordinary Fares will be charged to Epsom
from LONDON-BRIDGE up to 11.15 a.m., from VIC-
TORIA (calling at Clapham Junction) up to 11.10 a.m.,
aCnhde Chelsea, at West Brompton,
viz.:—
ao,rnanKa
Battersea)E:KSlNGTuOpNto (callingl.s a.n3.,
Ist Claps. 2d Class. 3d Class.

By order,
ANTONIO BRADY,
Registrar of Contracts and Public Securities.

ARMY CONTRACTS.

Single journey ......... 2s. 3d. le. Od. is. 2d.
Return Tickets ......... 3e. Od. 2s. 6d. ... 2s. Od.

Those Return Tickets will not be available to return
from Epsom until after 6.30 p.m.
SPECIAL EXPRESS TRAINS

TENDERS will be received by the DIRECTOR
of CONTRACTS, War Office, Pall-mall, London,
until Twelve o'clock noon on the 26th instant, for the
SUPPLY of

will run direct to ,EPSOM and EPSOM DOWNS from
LONDON-BRIDGE and from VICTORIA (calling at
Clapham Junction) from 11.30 a.m. to 1.15 p.m.
Returning from EPSOM DOWNS from 4.0 to 6.0. p.m.,
and from EPSOM, old station, from 4.30 to 6.30 p.m. Be-
tween the hours of 11.30 a.m. and 6.30 p.m. the Ordinary
Trains from London and the Ordinary Trains from Epsom
and Epsom Downs will be suspended.
FARES PROM KENSINGTON, WEST BROMPTON,
CHELSEA, BATTERSEA, VICTORIA, OR
LONDON-BRIDGE.

Single Journey f'between the hours of 11.15 4s. Od.
Return Ticket I a.m. and 6.30 p.m. ) 7s. 63.

Trains leave Kensington for Clapham Junction at 11.26
a.m., 12.0 noon, 12.40 p.m., and 1.36 p.m., calling at West
Brompton, Chelsea, and Battersea, in connection with the
Special Trains from Epsom and Epsom Downs.
The Express Trains will consist chiefly of let Class
Carriages, but no parthtular class of carriages can be gua-
ranteed.
Passengers from Kensington, West Brompton, Chelsea,
and Battersea change at ClaphamJunction into the Special
Trains for Epsom.
Passengers from intermediate stations on the Croydon
and Epsom and the West End Lines must proceed to
Epsom by the Ordinary Trains, which will run up to
11.15 a.m., 11.10 a.m., and 11.5 a.m. respectively, as above
uoti Red.
Tickets may be obtained on and after Saturday, the 21st
March, at the London-bridge, Victoria, and Kensington
Termini, at the Company's Office, 43, Regent-circus, Pic-
cadilly, Tattersall's Subscription Rooms, Cook's Excursion
Oflice, 98, Fleet-street, E.C., Golden Cross, Charing-cross,
W.C., and Swan with Two Necks, Gresham-street, E.C.

FAIS INS, PERDRIX, ET VOLAILLE.
A LA NOBLESSE FILANcAISE.

JAMES CHAMBERLIN, POST OFFICE-STREET,
Norwich, Angleterre, fournit le Spanish Meal qui a
etc employe aVec le plus grand succes pour clever et
nourrir les faisans, les perdrix, &C. &c.
M. J. CHAMBERLIN vient de recevoir Is. lettre suivante
relative h son Spanish Meal pour clover les Faisans, de M.
le Vicomte do la Panouse, Inspecteur general des Forks
de la Couronne do Sa Majeste Imperiale Napoleon IL
Administration generale dos Domaines et
Forets de la Couronne, Compi6gne.
L'lnspocteur des Forets de la, Couronne h la residence
de Compiegne soussigne, certifie avoir employe h la nour-
riture des Faisandeaux le Spanish Meal provenant de la
Maison James Chamberlin de Norwich, et en avoir obtenu
les tneilleurs resultats.
Les Faisandeaux et les Faisans mangont tres Bien
cette subst%nce. Elle les rend tree forts et lour chair est
trey bonne.

Veuillez agreer Monsieur,
L'assurance de ma consideration distinguee,
Vte. A do la PANOUSE,
La Noblesse et les grinds Proprietaires sur le Continent,
au recu dos trois timbres de 40c. peuvent avoir franco un
Byte contenant les details relatifs h la nourriture des
oiseaux ci-dessus montionfies, avoc trois cents certificats,
les prix, &c. &c. L'addresser
Mons. JAMES CHAMBERLIN,.
Post-office-street, Norwich, Angleterre.

T)ARTRIDGE AND COOPER'
WHOLESALE MANUFACTURING STATIONERS, 182'
FLEET-STREET (CORNER OF CHANCERY-LANE), LONDON, E.O.
THE PUBLIC SUPPLIED AT WHOLESALE
PRICES.
CARRIAGE PAID TO THE COUNTRY ON ORDERS

SALE BY AUCTION, by M. Vincent
CHAPUIS, Solicitor, Lyons, place Imperialo 44, (to
which foreigners will be admitted), in ONE LOT. In the
sales court of the court of common pleas, Lyons (Tribunal
civil) of property belonging to copropriotors, majors and
minors, consisting oftheMINLS of Pyrite, Copper, Iron,
and Zinc at Chessy and Sain-Bel (RhOne) the grant of
which comprises 18,600 hectares, 46,960 acres, THE
WORKS OF CRESSY for the manufacture of chemical
productions and of all the landed property situated in that
parish, comprising about 82 acres. THE BUILDINGS
AND LANDS situated in the parishes of Sourcieux, Che-
vinay, Courzieux, Brussieux, Bessenay, Saint-Pierre-la-
Palud and Sain-Bel (Rhone), comprising about 82 acres.
MINES OF LA GIRAUDIERE, the right of which com-
prises about 741 acres. The right of seeking for mines
.at
Saint-Clement-sous- Valsonne, Grandis and Voltorte
(Rhone). WORKS OF ST.-PONS, parish of Venissieux
(Rhone), for the manufacture of chemical productions, and
of the landed property belonging thereto, comprising about
126 acres, served by a branch of the main railway line from
Paris to Lyons and the Mediterranean also. The lease of
the chemical works of M. Bouvard, senior, situated at
Saint-Fens parish of Venissieux (Rhone). WORKS OP
SAINT-CHRIST near Vienne (Isere), for the manufac-
ture of chemical productions, including the lease of
the buildings belonging to the mine and factory com-
pany, of the banks of the RhOne. WORKS OF L'OZE-
RAIE, near Avignon (Vaucluse), for the manufacture
of chemical productions, and of the landed property
belonging thereto, comprising about 71 acres. Also
the lease of the works of le Pontet, near Avignon
(Vaucluse). WORKS of MARENNES (Charente-Infe-
rieure), for the manufacture of chemical productions and
of the landed property belonging thereto, comprising about
49 acres. OF AN ESTATE CALLED DO COFFRE
and the rights of grant and seeking for mines, the whole
situated at Monconstant, in the parish of Callarcet (Ar-
ridge). OF A PIECE OF LAND comprising about 7
or 8 acres, situated at Bobigny, in the plain of Saint
Denis, near Paris. OF A PIECE OF LAND, situated
at Couternon (COte d'Or), of the grant, and right of seek-
ing for mines and of a piece of land, situated at Rochefort
(Promo). (The stock and implements of the mines and
works will be sold at the same time.)_ Ist Lot piece of
land and right of seeking for mines at Valsonno (Rhone).
2d Lot, right of seeking for mines at Chichilienne (Isere).
Sale to take place on SATURDAY, 25th of April, 1868.
To be put up at £280,000.
(Signed) VINCENT C3HAPUIS.
N.B.—Apply for particulars lo To Me CHAPUlS,prose-
cuting solicitor. 20 To Me. GERIN. 3o To Me RUBY,
colitigant solicitors.
TU, Record Office of the Court of Common Pleas, at
Lyons, where the conditions are deposited and may be
examined.
To the firm, quai Saint-Antoine, where all the title deeds,
documents, vouchers, inventories, and notes relative to the
property may be examined. Copies of the plans accom-
panying the conditions are deposited at the Firm. Plans
of the interior works of the °bossy and Sain-Bel mines
may be consulted in the offices at Sourcieux.

j_TOMELESS BOYS OF LONDON.—FUNDS
lA_ are earnestly solicited for the purchase of food and
clothing for the
126 boys on board the Chichester Training Ship.
150 boys in the Refuge, 9, Great Queen-street.
94 girls in the Refuges, 19, Broad-street, and Ealing

870 children.
£l5 will keep a boy or girl for one year.
Contributions received by the London and Westminster Bank,
214, High Holborn, and 41, Lothbnry, KC.; and by
WILLIAM WILLI a MS, Secretary.
No. 8, Great Queen-street, Lincoln's-inu-fields.

STATEMENT FOR THE YEAR 1867.—Number of
proposals received, 529 ; policies issued, 415 ; pro-
posals declined, 61; not completed, 53 ; number
of policies remaining in force at end of year, 9,436 ;
amounts assured thereon, £7,848,773 ; absolute
bonus, £718,954 ; total liabilities, £8,567,727 ;
sums assured by new policies, £418,640 ; amount
of new premiums, £14,018; total premium revenue,
£226,100 ; invested capital, £2,522,636.

rrHE RESCUE SOCIETY'S HOMES
are as follows :
For Fallen Women.
28, Church-row, Hamp- 150, New Kent-road.
stead. 48, Church-street, Stoke
13, Camden-street, Camden- Newington.
town. Maize-hill Cottage, Green-
-205, Great Portland-street. wich.
For Young Girls in Danger.
27, Church-row, Hampstead.
9, Henstridge-villas, St. John's-wood.
St. Mary's Lodge, Buckhurst-hill.
Country Home—St. James's- street, Dover.
Temporary Home-85, Queen-street, Cheapside.
The home at Great Portland-street is for young fallen
girls from 10 to 16. The committee ale deeply anxious to
open another house for this pitiable class.
The Society admitted to its homes last year 687 young
women and girls. It was compelled to refuse 524 appli-
cants, whose histories are recorded in the applicant's book.
In addition to the above-named homes, the Committee
have under their charge throe homes for servants of good
character, in which aro admitted about 1,000 friendless
servants annually.
The Society is underr the presidency of the Earl of
Shaftesbury. Its bankers are Messrs. Barclay .and Co.
The Committed very earnestly commend its work to the
benevolent. DANL. COOPER, See.
85, Quoeu-street Cheapside

STATEMENT OF CLAIMS ACCRUED.-011 164 poli-
cies assuring 140 lives in the sum of £169,818, in-
cluding bonus. Out of the 164 policies deter-
mined by death 147, assuring £124,702, carried
£35,917 bonus.
The CHAIRMAN said—Gentlemen, in rising to
propose the first resolution which is usual on these
occasions, I wish before entering upon the figures
which have been read, to advert to a circumstance
that has happened during the past year, affecting
in some degree the society, viz., the loss we have
sustained in the retirement from our service of Mr.
McDonald, the late secretary. We received his
resignation with great regret, he having for nearly
twenty years fulfilled the duties of his office with
great ability and zeal, and I am sure that you as
well as ourselves are exceedingly sorry to lose
him. (Hear, hear.) We have, however, been
fortunate enough to secure the services .of Mr.
Grimes, who has thrown his whole mind into
the business most cordially and energetically, and
we have every reason to believe that he will
prove an efficient successor to Mr. McDonald.
The figures, a statement of which is in your
hands, will, I think, require but little explana-
tion. They are drawn up in the same form as on
previous occasions, and speak for themselves. We
(the directors) consider the statement very satis-
factory. Last year, you will remember, I had to
apologise in some measure that the figures pre-
sented to you were not of so cheering and satis-
factory a nature as we had been enabled to
submit on many previous occasions. But I en-
deavoured to impress on the meeting that there was
no reason for despondency, for we were ourselves
well assured that, by the mode in which our calcu-
lations were made, we must have ups and downs in
our business, and that although there might be a
falling off in one year, there would in all proba-
bility be a recovery and counterbalance in after
years, which would bring up the business to the
average amount. I am happy to say that my anti-
cipations have been fulfilled more rapidly than I
could fairly have expected. The business of last
year, as you will see by comparing the pre-
sent figures with those of the previous an-
nual statement, has brought us up already to the
ground we had apparently lost. (Hear, hear.) The
nature of the business has also been highly satis-
factory ; we have had fewer proposals, it is true,
but the aggregate amount of the policies have been
larger, which is a magnificent fact. The number
of proposals made to us last year was 529, against
553 in 1866, or 24 less, and we issued last year 415
policies against 447 in 1866, or 22 less. But the
amount assured by them was in 1847 £40,000 more
than the amount
_assured by the policies taken out
in 1866—the totals being in 1867 £48,640 against
£378,570 in 1866 ; the average of the policies last
year was £l,OOB against £846 in 1866, and we
received in new premiums £14,017, against
£11,872 in 1866. This shows that last
year's business was of a very satisfactory cha-
racter, and I think that we may argue from it
that a certain amount of the commercial distress
which prevailed so extensively in the previous
year has passed away, and that people are
again able to apply their savings to life assurance,
and putting away for the benefit of their families
hereafter. At the same time we cannot consider
the last as a very favourable commercial year gene-
rally; but we find the state of commerce and trade
always reflected to a certain extent on the business
of this office. Another fact bearing on the same
point is that we have had fewer policies lapse from
non-payment of premium, and fewer brought to us
to purchase last year than in the previous year.
The total amount of premium received was, in 1867,
£226,000 as against £219,600 in 1866, being an
increase of £7,500. Then, taking the other side of
the question—in the claims paid we have also a
satisfactory result. In 1867, 164 policies be-
came claims, against 216 in 1866, and the
amount paid on such policies, including bonuses,
was £169,800 in 1867, as against £208,000 in
1866, and in point of fact was less by £38,000 than
the estimated amount we might have expected to
have to pay. You will recollect that in reference
to the year 1866, I stated with regret at the last
meeting that we had then for the first time, I be-
lieved, exceeded the estimated amount by about
06,000, so that now we have more than got back
to the amount, we might have expected. The
bonuses have also shoirn up pretty well. We have
paid as much as 115 per cent. on a policy during the
year, and the average has risen to 28.8 per cent. A
curious circumstance, too, has happened, which we
cannot account for, in connexion with the claims
that have arisen during the year, and that is that
the average age of death has been four and a
half years higher than in 1866. Looking at the
general state of the society, we find that the assets
have increased in the year by nearly £120,000,
which you will admit is a gratifying circumstance.
(Hear, bear.) We have now upwards of £2,522,000
- invested capital,
,against £2,403,000, as shown
by the accounts of last year. The total income
tlo society is now no leas than £536;000.

Of course the liabilities may appear large to
those who are unacquainted with life assurance
business, amounting as they do to £8,567,000, but
having £2,522,000 in hand, we believe we can show
our condition favourably as compared with other
offices; and the ordinary rough calculation made
by those who study She subject will show that we
are in a very satisfactory state as regards the secu-
rity we offer to our policyholders. (Cheers.) We
have for some years past paid great attention to the
investment of the funds, and it has been more than
once suggested to us here whether we could not, in-
crease the income of the society by laying out the
money in investments which pay higher rates of in-
ter, st. We have succeeded in doing so some extent,
and I am happy to say with every assurance that we
have thereby in no way jeopardized the security of
any part of the society's assets. (hear, hear.) We
have had investments offered paying
a high rate of
interest, but not considering them of that un-
doubtedly safe character we ought alone to invest
the funds of the society in, me have declined them,
and we are enabled consequently to say that upon
the whole we have the most perfect confidence in
the securities in which the money is invested, and
that it is yielding a very satisfactory return. The
directors are indefatigable in their attention to the
businessof the society, and doing all in their power
to promote its interests. I have on former occasions
drawn attention to the fact that in a mutual office
of this kind we all hang very much together on the
same string, and I would take this opportunity to
repeat that every man who is assured in this society,
by using his influence to bring new business, is
taking the most effectual means of improving his
property and adding to the bonus_ on his own policy.
Before moving the adoption of the report I shall
be happy to answer any questions that may be
put.

Mr. CURTEIS thought it might be satisfactory if
the chairman would state in what way the fresh in-
vestments alluded to had been made.

The CHAIRMAN—We have not so much taken any
new description of investments, as we have re-
frained from investing in the funds. We think we
have sufficient money in the funds to meet every
immediate requirement, and we have accordingly
availed ourselves of opportunities which occasionally
offer of putting out money on the mortgage of rates,
by which the interest is secured regularly, anct re-
payment of the capital in a certain number of years.
This is a class of investment which suits an in-
surance office very well, but does not suit bankers.
We get upon these investments 5 per cent. interest,
which helps up the small rate of interest we get
from the money invested in Consols. We also
bought some reversions some years ago, which have
turned out remarkably well, and we have made a
profit on reversions which have fallen in of £12,286.
Mr. CURTIES considered the explanations very
satisfactory. (Hear, hear.)
A POLICY-HOLDER—What is the average rate of
interest derived from the investments ?

The CHAIRMAN—That is hardly a fair question,
but I have no objection to state that it is between
4f and 4f per cent. We cannot expect to get much
beyond that, as it is necessary to keep always a
very large sum in immediately convertible securities,
which pay only a low rate of interest. I now move
that the statement and report be received, and en-
tered on the minutes.

Sir A. DUFF GORDON, Bart., seconded the motion,
which was put and carried nem. con.

On the motion of the CHAIRMAN £l6O was awarded
to the auditors for their services in the past year ;
and the auditors, Messrs. J. G. Stillwell, J. Howell,
R. Taylor, and H. Roberts were re-elected.
Mr. CUIITEIS said he was an old insurer of forty
years, during which time he had attended most of
the meetings, and al\N:ays felt great confidence in
the directors, who, although a little depressed last
year, had only shared the same fate of nearly all
the other offices. He had now the pleasing duty of
proposing a vote of thanks to the directors for their
extreme attention to the office during the past year.
Mr. BARRON felt it a privilege to second the
motion. He thought the assurers had every reason
to be satisfied with the exertions of the directors,
and he for one was glad to hear that their rate of
interest was no higher. (Hear, hear.) As a pro-
fessional man he knew the extreme difficulty of
getting a higher rate, and if it had been but one
penny over 5 per cent. he should have thought
their investments were placed in a questionable
position.
The motion was agreed to unanimously.

The CHAIRMAN said it was a pleasing duty to
return thanks for such a compliment, and on the
present occasion it was peculiarly gratifying, as it
had been moved by one of their oldest assurers,
who knew what bonuses had been declared, and
seconded by one of the youngest, who doubtless
looked forward with hope and confidence to their
operations in future years. (Hear, hear, and
laughter.) Ile hoped all their assurers would take
care to live as long as they could—(laughter)—
which would not only be a benefit to them, but an
alvantige to the office. (Laughter.)
Mr. CURTEIS then proposed a vote of thanks to
Mr. Downes, the actuary,
The motion having been seconded, was carried
unanimously, awl the Chairman, in contleying the
compliment to Mr. Downes, said it was one in
which the directors most cordially concurred.
Mr. DOWNES, in acknowledging the vote, said he
had been so long connected with the office that it
had become so much a part of his life that he felt
its interests and his own were identical. It was his
constant endeavour to find out anything that would
be advantageous to the society, and to remedy any
defect in its working that might be discovered.
The meeting then broke up.

THE HIGHLAND SOCIETY.

IDA ETTS'S CAPSULE PATENTS. —To prevent
ILO infringements, NOTICE IS HEREBY GIVEN,
that BETTS'S name is on every. Capsule he makes for the
principal merchants of England and France, thus enabling
vendor, purchaser, and consumer not only to identify the
genuineness of the capsule, but likewise the contents of
the vessel to which it is applied. The Lord Chancellor,
in his judgment on the Bth inst., said— ~

"That the Capsules aro not used merely for the purpose
of ornament, but that they are servicable in protecting the
Beer from injury and. insuring its genuineness."
Feb. 20, 1868.
Manufactories, 1, Wharf-road, City-road, London ; and
Bordeaux, France.

The anniversary festival of the Highland Society
of London was held at the Freemasons' Tavern on
Saturday, in characteristic fashion, and with more
than ordinary eclat. His Royal Highness the Duke
of Cambridge presided, and among the notables
present were the Prince of Teck, the Marquis of
Westmeath, Lori Saltoun, the Earl of Fife, the
Duke of Richmond, Hon. James Macdonald, Ad-
miral Dacres, Sir W. Ferguson, Bart., General Sir
John Law, Sir Samuel Baker, Sir P. Colquhoun,
&c. In speaking to the toast of the evening, the
Commander-in-Chief took occasion to refer to the
fact of the festival being held, in accordance with
honoured custom, on the anniversary of the glorious
day when Sir Ralph Abercrombie, in command of
an unusual proportion of Highland regiments, won
the important battle of Alexandria in 1801. The
deeds of Highlandmen that day—as they did befse
and have done since on other fields—showed the
devotion, the tact, bravery, and magnificent trust-
worthiness of the fine soldier. Recently the late
Lord Clyde won his peerage for service done with
Highlanders at Balaclava, and every man in the
ranks of the Highland regiments that were with Sir
Colin Campell on that occasion in the Crimea in
effect received a moral peerage when their general
—a representative man—became Lord Clyde. His
royal highness also descanted at length on the civil
bearings of the subject, and eulogised the operation
and results of the Highland Society of London,
which was instituted as a national body in 1778,
and incorporated in 1816, and which had been the
parent of so many beneficial kindred institutions.
According to custom at these festivals the company
were entertained with the sword dance, danced
with remarkable dexterity and grace by Sergeant
Grant, of the London Scottish, to the playing of
the national bagpipes by M'Lennan, the Earl of
Fife's piper.

llornintan's Pure Teas are Bd. per pound cheaper. Their
2,500 agents—confectioners in London, and chemists in
the country—are, constantly receiving fresh supplies of
these long-approved teas. Sold only in Rackets.

VSPAPEIi

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Justice and the high ,eriff of . _
and that upon one occasion his lordship expressed his
intention to fine him forneglecting his duty and treating
the court with disrespect. The proceeding gave 'rise to a
great deal of conversation, the occurrence being one
of an entirely unusual character. It would seem that
upon the occasion of the judges' arrival, the high
sheriff was not in attendance, and the judges
had to walk to their lodging, and that upon
proceeding to church the high sheriff very unceremo-
niously took possession of the seat of honour in the car-
riage, compelling the Lord Chief Justice to sit with his
back to the horses. There were aLso no trumpeters
engaged—whether from motives of economy or otherwise
does not appear, but the absence of these neces-
sary adjuncts to the proceedings of the assizes did not
seem to please either of the judges, who were both
very dissatisfied with the course that had been taken.
The consequence of this was that an intimation was
given by the judges that they would not require car-
riages, and on each morning they walked to the court,
leaving the sheriff to proceed thither alone. After
the little fracas of Tuesday, the Lord Chief Justice
treated the high sheriff with apparently studied neglect,
and the latter, who was told that he must attend in court
or be fined, was•compelled during the whole day to sit by
the side of the judge, who did not speak a word to him,
and upon one occasion, when the Chief Justice dropped a
paper and the high sheriff was about to pick it up, the
Chief Justice remarked, " Let it alone, sir," and picked it
up himself. During the whole sitting of the assizes this
state of things continued, and no attempt at reconciliation
was made when the business was concluded. It may be
dated that the under-sheriff was fined £2O Rpm the same
occasion that the Chief Justice threatened to fine the
high sheriff, but this flue, it appears has since been re-
mitted.

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