The Sun.
London, England, 1850-09-17 00:00:00

No ,
• 10,091.] LONDON TUESDAY aT v
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DISPU'X'ZD rairr, POLICIE9.

" A trial of considerable interest to Life Assurance Offices and the
public was 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 advanee, the payment of which policy
was now disputed by the Albion, on the ground that at the time it
was effected the fact of the assured party having been a man of in-
temperate habits Was concealed from the office. The chief evidence
turned upon the question as to the degree of intemperance that had
been exhibited, and the result. was, that a verdict was givun 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
of the action being brought by one office against another presents a
striking illustration of the uncertainty which may attach to all po-
licies under the present system, and shows that the only mode by
which absolute security can be obtained by the public must lie in the
general adoption by Assurance Offices of the plan of protecting them-
selves in every case by dun inquiries before the grantinr' f each po-
licy, and of afterwards assuming the full responsibility o► the com-
pleteness of such inquiries by holding themselves precluded from
raising any future question. In the present case two offices are
found to he diametrically opposed in their opinions as to what can
properly invalidate a claim, and yet the public arc expected to be
able to guare 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
upon which the business is founded is the removal of uncertainty,
and whenever that principle I 3 counteracted in the slightest degree,
the people who would be the first to resort to its advantages are the
first to be deterred."—Times, July 11, 1850.

THE LONDON INDISPUTABLE LIFE
POLICY COMPANY
No. 72, LOMBARD-MEET, LONDON.
TRUSTEES.
1. Campbell Renton, Esq., M.P. Richard Spooner, Esq., M.P.
I Richard Malins, Esq., Q.C. James Fuller Mados, Esq.
William Wilberforce, Esq.

DIRECTORS.
Robert Henry Forman, Esq.
John Hamilton, Esq.
James Fuller Madoz, Esq.
John Matthews, Esq.
C. Octavius Parnell, Esq.
AUDITORS.
James Turner, Esq.
!David Henry Stone, Esq.

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

George Cumming, Esq.
William D. Starling, Esq.

SECRETARY—David Alison, Esq.
RANKERS—Messrs. Spooner, Attwoods, and Co.
•
PADDINGTON LOCAL BOARD.
24, Connqught-terrace, Edgeware•road.
Rev. James Sherbold Boone, A. 31 , Stanhope•street, Hyde-park.

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

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

Secretary, Chas. Hoghton, Esq.

The POLICIES of this-Company, being INDISPUTABLE, form
Family Provisions and Negotiable Securities, for their validity is not
dependent, as in the case of ordinary Policies, upon the import of
previous reports and other documents.
Owing to this important improvement in the practice of Life As-
surance, 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 Meeting will be forwarded,
on application, to Solicitors, to whom Commission is allowed.
ALEXANDER ROBERTSON, Manager.

NEW AND CIIEAP EDITION.
AR DENING
THE FRUIT, FLOWER, AND KITCHEN GARDEN.

By P.ViRICK NEILL, LL.D., F.E.S.E•,
Secretary to the Caledonian Morticultnral Society.
. _

Fourth Edition, Revised and Improved, illustrated with upwards e:

GO Woodcuts. Price 3s. Gd.
"One of the best modern books on gardening extant."—Loudon's
Gardener's Magazine.
" Practical gardeners and amateurs owe a debt of gratitude to him
for his excellent work on horticulture, which Is now one of the stand-
ard works on the branch of science of which it treats."—Professor
Dunbar's Speech in the Caledonian Horticultural Society.
A. and C. Black, Edinburgh; Longman and Co , London.

ARGYLL SUBSCRIPTION ROOMS, Great
Windmill-street, St. James's.

This splendid and magnificent Salle de Dance has RE-OFEEED
for the WINTER SEASON, with Laurent's celebrated :t.d
unrivalled Band. The Rooms during the rhort recess have been
entirely re-decorated umler the direction of G. F. Bryer, The Ma-
na::;ement beg to inform the Subscribers that they have concluded an
Engagement wi h Mons. BOULCOUIIT, from Paris, and Artiste
Attache to Mr. Strauss's Orchestra at the Baths of Vichy, France.
Terms of Sub3eription:—Six months, 51. 55.; one month, 11. Is.;
one evening, is.

Doors opcu at Half-past Eight, Dancing to commence at Nine pre-
cisely. The Academy cioses at Halt-past Eleven.

CREMORNE GARDENS,
On the Banks of the Thames at Chelsea.
Open Daily at Three o'clock.
ONE SHILLING ADMISSION.
Children, Half-price.
Sundays at Half-past Four. No charge for admission except by
Refreshment Carl —Sixpence. Children under Six years of age free.
Director, Mr. T. H. Simpson, Albion, Great Russell-street, Co-
vent-garden.

• - -
THIS DAY, September 17,
And TO-MORROW, September 18,
In addition to t'e usual Entertainments, a perfect repetition and re-
presentation or the Old English Sports performed before her Majesty
and Prince Albert, in celeoratiou oZ' the anniversary of the Birthday
of his Royal Highness Prince Alfred, at Osborne, August 6. No ad-
ditional charge tor admission. The Sports will commence at Four
o'clock, and conclude with a Morris Dance on the Platform by the
Ladies and Gentlemen of llerr Deulin's powerful Ballet Company.

_
First appearance of Signor Henri Zeleski, the Bottle Equilibrist.
Immense Success of Deulin's new Fairy Ballet. " The Origin of
Harlequin." New Groupings from the Antique. Dancing to
Borini's Band of Fifty Instrumentalists. Madame Antonio
will make her marvellous Ascent and Descent on the Rope amid
hurricanes of Chevalier Mortram's gorgeous Fireworks. Chattaway's
celebrated Brass Band. •

HE LATE LIEUTENANT GALE.

The Proprie' ors take this early opportunity of intimating that this
Establishment, with all its attractive resources, is placed, for one
day; at the service of the Widow and Eight Children of the late Lieu-
tenant Gale, the aeronaut, who's disastrous and lamented fate is re-
corded in the public journals. Due notice of the Benefit will be
given, and the co-operation of friends is earnestly solicited.
In active preparation, a Grand Chinese Fete.
On Saturday, for the future, the usual entertainments will be pre-
sented, instead of the Bel al Fresco, and the usual charge for admis-
sion restored, viz., Is.
NEPAULESE ARCHERY GROUND.
Ladies and gentlemen can here enjoy the health-promoting elegant
exercise of the graceful bow, with the advantage of proper instrue-
ion, gratis ! Shooting three dozen arrows before Five o'clock, Is. ;
after Five, GI per dozen Matches for Dinner, Wine, and a Prize
Bow are always open. Tickets, 10s. Gd. each, to he had of Mr.
Tcetgen, Archery Manufactory, 164, Bishopsgate street.
The Magic Cave—The Shooting Gallery—Burns's Cottage,
with Groups of Figures illustrative of his Works—Summer and
Winter in the Arctic Regions—The Maze—Statuary of the finest
Classical description—The American Giant—The Log Hut of the Ca-
lifornian Gold Diggers—Ancient and Modern Groupings, by Duffel,
&c., &c.
Be it recollected, on Sundays, admission by Refreshment Ticket,
Sixpence.
Never were these delightful grounds in such high perfection
as at the present moment. Visitors to London should not omit a
stroll 'neath the shade of the lofty trees and amongst the ♦ariegated
beds of flowers at Cremorne. Everything has been done to render
this magnificent place of amusement worthy the most extensive
patronage.
The attention of the French in London is particularly requested to
this metropolitan ducosse.
The grand Bowling Saloon of this establishment is open free to the
Public.
N.B. The Mammoth Sycamore, the Largest Tree in the World,
in the River Esplanade.
A Table d'llete on Sundays at Six o'clock—Half-a-Crown.
Cremorne can be reached by road or river for Cal.
A Boat leaves Battersea-bridge every Night after the Fireworks.

RAILWAY INTELLIGENCE.

READING, GUILDFORD, AND REIGATE.
The adjourded half-yearlv meeting of this company
was held at the offices, 2, Royal Exchange-buildings,
yesterday ; Mr. Gerrard (a director) in the chair.
After the usual preliminarie7
The CIIAIRMAN said he had much pleasure in in-
forming the proprietors that the company bad received
their dividend from the South-Eastern Company, and
the morey would be distributed among the share-
holders forthwith, perhaps in a week. He had to
apologise for the chairman of the company (Alderman
Salomons) not being present that day, on account of
his being detained in Germany on business ; but be
had desired him to state to the meeting that had he
felt any uneasiness at the present position of the com-
pany, he should have been there; but he considered
the late proceedings in the Court of Chancery as
utterly futile and abortive. He (Mr. Gerrard) was
not aware that he could say more on the subject than
what they had seen themselves in the reports of what
took place before the court, and the result of which
was, that the injunction sought was not granted.
But certainly that result might have taken place in
terms rather more flattering to the justice of their
cause ; for Lord Langdale spoke much of counter
equity, as if their cause was not good, except for that
counter equity. In all law proceedings there must
be more or less of uncertainty; but he could assure
them that their legal advisers (and there were none
better to be found in the world) were still as firm
and confident as ever in the conviction that their
lease was valid, and nothing on earth could disturb
it.—(Hear, hear.) Haring said this much, and the
money being put in the company's hands to pay the
present dividend, he would now ca'l on the secretary
to read the general account up to the present time,
and then they could go on with the resolutions
for carrying on the business of the day.
The SECRETARY then read the statement of accounts
up to the 21 inst.; from which it appeared that on
the capital account there had been expended
800,0001., and received 799,3241., leaving a balance
of 6761. to be received. The revenue account showed
that the receipts for the balf-year from the South-
Eastern Company
,amounted to 19,9021. Is. Bd., of
which 3,174/. 14s. 2d. had been expended for interest
on bonds, leaving 16,7271.75. fid. applicable for divi-
vidend, which at .ii per cent. would absorb 15,9891.
Ifis. 41, leaving a surplus.of 737/. 1 ls. 2d.
The CHAIRMAN then moved that the report and the
statement of accounts just read be received and
adopted.
Carried unanimously. :

Resolutions, declaring a dividend of per cent.,
less income-tax, cn the paid capital, and for changing
the periods of holding the two half-yearly meetings to
March and September, were then submitted to the
proprietors, and unanimously adopted.
In reply to a question from a shareholder,
The CHAIRMAN stated that, under a resolution of
the proprietors, the directors would continue to re-
ceive 1,0001. annually for their services, and that 300/.
would continue to be allowed them by the South-
Eastern Company for the management of the office of
the Reading, Guildford, and Reigate Company.
A short discussion relative to the legal proceedings
now pending with regard to the lease to the South-
Eastern Company then took place, in the course of
which the Chairman intimated that the litigation was
instituted by a private individual, who was formerly a
director in the South-Eastern Board, and the ground
of objection alleged against the lease was, th it the
Act did not allow this company to grant or the South-
Eastern Company to take a lease of this line. It was
sought by a mere legal quibble to upset an honour-
able agreement between men of business ; but even if
the decision was unfavourable to this company (of
which he had no fear), the South-Eastern Company
would be bound in equity and justice to adhere to the
bargain wbich,they had solemnly entered into. The
board of this company and the South-Eastern board,
he was happy to say, cordially co-operated i❑ resist-
ing this attempt, dictated by personal feelings, to dis-
turb the existing lease.
A vote cf thanks to the Chairman terminated the
business.