The Sun.
London, England, 1845-05-14 00:00:00

PALLADIUM LIFE ASSURANCE
SOCIETY.
7, Waterloo-place, Loudon.
DIRECTORS.
Sir John Barrow, Bart., F.R.S. Right Hon. Sir T. Fremantle,
Lord W. R. K. Douglas, F.R.S. Bart., M P.
Right lion. Sir Edward Ilyclo Henry liarrey, Esq., F.R.S.
East, Bart., F.R.S. 4ames Murray, Esq.
Charles Elliott, Esq., F.R.Sr Samuel Skinner, Esq.
Joseph Esdaile, Esq. P. Maxwell Stewart, Esq., M.P.
Sir William Young, Bart.
AUDITORS—Capt. C. J. Bosanquet, R.N.; Jas. Buller East, Esq., M.P.;
John Young, Esq., M.P.
BANKERS—The London and Westminster Bank.
PHYSICIAN—Seth Thompson, M.D.
The TWENTIETH ANNUAL GENERAL MEETING of this
Society was held on the 10th of April last, when a highly satisfac-
tory REPORT was laid before the Proprietors and Policy Holders,
and unanimously adopted.
Tho Public will see the advantage of selecting, in so important a
matter as Life Assurance, a well-established lace,
which, from its
continued prosperity, and its large additions to policies, offers the
greatest inducement to Assurers, combined with the undoubted se-
curity of a numerous and wealthy proprietary.
ADDITIONS TO POLICIES
]lowing Table shows the additions in
which had been in force for Fourteen
T,1838:

The fol
5,000/., 1
Decembe

Age at
COlll-
-
ment.

Premiums paid in
the Fourteen
Years. •

41,192 18 4
1,350 8 4
1,525 8 4
1,682 18 4
1,869 11 8
2,094 3 4
2,377 1 8
2,727 1 8
3,173 6 8

£586 6 7
681 2 7
768 5 1
787 2 8
813 15 6
854 6 5
923 18 1
1,011 2 9
1,129 15 7

lade to Policies for
Fears, to the 31st

Total Sums now
payable in case of
death.

£5,586 6 7
5,681 2 7
5,768 5 1
5,767 2 8
5,813 15 6
5,854 6 5
5,923 18 1
6,011 2 9
6,129 15 7

fits is added to Policies entitled, every seventh year;
A bones of Four-fifths, or Eighty per Cent. of the estimated pro-
or an equiva-
lent reduction made in future 1 remiums.
The Third Septennial Division of Profits will be declared, to the
31st December, 1845. Persons Assuring previous to that date will
have their proper tion of profit appropriated.
Parties travelling in Europe, by sea or land, in time of peace, are
not charged any extra premium.
Applications for Agencies in places where none are established to
be addressed to the Secretary.
NICHOLAS GRUT, Secretary and Actuary.

BRITANNIA LIFE ASSURANCE COM-
PANY, 1, Princea-street, Bank,
don, March 1, 1845. and 448, West Strand, Lon-
Notice is hereby ' given, that in pitrsuance of a resolution passed
unanimously at two successive General Meetings of Proprietors, a
MUTUAL ASSURANCE BRANCH of this Institution has been
established on terms peculiarly advantageous to the Assured, and
that such Branch is supported by the entire subscribed capital of the
Company, together with the accumulated fend of Premiums derived
from upwards of Six Thousand Policies, already effected in the Pro-
prietary Branch.
Full particulars are stated In the Prospectus, which, with every re-
quisite information, may be obtained on application at the office.
PETER MORRISON, Managing Director.

To tho PROPRIETORS of the BRITANNIA LIFE ASSURANCE

COMPANT.

GYNTLEMEN,—In calling your attention to the annexed Notice of
the establishment of a Mutual Assurance Branch, I beg leave to
address a few observations to you relative to the past transactions,
and the probable result of the proposed extension of the operations of
the Company.
ciisi_eonsityablished necessary fbr me to state, that two
Life Assurance Companies
That the " Britannia" Company has enjoyed the decided and (I
trust I may be permitted to say) deserved approbation of the public,
Is clearly proved by the unprecedented fact of upwards of 6,000
policies having been issued in the short space of eight years. Ia
order, however, to show the high degree of credit and influence pos-
sessedhtahly b y
respectable the
Company,and
well-established
t
have successively transferred their business to this establishment.
The former of these tra nsfe rs took place in the year 1840; the
latter in the course of the past year.
vofu di islh_i n y approved by, two succes-
sive is in consequence of this last-mentioned transfer, which included
haftoferthiet
a large number of Policies effected on the mutual assurance plan, and
also in consequence of the numerous applications for Assurances on
specify convened on the
ae ilo,
niculeuti
Mutual
los
f,:thh aetc(llanim
claims
Policy-holdersh e
o i their
this plan, which they have hitherto been compelled to decline, that
in
thet h
MutualPr Prospectus,
the Directors at length
plansdetermied on the establishment of a Mutual
oh,
ea ,Tdsouhr
(i
been:a.
gnen enc.
ice
General
era: Branch,iieesubmitted
objectiont
completely
tn t tegn,s tati toon of Proprietors,
u n planr
removed
nmi set_mo
Mutual Assurance 4
infancy, at least) they do not afford that complete security to the
onlynadllfotrhtehesecurity afforded by an old
Assured which is supplied by the subscribed capital of Proprietary
protected by the entire subscribed capital of the Proprietary Branch,
bet the large and continually -illefeasing fund, accumulated from the
Premiums on 6.ooolicies already effected in that Branch, consti-
E. sßteiatt'lainshnmiae"nCtso'mpany ; for not only are tph
established office, and, at the same time, become entitled to all the
benefits to be derived from that system of Mutual Assurance which
tutoie Assured,
zan immediately
who
willa
thusva i I a bent ej
experience has proved to be at the same time the safest and the best.
Another serious objection to the Mutual Assurance Plan (as gene-
rally acted on) is the high rate of pfttremium required to be paid, in
tim fist instance, in order to form a nd—not only for the payment
of the claims, but also for the distribution of large bonuses among the
policy-holders. This objection also is entirely removed by means of
the half credit system detailed in the prospectus.
For, by allowing
half the amount of the first live annual premiums to remain for five
years in the hands of the person assured,and applying the bonus (to
which he would otherwise become entitled) to the gradual liquida-
tion of the debt thus incurred with:the Company, the policy-holder
enjoys the rare advantage Of a verya
hill pas
rate of premium, in the first
instance, combined with that of ill participation, eventually, in
the profits. this opportunity of
In availing myself of e congratulating my co-
shareholders on the extraordinary success which hitherto has at-
tended the operations of the Britannia Life Assurance Company, I
trust J shall, at no very distant period, have still ffirther to congratu-
late them on the complete success of the Mutual Assurance Branch,
which, after the most anxious care and attention, has boon founded
on a plan calculated, in every possible way, to benefit and accommo-
date the public. , Directors conclude I cannot, in justice to the this address without
nailing your
toeattntion to the able and cordial oo,cperation which has
been afforded me on their part, not only on the present important
occasion, but also in every other instance in which their advice and
assistance have been needful fbr promoting the interests of the Intl-
tution. I have the honour to be, Gentlemen,
Your most obedient Servant,
/wait moRRISON, Managing Director.
, Britannia Lttil Office ,l, Princes-street, Bank,
I. I.ron4og ,200; Marsh; ;WI