The Sun.
London, England, 1845-05-15 00:00:00

NATIONAL LOAN FUND
LIFE ASSURANCE SOCIETY.

The Annual General Meeting of the Proprietors
of the National Loan Fund Life Assurance Society
took place yesterday, at one o'clock, at the London
Tavern, Bishopsgate-street ; T. Lamie Murray, Esq.,
Chairman of the Directors, in the chair.
The CHAIRMAN commenced the proceedings by
calling upon the Secretary to read the advertisement
calling the meeting.
The SECRETARY having read the advertisement,
The CHAIRMAN said—Having now opened the
business of the day, the Secretary will read
the report which the Directors lave prepared for the
purpose of laying before the Proprietors. It contains
the results of the business transacted by the Society
during the year, and I hope you will find it satis-
factory.
The SECRETARY then read the following report :
SIXTH ANNUAL REPORT OF THE DIREC-
TORS OF THE NATIONAL LOAN FUND

LIFE ASSURANCE SOCIETY.
" It is most gratifying to the Directors, on the
occasion of the Sixth Annual General Assembly, to
have again the pleasure of meeting the Proprietors.
" In the reports of the two last years the Directors
thought fit to notice the industrial inactivity which
was then prevailing, and the corresponding effects felt
by the Society, in common with other similar institu-
tions. The Directors wished to impress on the minds of
the Proprietors the influence these causes have en
the well-being of life assurance societies, and the
intimate connexion between their prosperity and that
of private individuals.
" Since the last meeting, however, and more par•

titularly towards the close of the past year, this in-
activity has been succeeded by a better state of things,
and the class to whom life assurance has in conse-
quence become available, has not failed, in the exercise
of a wise precaution, to lay out a commensurate in-
vestment against the risks of life, from which this
Society has benefited.
" In reference to the constant vicissitudes to which
all states of society are subject, the principles of the
National Loan Fund Life Assurance Society should
never be lost sight of by the provident and thinking
part of the community, as policies taken out in times
of prosperity are thereby made subservient to periods
of adversity, against which no human foresight is en-

tirely secure.
" Owing to a combination of causes, and espe-
cially to a better appreciation of the just claims of
the Society on public favour, as well . as of the
stability which time has given to it, the result of its
operations since the last meeting has been such as to
lead to favourable anticipations of its increasing
future prosperity.
" At the last meeting it was stated by the Chair-
man that a disposition existed to encourage the esta-
blishments of the Society in other countries. The
Directors have felt it their duty to aid and foster
these manifestations, and although the time has been
short since some of these connexions have been
formed, yet so far as progress has been made, their
most favourable expectations have been amply
realised.

" The influence of this new field of operation will
be fully perceptible when the Directors shall have
again the pleasure of meeting the Proprietors.
" Since the last meeting the business of the So-
ciety has increased above 40 per cent. on the pre-
vious year in policies, and more than 50 per cent. in
the amount of risks. The total number of life poli-
cies now issued amount to 2,781.

" In the year preceding the last general meet-
ing the decrement amongst the assured amounted
to 10,720/. The total amount of claims then
paid, since the institution of the Society in 1837,
being 24,6681. 18s., which left a balance in favour of
the Society of the actual, under the expected mor-
tality, of 1,6911. 2s. In the last year the claims on
the Society have amounted to only 5,3391. 18s., while
the anticipated claims were 8,8581. So far as the
present year has progressed, still further evidence has
been afforded of the judicious selection of lives—it
being the constant desire of the Directors to direct
their attention to this point, as the surest stiurce of
profit to the assured and the Proprietors.
" The Directors, in conformity with the deed of
settlement, have caused the annual investigation into
the affairs of the Society to be made by the Actuary,
and it is now presented, together with the accounts of
the auditors, and will he read to the meeting. Fol-
lowing the plan of distribution laid down in the
preceding annual division of profits, of taking
one-fifth of the reserve fund for immediate distribu-
tion to the Proprietors and Policy-holders of five
years' standing the prosperous position of the
Society enables the Directors, after reserving 30 per
cent. of this sum, to divide amongst the Policy-holders
entitled to this distribution a reversionary bonus,
varying from 30 to 75 per cent. on the premiums, and
to the Proprietors a bonus of 21 per cent. on the past
year, in addition to the regular interest of 5 per cent.
already paid to them.
" The following table prepared by the Actuary
exhibits the amount of the three last annual bonuses
to which the holders of policies of five years' standing
have become entitled with the options of receiving
the same in cash, or by addition to their policies, or
in reduction of annual premium :