The Sun.
London, England, 1845-05-03 00:00:00

To the PROPRIETOR3'of the BRITANNIA LIFE ASSURAN,

observations t
0174;
et to
proposed
optost relative at
extensionive to
COMPANY.
GENTLEMEN,—In calling— your attention to the annexed Notice of
and addresste aprofel;avblee
the establishment
.of a Mutual Assurance Branch, I beg leave to
the Company.
That the "Britannia" Company has enjoyed the decided and (1
trusiT may be permitted to say) deserved approbation of. the public,
is clearly proved by the unprecedented fact of upwards of 6,000
theo
fpathset
operations transactions,of
Policies having been issued in the short space of eight years. IA
order, however, to show the high degree of credit and influence pos-
sessed by the Company, it is only necessary fur me to state, that two
highly respectable and well-established Life Assurance Companies
have .011ceessively transferred their businesS to this establishment.
The former of these transfers took place in the year 1840 ; the
latter in the course of the past year.
It is inconsequence of this last-mentioned transfer, which included
a large number of Policies effected on the mutual assurance plan, and
also in consequence of the numerous applications for Assurances on
this plan, which they have hitherto been compelled to decline, that
the Directors at length determined on the establishment of a Mutual
Assurance Branch, -on the plan set forth in the Prospectus, a
suftcces-
er it
had been submitted to, and unanimously approved by, two
rive General Meetings of Proprietors,
specially convened on the
occasion:
The general objection to Mutual ASsurence Societies, that (in
to the
their
infancy, at least) they do not afford that complete security
Assured which is supplied by the subscribed capital of Proprietary
Establishments, is completely removed in the Mutual Branch of the
"Britannia" Company ; for not only are the Mutual Policy-holders
protected by.the entire subscribed capital of the Proprietary Itranch,
bat thelarge and continually-increasing fund, accumulated from the
PremiuMs on 6,000 Policies already effected inn that Branch, consti-
tutes an immediately available fund for the payeet of the claims of
the Assured, who will thus enjoy all the security afforded by an old
established office, and, at the same time, become entitled to all the
benefits,i6:be 'derived • from that system of Mutual. Assurance which
experience has proved to be at the same time the safest and the beet.
• Another serious objection to the Mutual Assurance Plait (as gene-
rally acted on) is the high rate of premium required be paid, in
the first instance, in order to firm a fund—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 five mutual premiums to remain for five
years lit the hands of the person assured, and applying the bonus (to
which he would otherwise become entitled) to the gradual liquida-
tion .of,tha debt thus incurred with the Company, the policy-holder
enjoys' the' fare advantage of a very low rate of premium, in the first
instance, combined with that of a MU participation, eventually, in
the profits.
In availing myself of this opportunity of congratulating my co-
shareholders on the extraordinary success which hitherto has at-
tended the operations of the Britannia Life Assurance Company, I
trust I shall, at no very distant psriod, have still further to congratu-
late them on the complete success of the Mutual Assurance Branch,
which, after the most anxious care and attention, has been founded
on a plan calculated, in every possible way, to benefit and accommo-
date the public.
I cannot, in justice to the Directors, conclude this address without
calling your attention to the able and cordial co-operation which has
been afforded to me on their part, tint only on the present important
occasion, but also in every other instance in which their advice and
assistance have been needful for promoting the interests of the usti-
tutiou. I have the honour to be, Gentlemen,
Your most obedient servant,
PETER MORRISON, Man •
aging Director.
Britannia Life Office, 1, l'rinces-street, Batik,
London, 20111 March, 1845.

158, Oxford-street,
purchase from them
fouthe act, and lot the fol-
.----
311 F LLE R
Ciltnodner jof°3lNarEyleStlne-lane.
WORKING MEN', beware of those who offer you clothing at what
you in your reflections :
Very cheap cloth is made chiefly from old woollen rags torn up
alroepwtpkeiciaitgr s4raitelottts.bea
se
os,:i•settrhye 10wi,,0 Prices.moral
e°ls
egtenfocrees
oy
and re-manufactured.
Low-priced, but rotten, clothes, are made from this cloth, by un-
who receive for their labour a most
fortunate men and women,
wretched pittance
The advantages ofotis thise
fra
it—u d
hen anced oppression anes re enand ptirely
alace-like
absorbed
by the men whopra
Preltniresycso'i; working men inclined to be the encouragers and the dupes
of such dealing?
Are you disposed to assist these mciht in grinding the fa ces ofthe poor •e
Pay no attention to the puffs, w ether in prose or doggrel, that
recommend these abominations.
.Messrs. MILLER and JONES submit tho following as the lowest
prices at which an honest article can be honestly sold :-
4. s. d. X. s. d.
Working Jackets ••••""••••• • • • " ' • • • • • 0 9 6 to 012 0
Working Trowsers• ••••• • • • • • ***** •'•• • • • 0 6 6 to 0 9 6
Working Vests.. •••••• • • • • • ***** ••'•' • - • • 0 4 9 to 0 6 9
1 5 0 to 3 15 0
Top Coats **** ... ........... •• •• ' ***** • • ••
Codringtons •. ••• • • ***** "'' • 0 15 0 to 1 10 0
Black and Coloured Dress Coats •• •• •• •• •• ••• • • ll2oto 3 3 0
Frock Coats, Silk. Linings ....... . • 1 18 0 to 3 10 0
Shooting Coats ••• • • • ...... ••• • • .
Dress Trowsers •• • ..... - .... ..... ••• '' 0150 to 110 0
Finley Doeskin and Tweed Ditto
~..........0 9 6 to 0 18 0
Very 0 18 0 to 1 15 0
Satin Vesta ...• ••• • • Quilting • * ... ; . • . ••• • • 010 0 to 1 0 0
Valentia Toilenet and Vests in great
variety ..... • . : .. • ...• • • • • • •
.: ••• .. • ••• •.. 0 5 6 to 0 12 6
Rich Plain and Figured Silk N e vet Vests
Doys,ClQthes of every description equally cheap.
6 • ataiii, coma of latuitebous„lane.