The Sun.
London, England, 1842-09-12 00:00:00

COURT CIRCULAR.

WINDSOR, SUNDAY.—Her Royal Highness the
Duchess of Kent attended Divine Service this morn-
ing in the parish church. The Rev. W. Bowyer
officiated.

Lady Charlotte Dundas and Sir George Couper,
Bart., were in waiting on her Royal Highness.
Yesterday her Royal Highnees the Princess Royal
rode in the Home Park on her Shetland pony, and
afterwards in a small landau, drawn by one of the
domestics. His Royal Highness the Prince of Wales
was taken an airing.
In the afternoon the Prince and Princess were
taken a carriage drive in the Great Park, and again
to-day their Royal Highnesses have been taken airings.
Her Royal Highness the Duchess of Kent visits the
Royal infants daily.

Dispatches were received in town yesterday from
Dusseldorf, dated Wednesday, the 7th inst., announc-
ing the illness of his Majesty the King of Hanover, and
hir.; subsequent favourable progresss towards recovery.
The King was very ill on Sunday the 4th inst.,
but on Monday night was declared by his physician
out of danger, and from that period up to the time of
the departure of the dispatch on Wednesday, his
Majesty, we are happy to state, was going on fa-
vourably.
His Excellency Count Kielmansegge, the Hano-
verian Minister, after the receipt of the intelligence,
forwarded accounts to her Majesty the Queen
Dowager, at Bushy House, Bushy Park, and to the
members of the Royal Family.
Mr. John Thornton, Deputy Chairman of the
Stamps and Taxes, had an interview with the Chan-
cellor of the Exchequer on Saturday, at his official re-
sidence in Downing-street.
Sir James Graham left town on Saturday for
Cowes, Isle of Wight.

EXPORTATION Or MAcniNza Y
at the Manchester
.—The following
letter on this subject has been received
Chamber of Commerce :—" Office of Committee of
----,',—ln rep
Privy Council for Trade,
to Tradey,oaWr letter
rllof
Whitehall, Bth Slsetpitenmstbanert:
1842. SC
addressersmacinetroy directed by the Lords of the Com-
,
mittee of Priv Council Mlr.aMmacgregor, relative to the exportation
of
for Trade to inform you, that
my Lords have recently
recommended the Lords Com-
missioners of her Majesty's Treasury to grant permission
tha ex t
to port certain classes of machinery, to which hitherto
permission has not been granted. Amongst the
machinery for which permission has recently thus been
granted, is included machinery for the spinning of cotton
and wool ; and it is the intention of my Lords to recom-
menda the adoption of the like course as respects all IT -
chinery for spinning
well as other substa,nces, excepting those which are used
and manufacturing the above, as
in, or applicable to, the spinning or manufacture of flax,
tow, linen, or lace.—I am, Sir, your obedient servant,
jJOHN GEoRuE SHAW LEFEVRE.—Thomas Boothman,
un., Esq."
ANECDOTE BY JOHN ITOCKINGS, THE " BRUMMA-
GEM BLACKsairrx."—Hockings, " the Bir.ningham black-
smith," in a lecture at Leicester, urged the ladies to be
ardent advocates of teetotalism ; the men would then be
sure. to " sign the pledge." lie was one day, he said,
at a scientific lecture, when the lecturer was dilating
upon the attractive powers of the Inagnet--defying any
one to show or name anything which could surpass
them ; he (Hockings) accepted the challenge, much to
the lecturer's surprise, when he told him that woman
was the Magnet of Magnets—for if the loadstone on the
table could attract a piece of iron for a foot or two, there
was a young woman who, when he was a young man,
used to attract him thirteen miles every Sunday to have
a chat with her.

NORWICH UNION LIFE OFFICE.
A numerous body of the assurers in the above
Society met at their-office on Friday last, to receive
the Report of the Directors, and to take into con-
sideration their recommendation on the propriety of
declaring a bonus on all policies affected previous to
June, 1841.
E. T. BOOTH, Esq., having taken the chair,
S. BIGNOLD Esq., the Secretary, read the ad-
vertisement which convened the meeting.
The CHAIRMAN then rose and said, that he had
much pleasure in meeting so large a number of the
Proprietors on the present occasion ; he would state
to the meeting that some circumstances, which it had
been out of their power to control, had been the
reason of their not having been called together some-
what earlier, but he could assure them the time had
been well employed in making the accounts more
complete. He was happy to think a few—circum-
stances had occurred which had created a more
friendly feeling than had existed among them on
former occasions, and the prosperity of the establish-
ment had greatly increased.—(Cheers.) He hoped
after the Report had been read, that all angry feeling,
which had previously existed against this office,
would cease—that whatever might have been the
feelings, or however high might have been the words
used against the office on any former occasion, they
would now be buried in oblivion—(Hear, hear)—and
that every one of them would endeavour, by every
possible means in their power, to promote the interest
of the establishment.—(Cheers.) In conformity with
a resolution passed in January last, they had now
placed before them a full and clear statement of the
affairs of the Company, with the view of declaring
what shall be the amount of the bonus. He would
now call on the Secretary to read the Report, after
which he would be glad to answer any question that
might be addressed to him.—(Cheers.)
The SECRETARY, having read the minutes of the
former meeting, then read the following Report :
" The Committee of Directors have much satisfac-
tion on meeting the assured this day, enabled as they
uow are to lay before them the result of the transac-
tions of the Society for the year, from June, 1840, to
June, 1841, with the balance-sheet at the latter period.
" They regret that some little delay has taken place
in calling the present meeting, which must be attri-
buted to the anxious desire of all concerned that the
accounts should be fully examined, and the calcula-
tions made on the most accurate data ; but they have
now every confidence in stating that these oliects
have been accomplished, and it affords them very high
gratification to acquaint the Members, that the sur-
plus resulting from the operations of the Society
during the year from June, 1840, to June, 1841, has
considerably exceeded the average of the previous
four years.—(Cheers.)
"The accounts for that year have been carefully
investigated by Mr. James, who reports that he has
pursued the same course of examination which he
had previously done. Upon this subject he states :
" The policies and premiums have been ascertained
with the same care. The valuation of those policies
and premiums have been made by Mr. Galloway upon
the same basis ; and the same test has been applied to
those several valuations as heretofore adopted, and
fully explained in my Report of December last. The
debts and liabilities have been most carefully ascer-
tained.'
" On the subject of these accounts, showing a ba-
lance or profit of 39,3361. 18s. 2d. upon the transac-
tions of that year, Mr. James observes :
" This profit for the year 30th June, 1840, to 30th
June, 1841, being much more than the average of the
previous
four years, it may perhaps be as well to offer
some remarks in explanation. When I stated in Ja-
nuary last that the probable year's working or profit
of your Society to the 80th June, 1841, would be
equal to the average of the previous four years, I was
well aware that there were circumstances in favour of
the year above alluded to, to insure a full average of
the previous four. The interest on the surplus, 30th
June, 1840, would of itself form a large increase ; the
reduced rate of expenses of management would be in
full operation for that year, whereas it had been only
partially felt in the previous four ; and lastly, I was
sensible that the year's mortality had been most fa-
vourable, and although running against the Society
-as regards the annuities and endowment contracts,
the loss upon that class of insurances would be much
overbalanced by the gain upon whole life and short
periods. These three matters, therefore, will fully
account for the year's profit, 30th June, 1840, to 30th
June, 1841, being more than the average of the four
years 1836 to 1840.'
" The year's profit here referred to by Mr. James
raises the surplus assets at the 30th of June, 1841, to
183,0161. 10s. 6d., and on laying the details of the
balance sheet before the Committee he remarks--JI
have no hesitation in reporting that, in my judgment,
the several valuations and calculations forming the
items in such balance sheet may be considered as
truly made, and with perfect safety in reference to
the future. The debts and other liabilities may also
be relied upon as correct and true ; the reverse for
future management or expenses in realization of the
premiums is taken with perfect safety, as regards the
probable future charges ; and upon the whole I feel
satisfied that the surplus as above set forth may be
considered a correct and safe surplus, and applicable
for division amongst the assured.
"The Committee of Directors have the most im-
plicit reliance upon the judgment of Mr. Galloway, by
whom the several valuations of the policies and pre-
miums have been made—supported as those valuations
are by the calculations of Mr. Morgan, the Society's
Actuary—as well as upon Mr. James, by whom the
accounts have been examined and closed, and the re-
sults as above set forth drawn out ; and they have
therefore no hesitation in recommending the declara-
tion of a bonus. In order that such declaration may be
made on perfect and true data, a correct list of pre-
miums has been drawn out upon which the bonus
should attach, amounting to the sum of 2,341,7041.
15s. 11d. An account or valuation has also
been prepared to ascertain the bonus which four-fifths
of the above-mentioned surplus of 183,0161. 10s. 6sl.
will give ; from which its appears that a bonus of
10 per cent. would require, in present money,
141,3541. 19s. 2d., being equal to 234,1701. 9s. 7d. in
reversion ; the latter being, therefore, the amount
which would be actually attached to the policies. The
declaration of this bonus would leave a surplus of
5,058/. ss. 3d. beyond thc. one-fifth (36,6031. 6s. ld.)
reserved in conformity with the deed of settlement,
making together, the sum of 41,6611. 1 ls. 4d., un-
touched and unappropriated.
" The above calculations are made upon the several
policies in existence in June 1841, although part of
those policies have terminated by death since that
period.
" After mature consideration given to the subject,
the Committee feel that the holders of this class of
policies, are justly and fairly entitled to share in the
surplus • and they, therefore, recommend this meet-
ing to declare a bonus accordingly—viz., 10 per cent.
on the total amount of premiums received upon all
policies for the whole period of life, which were in
existence on the 30th June, 1841.
" The members of the Society will bear in mind
that, in the declaration of any bonus at this time,
when the Society has existed upwards of thirty-three
years, the number of years, and the great amount of
premium over which that bonus is spread, must have
the effect of reducing the nominal per centage. The
senior members, however, will find, that their bonuses,
extending back to the date of every policy, will yield
them an advantage fully commensurate with a higher
rate of per centage, attaching to a more limited period
of time.
entertjr
aeakfnee referring
rbnhayygi
ts, thatltBo42)
which ar t
alludes o f th e
to
or
thela stf a c Report " The Committee cannot close this Report without
Societymost
premiums
n otheriumusn doeffir considerablyet
offices,
se awghe ofwhilst
t lowerffroty forty-five- fithvaen, arteh in-
suredo
tosesixty, this Society only gradually etratrtall(2Bwhtho
easett a a approachesreta stt nho
Societiese rates
adopted
!o,hpt7iedseadobyftfihcteehi.s
r,emaniudmthseodfiffotehreenregre
s ieg nn
enhanced
ci in d beentacc-
umulateet;ll;;Csi.nce
sbtoitnuutsieosn,
wthoeumldahgnaviteudbee
eonf those assigned at interest, for the purpose of increasing
is la-
the fund so accumulated, if not distributed, would
now have amounted to many hundred thousand pounds.
" Under these circumstances, the Committee feel
assured that the members may fairly urge upon their
connexions the propriety of joining this institution,
whose strength and utility must increase with its
magnitude."
After which the cash account to June, 1841, was
read.

1 Mr. Alderman FAREBROTHER said, in conformity
with the wish expressed by the Chairman, he (Mr.
Ald. Farebrother) would ask one or two questions ;
but he wished it to be distinctly understood, it was
not with the view of disturbing the harmony of the
meeting.—(Hear.) He was sure the answers which
he should receive would satisfy all present. He
would ask Mr. James if the accounts now made out
and submitted to the Proprietors, were based on those
made by him in 1836 ?
Mr. JAMES, the Accountant, replied, they were.
The balanco had been brought forward, which had
formed the data upon which they had acted.—(Hear.)
Mr. Alderman FAREBROTHER—In 1839 a long
discussion took place in reference to the allowance to
be given to Mr. S. Bignold, as Secretary. The Exa-
miners had recommended that it should then be I
2,0001. a year, but some Proprietors present thought
it should be 2,5001. a year, taking into consideration his
father's services, as well as his family's claims. He
wished to ask Mr. James whether, in making up the
accounts, he had given credit to Mr. Bignold for
2,000/. or 2,5001.?
Mr. JAMES replied. Since 1839 Mr. Bignold had
only drawn for 2,000/. a year on account of salary,
and 250/. more for coals, repairs, and expenses.
Mr. Alderman FAREBROTHER observed, that on
that occasion he had taken the liberty of asking Mr.
Bignold to waive the discussion of the question; and-

THE SUN, LONDON, MONDAY EVENING, SEPTEMBER 12, 1842

leave it open for a futu re period, as it would then tend to
disturb the harmony of the meeting.—(Hear, hear.)
Here a long and.friendly discussion took place be-
tween various parties in the room; and it was evident
the general feeling was in favour of increasing Mr.
Bignold's salary to 2,500/. a year ; this was confirmed
by the following resolution having been put and car-
ried without one dissenting voice.
The CHAIRMAN said a resolution had been moved
and seconded, which he would put to the meeting.
" That it appearing by the statement of Mr. James,
in answer to the question of Mr. Alderman Fare-
b-other, that the Secretary has only drawn for the
sum of 2,0001. per annum since December, 1839, in-
stead of 5 per cent. on the premiums, to which he is en-
titled under the deed of settlement, which was con-
firmed at the last general meeting, this meeting,
taking into consideration all the circumstances of the
surrender by him of his vested interest under the
deed, recommend the Committee of Directors to place
his remuneratiou finally and definitively at the sum
of 2,5001. per annum from November, 1836."
This was unanimously adopted.
The SECRETARY then rose and said, He could not
sufficiently express his thanks to those gentlemen who
had put so liberal a construction upon his conduct.
He begged them to look at the state of the Society
at the present moment. He felt it would bear a com-
parison with nine-nenths of the societies in London.—
(Hear, hear,) He was grateful for the expressions
which had fallen from Mr. Ald. Farebrother.

The Rev. Mr. BAILEY, Vicar of Stoke Holycross,
then rose to move the receiving of the Report. He
was glad to think the Society had increased in public
confidence, and was receiving the public support.—
(Cheers.) He hoped the Proprietors would exert
themselves in favour of the establishment ; if they did
it would rise still higher, not only at home, but in the
opinion of the whole world.--(Cheers.) He would
now move, "That the highly satisfactory Report sub-
mitted by the Directors to this general meeting, be
received, adopted, and printed, for circulation amongst
the members of the Society."
Mr. LOCKWOOD, in seconding the resolution, said,
he gladly responded to everything which had fallen
from the Reverend gentleman.

Mr. T. BIGNOLD would infirm the meeting, that
the gentleman who had seconded the resolution for
receiving the Report was the father of the Society ;
he standing No. 1 survivor in the books.—(Hear.)
Mr. R. J. H. HARVEY, one of the Trustees of the
Society, begged leave to move that the bonus recom-
mended in the Report be immediately carried into
effect. After the close examination which the ac-
counts had gone through, and the clear exposition of
that day, they could not hesitate carrying it out. He
would therefore move—" That pursuant to the re-
commendation of the Directors a bonus of ten
per cent. be now declared on the amount of premium
received, in respect of all policies in existence on
June 30, 1841, and effected for the whole duration of
life."

Mr. R. STEWART having seconded the resolution,
The CHAIRMAN put it to the meeting, when it was
adopted.
Here a question arose relative to the most equitable
mode of dividing the bonus, which was explained by
the Directors, who said, they had felt the force of it
themselves; in consequence they had taken the highest
legal opinions on the question, which were in favour
of the mode now adopted by them.
nutAvlrt.hAeirldmeromsta
to perform; it was an
pnleFasAinn gE r cdßuot t remarked, they had
ex-
pression of their gratitude to the Directors for the
able manner they had carried themselves through one
of the most severe ordeals men had ever passed.—
(Loud cheers.) He would, therefore, move—" That
this meeting desire to express their unqualified confi-
dence in the integrity and judgment of the Directors,
and in their full determination to watch over the
future interests of the Society, and also to offer to the
Chairman their best thanks for Ms valuable services
this day."
Mr. LLOYD, of Birmingham, had great pleasure in
seconding the resolution, having been one of those who
had been appointed to examine into the conduct of
the Directors. He felt that the thanks of the Pro-
prietors were eminently due to the Chairman and
Directors for the arduous duties they had performed
while in office; they had carried out all that had been
recommended to them by the Examiners—(Cheers)—
and he (Mr. Lloyd) had travelled several hundred
miles to speak to the point at this meeting, which he
did with the highest satisfaction.—(Cheers.) It was
then carried with acclamation.
The CHAIRMAN could assure the meeting that the
conduct which had received such expressions of ap-
probation this day, would continue to be pursued by
the Directors, and he hoped at their next meeting
they would be found still equally deserving of the
confidence of the Proprietors.—(Cheers.)
Those who have regularly attended the general meet-
ings of this Society which have so frequently taken
place of late years, must have marked the ~hanged.
tone on this occasion. At their first assemblage in
1837, great distrust- was manifested, doubt and
anxiety was marked on many a brow, the question
on their mind was, are our families to be provided for
at our death, or not ? The number at that period
who used to assemble from far and near, did not
lessen the anxiety. London, Liverpool, Manchester,
Birmingham, and Bristol, sent their inhabitants to
learn the worst of their fears. After passing a most
searching examination of their affairs, the Proprietors
have now reaped another harvest, by dividing nearly
a quarter of a million of money among them (this
being their fourth bonus upon their paid up capital),
which, but for the unmoved integrity, clear foresight,
and patient perseverance of the officers of the Estab-
lishment, would have fallen a wreck to the foolish im-
becility of a few weak alarmists.

S i

PANCR A S,

CONTRACT.

MONEY M-7—irrAitl( ---and----CITY NEWS.
CITY, SATURDAY EVENING.
The English Funds closed flatly, but without any
particular cause that could be assigned beyond the
general depression of business, Consols leaving off at
92i sellers for Mousy, and 93 93* for the Account ;
India Stock, 249 251 ; Exchequer Bills, Old, 51 53 ;
New, 49 51 premium.
The prices of Foreign Securities showed a slight
improvement. Belgian, 102 103; Dutch Two-and-a-
Half per Cents., 521 521; the Five per Cents., 1024
102/ ; Danish, 833- 84*; and Brazilian, 67 68.
The quotation for Mexican Bonds was a shade below
yesterday, owing to a disposition to sell which had
been shown by certain influential holders, and they
were last marked 354 36.
The downward tendency in London and Birming-
ham Railway Shares, which hae formed the principal
feature in the Market this week, has to-day been
checked, and they have been currently sold at
179 181; Birmingham and Gloucester, 42 44 ;
Great Western, 82* 83i ; the Half Shares, 59/
601 ; South Western, 58i- Egg North Midland,
56 58 ; the New Shares, 27 28 ex div. ; South
Eastern and Dover, 22 221 ; Eastern Counties,
; Northern and Eastern, 37i- 381 ; Black-
wall, 7 71; and Brighton, 331 33 er share.
The quotations for the Bonds were :—Colombian
20i 214 ; Peruvian, 15 16
; Portuguese Five per,
Cents., 35 35* ; the Three per Cents., 20/ 214 ;
Spanish Five per Cents., 164 164; and the Three
per Cents., 214 214.

DEPRECIATION OF PROPERTY.—On Saturday last,
four pair of looms, in good condition, with six lathes,
some of them having double boxes, and a large quantity
of jacks, treadles, and other articles, used in handloom
weaving, were sold in the New Market-place for Bs. !
To those at all acquainted with the subject, this fact will
at once convey an adequate impression of the dreadfully
depressed state of the handloom weaving of this district,
a branch of manufactures, which,
at one period, was the
source of much prosperity and enjoyment to hundreds of
families, and the means of opulence to many. These ma-
terials were bought by a baker, or some such person, to
use as firewood, and would fill two moderately sized
carts. They must have cost the first possessors about
201. On Monday, at the same place, a pair of looms, with
lathe and gearing complete, was sold for 10d. While the
looms stood at 10d., a bystander said they were worth Is.,
and the auctioneer,
mistaking
knocked them off to him at that sum. Then came an ex-
planation and a dispute, his observation for a bid,
which was settled by the looms
being sold to a former bidder for the sum mentioned.—
Bolton Free r Press.
M. What a row there would be in the
land if the laatllords' estates or
amount above described.
or the parsons' tithes, were
depreciated to a tenth of th
What inquiries would be called for, what compensation
demanded, what new taxation proposed, to save from in-
jury and destruction, the
eaters of rent and the eaters of
tithes!--ED. Sun.]

NEW GOVERNOR OF GIBRA LTAR.—General Sir
Robert Wilson has been appointed Governor of Gibral-
tar, in succession to Sir Akxattler Woodford, K.C.8.,
whose term of service is
expired. Sir Robert Wilson
' entered the army in 1793, and served in Flanders and
Holland in that and the
s
; succeeding year ; in the rebel-
lion in Ireland in 1798 in Holland again in 1799 ; in
the Egyptian campaign of
Cape of Good Hope in 1808. and raised and commanded
the Lusitanian Legion in
1808 and 1809 in Spain and
com-
missions army 3,si nfolltltoiswsia:_, 1801 ; at the capture of the
Portugal.. He also served in several campaigns with the
and %.'ith the Austrian arm-
i7g4;Lieutenant, Oct.
The dates of his
31, 1794 ; Captain, s
1802 ; Colonel, 25th of Jul •
September 21, 1796 ; Major, 28th
of June, 1800 ; jPeoinolarlnnteadtl,y,Germatiy, and France,
Lientenant-Colonel, 27th of February,
Major-General, 4th
of June, 1813 ; Lieutenant.
General, 27th of May, 182.5;
General, 23d of November 1841. Ile was appointed Co-
lonel of the 15th Hussars on the .20th of December, 1836.
In August, 1821, the name a sir Robert Wilson was
erased from the army list, in consequence of his conduct
1810 ;
at the funeral of Queen Caroline. He was at the same
time deprived of various foreign decorations be?•towed
upon him. S!r Robert will repair to Gibraltar in Oc-
tober in one of the Mediterranean steam vessels.—
United Service Gazette.
THE ANTI-CORN-LAW LEAG VP, we observe, does not '
mean to lie idle. It is about to dispatch lecturers into the
agricultural districts, and the fall of prices, which they
will no doubt explain, will make the farmers their will-
ing auditors. Is has also advertised a series of prizes
for the best essays on the Corn laws as they affect the
condition of the working farmers and agricultural la
bourers. This is an excellent subject.

AIIDDLESEX.

The Directors of the Poor ot te :aid P I;:eet at St.
Pancras .iorlihouse, on TUESDAY, the •?7th day of September,
instant, at Ten o'clock in the Forenoon, to receive 'FENDERS,
and to contract with some person or persons, for the supply of
BUTCHERS' MEAT for the use of the poor of the
said Parish, to Eater, 1843. Forms of tender and
Particulars may be obtained on application at the Workhouse.
Tenders, sealed and endorsed " Tender for Butcher's Meat,"
to be sent in not titer than the above hour ; and parties ten-
dering, or some person on their behalf, are required to be in
attendance at the said meeting.
By order cf the Directors,
JOHN 11PGAHEY, Clerk.
1, Gordon-street, Gordon-square, Sept. 10, 1842.

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