The Sun.
London, England, 1811-07-25 00:00:00

REPOItT.

Before t our Committee-could decide. what rules
and regulations it might be expecii-nt to propose,
for the future managemetit of the affors of [Aired's,
it was neceteary to inquire what rules and tegula-
lions actually existed e and thus to ascertain how
far 'they were called upon; merely to revise and en-
force the staneing coders of the House, or to pro-
vi•,e new ones suitable to the exigency of the
case. The due diseharee of this preliminary part et-
their duty, oelieel them to investigate the Journals
and Records of the House, from its fist establish-
ment down to the present pet iod ; .and in the course
of the investigation They found it necessary to
ex-
tras such part of the proceedings, either of the
House Committee, or' of: the General Meetings of
the Subscribers, es had any reference to the objeets
of their inquiry ; classing these extracts, as they
proceeded, under the different heads to ‘which they
relate. • They also loupe it necessary, in. the .pro-
gress of this InVestigation, to refer to the House
Committee, and to the Masters; for farther eluci-
dation of particular subjects. The House COM.MiI.
tee anticipated any reference to them, by a previous
offer of every information in their power to give 3
and the blasters exeressed their willingness to
tower every inquiry, without reserve.
Thou eh the result o this investigation, by
log your Committee how little oad hitherto been
done, as, to the establishment of tiny regular system
for the manageMent of the afflirs of • Lloyd's,- only
serVed to spew the,- how mtidt remained to do, it
WEIS yet so tar' satisfactory, asst settled some oind4.
re e oat . pri,,cipos which served'' as rules, our their
vandal. 'lt preve I that the Sobsetibers, comenee
at Geperal Meeting% hoe on 'various occat.toha,
itemised a buprctne authority;' that they have con.
trouled- the Houser Committee, even its de e.: points
wieell appear to'have ,heen most immediately &le-
gated to their euperintendance ; that they have re.
gulated the apOtilt4tment. of the Mastcrt,, toe a,p.;
portionment of their emoluments, 'acrd even the
dudes and attendance of the 'Waiters;,, exaMples of
whith:.are to be round in the•proceediegrof Ihe Ger
neral Meetines that led to the establishment of New
Lloyd's and in the mole recent proceedings of .the Get.
nerai Meetings a; 1794 owl i 800, These OccaSiohal-
Antertocnces, however, appear to have been The
itOpule6 Of the: moment, and to beveled to no re-,
Oar system of rides and reolatiorts for fire futhie
government ett the House Committee, Who have
been again left to a discretionary exercise of power,
till some of the'Subscribers, thinking that they had
exeedded,its just limits, again restraioed or cohtfouled
them in the pasti6tlar instance, by taking the.seose
of a General Meeting and,then left (heft( to go
on as I,cfore. It is no,w therefore the • provioce
your Committee, to refei the consideration `of
the Subscribers, 'whit portion of pp., r they' will
borne to the New Committee (Sureett to that • re-
ponsib lity by its 'dire exercise; which should al
ways attach to those to whom yower is delegated) ;
and e hat duties.they wilt require of them to clis
charge.
In proceeding to ,tlts part of their' tn your
Committee have andeavtiuted, as much as possihk,
to build their soperstruetme upon"
,the old' 'founea -
too';. to concerto to the decisipus Of all Getielai
Meetings, at,whittli tho, sense of e Sebscriters this
been already ex.,lessed u;iott any given subjtiet ; 'to:
tlist tub. no existing regulations, but merely, to tnakti
these additides to them • which present eircutne
stances require; to frame a new cobstitetion )ior
Lloyd's, .nu farther than as Lloy,trs appears to. haw
outgrown its original estaniishments.
The points ,t, which the attorokn al our
Committee was necessarily &retied, may b, divided
into; the to low tog hcatisl—The s r,6crib,, rio—The
New Cocomittee---lie• Nfiliters and Waiters—. The
Proceedings at General Meetingse—The Regulations
to be: observed its the it omits for the i-3ccommoth
lion of the Sobhcribe.',:- -And Tire State of the Funds
of
.110, Howie. To th, se May be added vaiicas
misceleetropeitibitt('l4, c neeeted with the interests
of the Underwriters ; and to some of w filch their
ate etion lets been Lulled by letters from different
Ste s-clibet'S. • ,
Folii,w,og this classification, in point •of order,
your etentlee will coneneuee with the observa.
nous %)4i4c1.1 more immediately relate to the Sub,
sere ers. , ,

A great laxity has hitherto prevailed in the mode
of sitirrittting Subscribers to, Lloyd's. Under the
existittg reg,iations, the House Committee l.;ive not
telt thetriseives authoriz.,:d .to refuse admitting any
vrsort as a. Subscaii,eV, ► Ito 113 3 'reiwol
meildstion, signed fad s:x fit hi• cm).
nig within the pri:Nisions.of iIR. 14th Regulut 'on of
the General Nicetivigal the 2d or Ailgost, I 800
and such vcconiroutalaiions'appel-ir„ in write in-
Funteesi. ,10 hitVt beets vcry To
guard against the repcti.ion, (,f nos abuse; your.
Committee have reeommetid d, dint in Intuit,: all
Subscribers- should be baltulted fo. by the Nem;"
Committee, at fixed periuditi
.shirt It. sir tr.'d
tit 111 1011 511001(1 he fait uo 1 boad in 034
st ribers! Itconr:, a weet prt .ioui to the
ink place, In order that cVety.sklbseriber have,
all 04140.11111 / 01 making salt representat',,m, re-
tcpellog. :hem IQ the Cottan:ttee, as the. ca,e .may
tequire ; m;(1 that the fix Stili,cr!bers who
itr Crlril
- -eAllcd
Into& 'heir' slia)l attend the Cutrumittee,
'upon so to do, and answer such vevtions as may
be pnt to thern relative to the cloratta ar,d,
stances of tltt par‘ies propused. ,
your,Cetutnit,.ee trust, will give that respectability

foot&
. 6 rogYellir *
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