The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-03-28 00:00:00

THE LIVERPOOL STANDARD.

Ensuraltre gottrrO.

YORKSHIRE FIRE AND LIFE INSURANCE
COMPANY.
ESTABLISHED 1924.
Parties having Annual Policies falling due on the 25th of
MARCH, are respectfully informed, that they should renew
the same within Fifteen Days from that date.
AGENTS.
MARK RIMMER, 18, Chapel-street.
LATHA.WHANMER, Jun., 1, Dale-street.
JOHN ATKINSON, 25, North John-street.
LITHERLAND and GROOM, 42, Lord-street.

NORWICH EQUITABLE FIRE ASSURANCE
SOCIETY, BANK-STREET, NORWICH.

TRUSTEES.
rhe Right Hon. Lord Sondes. H. N. Burroughes, Esq., M.P.
Sir Edmund Bacon, Bart. Sir John P. Boileau, Bart.
Sir Hanson Berney, Bart. John Garnham, Esq., R.N.
John Longe, Esq.

Policies which expire on i„he 25th MARCH must be renewed
within fifteen days of that-Tate, or they will cease to indemnify
the holders from lope

AGENTS.
JAMES S. SKIPPER, 20, Brunswick-street.
GEORGE GOLDING, 76. Chatham-street.

NORWICH UNION FIRE INSURANCE
SOCIETY.

ESTABLISHED 1821

CAPITAL

£550,000.

TRUSTEES.
The Right Hon. Lord Hast- Thomas Amyot, Esq.
n Henryowne, Esq.
The Lord ry
rd Walpole. Henry Staniforth Patteso ,
Sir Henry Jardine, Knt. Esq.
John Stracey, Esq.
Edward Wenham Martin, Esq..

i2JR/f6Torts.
E. T. Booth, Esq., President.
• Anthony. Hudson, Esq., Vice-President.
Georgeq Morse, Este., Edward Steward, Esq.,
Major-General Sir R. John Lewis Evans, Esq., M.D.,
Harvey, C.B. Thos. Blakiston, Esq., R.N.,
Isaac Jermy, Esq., Recorder Timothy Steward, Esq.,
of Norwich, George Durrant, Esq.;
Charles Evans, Esq., Chancel- Robert John Harvey, Esq.
for of the Diocese of Nor-

SAMUEL 'BIGNOLD, Esq., Secretary.

The Public are respectfully reminded, that all Insurances
renewable in the LIVERPOOL AGENCY on the 25th day of
MARCH, 1847, must be paid at the Office, Exchange-street
.Iyest, on. ve.ls-f‘s-
,, IlidiebgableiloAre antirisiired7-4 the
CifigtsYzivn.-iety paid £71,155 6s. sd. Duty to Government for
the year 1846.

If INSURED, during the same year, £9,823,219 Farming
Stock, which is free of Duty.

in proof of the Public approbation of the principles and con-
duct of this Company, it may he sufficient to state, that its
business now exceeds FIF'T'Y-EIGHT MILLIONS.
Prospectuses may be had of Mr. R. L. MILLER, Agent.
Treasurers—THE LIVERPOOL BOROUGH BANK.

BRITISH COMMERCIAL LIFE INSURANCE
COMPANY.
N 0.35, CORNHILL, LONDON.
ESTABLISHED-1600. CAPITAL-600,000.
Insurances, witliout profits, at the lowest rates of premium
consistent with the security of the Assurers. On the participa-
tion scale, Three-fourths of the Profits divided among the In-
surers, every Seven Years ; the last two Bonuses averaged
10s. 11d. per Cent. on the Premiums paid.
On Insurances for the whole of Life, only One-half of the
Premiums are required to be paid for the first Seven Years ;
the other half allowed to remain as a., Loan an the Policy if
desired.

Premiums may be paid HatfArtra'rly, or Yearly, as preferred.
Tables of Rates, and al given, on application at
the Office.

AGENTS.
Liverpool—Messrs. SHORTHOUSEand HADDEN,DaIe-street
Lancaster—Mr. Thomas Raw•sthorne.
Manchester—Mr. C. H. Cope, 28, Princes
Preston—Messrs. Lodge and Harris, Sc-
Warrington—Mr. John Platt.
Bury—Mr. W. P. Woodcock, Solicitor.
Colne—Mr. Hargreaves Hudson.
Stockport—Mr. James Dakin, Solicitor,
Chester—Mr. James Blelock

-street

elicitors,

Llandillo—Mr. Benjamin Morgan.
Newcastle-upon-Tyne---Mr. William Forster, Solicitor,

ROYAL INSURANCE COMPANY,
LIVERPOOL,

1, OLDHALL-STREET.
CAPITAL, £2,000,000, in 100,000 SHARES of £2O Each

John Shaw Leigh,

TRUSTEES.
i R. 8.8. H. Blundell, Esq

DIRECTORS.
Josias Booker, Esq., Chairman.
Hugh J. Sanderson, Esq. and Charles Turner, Esq.,
Deputy-Chairmen.

BIRKENHEAD BRANCH,__-.
Hamilton Buildings, Hantill,pie*Treet.

The Directors beg to announce that they continue to RE
CEIVE PROPOSALS for FIRE and LIFE INSURANCES.

The large Capital of the,Q6mparty, and the number and in-
fluence of ProprietorKenable it to take rank with the most
eligible offices .in the kingdom, with respect to the advantages
offered to the Public.

FIRE INSURANCES
Will be effected at moderate rates of premium. The Company,
having the advantage of a resident Directory, will he enabled
to distinguish itself by its promvtness in the Settlement of
Claims.

No Charge made for the Policy,

LIFE BRANCH.
Extracts from Rates of Premiums for the Whole of Lite.
Age. With Profits. Without Profits.
s. d. s. d.
20 1 19.4 , • - - •1 14 11
30 2 9 9 2 4 10
so a 4 1 2 18 6
50 4 8 3 4 1 7
The Company likewise assure Lives on any of the following
contingencies, viz.:—
For the term of ONE YEAR, SEVEN YEARS, or any other de-
finite period, or on two or more lives.
For the WHOLE CONTINUANCE OF LIFE. —The Premiums to
cease after a LIMITED NUMBER OF ANNUAL PAYMENTS.
For a Sum to be payable at age 60, or at death.
PREMIUMS ON CREDIT.

A portion of the Premiums may remain on Credit, or
Assurances may be effected in various ways not enume-
rated, to meet the convenience of the party making the
Assurance. •

The important advantages afforded by the Company in this
Branch will include the following, viz.:—
GUARANTEE OF AN AMPLE CAPITAL, MODERATE PRE-
MIUMS, LARGE PARTICIPATION OF PROFITS BY THE
ASSURED, AMOUNTING TO TWO-THIRDS of its NET
AMOUNT, SMALL CHARGE FOR MANAGEMENT, the
Expenses of the Office being borne in due proportions by the
two Branches, and EXEMPTION OF THE ASSURED FROM
THE LIABILITY OF PARTNERSHIP.
The usual Commission allowed to Solicitors.
PERCY M. DOVE, Manager.
N.B. The Directors are willing to receive applications from
Persons of INFLUENCE, INTELLIGENCE, and ACTIVITY,
to undertake AGENCIES tl.roughout the Counties of Lancas-
ter, Cumberland, Chester, and elsewhere, it being their deter-
mination only to appoint Agents possessing those qualifications.
Policies falling due at LADY DAY, should oe renewed on or
before the 9th of April next.
22d March, 1848.

The following AGENTS, among others, have been appointed :
Audlem Edward Bellyse Combermere Abbey.
Bolton Thomas Warburton.. Druggist.
Bury T. A. Weston District Bank.
Chorley George Houghton.... Stamp-office.
Chester • Samuel Brittain, jun.. Solicitor.
Do. Ducker and Bayne .. Eastgate-row.
Edgehill . John Grierson, 3, Olive-street.
Haslingden. Thomas Woodcock, !...olicitor.
Knutsford William Taylor Ironmonger.
Lancaster Yeats Welch lO, Penny-street.
Low-hill James Wensley Gloucester-place.
Manchester Thos. Houghland.... 51, King-street.
Do. G. V. Ryder lOO, King-street.
Macclesfield John May solicitor.
Much Troolton Thomas Bancroft .... Collector.
Neston Fdward K. Hollingshead, Parkgate.
Northwich George Beckett Draper.
Old Swan 5. Stanley Samuel C. Sncade .... Church-road.
Ormskirk Robert Wareing .... Solicitor.
Prescot Fdward Brown Market-place.
Rochdale Matthew Weston ....172, Yorkshire-street
St. Luke's District, Liverpool.. John Walker, 97, Bold-street.
Scotland-road, Liverpool.. Wm. Roxburgh, 23, Great Nelson-
street North.
Hugh Banner
Thomas Cartwright

Seacombe
Stockport ...
Tarporlcy
Toxtetkpark
Ulrerston
Wigan

Estate Agent,

William Aston - Grocer & Tea Dealer,
Joseph Harrison .. .4, St. James's-place,
T. Pearson Postlethwaite.. Solicitcr.
Woodcock, Part, and Scott.. Solicitors.

CORPORATION
(Establi.shed by Royal Charter A.D. 1720)
ROY AL EXCHANGE ASSURANCE
OF HOUSES AND GOODS FROM FIRE.

OFFICES—ROYAL EXCVIANGE, LONDON,
(BRANCH, 29, PALL-MALL.) ..
NOTICE.—The usual FIFTEEN DAYS allowed for payment of
Premiums falling due at LADY DAY Will expire on the 9th
day of April next.

ASSURANCES ON LIVES,
WITH LARGE PARTICIPATION IN PROFITS

Two-thirds of the Profit on Policies dated since December,
1841, will be apportioned periodically, among those effected
for Life, without involving the Assured in any risk of Part-
nership.

Thomas Tooke, Esq Governor.
William Sampson, Esq., Sub-Governor.
Hon. J. T. Leslie Melville Deputy-Governor,
DIRECTORS
. . .

Henry Bainbridge, Esq. Siri Wm. Lubbock, Bart
George P. Barclay, Esq. 'Charles J. Manning, Esq..
E. S. P. Calvert, Esq, ~, Henry Nelson, Esq.
Jno. Garrett Cattley,
~,' Edward H. Palmer, Esq.
Alex. Colvin, Esq. John Henry Pelly, Esq.
Edw. Maxwell Daniell;lsq. Abraham G. Robarts, Esq.
William Davidson, Esq. Charles Robinson, Esq.
John Deacon, Esq Sir Samuel Scott, Bart.
R. W. Grenfell, Esq.' William Soltan, Esq.
William T. Hibbert, Esq. Wm. Wallace, Esq.
Lancelot Holland, Esq. Octavius Wigram, Esq.
John Chris. Lochner, Esq. C. Baring Young, Esq.
AOIENTS.

Mr. GEORGE I,6CH and 14, `pater-street.
LIVERPOOL.... { Mr. CHARLES INWAN, f
Mr. J. PRYCE, Tithebarn-street.
Ashton-under-Lyne Legh Richmond.
Blackburn James Gillies.
Bolton . Rober t Barlow and Son.
Burnley I ord Massey.
Bury John Moscrop.
Chorley Charles Wood.
Fleetwood Thomas Pitt.
Kirkham William Cumming.
Lancaster George Jackson.
Manchester J Williamson & Son, (Market-st.)
Oldham William Ascroft.
Preston William Taylor.
Rochdale • Richard Stott.
St. Helen's Henry Hardman.
Warrington Thomas Geddes.
Wigan . _ .
..
~ Richard Newsham.
_.

The Agents for the County of Chet;i;;;re:—
EIRIiENHEAD Mr. HENRY K. ASPINALL.
Ch,Aer William Worrall.
Congleton .... Matthew Andrew.
Macclesfield
Nantwich Thomas Derriemer.
Northwich. Thomas Rigby.
Sandbach
Stockport John Vaughan.
Conn!), of Westmorland :
Ketulal :.; .‘ . '.'.-. .. ' ... '.' . : . JOSeph Garnett.
IdiluthorPe . ' ' ' ' • • George:Whittaker and Son.
ALLY. GRIEN, Secretary.

Ensttraitre p.ot irts.

LIFE INSURANCE ANNUAL REPORT.
S COTTISH PROVIDENT INSTITUTION

the TENTH ANNUAL GENERAL MEETING of the
CONTRIBUTORS was held, in the Waterloo Rooms, Edin-
burgh, on WEDNESDAY, the 16th February current. ROBT.
SCLATER, Esq., in the Chair.
The CHAIRMAN said,—l think it due to myself to state that
I have been called upon to fill the office of Chairman, not from
any qualifications which I possess, but upon the simple ground
that I happen to be the Senior Director. I must; therefore,
crave your indulgence for the very imperfect manner in which
I discharge the duties that devolve upon me. _You have been
called together for the purpose of receiving from the Directors
the Report of their proceedings dining the past year. It has
• been the privilege of the different'gentlemen who have filled
the chair which I now occupy, to congratulate you on the in-
creasing prosperity of the Institution; a privilege which I am
glad to say still remains time. You will hear from the Report
that we have done a latter amount of business than has ever
been done in any forther year of the Society's existence ; and
it must be gratifyingrto us to know that the number of Policies
opened from the Xommencement exceeds that of any other
Office in Scotland at the same period of its history. It is with
no purpose of drawing an invidious comparison between our-
selves and kindred Societies that I make this remark. I men-
tion it simply as a fact, which, while it is calculated to give us
encouragement, must also be gratifying to us as members of
society in general inasmuch as it shows that the value of Life
Assurance is becoming more widely appreciated. Owing to
the extant of disease which has prevailed during the last year,
the Members will naturally expect that a greater amount of
mortality has taken place among ourselves. While such is the
case, we have cause for congratulation that the deaths, though
exceeding the number in former years, have not, even in the
past year, reached the number exhibited in the Tables of the
Society ; and I may remind you of the fact, that up to the
period of investigation two years since, the deaths did not
greatly exceed one• half of the calculated amount. (Applause.)
You will have observed by the notice calling the meeting, that
steps have been taken to secure an Act of Parliament, confer-
ring the benefits and privileges of Incorporation. This will be
fully explained to you. Imlay state, however, that it makes no
material change in the Deed of Constitution. It only alters
some matters of minor detail, and makes such previsions as

are rendered necessary by the extension of our business in
England. It only remains for me to notice, that the greatest
harmony has existed among the Directors of the Institution,
during the past year, as during all of that time I do not think
we have been called upon to take a single vote. Whatever,
therefore, comes before you, has been brought forward with
our unanimous consent. (Applause.)
Mr. DONALD SMITH PEDDLE, Convener of the Committee,
brought up the Report of the Directors. After noticing some
of the points already referred to by the Chairman, he said :
As one of the Directors who retire at this time, I may be per-

mitted to compare the state of the Society,_ in ~oltp,E„,t4g9-„Witfi
at 1 eed of (N4-film ,;"6.1:, ivheti I entered office. At
the end of the first five years. the policies opened amounted to
1200; while at the end of the second five years they numbered
about 3000. The annual income from premiums, at the end of
the fifth year, was .'13.150 : and at the end of the tenth veer.

£31,344. The accumulated fund at the end of the fifth year
was under £28.000 ; whereas it is now not much short of
£lOO,OOO. (Applause.) I submit that nothing could be more
satisfactory than these results. After what has been said by
the chairman, I need only shortly notice the amount of the
claims that have emerged. Considering the almost unprece-
dentedly high mortality of the city during the last two years,
it must be gratifying to know that, even in the past year, the
number oil deaths is below the calculations of the Society; and
that, although the amount of claims emerging is greater than
has occurred in any previous year, yet the amount is very little
indeed above last year, after the annuities which have fallen in
have been deducted. He then called on the Manager to read
the Report, which is as follows :

REPORT BY THE DIRECTORS

The Directors have again the pleasure of reporting a larger
amount of new business in the past than in any previous
year.

The %umber of Policies issued has been 472 ; the sum assured
by these amounting to £213,631 155., and tne Annual Premiums
to .t 6171 Os. sd. In addition to these, proposals for a large
'amount of Assurances were offered, but declined.
It is scarcely necessary to remark that the past year has been
one of extreme pressure on the resources of almost every class
of society. So large an amount of new business could, there-
fore, have scarcely been anticipated; and it is peculiarly grati-
fying, as an evidence of the extension of Life Assurance gene-
rally, and of the growing conviction on the part of the public of
the advantages offered by this Institution. It is interesting at
the same time, in a general point of view, to notice that, so far

as tne Directors had the means of tracing, only a very small
proportion of the Assurances were made in connection with
loans, nearly the whole having been effected for purposes of
family provision. The effect of the commercial occurrences of
the past year, and of the general scarcity of money, has, how-
ever, been shown in a different way—in the unusually large
number of Assurances which have been surrendered or allowed
to expire, from inability to continue payment of the Premiums.
While this is a result which, in its general aspect, is to be re-
gretted, there is no doubt it is yet a source of considerable gain
to the common fund.

The number of deaths in the year of Members assured for
capital sums has been 32, and the amount of claims thereby
emerging .el 7 Soo; on the other hand three Annuities have

fallen in, for two of which sums amounting to .41500 had re-
cently been sunk. The third was of smaller amount. Consi-
dering the almost unprecedented mortality over the country,
the Directors do not doubt that the Contributors would be pre-
pared to expect a higher rate in their own body than has occur-
red hitherto, and they consider they have cause for congratula-
tion in the fact that, notwithstanding their increased

•,•. CADVIA 1111111 Ur( 11,
and the now advanced age of some of the members, the deaths
in the year do not exceed one and a quarter per cent. of the
whole number, a proportion considerably short of the average
number provided for by the Tables of the Society.
The net amount of Assurances subsisting at 31st December,
1e47, was .e 1,137,657 9s. ; and the income, from premiums
alone, exclusive of revenue from accumulated fund, £31,343.
The position of the London Branch has occupied much of the
attention of the directors, during the year. After mature con-
sideration, they were unanimously of opinion that it was essen-
tial for the interests of the Society that a new agent Should be
appointed to conduct the business of the Branch. Unfortu-
nately, some difference of views regarding the constitution of
the Branch, in relation to the general management of the
Institution, occurred between the General Board and the Local
Directors, which, they regret to say, resulted in the resignation
of the latter gentlemen. To their influence is, undoubtedly, in
A groat menattre, to be nttrebte tett the docideiti ISITCCCSS which
has attended the establishment of the Branch; and it is grati-
fyibg therefore to know, as the Directors do from the best of
all evidence, that their withdrawal has not in any way dimi-
nished their good will towards the Institution, and that their
influence will still be exerted in its favour.
The Directors do not propose to supply their place in the
mean time, but to conduct the business in immediate connec-
tion with the Head Office—for which the rapid communica-
tion between Edinburgh and London now affords increased
facility.

They have appointed Mr. 'WILMER OWEN HARRIS to the
office of Agent and Secretary, and they trust that, in this
appointment and in their other arrangements, they have made
provision for the continued and increased success of the Branch.
In regard to the Glasgow Branch, the directors have much
satisfaction in reporting that its progress is, in all respects,
satisfactory, and that a large increase of business has been
made in the year. They have also the pleasure of reporting the
continued interest taken in the Society by the gentlemen asso-
ciated as an Honorary Board in Manchester.
In the circula- ' '

—war letters an vertisements calling this meet-
ing, the contributors were made aware that the preliminary
steps have been taken for obtaining from Parliament an Act
conferring on the Society the privileges and benefits of Incor-
poration. The Bill contains a few slight alterations on some
of the minor details of the deed of constitution. These have
already been unanimously approved of by two consecutive
special meetings of the Board of Directors, to the latter of which
the Auditors and Trustees were invited—all in terms of Act
37 of the Deed of Constitution.

The Directors have further to report that, a vacancy having
occurred in their number, by the resignation of Mr. Robert
Robertson, they unanimously nominated Mr. AITK EN MEGGET,
one of the original Directors, in his place.
A vacancy having also occurred in the body of Trustees, by
the death of one of their number, the Directors unanimously
appointed to that office Mr. CHARLES COWAN, Member of Par-
liament for the City.

It remains for this meeting to confirm these appointments,
as well as to appoint three Directors in room of the three at
the top of the list, who now retire in terms of the rules.
The heads of the Bill for Incorporation, referred to in the
report, having been read, and the Bill laid on the table—
Mr. JOHN SCHANK MORE Professor of Scots Law in the
University of Edinburgh, said,—l have been somewhat unex-
pectedly called upon to propose a motion for the adoption of
this meeting, which, however, I do with the greatest pleasure,
because I have always taken a deep interest in the success and
prosperity of this Institution. I had many interesting consul-
tations with my late friend Mr. Cleghorn, before this Institution
was formed, and I was so satisfied of the sound and scientific
principles on which it was based, that I never doubted that, as
soon as they came to be understood, it would meet with that
general favour and support which I am glad to see it has, to
such an extent, received. There were two great principles on
which Mr. Cleghorn proceeded. The first was to make the
Premiums as low as was consistent with the entire safety of the
Institution, and so as to secure, beyond all risk, the fulfilment
of its obligations. In this respect, most of the existing Assur-
ance Companies had been misled by the Northampton tables,
and had made the Premiums for young lives—in which I in-
clude ages up to fifty or so—much higher than was necessary,
while their tables for the older lives were somewhat too low.
This error was perceived by Mr. Cleghorn, who, from more
recent and better calculated mortality tables, found that the
premiums for these younger lives could be safely and very con-
siderably reduced; and lie framed a table which all subsequent
experience has proved to be singularly correct. I am happy to
say that, since this table was framed by Mr. Cleghorn, the
Registrar-General of England lias appended to one of his late
Reports a table for the guidance of Life Assurance Societies ;
and it is very gratifying to find that the rates specified in that
table are nearly the same, and in many instances precisely the
same, with those of this Institution. Now one of the chief and
immediate benefits resulting from this reduction of the pre-
miums upon the younger lives is, that it operates as a direct
bonus in favour of every Insurer, when the premiums of this
Institution are contrasted with iose payable to the older As-
surance Societies. It operates in this way. A person of twenty
years of age, insuring with this Institution. can, for the pay-
ment of the same annual sum which otheroftiCes would demand
• for,insuring £lOO, insure here £ll5 or £l2O, payable imme-
diately on his death. The Premium payable to this Institution
for £lOO is £1 15s. Bd., while, in other Offices, it is £2ls. 6d., or
or £2 3s. 2d., and, in some, still higher. There is thus an
immediate and certain benefit secured by the lower rates of
premium. But the second, and most important improvement
suggested by Mr. Cleghorn was this, that if any profits should
be made, after paying all expenses and securing all the obliga-
tions, as must be th case, even at his reduced rates of pre-
mium„these were not to be frittered away among those insurers,
or their representatives, whose, contributions to the general
fund could never possibly have tended to make such profits,
•but should be reserved for distribution among those contribu-
tors whose payments into the general fund had come to be equal
to the sum assured. The importance of this improvement has
never I think, been sufficiently estimated. And truly the
practice which has prevailed in several highly respectable and
flourishing Mutual Assurance Societies, of giving a share of
what they call their bonuses or profits to the representatives of
every insurer, who has been such for five years, is, to say the
least, very stranges'and seems to indicate a very limited know-
ledge of the true principles of Life Assurance.. It reminds me
of the old rule by whi h originally all lives, whether young or
old; were equally insured at the same invariable rate of 5 per
cent. The absurdity of this rule was soon discollid ; but
truly the other is not much less absurd. Why, in I r seven
years, every life should get the same share of wha re called
profits, is utterly incomprehensible. The delay is plainly in-
tended to approximate somewhat to the sum assured ; but this
can never be done upon reasonable principles, till there be a
graduated scale, corresponding to the age of the parties, ac-
cording to which the profits shall be distributed among the
policies which fall. If any Office were to insure a person at 75
years of age, which, I dare say, few Offices would do, I have no
doubt the premiums would he so high that, in five years, it
would approximate to the sum insured; and if this sun were
£lOO, and if 2 per cent. yearly of profits were to be added, for
each of the five years, supposing the policy then to fall, the sum
payable would be £llO. But suppose a young man of 20 to
insure .LlOO at £2 a year, and to pay the premium for five
years, and then to die, his representatives would equally draw
2 per ceat..yearlv.upon his policy, and would also get £llO, so
that all that the (Alice would receive by this transaction would be
the intere4t upon the premiums which had been paid. Nothing,
surely, can be more absurd time this. It might be thought
that these representatives, drawing the :till° insured, or 4:90
more than they had paid into the office, would get a sufficiently
handsome return. for the• policy s and, why, over and shove, -
they should have all the presniun4s returned to them, under.the
name of Wins, i cannot conceive. Yet this io the footing upon

Which a great deal of insurancebusiness is done ; and it is very
apparent how greatly such a system must withdraw the profits
from those who alone contribute to their being formed. Even
in this Institution, low as the premiums for the younc..- '•
are, I know that such an ample provision was ..._
Cleghorn for the expenses of management and for conti
losses, that there must ultimately be very considerable p
realized; and surely those by whose contributions such r
are realized ought to draw them. This is the principle (
the main improvement made by Mr. Cleghorn' •
though the prosperity of this Institution 1— -
able, I am far from being surprised at it ; and I am p
that, the more its principles are known and studied, t.
favour will it receive from the public. I desire to make
vidious comparison with other similar Institutions. I
in the prosperity of all of them, because I see in that pr(
much that must conduce to the moral and economical
of the community. And all I wish is, that, in the d,
their management, they simuld be guided by sound an
tific principles. I observe that, every year si ice
mencement of this Institution, its business ha been
and progressively increasing. I see that, dunk its fi
182 Policies were issued, and that, in each succ(
number has been regularly increasing, till, d ing
they amounted to 472, being 56 above the
.prec ng 3
low me, then, to congratulate this meeting the
prosperity of the Institution, and to propose' b 11(
tion which has been put into my hands?—" ^ th
approve of the Report by the Directors, now , ai
the appointments thereby madi
introduced into Parliament by th e
for Incorporating the Scottish Providen
firming the Laws and Regul.:• is
Society to sue and be sued, to tab., _ )1
for other purposes relating to said Society T
,
read ; and of the alterations upon the Deed t Co
proposed to be thereby effected ; and authorise
to proceed with the requisite measures for ha
passed into a law, subject to such alterations as
by Parliament, or as may be considered exped.
Counsel" to whom it shall be remitted by the D
revisal.
Mr. JOHN M'Canw said, before qgre.

ttter part of the motion, altt

farther, approve u.
e Directors, entitle(
Instit-- •

brmed v

the Directors, I would like
alterations which the Bill referred t
Constitution ?
Mr. JOHN HUNTER, jun., said,--I
M'Craw should be satisfied upon th
very first clause, contains a distir
thing herein co tamed shall retie,
from any contract, responsibility,
gation to which the said Society
liable, but the same shall contir
been in •orporated under this
herein contained shall be heir'
of Constitution, and Laws ar
any of the powers therein co'

other alterations of the said De
be made, in virtue of the powers

alterations whatever on the Deed
or two minor matters, rendered r
the business to England. Indef

every person who may hay(
is bound to enter into a ref

case of Members resident i
dispensable that some alters
Act of Parliament. The B,
•

having.

arbitration at all. It gives
ing to enforce their rights
open to all, or to insist on t

'ear, tti

Englanii, the arbitration may
forcing them to go before the
will be observed, is a provision,
and others, who may have clair
respects the Bill confirms the pi
talon, and merely confers on t
valuable benefits and privileges
bodies, which carry on busily
Ireland.

Tot; for enabling the said
ld to hold property, and
• has note• bees

option ei

or shall

he partie

➢lr. J. F. MACFARLANE said, I have I
upon to second the motion approving o
now been proposed by Professor ➢io
enter so minutely into the question

It by the

Edin

lie precise
r Deed of

Learned Professor, as I have had
larly directed to another—a very d
Institution, with which I am corm
I look on all these Institutions a
object in view. The business of
infancy. Every one of such Instil
form one of our national defences.
about this of late ; but it annears ti

LoTTS just

made or tc

Or Koc

this kind spread, every one of them wil
the preservation of good order, and for r
vailing here and elsewhere. Certainly NV
naval and military establishments might
together. (Hear.) In reference to tin
have submitted, it is well that the que:
3l`Craw before the approval of the met
it has been put, and distinctly an
he satisfied there is no invasion c..,
holds, or any thing introduced that
only what is essent

,swered; every

But; after

my right which
is calculated t