New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-06-07
National Loan Fund and Life Assurance
society.



From the London Sun. May H. lsiI.
r., annual meeting of this society was held on
,,,.s,..s,x shortly afer Gre o'clock. a, the London
1-..- pi,bopssa,est 7. LAME Murray. Esq IN the
chair.
1hs Chairman called upon the Secretary 10 commence
Il, -.s.ssy, By reading the advertisement convenius
the meeting 49,,
", Ferguson CAmroux. the Secretary read the sd'
..,,sr,an, which stated that the meeting was an an
mai one and that would be necessary for the prope
a., cleo, three directors in lieu Of John Ehi'ton NJ
D FRS. Clement Tabor Esq. Joseph Thompson Esq.
ho.s per,od Of Office had expired bu, who being eli
gibs 10 be reelected. offered themselves accordingly
and for the confirmation of the election BY the Court Oh
Directors Of Henry Fenriek ESQ. Director In leu
Of John Firth Esq also for the election oil TWO au'i
or. in plsee Of Professor whes,tone F. R. : sud Pro-
t..,o, Graves. A MFR $ whose period Of office bad
ala, expire. but who being igibe TO be reelected Of
iered themselves accordingly.
The Chairman then called upon the Secretary to read
the report which follows, and which was senea
IN with great attention by the meeting
EIGHTH ANNUAL REPORT.
rA sr,r.I rsners meeting Of the Society szain AZ
,,d M. Directors the pleasure Of meeting me Prophs
lor. being the eighth time since ~ ns1Iu.lon, ..,
TIE pas. year. owing 10 variety OF coneutr
,ensng 10 depre.s the great staples OF our naone mo
nv 20 gment the ordinsy expenses o. ~ IT, 80
~ Ts .fring an but Tide favorable 70 the progress
Of life sdded TO wsieh parry owns 70 sc
on mortality hss been greater than IL the same gen Pc
rod for many years -. Il, -. ..u,s,- ~ .at.,.
N ANYTHING required 10 test The soncily Of caes
9ns On winch the principle Of life assurance is bssed
M vrail as the advantages Of the system ilse "ouit
Suod in the ordeal through which N bfaIeh Of NC pun
49, ,,Tv bss ps,s-d during the last Twelve monihs
II /. evident this impression Is more hSh Ss ~
deep root among ths general eoInmnn,{ dniS ,pnsar
~ al rffal.I v aNl
~ fsIsr policies have been allowed TO spse mar IN sy
preceding period. however pr9,Petous ~ srnsestsd
~ 1rosre,s Of the National Loan Fund has not been
app.renily sheced by these sdVerse Ssus 800, 1 ,,ch
sirrs N. frat Institution has The society maze sucn
asrised and solid advances is income "a; ~ ~,
wear, doubled and Il il Satisfactory 20 10
ss ba, been owing, 10 great messufe 20 W =
i ~ he principle. which 1t 10 esia0iished wien
en 10 meet sneours cement snd patronage NE more e'
% s, development the attention Of the director, ss
bsaa ipeesssnty directed Difficulty es OF no oanss Inc
80 bsen tbroJyn In their wsy. They are nsppy; now
sS no be able TO that hey have been enN'sy sur
/ mounted. a., - ,.,sd he The sirrnan
nncples OF The Society had penetrated and began
~ be extensively appreciated IN Other countries -,
that period htte more than the eomuenc eienl 9l ~
ts been made IN the United States, and but slg M
xreruce Obtained either IN regard 20 the chss OF
rd.rskru or Of the management ana charsc'et or .s
agency The directors found i necessary 20 Inose ~
extreme caution ard prudence each successive Yep ~
thu r-sulI Of success on me on bicb snv ~
thing occurred TO destroy the cortdeu'e on Which ~ a.
rangeent had bee built the directors would hsve oeen
The undertaking WITHOUT
rro1rni,ing The safety or welfare Of the Society
Tte society may be considered a. ARMY eslao'
ushsd I'm he Csnadss and the United STATES under me su
Ssnee OF Directors there Of urquestonsbe station ong
standing and wealth. and The management mas been mac,
Frent and Al the time a. much under me coniro
If your Directors here az sny one OF lhe NUMEROUS as1
ITO .ssfv he views the Directors appointed 10 con
duct the business IN New Yors ard 70 give saoiy s ~,
rit 10 the Society the Directors have consented 10 in
vest Gum Of m1n~y In the stocks OF ne bnteu Sa1's
which ahoug Al he time considerable, j. uo~ not eqs
fr rour fpff I'd
Ths suin Is under oin ru'eeshp, and 10 as equa"y se
cue IS b,ve Teen occupied with the extension
,fthe society n another direction The psn OF De-I,e
Aunuite. published by the Society has been uulng u"
r.st vesr undsr discussion among tie various Orders
Friendly and sft Societies. IL Wa. pinclpaS lVI wv
ter II the industrious masses that MS pan OF Dreie'
Aunuities was originally proposed ~ VIZ No loil y
~, ,ronts of these cas.es 20 remedy The evils an
--ct Inc abuses ~ the present Imperfect system NJ
SO 80 ,.sDurres-noue have 10 encounter such sever
J1tie. al an advauced period OF life and yet mere ar
non. y hose present resources are sotrlhessy
irnnrovdeptiy wasted. The conviction Of this Tact
/ herorling daily more extended Experience has pInNe,
,Sst ibe.e Institutions however useful associs no TREND
y rsUoons or as SICK uhs can scarcely ne reeo GU
| The slsy and support OF old age a.. s,.,., Nth az
.'In order 10 connect more closey ne y, .3
three principal bodies composed Of about 600 ueu
ais and 70 urdef.tand NE praees Ha sssr ~ % rSeor
i've ofcebssrers smong these bodies and whose labor
! have already commenced. , - 49,, ,,oo,., q
..Ths mortality among the assured mas oesn g1eA.r
M than IN any previous one, Win the exception
or tie wear lTi3. Up 10 the END OF ~ the
,ng he assured amounted % t51l1l a. since ihen
esims have been paid on tweniysH policies smounIin
a. rfO8I29a 31 being less however, than tne eAPeee
mortality on he wear by the sum OF tb@f bs ~ anu
fe hole ~ perted claims since the formation oi me Sc
/ Cl-ty by Gl6.482 = %. e t,..
he date of he last meeting the number OF poiiee
thep issued wa $3.50. These have since augmented u
sos exhibiting ncTease Of policies tbl5 lie pfcsth
irroule N the Society "a upward # 40 GOO.
The Directors in conformity Win me deed on settle
t have csussd Inc frnual iLvesg cation into the siair
N he Society CD be made by the Acuary and II 10 nov
presented together with The accounts OF the AUDITORS AZ
WILDE resd 10 the meeting. Following We pan OF OF
| tribut'ou laid down the preceding snnusl DIVISION
nrofts Of akng fifth OF tie resrrye fund ior imm'
dise dstrbuton 20 the propnetors and policy holders
Eve year. standing he prosperous position OF The 81
ci.v the Directors amer reserviug so per cent
| hi. ,un TO divide among the pOlcyhodefs entled !
mis- distribution revefsonaTy bonus varying rom %
FL nr cent on the premiums and 20 the propnetors DO
ma of 81 per the past year In addition 10 me regu
, | lar interest OF per cent already paid to them.
1.-THE following table, prepared by the Actusry, exhibit
the amount % The five last annual bonuses 10 which III
bo5ers of policies OF FIVE year. standing have become ~
ied i'm the option Of receiving the same In cash, or
a6diton 10 their policies, IN reduction Of annual pr
miums