The Sun. — 1842-01-24 (London, England)

THE REGULATIONS OF THE COMPANY. A Deed of Settlement will be forthwith prepared for regulating, the affairs of the Association, and for limiting the responsibility of the Shareholder, until either an Act of Parliament or a Charter may be obtained ; such Deed to be settled and approved by Counsel. The Capital of the Association shall consist of Five Hundred Thousand Pounds, divided into 20,000 Shares, of 25/, each. The Deposit is 21. 10s. per Share; which, it is expected, will be sufficient to obviate the necessity of any further call ; and Interest at the rate of Five per Cent. per Annum will be allowed upon all Deposits from the time of payment into the Bank of the Association. The Accounts shall be audited yearly. The original Directors and Auditors shall remain in office five years ; after which time Three Directors and one Auditor will retire annually ; but will be eligible for re-election. Any vacancy which may occur in the interim, either among the Directors or Auditors, will be filled up by the remaining Directors.  a• ,i,.••••• re A Special General Meeting of Proprietors shall be convened by public Advertisement in the month of July, 1847, and afterwards annually, to receive a Report of the progress of the business of the Company, and an account of such other matters as the Directors may deem it proper to submit to them. The Qualification of voting by Proprietors at every Special and General Meeting shall be according to the following scale, viz.:—  The Holder of 15 Shares shall be entitled to One Vote.  22 23 24 25  ... 25 ... Two Votes. ... 50 ... ... Three Votes. ... 100 ... ... Four Votes. And an additional Vote for every subsequent Fifty Shares. But no Proprietor shall have a Vote in virtue of any Shares unless such Shares shall have been at least Six Months in his or her name, previous to such Special or General Meeting. Assurances may be effected for 50/. and upwards, not only on the lives of persons resident in the United Kingdom, but also on the lives of parties resident anywhere within and even beyond the limits of Europe, including Foreigners of all nations at Rates proportionate to the nature of the risk. To Naval and Military Officers, at home and abroad, every facility will be given for effecting Assurances on their lives. Ladies and others, to whom it may be inconvenient to appear at the Office, will be visited at their residences by a Me dical Officer of the Institution. The business of this Office also embraces Assurances en Survivarships ; tke granting and purchasing of Annuities, immediate, deferred, or Survivorship ; the purchase of Contingent and Reversionary Property; the endowment of Widows and Children ; and the advancing of Money, on Annuity, Mort age, and other available Securities. The annexed Rates of Premium are as moderate as consistentj with perfect security. They are constructed on the principlo. of affording to the Assured the option of either securing  32 33 34 35  a fixed Sum, or of having it increased by a participation in the Profits Assurances may also be effected by a single payment, by a payment for a number of years certain, or by any other mode as may meet the views of the Assured : and the Premiums may be paid either yearly, half-yearly, or quarterly, at proportionate Rates. Attendance wll be given daily at the Office, from Ten to Four o'clock, where Assurances may be effected, and Loan granted without delay. No Charge will be made on parties assuring, under the head of entrance-money. admission- fee, er otherwise, beyond the Stamps for the Policy. Ai the most scrupulous care will be taken at the time of effecting the ,A saurance, isi making all proper inquiries, no Assurance, when mice completed, will afterwards be questioned or disputed, except in cases of manifest fraud or misrepresentation. Policies assigned for bona fide considerations will not become void by death from suicide, duelling, or the hands of justice ; and in cases where Policies shall not have been so assigned, a discretionary power, founded upon the most liberal coniideration, is vested in the Directors to return to the Widow or Children of the assured the whole, or any part of the Premiums paid. All Claims on the Company in respect of Assurances will be paid within three calendar months after satisfactory proof of the death of the party, or immediately after such proof ou the allowance of discount.  ADOLPHUS COURVOISIER, Secretary.