IMAGE EVALUATION TEST TARGET (MT-3) V // & ^ 1.0 I.I 2.2 |50 I^ 1^ IIIIIIO 1.8 1.25 1.4 1 6 ■* 6" ► V] <^ /a ^l. ■'cf-l g c" c^J JX 14X 18X 22X L 26X 30X 12X 16X 20X 24X 28X J 32X The copy filmed here has been reproduced thanks to the generosity of: Harold Campbell Vaughan Memorial Library Acadia University L'exemplaire film6 fut reproduit grdce d la g6n6rosit6 de: Harold Campbell Vaughan Memorial Library Acadia University The images appearing here are the best quality possible considering the condition and legibility of the original copy and in keeping with the filming contract specifications. Original copies in printed paper covers are filmed beginning with the front cover and ending on the last page with a printed or illustrated impres- sion, or the back cover when appropriate. All other original copies are filmed boQinning on the first page with a printed or illustrated impres- sion, and ending on the last page with a printed or illustrated impression. The last recorded frame on each microfiche shall contain the symbol -^ (meaning "CON- TINUED"), or the symbol V (meaning "END"), whichever applies. Maps, plates, charts, etc., may be filmed at different reduction ratios. Those too large to be er.cirely included in one exposure are filmed beginning in the upper left hand corner, left to right and top to bottom, as many frames as required, The following diagrams illustrate the method: Les images suivantes ont 6t6 reproduites avec le plus grand soin, compte tenu de la condition et de la nettetd de Texemplaire film6, et en conformity avec les conditions du contrat de filmage. Les exemplaires originaux dont la couverture en papier est imprimde sont film6s en commengant par le premier plat et en terminant soit par la dernidre page qui comporte une empreinte d'impression ou d'illustration, soit par le second plat, selon le cas. Tous les autres exemplaires originaux sont filmds en commenpant par la premidre page qui comporte une empreinte d'impression ou d'illustration et en terminant par la dernidre page qui comporte une telle empreinte. Un des symboles suivants apparaitra sur la dernidre image de cheque microfiche, selon le cas: le symbole — ^ signifie "A SUiVRE", le symbolc V signifie "FIN". Les cartes, planches, tableaux, etc., peuvent dtre filmds d des taux de reduction diffdrents. Lorsque le document est trop grand pour dtre reproduit en un seul clich6, il est filmd d partir de Tangle supdrieur gauche, de gauche d droite, et de haut en bas, en prenant le nombre d'images ndcessaire. Les diagrammes suivants illustrent la mdthode. 1 2 3 1 2 3 4 5 6 ^-■-^ I i NATIONAL LOAN FUND, AND DEFERRED ANNUITY SOCIEfY. lEmpototwU liB ^tt of ^dianwnt. 26, CORNHILL, LONDON; AND HALIFAX, NOVA SCOTIA. LONDON: » n 'GAtTV 5s of\ PHiMT'T?.!!?! AVTi Rl' ATTONICHfi- ft^ flORNHILL <3 ^ M« -3 MDCCCXt. I IP NATIONAL LOAN. FUND, LIFE ASSURANCE, AND DEFERRED ANNUITY SOCIETY. \ # OAPITALe £600,000: T. LAMIE MURRAY, Esq., Chairm*k. ROBERT HOLLOND, E«a.» M.P. GEORGE LUNGLEY, Esq. JOHN RAWSON, Esq. Coi. Sir BUROES CAM AC, K.C.S. J. ELLIOTSON, M.D., P.R.9. H. GORDON, Esq. ' JOSEPH THOMPSON, Esq. flultUots. DR. OLINTHUS GREGORY, F.R.A.S. PROFESSOR WHEATSTONE, F.R.S. mmtian. Sutgeon. J. ELLIOTSON, M.D., F.R.S. I E- S. SYMES, Esq. 37, Conduit Street. | 38, H.ll Street, Bkukfxev Sqvar.. Actuarff. W. S. B. WOOLHOUSE, Esq., F.R.A.S. Mkmrs. LADBROKES, KINGSGOJE, & CO., Bank Boiloinos; and Messrs. WRIGHT & CO., 5, Henuietta Street, Covent Garden. fttanUfng »'» 111 any number resort to Life Assurance for the provision of a Family: hence to them the construcfon of these Establishments is less inviting than to hose of a certam .ncome, however limited. Again ; the occupa- tions and engagements of this class, by far most numerous important, and wealthy in theaggregate, expose them to vicis- situdes, in reality only affecting the few, yet the apprehension of which, and the uncertainty of continued income; deter them from entering into contracts for Assurance; where the advan. tage, being so remote, is moreover made to depend on the chances of a permanent state of prosperity, over which the most prudent have no kind of controf Against the class above mentioned the door of Life Assur- ance IS at present closed: few will venture across its threshold. 8 who, being uncertain of the future means out of ^vhich to make gooa the payment of the annual premium, may ^"fl"' *»"»- selves, widi the low of their policy, to the mortification of liaving spent their money in vain. To remedy the defects of the present system, the application of a ne,v pLiple is required; viz. to mal:e tl.e advantage derivable from an annual saving, or accumulation conhn^m* „„ too «• more chances-death or mUfirtunedun^ "" ffZi of the party a«^ed. In the one case, tlie benefit would read^ the survivor ; in the other, it wmld commence mfavowr of the assured himself, at the very point of permanent or temporary embarrassment. By the present plan of Life Assurance, the benefits arise upon a single contingency-the death of the party assured ; and this again contingent on the regularity in the payment of "e lual premimn. But it has been shown this can only be p omised, o'r wisely undertaken, by those having a specific and Sn income; and, therefore, to include all classes, those who do, and those who do not possess a cettain income, that nlan of Life Assurance would far surpass all others in utihty Ld attraction, which would convert the annual saving or pre- „,ium paid by the assured, eitUer into a protecUon to Um m the Zent of misfortune-the means of promottnff, at all times m^ Tresent iNTEREST-or a pTOvisiou FOR HIS FAMILY at death. Compared to the interest an individual takes in himself, the provision for his family is secondary, notwithstending the Length of the latter feeling in the human breast; and it will be c-sidered by every one, at least of equa importance to protect himself against the occurrence of casuamesand reverses ^ohile Iwing. as to provide for his family at death. Bv the plan of this Assurance Society it is proposed to join together these two strongest of human motives, and by this means to give the most powerful encouragement to lay up a provi i n for the future. It is therefore proposed that the fund r:C nut of the premiums paid by the Assured, will be made HIS of the contract on Ihe Policv ,tS ' ^ •""™*"' which the assured Mill LemkM A^' I ■""■^'^' ""' "^ borrow equal to ^1)1^70 t^r^rt^Xr"'"''.,!'' «..*i-B..Ceits;xiits,"^^^^^^ ;.~edthe,eadi:^i^^^^^^^ bui. of societU:Si:j>r::.r .w!:i:';7'-' ^reat class— wdio for wan<- nf J \. ,! f^o?'«« to that and even is protected ^gaiLt his neglige i"i„Thr"^ of discont nuino- his DavmAnf« i • ^ ^ "^^» ^» ^" the event tbeless. receive^athiLLri!:':i7':r ?'»'!- -"• -er- after «ve payments. "'"•■■"•« ""ati-eiiM expended To the Widow .nd younger Child,™, when ^Jf^J"*^' „i.im in tlieir favour, a special additional Bonus « :;:;; itZ :^Z1Z >; mo'st frequently the ^ea«,t Stune: and .„ this class a "-">"' "/."P^l^:,*"^^^ by enlisting the feelings of affecUon in aid of a general tpmt of prudence. Objects of thb society— p,„^A Life Assurance may be effected -*J«^X%S or by an Annual Premium, «hich may be paid monthly, quarterly, half-yearly, if more convenient. .W,_A Life A..ur.ic. r^.'^-^^^^JZ^JCl^C pay^enu on . g''^"'"'? ""-r^l i" r^Z id te,»ia.bl. Rale» of Premium, varymg ewli 8v« or ten yean, or not at the option of tiie Assured. nirdl^K Life Assurance may be effected on the Life of another. on Joint Lives, or Survivorships. f.,„M;j,-An„uities immediate, deferred, or contingent, ,.111 be granted : also endo«ments for Children. -r:roXi:.rLv:T=f:^-Bru West Indies, and all Foreign Climates. 2. Uses — The assured will have the option of converting hi. Policy, .t ^ «■»'• into the following uses, viz. First-li^io an immediate payment of its present value. 5.o«%-Into a new Policy, without any further Premiun,. payable at his death, equal in present value to his onginal Pohcy Thirdly-lviio an Annuity of equivalent value. Fo«r^A/^-IntoaSecurityonwhichhemayborrowequaltotwo.thirds of his payments. ™«.-In the event of negligence or inability «° 7.';°"',™ ^I^l Te^-™. by "hich his Policy would become 'o*^^;""//;., Ltativcs win. neve«h_e.ess, recede ^-Jhe Societ^^^^^^ ^^ ^^^ . ;;;yrr<::-«« of »" W^nVmade- after the «rst hve years. 9' Loan Fund— First-.The auured may at anj/ time act upon thU Fund to the extent, as before, of two-third. of hu payments as a Cash Credit, upon giving notice to the Office or Agent at each Branch of the Society. Secondfy-The sum borrowed maybe for a permanent or temporary period ; but irregularity in the payment of Interest subjects the Loan to be recalled. Edi!i?*7'^p',.'^""" """'■"'^ "° "'• ""^^ "^ P^««'« ^•J'o »»y •"'vc the Bonuses twl^ !, r! '^' ^^^ '° '•** '°"'- °^ ■* '■«^ y^*'" »>• «°t"l«d not only to borrow two-mrd, of h,s paymeut,, but to recciv. a, a right the full value of the BonuBe, so b*ceed the Full Amount of his entire payments. 4. Bonus — i^r«<-Two-third8ofthe Profits estimated Annually after the first three or five years, will be divided amongst those assured for life, on a participating scale of the Society, and the Profits of the Gua- rantee Fund, invested in reversionary and other Interest, will be estimated in each division. Secondlt/-E,ich Bonus, at the option of the assured, will be paid in money, or applied to the reduction of the future Premiums, or an equivalent added to the Policy. 7T4irrf/j/-.Each Branch will be entitled to a separate Bonas, founded Mpon a calculation of its success. 4. Specialty — When a claim on the Society becomes vested in the Widow or younger Children of the assured, a special Bonus will be added to the Policy on Its payment. The attention of the Directors is unremittingly given to the dittusion of the principles of this Society throughout each district of the United Kingdom, upon a new plan of local advantage to the assured; several Branches have already been established, and others are under consideration. Influential individuals desirous of instituting a Branch of this Society, or forming themselves into a Committee for that object, by ad- dressing a letter to T. Lamie Murray, Esq., at the Office of the Society, will meet immediate attention, or. if the prospects , „,^ sutuviciii, will receive a visit or that purpose. CONDITIONS OF ASSURANCE. Policie., whether the premlumi be payable yearly, half-yearly, quarterly, or in any other manner than by a single payment, will not be considered in force if the premium, remain unpaid beyond one calendar month after becoming due ; but on satisfactory proof to the Directors that the party or parties assured continue in good health, the Policies may be revived at any period within twelve months, on payment of a fine of ten shdhngs per cent. on the sum assured. A Policy will become void if the paity whose life has br-en assured shall die upon the seas, except in passing from one part of the United Kingdom to another, or in passing or repassing between any part of the United Kingdom to any of the Islands of Guernsey. Jersey, Alderney, &ark. and Man, in decked Vessels or Steam Boats, or in passing in time of peace m Queen's Ships. Packets, or Passage or Steam Vessels, to and from British and Foreign Ports between the Elbe and Tagus both inclusive, or unless the party shall pay. by way of premium on the amount assured, for the sea risk at the rates then in use by the Society. The policy will also become void if the party shall enter into or engage in any Military, Naval, or Preventive Service whatever, without the previous consent in writing of the Directors ; or if the party shall go beyond the limits of Europe, unless the extra risk •ball have been previously paid to the Society, according to the tables of extra risks for Foreign Climates adopted by the Society But in respect of such parts of the Gulf of Mexico, the West Indies and places adjacent M are comprised between the limits of lO" and 34" North Latitude, and between 37» and lOO" West Longitude from Greenwich ; and in respect ot the coast from the mouth of the River Orinoco to the mouth of the River Amazon, and the West Coast of Africa, except within the limits of the Colony of the Cape of Good Hope ; and the East Coast, from the Equator to the limits of the said Colony.-^pecial permission must m all cases be obtained from the Directors. A«.uranc£. ^ade by persons on their own lives will not become void if they die bv their own hands, by duelling, or by the hands of Justice, but they will become void if they die by their own hands within seven years from the date of the Pohcy, save to the extent of any bona-fide interest Ihctein, acquired by any other person or persons under an assignment, tor « Taluable consideration in money, or by way of security, or indemnity, or bt virtue of any legal or equitable lien, upon proof of the extent of such interest being given to the satisfaction of the Directors ; but if any person assured upon his own life, die by his own hands, within the time aforesaid. the Directors shall be at liberty, if they think proper, to pay for the beneSt of his family, any sum not exceeding what the Society would have paid for the purchase of his intcre»i in ine roue-/ u r. «»« "^en curre..-,..r Society the day previoui to his deceue ; provided the interest in such tsiur- juice shall be m the assured, or in any Trustee or Trust,«eo. for him, or for his Wife, or Children, at the time of hit decease. The Society will in all cases require proof of the age of the p. rson whose lite IS assured, before payment of the Policy, unless that fact shall have been previously ascertained and admitted by endorsement on the same. Upon the death of the party assured, the claimant shall, if required, make satisfactory proof thereof to the Directors, and also of the time and manner o! -uch death. All claims will be paid within three calendar months from proof of such claim to the satisfaction of the Directors. Ifany difference arise with regard to a Policy, such difference shall, at the option of the claimant upon such Policy, be submitted to the arbitration of two persons, (one to be appointed by the Directors, and the other by the claimant,) ose award, or that of the umpire named by them, shall be conclusive, N.B.— An Assurance may be effected at th<* : 'k e of the Society or at any of its Branches. The General n.jcfing of the Directors is on each Tuesday and Friday, but to facilitate business, a Board, with a Medical Officer, is in daily attendance at Two o'Clock. 6 ENGLISH STAMP-DUTY. The Duty on Life Assurances, as fixed by the 55th George III. cap. 184, and 5 & C William IV. cap. 64, is for Suras, Not exceeding £50 . £0 Exceeding £50 „ „ lOO . . » loo and under 500. . 1 Amounting to 500 „ lOOO . . 2 » ». 1000 „ 3000 . . 3 » » 3000 „ 5000 . . 4 »» M 5000 and upwards 5 ftnd is only chargeable on the first Payment of the Premium. IRISH STAMP-DUTY. Not exceeding £50 . £0 2 ft Exceeding £50 „ „ 100 .. 5 » 100 and under 461 10 9;^ . 10 Amounting to 461 10 9i „ 923 1 6^ . 1 95J3 1 Gi „ 2769 4 7^ . 1 10 iim 61 nd upwards u u 8 PRElVimMS for the AiBurance of iSlO^ on a Sikol* Lir«. AoB next Birth- Day. FOR LIFE. For One Year only. iNNUAL rHEMIUMS. SINGLE PREHIUMS. Without Profits. With Profits. Without Profits. £, «. £?. £. *. d. £. s. d. &. g. d. 15 9 6 1 12 10 32 2 15 6 16 10 3 1 13 8 32 12 3 15 10 17 11 1 1 14 6 33 4 6 16 4 18 11 11 1 15 5 33 17 16 8 19 12 9 1 16 4 34 9 7 16 11 20 13 7 1 17 4 35 2 4 17 3 21 14 6 1 18 4 35 15 11 17 7 22 15 5 1 19 4 36 9 4 18 1 23 16 5 2 5 37 3 4 18 7 24 17 5 2 1 ? 37 7 5 19 2 25 18 6 2 2 9 38 11 10 19 8 26 19 7 2 4 39 6 10 4 27 2 8 2 5 3 40 1 9 1 28 2 1 10 2 6 6 40 17 1 11 29 2 3 1 2 7 10 41 12 2 3 1 80 2 4 4 2 9 3 42 7 4 4 2 31 2 5 7 2 10 7 43 2 7 5 2 32 o 6 10 2 12 43 18 1 6 1 33 2 8 2 2 13 6 44 13 7 7 34 2 9 6 2 15 45 9 1 8 1 85 2 10 11 2 16 6 46 4 10 9 2 36 2 12 4 2 18 1 47 7 10 1 87 2 13 10 2 19 9 47 16 8 . 10 10 38 2 15 4 3 1 6 48 13 [ 11 5 39 9 17 3 3 4 49 9 10 1 L 11 9 40 2 18 8 3 5 3 1 50 7 1 1 ] 1 L 12 2 PREMIUMS (eontinu4d). Age Next Birth Day. FOR LIFE. ANNUAL PREMIUMS. SINGLE FRRMIUMS. For One Year only. Without Profits. With Profits. Without Profits. £. S. d. £. ». d. £• 8. d. £. » d 41 3 6 3 7 3 51 5 2 1 12 6 42 3 2 6 3 9 5 52 4 2 1 13 43 3 4 8 3 11 10 53 3 11 1 13 4 44 3 6 11 3 14 4 54 4 4 1 13 10 45 3 9 4 3 17 55 5 4 1 14 4 46 3 11 10 3 19 10 56 7 1 1 15 2 47 3 14 7 4 2 11 57 9 8 1 15 11 48 3 17 7 4 6 2 58 12 10 1 16 10 49 4 9 4 9 8 59 16 9 1 17 9 50 4 4 2 4 13 6 61 1 6 1 18 10 51 4 7 10 4 17 7 62 7 7 2 52 4 11 10 5 2 63 14 2 2 1 6 53 1 4 16 1 5 6 9 65 1 1 2 3 4 54 5 8 5 11 10 66 8 7 2 6 55 5 5 6 5 17 2 67 16 5 2 10 9 56 5 10 6 6 2 9 69 3 9 2 15 6 57 5 15 9 6 8 7 70 10 10 3 2 58 6 1 4 6 14 10 71 18 1 3 4 11 59 6 7 3 7 1 5 73 5 4 3 9 6 60 6 13 6 7 8 4 74 12 6 3 14 8 9 2 Examples : — A person at the afje of 25 ^next hirth Jnv^ k„ ii,„ „• / 19*. 8rf.. will h.re insured the .um of^lOO SouTd htllh\ '""^le payment of of one year from the date of Insurance ' ^^'''^ '^'PP'" '"''^"^ "'^ ?="«'» Or, he will secure ^£"1 00 at his death, bv Davinn' ^1 Iflo fl-v ^ h , . remainder of his life : or by the annual p;ymcm'S'J 2 LtsT/WT'^ ll' he win also be entitled to participate in'thl p.oLfollJso'd^t; tc.fd^ i n'*" '"- With very shght v.ariation, the Premium may be made out in hnlfZl.lT \ , or monthly payments, according to convenience half-yearly , quarterly, In all cases the Life of s FEM.iLE will l.o ,cc,..^ „. . t y- .„, THK ACTUAL ABB. " "° " ^"^^ "^^ !''*=*« «■»» THAN 10 IMMEDIATE ANNUITIES Granted Ui Avwy JSSOO deposited. I* I Aat. Payable Annually. Aot. Payable Annually. 20 • 5 8. d. 3 5 48 £. 7 8. d> 2 21 5 4 3 40 7 4 11 22 5 5 50 7 8 23 5 6 10 51 7 11 5 24 5 6 9 52 7 15 1 25' 5 7 7 53 7 19 26 5 8 7 54 8 3 3 27 5 9 7 56 8 7 8 28 5 10 7 56 8 12 5 29 5 11 8 57 8 17 5 30 5 12 8 58 9 2 9 31 5 13 9 59 9 8 4 32 5 14 11 60 9 14 3 33 5 16 61 10 7 34 5 17 2 62 10 7 3 35 5 18 4 63 10 14 5 36 6 19 8 64 11 2 1 37 6 11 65 11 10 4 38 6 2 3 66 11 19 2 39 6 3 8 67 12 8 9 40 6 5 2 68 12 19 41 6 6 10 69 13 10 2 42 6 8 7 70 14 2 2 43 6 10 5 71 14 14 10 44 6 12 5 72 15 8 4 45 6 14 7 73 16 3 46 6 16 11 74 16 18 9 47 6 19 4 75 17 15 6 Ex*iirLi;--A person at the age of 50, by Payment of ^100 will receive a.- Immediat* Annuity of ;£? 8«. the reit of hi» Life. DEFERRED ANNUITIES. I. Amongst the several remedies proposed to mitigate or diminish the burthen of poor-laws, none has hitherto been brought forward or adopted that would either induce or afford faeibties to the able-bodied members of society, to be respen- sible for their own support. n. In a state of employment and health every one may be assumed capable of self-support ; competition has, no doubt, reduced the rewards of labour to the standard of existence, rendering it the m.re necessary that the smallest surplus, over exigencies, should be carefully husbanded, in order that, by the best facilities given to economy and the application of means to ends, it may be rendered capable of supplying tlie deficiencies, caused by want of employment, sickness, the several casualties of life, and by old age. Over the frequent fluctuations in the quantity of employment, the employed have no control; and, as the cause is not dependent on fixed laws, but most frequently on the contingencies which affect the quantity of money, their duration or occurrence cannot be submitted to calculation,-at any rate the remedy is beyond their reach. "' III. The two institutions open to the productive classes, are Savings Banks and Benefit Societies, whose nature and scope, when examined, will be found to offer but a very imperfect remedy against the evil, being institutions wherein the limited means of tliis class are not best made applicable to their several ends. Savings Banks are of unquestionable utility, but they afford no contingent future advantage, and, besides, the sum that can be h( rded is incommensurate with the wants of the mid- dle productive classes. Benefit Societies propose to offer provision in sickneis and old age, but their construction will be found imperfect, and their plan the least profitable application of the means of economy. 12 11^ I 1. Because .ickne.. iUelf is not a calamity of equaUy P'<>b«J>l« ^u^^^^^^ to the fluctuations in the quantity of employment and other casualties, and misfortune, against ^hich they offer no proteo- tion. 2. Because, out of a given means, the sum laid aside for sickness must diminish the provision for old age. 3 Because many must contribute to the sick fund who never become chargeable upon it. and the value of such contributions « lost to themselves and families. 4, Beeaase »lck.>e«, being . state of „on.prod«cti,ene», ™'' »«'^ «mly be included in any protection agaiMt .uch an occurrence. IV Various observations have been inad.= on the duration of riekness. amongst the industrious classes, from an ear y period of life until its dose. Those most m ««7'^«r"'L th^ ness amongst the Benefit Societies in Scotland, given by he Highland Society ;-the sickness amongst the labourers in the Eaft India Company's Service ; -the sickness amongst persons Soyedin Coin! Silk, Wool, Flax, and in tl.e Pottenes by C Factory Commissioners ;-and the sickness amongst the English Benefit Societies, from returns made to the Society for the Diffusion of Useful Knowledge. These results, though varied, show how J.^-'f^jf °^^^ the amount of sickness during that period of hfe, b«t^«" ^^ ages of 20 and 65, when each individual is more immediately thrown on his own resources ;-they are as follows :- Highland Society's return . East India Company's labourers Factory Commissioners — Cotton Wool, Yorlcshire Ditto, West of England Flax, Yorkshire Silk . . •„•,•' Society for Diffusion of Useful? Knowledge . . • • J 20 to 65 20 to 65 Average 1 Average yearly amount of ; SickneM in th« Sickness. 1 period. 21 21 21 21 21 61 61 to 61 to 61 to 61 20 to 65 Thus, It appear, that the highest expectation of sicknes., amongst ma es. is twelve and a half days, and the lowest sk days, m each year, from the age of twenty to sixty-five; hs mean duration, inclusive of accidents of all kinds, would be nine and a quarter days, during which, from these causes, an indi- vidual ,ay expect to be abstracted from productive employ- ment throughout a period of forty-five years: while, it may be observed, his religious observation of the seventh day, i^ which he " shall do no work," has diminished his producdv^ ness, by it., recurrence in the same period, six^ears and 156 V. From the foregoing facts it must be obvious that provi- sion in sickness, or a Health Assurance by means of a separate contribution, is unnecessary, more particularly as such separate contribution must tend to waste tiie resources out of which the industrious classes have to provide for the future. It also in effect throws the burthen of the permanently sick on one class exclusively, instead of society at large ; who are thus called on for an act of benevolence, while they are scarce able to do justice to the claims of their own families. Besides this, no compensation is given out of the contribution for a provision m sickness and old age to the families of those who never reach the age of 65 though death should happen immediately pre- ceding it; and. If an assumed hypothesis is correct, that sick- ness before death is not more than five weeks, and taking bed- ymg.pay at 10.. per week, it will not unfrequently happen the only return a man may obtain as a long and steady contri- butor to a Benefit Society, will not exceed 50.., a sum scarcely equal to one yearns payment at a shilling per week, while by his death he leaves his family entirely unprovided for. VI It is to remedy these defects, inherent in the constitu- tion of Benefit Societies, that the National Loan Fund Life Assurance Society proposes to submit a plan of Deferred Annuities on a new principle, which will not only afford a more ample provision for old age, and protection against sick- _ -. .. .,.,..n.— but m udmiion, the means, at all times of putting his energies in motion, and in the event of prema.' tnie death, a better protection to his family. 14) m 1 Th§ plan proposed will embody several essential objects :— 1. To secure an increased provision for old age out of a given saving, by applying it exclusively to the purchase of a Deferred Annuity. 2. To render the purchase of a protection in sickness uujiecessary, by enabling the purchaser of a Deferred Annuity to withdraw or borrow two-thirds of his previous payments. 3. By the use of two-thirds of all his payments when required, to limit misfortune and want of employment, and extend the power of productiveness by an increasing command, in each year, of capi- tal, so that, while providing for old age, each successive contribu- tion renders him more secure against present misfortune. 4. To afford, at the age at which the Deferred Annuity would com- mence, without reference to his then state of health, the option of receiving, instead of his annuity, its value in money, according to the value fixed on the contract, or a larger sum payable at his death. 5. In the event of death before the age at which he would be entitled to his Deferred Annuity, to return two-thirds of his payments to his family, or such lixcd Life Assurance as may be settled on the contract. 6. In all such cases where the power of productiveness fails, oilher from disease or accident, to enable the assured on equal terms to con- vert his Deferred Annuity into a present Annuity. The object this plan embraces is to open facilities to the efforts of self support, to stimulate the independence of one class above the forced benevolence of another, while it recom- mends itself to the latter by diminishing the burthen of poor laws, which has been at all times irksome, disturbing the harmony and fomenting the mutual distrusts of society. The Tables of Deferred Annuities have been constructed, with a view to exhibit the benefits that may be secured by the smallest eflFort of frugality, and to suit the circumstances and convenieiice of all classes. The object of Tables No. I. is to show the option of bene- fitj» the iiavment. of £^2. 12*. ner annum will secure, at the — — ^-.j — _ _ — J period of attaining the age of 50, 55, 60, or 65. This pay- 15 <»«nt i, at th* rate of U. per week, and may be paid weekly ■"OHthly, or quarterly, with Id. additional for eiI.MUne: The Tables No. II. show the Annual Premium, reauird o .ecure the option of given benefits at these .^12 si requ,red at each age to be paid down at once top^roha* heT own age. to 'pa/lT^^rnlrT^etf ralTdTth-' «.«ns enabling the owner of a little «.^; to!;" i.T.b" best account The «ciety will, moreo^^ "iTve ,5 tw! sum by instalments, and two-thirds of the ai,oZ ™U at any time, be withdrawn on deposit of .r " V ^ T^' the even, of death before the stipSl^ ^ 2J "f ■" payment, will be returned to the fami^.^' ^' "' *" fulfri"."!nd'^!^ T"^"^ "'"'*'^> ""»' •« «>.cl. up i„ luu at the end ofeach quarter or half-year. * 16 I. BENEFITS Secured, on attaining the Agb oy 50, by an Annual Premium of £2. 1'2». rTwo-thiris of aU payments returned to representatiTes in the event of death before the stipulated age.J ■ r- Agb. 10 Annuity. Cash. Policy. £. .V. 18 10 d. " 9 £. *. 238 6 "d. £. .T. 374 12 d. 11 17 12 226 5 355 13 12 16 14 214 13 337 8 13 15 16 7 203 10 319 18 14 \4 19 Jl 192 16 303 1 15 14 3 11 182 10 286 17 16 13 8 6 172 11 271 6 17 12 13 8 163 1 256 6 18 11 19 5 153 18 241 13 19 11 5 9 145 2 228 1 20 10 12 6 136 12 214 15 21 9 19 11 128 9 201 19 22 9 7 10 120 14 189 15 23 8 16 3 113 6 178 1 24 8 5 2 106 4 166 19 25 7 14 8 99 8 156 6 26 7 4 8 92 19 146 3 27 ! 6 15 86 16 136 9 28 6 5 11 80 18 127 4 29 5 17 2 75 6 1 118 7 30 5 8 10 69 19 109 19 i 31 5 10 j 64 16 101 18 32 4 13 3 59 19 94 5 ! 1 33 4 6 55 6 86 18 i 34 j 3 19 1 50 17 79 19 « 1 35 3 12 (> 46 12 7:'. <5 1 The basis on whicJ> this table is calculated is the payment of 2^ 12*. per annum, which is at tho rnt<, of \s. per week ; but any payment may be made, and thebeneflte secured in proportion tli^r8to ExAMPi.E.-.\ person aged 23, by the payment of I.t. Irf. per week, or 2^ 12*. per annum, will secure, on attaining the age of !50. tlie option of an Annuity of n. IG*. 3d., cash tlown, n»/.6«. ; orapolicyonhislifefor 178^ I*. _ The payments may be uiade monthly or quarterly, with an additional \d. par shilling , or half-yearly, with an additional \d. per shilling All premiums to terminate with the period. Two thirds of tht payment-i may at any time b« withdrawn, on depoilt of the policy. 17 n. PREMIUMS. To secure, on attaining the f^^'^^^f jC 10 Aoa OF 5t>, the option of 1 £"*>' 1 28 J 1 . brfore the .BpS™!^?] '" "'"' "' ''""' .«, . '■"" ™ "I'l'l' ■!■• awn. No. 11. .r. „,. ., .. .,- j^ —Z. I M^^Sgagj^ndeposit of the doHct. 18 I. BENEFITS Secured, on attaining the .Vg. ok 55, by .n Annual Prcaxium of £2. 12#. TTwo-thlrd. of aU payments returned to representative* in the event of deata ^ before tiie stipulated age.] AOB. Aun\iity. Cash. Policy. 15 £. *. d. 22 3 10 £. s. 251 7 d. £. s. 355 16 d. 16 21 8 238 4 337 4 17 18 19 4 225 12 319 7 18 19 1* 1^^*^ 17^l6#i4 16 16 6 213 9 201 16 302 3 285 13 20 190 11 269 15 21 15 17 6 179 16 254 10 22 14 19 3 169 10 239 18 23 14 1 11 159 13 226 24 13 5 4 150 6 212 15 25 12 9 7 141 6 200 1 26 11 14 6 132 16 188 27 n 1 124 13 176 9 28 10 6 5 116 18 165 10 29 9 13 4 109 10 155 6 30 9 11 102 8 145 31 8 9 95 14 135 10 1 32 7 17 8 89 6 126 8 33 7 6 11 83 3 117 15 34 6 16 7 77 7 109 10 35 6 6 9 71 16 101 13 36 5 17 5 66 10 94 3 37 5 8 6 61 9 87 38 5 56 13 80 4 39 4 12 52 2 73 15 40 4 4 3 47 14 67 11 1. __ o Example.— A person, ngcd 25, by the payment of Is. ^fl'^l^^^h "J. j.^}, ^I'JZ, annum, ^^•ill secme, on atffaining the age of 55. the option of an Annuity of J ^s. ia., cash down, 14U. 6s. ; or a policy on his life for 200/. Is- . additional W. per The payments may be made montlily or qiiarieiiy, '^•''" "" •hilUtng; or half-yearly, with an additional \d. per ehilling. 19 II. PREMIUMS. Togetmre, on attaininir the/^""""Ti ^ 10 AoR or 55, ihe option of{ ^^^}*' before tli e stipulated age.; "'* for D iiparity. flO 11 I. BENEFITS Secured, on attaining the Aoa of OO, by an Annual Premium of £.1. I2«. [Two-thiidB of all payment* retium-d to repreientatiTet in the event of death before the tti|iiitated age.] AoB. Annul ly- Cwh. Policy. £. ». d. i:. s. d. £. ». d. 20 27 11 4 269 11 346 15 21 ■<^ • 1 254 15 327 14 22 «m Jl M ■ 240 12 309 11 23 ^^1 227 3 292 5 24 2P W 5 214 6 275 14 25 20 13 4 202 1 259 19 23 19 9 6 190 8 244 19 27 18 6 9 179 6 230 13 28 17 5 1 168 14 217 1 29 16 4 5 158 12 204 1 30 15 4 9 148 19 191 13 31 14 6 139 16 179 17 32 13 8 2 131 2 168 13 33 12 11 2 122 16 157 19 34 11 15 114 17 147 16 35 10 19 7 107 7 138 2 • 36 10 4 11 100 4 128 18 37 9 11 93 7 120 2 38 8 17 9 86 18 111 16 39 8 5 1 80 14 103 17 c hO 7 13 1 74 17 96 6 41 7 1 8 69 5 89 2 42 6 10 10 63 19 82 5 43 6 6 58 18 75 15 44 5 10 7 54 1 69 11 46 5 1 3 49 10 , 63 14 F.XAMPLP, — A person, npeH 2o, by tlie payment of 1*. 1^/. per week, or 2/. 12s. per nnniiin, will (.cciire, on af.iinins; the nse of 80 9 331 5 27 32 1 2 264 10 312 7 28 30 4 4 249 5 294 8 29 28 9 2 234 16 277 6 30 26 15 10 221 201 31 25 4 207 18 245 11 32 23 13 9 195 8 230 16 G S3 22 5 183 11 216 15 34 20 17 7 172 5 203 9 35 19 11 7 161 10 190 16 36 18 6 11 151 7 178 15 37 17 3 5 141 13 167 6 38 16 1 1 13? 9 156 8 39 14 19 11 123 14 146 2 40 13 19 9 115 8 136 6 41 13 7 107 10 126 19 42 12 2 6 100 118 2 43 11 5 3 92 18 109 14 44 10 8 10 86 2 101 14 45 9 13 3 79 14 94 3 46 8 18 6 73 12 86 19 47 8 4 6 67 16 80 2 48 7 11 1 62 7 73 12 49 6 18 6 57 2 67 9 50 6 6 6 52 3 61 12 ExKMPLK. — A person, iiofcd '2.'5, l\v tlic payment of \s. \d. per week, or 21. 12s. per annimi, will secure, on attaining tlic ;igc of 65, the o])tion of an annuity of 40/. 8*'. 2(1., casl) down X\'M. Is. or a policy on his life for 3f)3/. 15s. The payments may be made inonllily, or qtiartcrly, with an additional \d. per shilling ; or lialf-yearly, with an additional |rf. per shilling. 4 4 4 4i 4^ 4t 46 47 48 49 50 an annni payment for dippji as for ()„ The pi per fLiJli ])er \d., per 23 ". PREMIUMS. AOK OF e5, the option of< Cash, gg I() 5 Payments returned to representativea in M ,— __^ •'^^"'•^ the stipulate,! ag" J ' ^''^"* "^ '*'"'- \ P«vn„.nt of 19,, f^ „ , , ' '^*- "'■ •-• P^l'Vv on Uh i^.r^^J, ^^' """ "PHon of for .ii.,,,.nt,- of pe, ) \ H 7'^' ''•''.•7'"" «"■ 'CA ri/^ .;:/;,?''■ ^'- Kl'l,. annual // f9P i% LONDON ; PRINTED BY A H. BAILY fit CO., 83, CORNHILL. THOS AI JIessrs. WI ^ir^ctors. JOHN C. TUFNELL, Esg. • CoioNBt JERVc 3 J' W. BOOPER. E8«. MR. GEORGE FULI PR MR. GEORGE sS^- iJ. T\'ATSON, M.D. ,-„ 'burgeon. •gHN KILVERT, Eso. P. II. WATTS, Esq. Messrs. TUENFr t ^^'J t^t?* ;^^ELL^FALFNER,& PALKNER . Offick,9^Clare Street. ■OiVecforj. ^"t^LES PInney/ Esu ^LAXTON Esc, Managing Director JAS. F. BERNARD, M.D. Surgeon. G. D. PRipp^ Es^ Solicitor. C. G. HEAVEN, Esq. TIT ^(inkers. Office^ U,^wp Stakkt. CHARLES BELLINr.H A iir n EDWARD UILL CREASY fT' BExVJAMiN D\Via p '' RICHARD HEAVlsrnV 1?* THOS. ROBT. JEFpSov^'.^•r^ THOS. SINCLAIR p'SfSW^^- i GEORGE WlGml^^^J^' ^''' THOS. BOBf ?SSrS0^ M.D. i , ^,^ Surgeon, ANDREW PLUMJIER, E«q. •,» . -Bankers. MEgsns. WIGNEY & rn . WEST^'^&'JS^^"^"-''^^^'' -^.y^w^ and Solicitor HENRY PAITIiptlt'Ee, "♦ «^«OEORGE^^B_^,,^ SIR MATTHFw'm^':^- MR. JOSIAH LEWIS * ' JAS. HEYGATE, M.D. Surgeon. " 'ONES. •) Esq. -**«^liitect, 16, Pull St. Sk-i— » ^ ~ 'erit for Ex-ferEi '3, High Stueet, , Directors. INGDON, Ess\ Surgeon. " PIERPOINT, Esq. i|or« and Managers. OGHES AND RISING, Pairon. VISCOUNT 8AND0N, M.P. Honorary Directtns. ; SIR GEORGE ANSON, Bart., M.P. MAJOR CHETWYND. UV ROBERT FAHRAnD, E^q., M.P. THOMAS 8NEYD KYNNER8LEY, Esq. HUGH HENSHALL WILLIA?iSON, Esq. Ret. W. E. COLDWELL, M.A. Rev. JOHN CLARE, M.A. SIR THOS. COTTON SHEPPARD, Bart. THOMAS HAWKE8, Esq., M.P. C. P. VILLIERS, Esq., M.P. ROWLAND MAINWARING, Esq., R.N. ENOCH WOOD, Esq. Ret. JOHN SNEYD, M.A. Rev. HENRY HARDING, M.A. Acting Directors. Mr. CHAItLES DAWSON. Mr. WILLIAM JONEa Mr, CHARL,.S MORGAN. Ma, CHARLES WRIGHI Managing Director. i Mr. ^VILLIAM PENTON, THE Mount Stafford. Medical Referee. EDWARD KNIGHT, Esq., M.D. Bankers. The MANCHESTER and LIVERPOOL DISTRICT BANKING CO., STAtroRo. A^ent/or the Potteries and Newcastle. Mr. KENMiDY, Mercury Office, Hanley. t' Agent for Rugeleg and Licfijkld. ? Mr. WALTERS, Stationer. Agent for Cannock, Bloxwich, and Penkridge. Mr. HENRY SOMERVILLE, SuaoEOM. Agent for Stone. Mr. AKROl^. Agent for Endon and Neighbourhood. ^ CHAR LES HEATON, Suroeon. Board of Management for Southampton. OpricE, French Street. Directors. N. N. JEPPEEIES, Esq., Chairman. REV. J. W. CARY. EDWARD MAYOR RANDALL, Esq. WILLIAM DUNN, Esq. THOMAS NIMMO, Esq. Physician. W. S. OKE, M.D. Surgeon. EDWARD HARMAN MAUL, Esq. r Agents." Mmsrs. JAS. SHARP, and HARRISON. 4-^ ''#1 f\