Equitable Assurance Socie...
Yesterday a Specinl General Court of -this Society-was held:-at the office, for the purpose of considering the 'no- tices of motion given on a former day; the REcoRDni, who is Vice Presidenit, in the chair. The Clerk read the sninutes-of the last Court,iihdalsoin- formed the meeting, from the minutes of tb e Dir-e6tr,'tiat the latter had prepared a report to 'submit to'the Propriem tprs, upon the general affairs of the Society ;Iiut}that toy had no desir to Q iess itupon thie netig, before any other ,discussioni, which. meqinbD m'inight .wish to introduce, and *were also ready to - ' it,* or-anniul it altogether, should *he Proprietors prefer such coutse. ' Mr. SWEET immediatly rose, and' said, that in giving lotice of the motion w-li tood on their listfor this days discussion; he had njo desire to occupy, their attention nnne- cessarilyj; his objeetwas to propose 'that it be referred to the Court of Directors, to considerof the propricty ofremodelling the constitutionof the 8odety, and'placing the newsubscrib. ers upon a footing distinct Itom the old. He was ready either to discuss the propriety of such a motion, or simply to move it, wvithout further comment, if the meeting preferred that course. (Cries of "Move") Mr. Sweet then made his motion for simply referring the subject to the consider_ ation of the Cottrt of Directors. The motion was then duly put, and carried, with only two dissentients. A long discussion then arose upon a motion of Mr. SLADErS, for referring to the Court of Directors the consi- deration of a disputed questioB upon two policies of assur- aiice which had been declared void. The circumstances are these:- Oa the 27th of November, 1821, two policies of assurance, effected by Mr. Samuel Sampson, of ILondon, on his own life, one bearing date in January, 1807, and'the other in January 1812, for the sum of 1,0001. each, were put up for sale by public auction by the assignees of Air. Sampson, and purchased by two gentlemen, wvho paid the premiums of assurance thereon to the present period. On the l1th of September, 1824, the purchasers were in- formed, for the first time, that Mr. Sampson had gone to America; that he had merely gone to New York and Up- per Canada, on busiiess which would probably occupy him there for three or four months; that he was in better health than he had ever been, and that he expected to return in the course of the present month. On receiving this intel- ligence, the holders applied at the Equitable Office to pay the usual per centage on parties leaving Europe; and were informed, as Mr. Sampson had actuallv saill, it would be requisite to make an application to the Directors for per- mission so to do. This application was made, and refused. The matter came in this shape before the Court of Pro- prietors yesterday, and it was resolved (with only two dissen- tients) that the matter be referred back to the Directors, to deal with it accordinig to the justice of the case. Another Extr ar Crt was fixed for the 50th inst. EQUITABLAE ASgURANCE SOCIETY.