Alliance Assurance Compan...
aR4;liear-Av-,"ri|irp.-iZ W a4et among therde,etit securities for3tl*i(rnvesttmeut'o? capital. .Ah the maginittide of the uwdertaking,-,nd th- e,ftensive chainnels throlgh. wiicli its bAi tb tie proposed to beattained, separate it widely from any sipilar. oie. wAhieh before existed, .and give to the project a certain degree of iublic imp rtaiice, a sketch of the plan, as far as it hag hitherto transpired; may not prove generally urinteresting. The capital of the Company is S,000,0001. sterling, to be divided intd -0,000 shares of 1001. each; and its concertis are to be cdnduced by five Presidents and sixteen Directors, who will unitedUy form the Board of Direction. These persons have been se- lected from the principal mercantile and banking firms of the city. In addition to the usual objects of such institutions, namely, fire andI life assurances, it is intenlded that this C(ompany shall also grant life annuities, endowments for infants, and benefit policies, itt all cases connected with life contingencies ; neither will thege transactions be confined to Great Britain alone, but through the connexions with the cotitiaent of those merchants with whom the plan has origilated, will be gradually eytended over the whole of E:urope, in the greater part of which the advantages arising from societies of this nature are entirely unknown!, The shareholders have been called upon for a deposit of 101. on each share, and it is further intimated, that in all probabi- lity no other dew-and will be inade but in qrder to excite the Droper exertion on the part of sie 5hareholders in pro- moting the general prospenry of the concern, it is stipu- lated that eich of them shall effect an insurance equal to the amount of his subscription. No individual, with tbe exception of the Presidents, Directors, and Auditors, is permitted to hold more than fifty shares, until after the 235tA of Mareb, ]825. The annual profits, it is proposed, atter payment to the proprietors of niot less than three, or mnre than five per cent. per annnm, by way of interest on their deposits, shall be applied in the folloiving manner, viz.-a suim equal to five per cent. thereon shall be laid out in the purchase or re(lemption of shares, provided they can be purchased or redeemed at or below a premium of 901. a share ; and a farther sum, equal to 15 per cent. thereon, in paying up the remaining 90 per cent. on the shares, until the whole ca- pital shall be realized the remaining 80 per cent. to be in- vested in public securities in the names of trustees, and divided every five years between the proprietors and the holders of policies. 'I'he gentlemen with whom this plan originated are, we understand, Mr. N. M. Rothschilt, and his brother-in-law, MIr. Mbl. Montefiore. v - ..r1:Ci9*U NC. COMPLV