of his debt, as seems to be decided in Re Shettle and the other cases lastly above cited, yet when the deed comes to be admitted, his provable debt will be reduced to the unsecured balance, and, of course, his assent will have to be reduced accordingly. This may bring down the value of the assents to the deed below what is required by the 192nd section, and invalidate the entire proceeding. It is, however, not to be forgotten that the total amount of debt is reduced in such a case precisely by the same sum as the assent is reduced, a matter to be taken into consideration in determining the effect of the reduction on the validity of the proceeding. "After the foregoing remarks on Re Shettle and Ex parte Morgan were penned, the same point came again before the Lord Chancellor in Ex parte Smith (10 Law T., N. S., 551, 803); in that case the assent of creditors who were fully secured, was necessary to make up the requisite majority in number as well as in value; there were seventy creditors, of whom thirtyfour assented to the deed, but among the dissenting and non-assenting creditors were some who were fully secured, and if they were excluded from the number of creditors, then the requisite majority had been obtained in number as well as value. The Lord Chancellor held the deed to be invalid, on the ground that a creditor, though fully secured, was entitled to be reckoned as a creditor, for the purpose of making up the requisite majority in number, but that, if fully secured, his assent as to value was not to be estimated at anything; and his Lordship expressed an opinion that the cases which seemed to rule or did rule the point in question adversely to that opinion, viz. King Randall (14 C. B., N. S., 721; 11 Weekly Rep. 1031; 2 N. R. 325) and Turquand v. Moss (15 Weekly Rep. 960), were both founded on Re Shettle (1 De G., J., & S. 260; 11 Weekly Rep. 158), in which he said the supposed decision on the question was only a dictum of one of the judges. On this matter, however, it will appear from a close examination of the case, that his Lordship was in error, though his error is countenanced by some remarks in the conclusion of the judgment of the Lord Justice Turner, which were, probably, the foundation of the Lord Chancellor's mistake. "The present writer was in court when the case of Re Shettle was argued and decided; and the argument in the case was certainly directed mainly to the question, whether or not the assent of fully secured creditors was to be reckoned in value for the full amount of the debt, without allowing for the value of the security. He has further taken the precaution to examine the deed and the schedule of creditors filed in the matter at the registrar's office; and it appears therefrom, that among all the creditors holding security there scheduled, one only was insufficiently secured, his debt being for 7501., and the value of the security 6007., and his assent had been obtained; so that the only question in the case in this respect must have been, and was, the identical question which arose in Smith's case, viz. whether a fully-secured creditor was entitled to rank as a creditor for value to the full nominal amount of his debt, without deducting the value of the security which would reduce that debt to nothing. Since, therefore, in the case of Ex parte Smith the deed was held bad, on the ground above mentioned, and is reduced, on the question now under discussion, to a dictum of the Lord Chancellor, while Shettle's case, and the other two above mentioned, remain actual decisions on the point, it is submitted that their authority is still the prevalent and binding authority, and that the assent of secured creditors cannot safely be neglected for the full nominal value of their debts in computing the majority in value as well as in number." In Whittaker v. Lowe (11 Jur., N. S., part 1, p. 530, reported since the publication of the work before us), in the Court of Exchequer, the authority of Shettle's case and Turquand v. Moss was upheld against the dictum of the late Lord Chancellor in Ex parte Smith; but the case is under appeal to the Exchequer Chamber. In Ex parte Wensley (1 De G. & S. 273; 9 Jur., N. S., part 1, p. 315), Lord Westbury, C., held that a deed of assignment not duly registered under the act of 1861, and therefore not to be "received in evidence," might be received in evidence for the purpose of being set up-not as a valid deed-but as an act of bankruptcy. In Ex parte Potter, re Barron (11 Jur., N. S., part 1, p. 49), an unstamped deed of assignment was offered in evidence to prove the commission of an act of bankruptcy by the execution of the deed, and Ex parte Wensley was cited as a decision by Lord Campbell. Lord Westbury refused to receive the deed in evidence, observing that the law was perfectly clear, and added, "I do not wish it to be understood that I accede to the decision which was come to in Ex parte Wensley. I should require further argument before I could follow that case." Mr. Griffith considers that the decision in Wensley's case is the sounder of the two, and observes, that "the point seems by no means a new one, and appears to be governed by the decisions in Reculist's case (2 Leach's C. C. 706), which is a judgment of the twelve judges, and that in Coppock v. Bower (4 M. & W. 361), beside several other cases to the like effect, which are referred to in the last-named case, while none of these were noticed in the argument in Ex parte Potter." We are surprised that the absurdity of the conclusion in Wensley's case did not strike Mr. Griffith. The enactment is, that a deed not registered according to the directions of the act shall not be received in evidence. The time for registering the deed in question had passed, and it was impossible that it could ever be registered or received in evidence. How then could it be looked at as an operative assignment-and if not as an operative assignment, how as an act of bankruptcy? The cases of Rex v. Reculist, Coppock v. Bower, &c., were entirely different. In Reculist's case, an unstamped paper, purporting to be a bill of exchange, was received in evidence, not as a bill of exchange, but to prove that the prisoner had committed the crime of forging the signature which it bore. If it had been a genuine document unstamped, and the indictment had been for stealing a bill of exchange, it would have been inadmissible. (Rex v. Pooley, 3 Bos. & P. 311). So, in Coppock v. Bower (4 M. & W. 361), in an action on an I. O. U. for 500l., the defence being that it was given for an illegal consideration, namely, an agreement to abandon a petition against the return of a member of Parliament on the ground of bribery, an unstamped writing, containing the agreement in question, was admitted in evidence-not as an operative agreement-but as part of the res gestæ. We and all our subscribers have reason to complain that Mr. Griffith cites The Jurist as seldom as possible -and very frequently refers only to The Weekly Reporter for cases which are reported in all the contemporary reports. This is a great inconvenience to those who do not burthen themselves with all the reports that unemployed barristers choose to inflict on the profession. BOOK RECEIVED. The Law of Trade Marks; with some Account of its History and Development in the Decisions of the Courts of Law and Equity. By Edward Lloyd, of Lincoln's-inn, Barrister at Law. Second edition, 12mo., | thing in the nature of anticipation of profits not yet pp. 93.-Solicitors' Journal Office. REPORT OF THE DIRECTORS Of the EQUITY AND LAW LIFE ASSURANCE SOCIETY, TO THE EXTRAORDINARY GENERAL MEETING, THE fourth quinquennial period of the society's operations having closed on the 31st December last, the directors have caused a careful valuation to be made by the actuary of the assets and liabilities of the society as at that date; and have now in conformity with the provisions of the deed of settlement, to report the results to the proprietors and the assured. It will be convenient, in the first instance, to give a summary of the progress of the society since the last valuation. In the five years in question, there have been issued 805 new policies insuring 1,159,619., the average amount of each policy being 14407. In the previous five years, the number of policies issued was 725, insuring 792,4857., and averaging 10937. each. Comparing the two quinquennial periods, therefore, there has not only been a large increase in the business of the office, but that business is of a still higher and more profitable character than formerly. It is worthy of note, that during the last five years the practice of effecting insurances against the birth of issue, in connexion with loans on contingent reversionary interests, has grown into importance. Up to the present date, such insurances have been effected with this society to the extent of 98,320., and the premiums received in respect of them have amounted to 58691. On the 31st December, 1859, there were in force 1336 policies, insuring 1,403,8801.; and, adding to these the policies since issued, there are 2141 policies insuring 2,563,4997. to be accounted for. Of these, 105 insuring 72,8257., have become claims; 280 insuring 311,9087., have terminated by lapse, surrender, or expiry; leaving 1756 policies in force on the 31st December last, insuring 2,178,7667. In estimating the liability of the society under its various insurance contracts, it has been the wish of the directors to strengthen the position of the society by making an ample reserve, rather than to divide the largest sum which circumstances might seem to justify. A very large profit has been derived during the last five years from the claims being much lighter than could have been possibly expected, the losses having reached only 55 per cent. of the anticipated amount; but the directors consider it would be unwise to divide the whole of this profit on the present occasion. The process of valuation employed has, therefore, been of the most stringent character. realised. With these explanations the directors would call attention to the following balance sheet, in which the position of the society on the 31st December, 1864, is clearly set forth : BALANCE SHEEt, December 31, 1864. The directors recommend that of the above balance of 72,3571. a sum of 24007. should be appropriated to reduce the price at which the society's house stands in the books; and that the remaining sum of 69,957. be actually divided. The share of the proprietors will be 69957. 14s., which will allow of the payment of an increased dividend for the ensuing five years at the rate of 8s. 6d. per share, or 87. 10s. per cent. on the amount originally paid. The amount to be divided among the assured will be 62,9617. 6s., and the amount of the policies which will participate on the present occasion, being effected on the participating scale, and of more than one year's standing, is 1,339,608. At the last division of profits the sum of 39,500l. was divided among policies for the sum of 925,306. If the same relation still subsisted, the sum to be divided among the assured would be 57,1867. The sum now to be divided is, therefore, considerably larger in proportion; and this, notwithstanding that a larger proportionate reserve has been made. The table of mortality made use of has been that known as the "Experience Table," which would ap- In distributing the above sum among the assured. pear to be the most suitable, as having been derived care has been taken to adjust equitably the shares of from observations on assured life, furnished by seven- persons insuring at different periods in the society's teen insurance companies. The reserve obtained by existence. A somewhat larger bonus will be given to the use of this table is considerably larger than that the persons who insured many years ago, than to given by any of the other tables commonly employed. persons who have insured at the same age more reThe rate of interest assumed in the calculations is 37. cently; but this difference is proportioned to the larger per cent., being the rate commonly adopted for the profit derived in the former case; and no advantage is purpose, as the highest which can, with prudence, be given to the older assured at the expense of the more réassumed as likely to prevail permanently during the cent. A larger bonus will be also given to those percurrency of the policies. The whole of the loading, sons who chose the reversionary bonus at former divior addition to the net premium for expenses, con- sions, than to those who have received the value of the tingencies, &c., has been thrown off in estimating the former bonuses in cash, or reduction of premium. value of the future premiums. In these and other re- The principle on which the distribution has been spects, the greatest care has been taken to avoid every-made, will be better understood when it is stated, that 1865. the average rate of interest at which the funds of the society (including the unproductive asssets) have been improved during the last five years has been 47. 88. per cent. per annum, after deduction of income-tax. In all the valuations, it has been assumed that 37. per cent. only would be realised; and the profit from this source upon the amount of the funds on the 31st December, 1859, forms a considerable sum, of which persons who have insured subsequently have contributed no part. The directors, in conclusion, bearing in mind that it is essential to the continued prosperity of any insurance company that the amount of new business should be maintained, or increased, from year to year; and believing that the advantages offered by the “Equity and Law" need only to be known to be appreciated, would urge upon the proprietors and the assured the importance of making known, as widely as possible, the facts above detailed. In 1 vol. 12mo., price 12s. cloth, THE LAW of HIGHWAYS in ENGLAND and Health and of Local Government, and as affected by Railways. With WALES; comprising Highways in Districts under Boards of additional Forms not contained in the Acts. By LEONARD SHEL- AN SMITH'S ACTION AT LAW, 1863. N ELEMENTARY VIEW of the PROCEEDINGS in an ACTION at LAW. By JOHN WILLIAM SMITH, Esq., late of the Inner Temple, Barrister at Law, Author of "Leading Cases," "A Compendium of Mercantile Law," &c. Eighth Edition, adapted to the present practice, by SAMUEL PRENTICE, Esq., Barrister at Law, Editor of "Chitty's Archbold's Practice.' London: Stevens & Sons; H. Sweet; and W. Maxwell, Law Booksellers and Publishers. GREAVES'S CRIMINAL ACTS.-Second Edition. In post Svo., price 168. cloth, THE H. Sweet, 3, Chancery-lane, Fleet-street. NICOL'S BANKRUPTCY ACTS. HE BANKRUPTCY ACTS, 1849, 1854, and 1861, Consolidated on the Arrangement of the Act of 1849; with the Decisions upon the last Act; and the General Orders of 1852, 1855, 1856, 1857, 1861, 1862, and 1863. With Forms and Precedents applicable to Proceedings in the Bankruptcy and County Courts, and a Tabular Index. By HENRY NICOL, Esq., Barrister at Law. The Second Edition, much enlarged. Royal 12mo., price 14s. cloth. H. Sweet, 3, Chancery-lane, Fleet-street. THE CONTRACT OF SALE TREATISE on the EFFECT of the CONTRACT of SALE on the LEGAL RIGHTS of PROPERTY and POSSESSION in GOODS, WARES, and MERCHANDISE. By COLIN BLACKBURN, Esq., of the Inner Temple, Barrister at Law, Svo., price 12s. boards. H. Sweet, 3, Chancery-lane, Fleet-street. JARMAN on WILLS, by WOLSTENHOLME and VINCENT. The Third Edition, in 2 vols. royal 8vo., price 31. 3s.. By THOMAS JARMAN, Esq. The Third Edition. By E. P. WOLSTENHOLME, M.A., and S. VINCENT, B.A., of Lincoln's-inn and the Inner Temple, Barristers at Law. A TREATISE on the LAW of WILLS. H. Sweet, 3, Chancery-lane, Fleet-street. TOULMIN SMITH'S "THE PARISH.” In 1 vol. royal 12mo., price 188. cloth bds.. THE Paste Welfare of every Neighbourhood, and in Relation PARISH: its Powers and Obligations at Law to the State; its Officers and Committees, and the Responsibility of every Parishioner. With Illustrations of the Practical Working of this Institution in all Secular Affairs, and of some modern Attempts at Ecclesiastical Incroachment. By TOULMIN SMITH, of Lincoln's-inn, Esq., Barrister at Law. The Second Edition, with important Additions. H. Sweet, 3, Chancery-lane, Fleet-street. SETON'S DECREES IN EQUITY. Now complete, in 2 vols. royal 8vo., price 27. 188. cloth, lettered, ETON'S FORMS of DECREES in EQUITY, the present Practice, with Practical Notes. By W. H. HARRISON, Esq., Barrister at Law, and R. H. LEACH, Esq., one of the Registrars of the Court. Third Edition. 2 vols. royal 8vo. 1862. Vol. 2, part 2, completing the work, may be had separately, price 148. cloth. Stevens & Sons, Law Booksellers and Publishers, No. 26, Bell-yard, Lincoln's-inn. A HAZLITT and ROCHE'S LAW of MARITIME WARFARE. MANUAL of the LAW of MARITIME WARFARE, embodying the Decisions of Lord Stowell and other English Judges, and of the American Courts, and the Opinions of the most eminent Jurists. With an Appendix of the Official Documents and Correspondence in relation to the present War. By WILLIAM HAZLITT and H. P. ROCHE, Esqrs., Barristers at Law. In 12mo. 1854. Price 10s. 6d. cloth. Stevens & Sons, No. 26, Bell-yard, Lincoln's-inn. SHIPPING LAW. In 8vo., price 208. cloth, lettered, a concise LAW MANUAL: THE SHIPPINGverning the Interests of Shipowners, Mer chants, Masters, Seamen, and other Persons connected with British Ships. Together with the Acts of Parliament, Forms, and Precedents relating to the subject. Being especially intended for popular use in Seaport Towns. By W. T. GREENHOW, of the Middle Temple, Esq., Bar rister at Law. "The Shipping Law Manual,' by Mr. W. T. Greenhow, brings into a THE AMENDMENT ACTS of the 24 & 25 VICT. With Notes, Observations, and Forms for Summary Proceedings. By CHARLES SPRENGEL GREAVES, Esq., one of her Majesty's Counsel. Stevens & Sons; H. Sweet; and W. Maxwell. RUSSELL ON ARBITRATION.-Third Edition. A TREATISE on the POWER and DUTY of an ARBITRATOR, and the Law of Submissions and Awards. With an Appendix of Forms, and of the Statutes relating to Arbitration. Third Edition. By FRANCIS RUSSELL, Esq., Barrister at Law. Stevens & Sons, No. 26, Bell-yard, Lincoln's-inn; and H. Sweet, 3, Chancery-lane. affecting the shipping trade of the country alike in relation to owners, merchants, masters, and seamen, and is especially adapted for ordinary use by all persons connected with the business of seaport towns."Times, Jan. 31, 1863. "The object of the author of this book is to popularise the Law of Merchant Shipping, and to compress within the compass of a single volume all that is necessary to be known by those directly interested in British navigation. It was no easy task to condense and arrange this mass of legislation, so as to make it intelligible to the general reader. But Mr. Greenhow has achieved it, and placed within reach of every one connected with shipping a valuable compendium of the law relating to that branch of industry."-Shipping and Mercantile Gazette. Stevens & Sons, Law Booksellers and Publishers, No. 26, Bell-yard, Lincoln's-inn. Equity and Law Life Assurance Society, 18, LINCOLN'S-INN-FIELDS, LONDON, W.C. ESTABLISHED 1844. 1863. CAPITAL-ONE MILLION, FULLY SUBSCRIBED. BY UPWARDS OF 200 MEMBERS OF THE LEGAL PROFESSION, A LIST OF WHOM MAY BE OBTAINED ON APPLICATION. TRUSTEES. THE RIGHT HON. THE LORD HIGH CHANCELLOR. DIRECTORS. CHAIRMAN-GEORGE LAKE RUSSELL, Esq., Lincoln's-inn. DEPUTY CHAIRMAN-JOHN MOXON CLABON, Esq. (Fearon, Clabon, & Fearon). JOHN EDWARD ARMSTRONG, Esq., Middle Temple. R. J. P. BROUGHTON, Esq. (White, Broughton, & White). JOHN ELLIS CLOWES, Esq. (Clowes & Hickley). CHARLES J. DIMOND, Esq. (Simpson & Dimond). JOHN W. HAWKINS, Esq., Chief Clerk to the Master of the Rolls. N. HOLLINGSWORTH, Esq. (Hollingsworth, Tyerman, & Green). JOHN ILIFFE, Esq. (Iliffe, Russell, & Iliffe). THOMAS GLOVER KENSIT, Esq., Clerk to Skinners' Company, PREMIUM INCOME, £67,432. SUMS ASSURED, £2,178,766. TOTAL INCOME OF 1864, £93,369. ASSETS, £443,966—INCLUDING SHAREHOLDERS' PAID-UP CAPITAL, £60,000, AND ASSURANCE FUND, £383,966. At the Fourth Quinquennial Division of Profits to the 31st December, 1864, the sum of 69,9571, was divided in the proportion of 69951. 141. (or one-tenth) to the Shareholders, and 62,9611. 6s. (or nine-tenths) among the Participating Assured, under Policies for 1,339,6031., on which the Annual Premiums amount to 42,6157. The following Table shews the TOTAL BONUS ADDITIONS to Policies for £1000 taken out at various Ages, and at different Periods of the Society's Existence :- The INCREASE of the ASSETS in the last Five Years has been 188,0821., being equal to 51 per Cent. of the Total Receipts. The EXPENSES of MANAGEMENT are only FOUR PER CENT. on the Income. The PREMIUMS are calculated for every half-year of age. NINE-TENTHS of the Total Profits are divided among the Assured. Considerably more than one-tenth of the Profits is derived from Policies which do not participate in the Profits, so that the Assured have larger Bonuses than if they formed a Mutual Insurance Company, and received the whole of the Profits derived from their own Policies. The Business of the Society includes the granting of LOANS on the Society's Policies, on Life Interests, Reversions, and other approved Securities; also the PURCHASE of Life Interests and Reversions, and the GRANT of Immediate and Survivorship ANNUITIES. The Annual Reports are regularly printed, with full Accounts of the Receipts and Expenditure, and may be obtained, by written or personal application at the Office. Printed by HENRY HANSARD, at his Printing Office, in Parker Street, in the Parish of St. Giles-in-the-Fields, in the County of Middles and published by HENRY SWEET, of No. 3, CHANCERY LANE, and RICHARD STEVENS, of No. 26, BELL YARD, LINCOLN'S INN, at the OFFICE, No. 39, BELL YARD, LINCOLN'S INN.-Saturday, July 15, 1865. WANTED, a CLERK, competent to make out Bills of Costs in Chancery, Conveyancing, and Common Law. Address, B. R., at Mr. Lowe's, Law Stationer, Bell-yard, Fleet-street. In the press. PRICE 18. This day is published, in demy 12mo., 1016 pp., price 11. 128. cloth, ROGERS on ELECTIONS, ELECTION COM MITTEES, and REGISTRATION. With an Appendix of Statutes and Forms. Tenth Edition. With the new Registration Statute, and all the Election and Registration Cases to the present time. Law. HE LAW of FIRE INSURANCE. By C. J. F. S. P. WOLFERSTAN, Esq., of the Inner Temple, Barrister at THE BUNYON. M.A., of the Inner Temple, Barrister at Law, Author of "The Law of Life Assurance," &c. London: Charlés & Edwin Layton, Fleet-street, Depot for Books on Assurance, Fire, Life, and Marine. WINDING UP OF COMPANIES. This day is published, price 13s., Stevens & Sons, No. 26, Bell-yard, Lincoln's-inn, NIVERSAL LIFE ASSURANCE SOCIETY, UNIVERSAL At the THIRTY-FIRST ANNUAL GENERAL MEETING, a Reduction of 50 per Cent., or one-half, upon the Premiums for the current Year, was declared upon all Participating Policies Six Years in force, as TAYLOR'S MANUAL on the FORMATION to the shewn in the following examples: WINDING UP of COMPANIES, under the Joint-Stock Act of 1862. With Forms, Table of Costs, and all the recent Cases. London: Wm. Amer, Law Bookseller, Lincoln's-inn-gate, Careystreet, W. C. Now ready, price 10s. 6d., the Third Edition of the COMMON LAW PROCEDURE. BY THOMAS HUGH MARKHAM, Esq., M.A., Barrister at Law, Inner This day is published, in Svo.. price 17. 18. cloth, TREATISE on COSTS in CHANCERY. By G. O. MORGAN, M.A., and HORACE DAVEY, M.A., Barristers at Law. With an Appendix, containing Forms and Precedents of Bills of Costs. Stevens & Sons, No. 26, Bell-yard, Lincoln's-inn. OLIPHANT'S LAW OF HORSES, GAMING, &c. Age in Sums Assured on £1000 1000 Assured on Lives in India. Original Pre- Reduced Premium for next Year. £9 13 4 12 4 2 15 15 0 Further Reduced £9 13 4 12 4 2 1515 0 The above will shew the great advantages attaching to Policies effected with this Society, the annual reductions of Premium having been nearly 50 per cent. per annum at twenty-six divisions of profit. Large Reversionary Bonuses were also added to Policies, the holders of which preferred increasing the Sums assured to decreasing their Premiums. THE LAW of HORSES; including the Bargain Bombay, where Policies may be taken out on Lives residing in any and Sale of Chattels; also the Law of Racing, Wagers, and POLLOCK'S PRACTICE OF THE COUNTY COURT. THE PRACTICE of the COUNTY COURTS; with the Decisions of the Superior Courts, and Tables of Fees and Costs; also Appendices, containing all the Statutes, Rules of Practice, and Forms, including those relating to Bankruptcy. In Two Parts, with Tabular Indices. The Fifth Edition. By C. E. POLLOCK, Esq., and H. NICOL, Esq., Barristers at Law. In 1 vol. royal 12mo., price 1. 10s. cloth boards. H. Sweet, 3, Chancery-lane, Fleet-street. ANNUITIES AND REVERSIONS. AW REVERSIONARY INTEREST SOCIETY. 68, CHANCERY-LANE, LONDON. CHAIRMAN-Russell Gurney, Q.C., Recorder of London. DEPUTY CHAIRMAN-Sir W. J. Alexander, Bart., Q. C. Reversions and Life Interests purchased. Immediate and Deferred Annuities granted in exchange for Reversionary and Contingent Interests. Loans may also be obtained on the security of Reversions. Annuities, Immediate, Deferred, and Contingent, and also Endowments, granted on favourable terms. Prospectuses and Forms of Proposal, and all further information, may be had at the Office. C. B. CLABON, Sec. No. 550, VOL. XI., NEW SERIES. Premiums and conditions highly favourable to Assurers proceeding to India. The Society has Branch Offices at Calcutta, Madras, and part of India. FREDK. HENDRIKS, Actuary and Secretary. Messrs. Grindlay & Co., 55, Parliament-street, S. W., have been appointed Agents to this Society for the West-end of London. HE PROFESSION MAY SAVE SIX SHIL PARTRIDGE & COZENS, WHOLESALE STATIONERS, ACCOUNT BOOK MAKERS, and DEALERS in PARCHMENT, 192, Fleet-street, corner of Chancery-lane, London, E. C. Carriage paid to the Country on Orders exceeding 20s. PARTRIDGE & COZENS, as well as being bonâ fide Manufacturers of many of the best qualities of Writing Papers, are the Sole Agents in London for some of the Largest Paper Makers in the Kingdom, therefore beg to impress upon their patrons the advantages they are enabled to offer them (unattainable by other houses), viz. supplying the public with "papers direct from the mills" at one profit only-being at least 30 per cent. under the usual RETAIL charges-as the intermediate profit is saved to the purchaser. Draft Paper, 68., 78., 78. 9d., and 98. per ream. Envelopes, Cream, Blue, or Buff, 28. 9d., 38. 6d., and 48. 6d. per 1000. Letter Copying Press (warranted), 25s.; Good Stand for ditto, with two Parchment, best Quality. Indenture Skins, Printed and Machine-ruled to hold twenty or thirty Seconds or Followers, Ruled, 1s. 4d. each, or 15s. per dozen. Ledgers, Day-books, Cash-books, Letter or Minute-books, an immense An Illustrated Price List of Inkstands; Postage Scales; Writing-cases; |