Hide Articles List

3 articles on this Page

, IT On . ' < "; iv

Advertising

ITHE PRUDENTIAL ASSURANCE…

Detailed Lists, Results and Guides
Cite
Share

THE PRUDENTIAL ASSURANCE COMPANY, i CHIEF OFFICES: 6-3, LUDGATE HILL, LONDON. Summary of the Twenty-ninth Annual Beport for the Year ending December cl; 1877. TXIE Shareholders are aware that in the year 1875 the Company obtained an Act of Parliament, enVLIhg them, among other things, to pass a Special Resolution for the entire separation of the Ordinary and .Industrial Branches of the Company, and for keeping separate and distinct accounts for each Branch. Under the powers of the Act, a Special Resolution was accordingly passed, and from and after the 81st December, 1876, the two Branches have been kept entirely distinct, and the accounts are now rendered in conformity with that Resolution. It may be useful to remind the Shareholders that, for all practical purposes, the two Branches ?_re as dis- tinct as if they were worked by separate Companies, and it is believed that great advantage Mail 00 derived therefrom. In accordant with the Spe<f*il Resolution so passed, a division of the funds of the Corupnmy on 81st December, 1876, was made, and attention is drawn to the Statement showing the division, which is printed beforo the usual accounts. ORDINARY BRANCH.â4RHE Annual Premium Income at the end of the year is i'93,352 8s, 7d. in respect of 30,073 Policies, assuring the sum of £ 2,756,901, exclusive of Bonus additions, showing an iucre^ oj$10,106 12s. 7d. per annum over the year 1876. INDUSTRIAL BRANCH.âThe Annual Premium Income at the close of the year is £ 1,227,803 4a, Qd shoe- ing an increase of ze247,227 6s. Od. over the income of the previous year. THE TOTAL Premium IKCOITG is .t. £ 1,321,155 12 f mi.^ The Claims amount joâOrdinary Branch 48,409 6 6 M Industrial Branch + 332,270 8 370v679 9 2 Tp TOTAL SUM PAID AMOCNE8 TO « v £ 2,293,674 17 9 -â-âj -L Balance Sheet of the Prudential Assurance Co. (Ordinary Branch) on the 31st December, 18-77. LIABILITIES. £ s. d. 4* s. d. Life Assurance Fund .511,221 (5 7 Ditto Shftrqs (Prefer. K-, Ordinary) 6,36111 4 Sickness and Assurance Fund. 437 16 1 Trust Funds Certincates. 20,423 10 0' Leasehold Redemption Fund. 3,000 0 0 House Property (Free. & Lease.) 94,725 311 ââ â . mâ ir Reversions 67,106 11 1 £514,659 3 8 Life Intersts. 235 1 7 Claims under Life Policies admitted Loan on Borough Rates 8,460 0 0 bu-t not yet paid 7,204 16 9 Morfcages of Reversions 4,324 5 7 ;â^ââ Outstanding Account, Industrial £ 521,864 0 6 Branch (since settled) 12,100 411 Outstanding Premiums. 5,847 8 7 ASSETS. £ s. d. Ditto Interest and Rents 3,950 14 0 Mortages on property within the U.King. 84,523 5 2 Amount due from Official Liquidator Loans on the Company's Polices. 17,781 15 8 of International Society 22,561 IS 2 InvestmentsâIn Brit. Gov. Securities 37,220 18 11 Deposits at Three Months'notiqe 18,000 0 0 Indian and Colonial do 49,139 7 3 Cash-Current account l6,075 5 4 Foreign do 15,167 15 3 In hand. 100 0 0â6,175 5 4 Railway & other Debentures & ââ Debenture Btock. 47,203 5 8 $;521,864 05 Balance Sheet of the Prudential Assurance Co. (Industrial Branch) on the But December, 1977. LIABILITIES. £ a. 4. £ ft. d. Shareholders' Capital 24,920 0 0 Freehold Groildd- Ronfs. in 263,690 4 7 Life Assurance Fund 536,^98 17 9 Scotch Feu Duties 7,039 6 0 Contingency Fund. 40,000 0 0 House Property (Free. & Lease.) 143,282 2 8 Outstanding AccountOrdinaryBranch Life Mother Inter. & Reversions 54,628 9 3 (sixieq settled) 12,100 4 11 Furn. Ss Fitt. (II. & B. Offioes) 11,455 10 4 Claims under Life Policies admitted 2,775 4 3 Loans upon Personal Security.v 85,958 8 8 Agents' Balances 73,877 19 10 ^616,094 6 11 Outstanding Interest and Rents 3,844 11 10 ââââââââ Cash-Currentaccoilnt £12,066 13 9 ASSETS. In band* 250 0 0-12,316 13 9- Investments £ s. d. -â â â â â In British Government Securities 10,000 0 0 < £ 616,094 6 11 We have examined the foregoing Accounts, find themlto be correct, and hereby confirm the same. We have also seen and txamintd the various securities. JAMES ALLANSON,) > 20th February, 1878. EOBERT BARNES, J Auait>0Tt. HENRY HARDEN, liesident Director. EDGAR IIGUNK, Chairman. jsjjBSjKEm, THOMAS C. DEWEY,) nrâmânr«a RICHARD THOMAS ]?UGH,I §â â â â WILLIAM HUGHES,) Managets. THOMAS BSID, J Dncetc.s. W. J. LANCASTER Secrttarj.