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Prudential Assurance Company,…


Prudential Assurance Company, Limited. We have not the space in the present article, to go fully into the history of this great institution, but the fact is well-known that the Prudential holds the highest position among the Life Assu- rance organisations of this country, and has by far the largest number of policy-holders of any Life Assurance Company in the world, they num- bering at the end of 1895, no less than 11,648,069. The position is indeed a proud one.-As shewing the magnitude which the business of this great Company has reached we quote from the annual report in our present issue for the year ending December 31st, 1895, which shows that in the ORDINARY BRANCH.—The number of Policies issued during the year was 61,450, assuring the sum of Z6,285,260, and producing a New Annual Premium Income of £ 342,478. The Premiums received during the year were Z2,304,013, being an increase of Z226,057 over the year 1894. The Claims of the year amounted to £ 572,289. The number of Deaths was 4,479, and 218 Endow- ment Assurances matured. The number of Policies in force at the end of the year was 414,137. INDUSTRIAL BRANCH.—The Premiums received during the year were £ 4.352,625, being an in- crease of £ 108,401. The Claims of the year amounted to Z 1,797,688. The number of Deaths was 196,507, and 1,418 Endowment Assurances matured. The total number of Policies in force at the end of the year was 11,682,748 their average dura- tion is nearly seven and three-quarter years. The Directors have made more than one at- tempt to deal with the difficult question of old age pensions for the Industrial classes, and they are happy to state that the special tables combining assurance with a provision for old age, which they issued in September last, have met with con- siderable success. At the end of the year the number of Policies in force under these tables as the result of three months' working was 169,791, producing an Annual Premium Income of £ 62,974. Combining the figures of the two branches, it will be seen that the premium receipts were £ 6,656,638; the claims paid, Z2,369,977 the number of deaths, 200,986; and the 1636 endowment Assurances matured. The assets have been increased during the year L2,702,085, and now standat the enormous sumof £ 23,915,890. No better evidence of the confidence of the people in the Prudential can be furnished than these stu- pendous transactions and but for the fact that the Agents are the Company's loyal servants, and the policy-holders its staunchest friends, such results would be altogether impossible. As a supplement to the last report, a by no means small book has been issued, containing a list of the securities in which the funds of the Company are invested. This occupies forty pages, and is unique in the information it gains to the public, many hundreds of municipal and other loans are here set forth which shows that, from Orkney in the North, to the Isle of White in the South, and from Bodmin in the West, to Sunderland in the East, there is scarcely a single town of im- portance in Great Britain which has not borrowed from the Prudential. The romance of figures given in the report, while bewildering in their almost incomprehensible magnitude, are flattering to our national instincts, which impel us to regard with pride and admiration the transactions of this truly national Life Assurance institution.

Conway Rural District Council.