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PRUDENTIAL ASSURANCE COMPANY, I LIMITED. Chief OfficeHOLBORN BARS, LONDON. SUMMARY OF THE FIFTY-SEVENTH ANNUAL REPORT FOR THE » YEAR ENDING 31T. DECEMBER, 1905. THE DIRECTORS have much pleasure in presenting their Report and Accounts for the JL year l»0o. ORDINARY BRANCH.—The number of Policies issued dining the year was 75,293, assuring the sum of £ 7$sj 1,427 and producing a New Annual Premium Income of £ 395.02!). The PremiunA received during the year were 14,123,318, being an increase of 1;154,302 over the year 1904. The Claims of the year amounted to £1,Xl:2,61. The number of Deaths was 7,437, and 7,775 Endowment Assurances matured. The number of Polities in force at the end of the year was 773,051. INDUSTRIAL BRANCH.—The Premiums received during the year were £ 6,139,050, being an increase of £ 159,716. ° The Claims of the year amounted to 12,261,748. The number of deaths was 238,220, and 3,344 Endowmeat Assurances matured. The number of jtee Policies granted during the year to those Policy-holders of five years" standing and upwards who desired to discontinue their payments was 123.586, the number in force being l,lt)&,267. The number ot Free Policies which became Claims during the year was 24,698. ° C The total number of Policies in force at the end of the year was 16,065,268: their avera-'c duration is eleven years. c The Assets of tne Company, in both branches, as shown in the Balance Sheet, are £ 59,464,376, being an increase of £ 4,104,871 over those of 1904. The Staff Provident Fund, which was founded in 1898 for the benefit of the outdoor stafi. shows a satisfactory increase for the year, the total amount standing to the credit of the fuud being £148,941. Since the completion of the Valuation the Actuary has reported that in his opinion a genera! increase of two-and-a-half per cent. could, with safety, he granted under the principal Industrial Branch Tables if provision were made for all increase in the liability of £7,;0,00°: The Board have accordingly revised the Tables as from 1st March, 1906, and have made provision to mee; the increased liability ty the transfer during the current year of tri 50,000 from the Reserve Fund to the Life Assurance Fund in the Industrial Branch, leaving this Reserve Fund at 11.000,000. The Shareholders will be glad to know that this revision affects nearly Thirteen Million Policies, and of this number over Ten Million Policies receive an immediate increase in the sum assured. GENERAL BALANCE SHEET OF THE PRUDENTIAL ASSURANCE COMPANY, LTD., BEING THE SUMMARY OF BOTH BRANCHES, ON THE 31st DECEMBER, 1905. LIABILITIES. ASSETS. £ a d. £ s d. Shareholders' capital 1,000,000 0 0 British Go Tern men t se- Reserve funds i.. 2,700,000 0 0 cunties 3,3oli,18- <.3 9 Life Assurance funds 55,633,131 14 10 Indian & Colonial govern- Claims un-der Life policial ment securities 5,292,114 14 tut *-« 131,244 10 8 Railway and other deben- tures and debenture stocks-, and gold and sterling bonds 6,133,775 5 1 Loans on County Council, I Municipal and other r ato,, s 13,819,468 10 2 Freehold ground rents and Scotch feu duties 3,860,399 6 4 Freehold and leasehold pro port y 3.685.329 4 2 Mortgages on property within the United King- dom 7,609,760 5 7 Railway, Gu ,and Water atocks 7,581.357 0 4 Suez Canal shares 164,883 9 4 Telegraph and other shares 97,623 6 4 j Metropolitan Consoli- j dated stock, and City of London bonds 258,717 2 11 I Bank of England stock 200,559 18 G Colonial and Foreign cor- poration stocks 1,419,012 13 6 Foreign government se- curities 1,291.215 0 7 Reversions and Life Inter- ests 1,161,973 18 5 Loans on the company's policies 2.134.>09 8 7 Rent charges 297,298 2 4 Outetanding premiums and agents' balances 423.667 19 2 Outstanding interest, and rents 508,463 10 9 Cash—In hands of super- intendents 34,653 11 5 Do. On current ac- counts, and in hand 132,406 4 1 Zg,464,376 5 6 959,464,376 5 6 THOS. C. DEWEY, General Manager. HENRY HARBEX, Chairman. FREDERICK SCHOOLING, Actuary. W. J. LANCASTER,) Directo)-s. I). W. STABLE, Secretary. W. E. HORXE, J rec m s. We have examined the Cash transactions (receipts and payments) affecting the accounts of the Assets and Investments for the year ende(i December 31st. InO." and we iind the same ill good order and properly vouched. We have also examined the Deeds and Securities, Certificates. &c representing the Assets and Investments set out in the above account, and we certify that they were in possession and safe custody as on December 31st, 1905. DELOITTE, PLENDER, GRIFFITHS & CO., Chartered Accountants. 14th February, 1906. Reports, Prospectuses, Forms of Proposals, oo application to the Superintendent, M. ROBERTS, Clivedale, Cohvyn Bay; or to his Assistants W. R. DAVIES, A- JONES, Newborough Terrace, Holborn Villa, Conway. Rhyl. 183

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