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Prudential Assurance Company, Ltd. I Chief Officc-HOLBORN BARS, LONDON. Summary of the Report presented at the Sixtieth Annua! Meeting, held on 4th March, 1909. ORDINARY BRANOH.-Tlhe number of policdes issued during the year was 80,379, assuring the sum of £ 7,614,898, and producing a new annual premium income of £ 440,376. The premiums received during the year were £ 4,616,337, being an incirease of P,135,960 over the year 1907. The claims of the year amount- ed to £ 2,812,962. The number of deaths was 8,389, and 15,322 endowment assurances matured. The number of policies in force at the end of the year was 866,797. INDUSTRIAL BRANCH, The, premiums re- ceived during the year were 96,925,755, being an increase of £ 264,124. The claims of the year amounted to, eC2,670,345, including C72,696, the propoirtion of bonus paid since the date of the last Annual Meeting. The number of claims and surrenders, including 4,355 endowment assurances matured, was 310,722. The number of free policies granted during the year to tnos-3 policy holders of five years' standing and upwards who desired to discontinue their pay- meats, was 145,261, the number in force being 1,395,929. The number of free policies whiiclh became -claims1 during tihe j^ear was 40,094. The total number of policies in force' at the became cladTn,s during tihe year was 40,094. The total number of policies in force' at the ■end of the year was 17,963,127: their average duration exceeds eleven and a quarter years. The assets of the company, in both branches, ( as shewn in the balance sheet, are P,71,958,859, > being an increase of zP,3,952,575 over those of 1907. In the Ordinary Branch a reversionary bonus at the rate of £1 12s. per cent, on the original sums assured has again been added to all classes of participating policies issued since the year 1876. The Directors are pleased to announce an increase in the Industrial Branch bonus, All policies of over five years' duration which be- come claims either by death or maturity of endowment from the 5th of Maseeh, 1909, to the 3rd of March., 1910, both dates inclusive, will participate. This bonus will be paid by way of addition to the sums assured of:- £ 5 per cent. on all policies becoming claims upon which at least five but less than ten years' premiums have been paid, £ 10 per cent, on all policies becoming claims upon which at least ten but less than twenty P, 1 — years' premiums have been paid, and £ 1Z 10s. per cent on all policies becoming claims upon which at least twenty years' premiums have been paid. General Balance Sheet f the the Summary of both Branches, on the ;;ist December, 1908. LIABILITIES. Shareholders' capital 1,000,000 0 0 Reserve funds 2,850,000 0 0 Life assurance funds 67,894,765 0 4 Claims under life policies ad- mitted 146,790 18 10 Bonus under life policies re- served for distribution 67,303 4 11 £ 71,958,859 4 1 ASSETS. British Government securities 3,416,799 17 6 Indian and Colonial- govern- ment securities 6,282,786 12 11 Railway and other debentures and debenture stocks, and | gold and sterling bonds 10,119,247 2 1 Loans on County Council, Municipal, and other rates 15,036,040 5 5 Freehold ground rents, and Scotch feu duties 4,82,0,107 8 7 Freehold and leasehold property 3,729,237 18 11 Mortagages on property within the United Kingdom 8,997,567 2 6 Railway, Gas and Water stocks 7,60302 16 2 Suez Canal shares 161,192 13 5 Telegraph and other shares 96,984 18 0 Leasehold ground; rents 8,207 13 0 Metropolitan and London County Consolidated stocks, and Cdty of London bonds. 248,406 8 9 Metropolitan Water Board stocks 435,263 10 7 Bank of England stock 202,754 7 10 Indian, Colonial and Foreign corporation stocks 2,268,696 4 2 Foreign government securities. 2,438,547 8 4 Reversions and Life Interests. 1,339,794 19 6 Loans on the company's policies 2,80(1,987 16 2 Rent charges 249,736 11 8 Outstanding premiums and agents' balances 563,622 3 0 Outstanding interest and rents. 587,149 17 7 Cash—In hands of superinten- dents 34,951 2 0 accounts, and in hand 451,774 6 0 £ 71,958,859 4 1 FKEDK- SCHOOLING,} Joint D. W. STABLE, Joint A.C.THOMPSON, i Managers J. SMART, I Secretaries. H. A HAEBEN, Chairman- THUS- 0. DEWEY, n-fnT. W. LANCASTER, directors. We report that with the assistance of the Chartered Accountants as stated below we have examined the foregoing accounts and have obtained all the information and explanations that we have required and in our opinion such accounts are correct and the foregoing Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs according to the best of our information and the explanations given to us and as shewn by the books of the Company. PHILIP SECRETAN l W. H. NICHOLLS, J AuaUors- We have examined the Cash transactions (receipts and payments) affecting the accounts of the Assets and Investments for the year ended December 31st, 1908, and we find the same in good order and properly vouched. We have also examined the Deeds and Securities, Certificates, &c., representing the Aesets and Investments set out in the above account, and we certify that they were in posession and safe custody as on December 31st, 1908. 15th February, 1909. DELOITTE, PLENDER, GRIFFITHS, & Co., Chartered Accountants. The Company's New Prospectus, Annual Report and Balance Sheet and any in- formation may be had from MR W. EVANS, Assistant Superintendent, 5, Newboro Terrace, Conway, or any of the local agents, or from W. THOMPSON, Superintendent, 'Clivedale" Colwyn Bay.

4.'^ CARNARVON GUARDIANS.

-----THE DOMEISiTrO RlEMEiDY.

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CiOWLIYD WATER BOARD.

------_ CONWAY COTTAGE; HOMES.

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-, THE! CHARLESWORTH CASE.

--------PLANS AND STRUCTURAL…

---LLANDUDNO v. DISTANT TOWNS.…

THE FREE TRADE ISSUE. *

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LLANDUDNO AS IT WAS.