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THE STANDARD LIFE ASSURANCE COMPANY, ESTABLISHED 1825. CONSTITUTED BY SPECIAL ACTS OF PARLIAMENT. ANNUAL REPORT, 1867. THE FORTY-FIRST ANNUAL GENERAL MEETING of the STANDARD LIFE JL ASSURANCE COMPANY was held at Edinburgh, on Wednesday the 8th of May, 1867,— H. MAXWELL INGLIS, Esq., P.C.S., in the Chair. TTHE MANAGER submitted to the Meeting— REPORT by the DIRECTORS as to the PROGRESS of the BUSINESS during the Year 1866. The Annual Report on the Books and Accounts by the Auditor of the Company, certifying that he had found the whole Accounts accurately stated and properly vouched. Balance-Sheet of the Company's Affairs, certified by the Auditor and three of the Directors, in accordance with the Acts of Parliament constituting the Company. A General and Comparative Statement explanatory of the Progress of the Business from 1825 to 1866. THE REPORT submitted by the DIRECTORS was shortly as follows The Board of Directors have again the pleasure of congratulating the Proprietors of the Company on its continued satisfac- tory progress. On occasion of the last Annual General Meeting in the Spring of 1866, the Directors had the pleasure of reporting the pro- gress and completion of large and important negotiations-namely, the transfer of the business of the MINERVA and VICTORIA OFFICES, and the successful amalgamation with the COLONIAL LIFE ASSURANCE COMPANY, all of which brought new connec- tions and varied advantages to the Institution. In May 1866 the satisfactory result of the Quinquennial Investigation into the Company's Affairs, and Division of profits, as at 15th November 1865, was reported, when the Company commenced the work of another lustrum, strengthened by its new and extended connections, supported on a broader basis, and full of confidence in the future, arising from the thorough inves- tigation which its Affairs had undergone with a successful and satisfactory issue. The first year of the new period has been marked, the Directors have pleasure in reporting, by complete success not only as regards the New Business transacted, but what is equally, if not more, important, the thorough and complete retention of the interests and connections of those Companies whose business was transferred to, or amalgamated with the STANDARD, The New Business, however, is perhaps the most tangible exponent of this statement, and the Directors are satisfied to rely on it as the test of their assertion. T J. HE following are the Results of the Business for the year under review AMOUNT PROPOSED FOR ASSURANCE during the year 15th November, 1865, to 15th November, 1866, XI,439,927 0 4 NUMBER OF PROPOSALS FOR ASSURANCE, 2389 AMOUNT OF ASSURANCES ACCEPTED, XI,190,281 11 2 NUMBER OF ASSURANCES COMPLETED, exclusive of Annuities, 2013 AMOUNT OF ANNUAL PREMIUMS on New Business. X38,918 19 11 AMOUNT OF CLAIMS BY DEATH, exclusive of Bonus Additions, X314,376 3 10 ANNUAL REVENUE, S675,267 6 8 ACCUMULATED FUND, X3,700,005 1 4 These figures represent numerous interests and an important trust, not much fewer than 2S,000 persons holding Policies from the Institution. They are also a sure test of the confidence placed in the Institution by the public and the Directors, impressed with the responsibility which such a trust involves, make it their study to conduct the business on the soundest principles, free from speculation or undue anxiety to make profits. In accordance with these principles, the Directors have confined the Investment of the Company's large Funds to thoroughly reliable securities, preferring for the great bulk of their Investments the Mortgage of land at fair rates of interest to increased returns on Investments of a less certain nature; and in proof of this they request attention to the following Statement, show- ing the Company's Investments as at 15th November, 1866 :— Mortgages and other Landed Securities, £ 2,535,748 14 6 Government Securities, 86 782 17 2 Loans on the Company's Policies within their Surrender Value, 198^610 2 5 Stocks and Debentures 218*313 9 6 Bank Balances, Agents'Balances, and Premiums in which Days af Grace are current, 323,675 2 0 Invested abroad in connection with Colonial business, 49^275 17 2 Life Annuities and Reversions purchased 34*403 14 9 Various other Investments, 253) 195 3 10 R3,700,005 1 4 The Directors are satisfied that all interested will approve of this course of procedure, To all other points of Management the attention of the Directors is carefully directed. The records of the Company's tran- sactions have been brought into the most thorough state of efficiency, after giving effect to the transfers and amalgamation which have been carried through—a matter of the greatest importance in connection with transactions of such magnitude • and the endeavour of the Directors in future will be to conduct the Institution in such a manner as to devolop the resources at its command without seeking further extension of its field of action, making it their study to produce as much profit as they ean, consistently with liberal dealing, for the advantage of all interested. THE REPORT was unanimously adopted. rpHE ELECTION OF NEW DIRECTORS, to supply the places of those who retire by rotation, in terms of the Company's H Acts of Parliament, followed. The Establishment was then constituted as follows for the ensuing year :— GOVERNOR —HIS GRACE THE DUKE OF BUCCLEUCH AND QUEENSBERRY, K.G. Tl « ( THE RIGHT HON. THE EARL OF DALKEITH, M.P. DEPUTL-GOVERNORS, J T £ [E RJQHT HQN THE EARL QF G^AIR, K.T. EDINBURGH, 3 AND 5, GEORGE STREET. ORDINARY DIRECTORS. CHARLES PEARSON, Esq., C.A. J. HAY, Esq., Merchant, Leith. T. MENZIES, Esq., Merchant, Leith. GXORGE MOIR, Esq., Advocate. H. MAXWELL INGLIS, Esq., P.C.S. H. DAVIDSON, Esq., Merchant. T. GRAHAM MURRAY, Esq., W.S. ANDREW BLACKBURN, Esq. W. S. WALKER, Esq., of Bowland. Sir J. Y. SIMPSON, M.D., Bart. JAMES VEITCH, Esq., of Eliock. J. Lindsay, Esq., Woodend. JAMES lloE, Jun., Esq., W.S. ROBERT HUNTER, Esq. JOHN DUNDAS, Esq., C.S. W. JAS. DUNCAN, Esq., Manager of the National Bank of Scotland. ANDREW WOOD, Esq., M.D. WM. MONCREIFF, Esq., C.A. Manager and A ctiti-ary, -WILL. THOS. THOMSON, F.R.S.E. Home Secretary,-THOMAS ROBERTSON. Colonial and Foreign Secretai-y,-D. CLUNINE GREGOR. Accountant,-A. WOOD STEWART. Joint A ctuary,-SPENCER C. THOMSON, B.A., Cantab. Auditor,-C-HARLES PEARSON, C.A. Physician,-PROFESSOR CHRISTISON, M.D. Bankers.-TIIE BANK OF SCOTLAND; THE ROYAL BANK OF SCOTLAND. LONDON, 82, KING WILLIAM STREET. CHAIRMAN OF THE BOARD.—THE RIGHT HONOURABLE LORD ELCHO, M.P. ORDINARY DIRECTORS. ALEXANDER GILLESPIE, Esq., Heathfield, Walton-on-Thames LESTOCK ROBERT REID, Esq., 122, Westbourne Terrace. I FRANCIS LE BRETON, Esq., 21, Sussex P lace, Regent's Park. T. H. BROOKING, Esq., Merchant, New Broad Street. J. G. FRITH, Esq., Old Broad Street. I J. NESBITT, Esq., 42, Eastcheap. J. C. DIMSDALE, Esq., Banker. W. RATRAY, Esq., 41, Tavistock Square. CHARLES HEMERY, Esq., 28, Threadneedle Street. Lieutenant-Colonel JAMES D. G. TULLOCH. General Secretary for .England,—HENRY JONES WILLIAMS. Inspectors,—GEORGE EDWARDS STEPHEN HUDSON. iffedical Oiffcers,-A. TWEEDIE, M.D. R. H. SEMPLE, M.D. Banktrs,— LONDON & WESTMINSTER BANK LONDON & COUNTY BANK; MESSRS DIMSDALE, FOWLER, & BARNARD, Cornbill. LONDON.—WEST-END OFEICE-3, PALL MALL EAST, S.W. BOARD OF DIRECTORS. Colonel JAMES HOLLAND (late Quartermaster-General, Bombav), 24, Princes Square, Hyde Park, W. J. R. THOMSON, Esq., of J. R. Thomson & Co., St. Peter's Chamber?. Cornhill. I STEPHEN W,VLCOTT, ESQ., 17, Lansdowne Crescent, Ken- sington Park. STEPHTM W,VLCOTT, ESQ., 17 Lansdowne Crescent, Ken- sington Park. T>" 45> Inverness Terrace, Bayswater, W. P. P. Blyth, Esq., 53, Wimnole Sw s,,„c.o J. FLEMING, Esa., of Messrs. Robinson and Fleming, of Austin Friars. H Resident Secretary,—SAMUEL R. FURGUSSON. Inspector,-JOHN O'HAGAN. Medical Officers,- HENRY OLDHAM, M.D. SAMUEL SOLLY, Surgeon. BY ORDER OF THE DIRECTORS, WILL. THOS. THOMSON, Manager. H. JONES WILLIAMS, General Secretary for Englavd. FURTHER INFORMATION can be obtained by application at the Offices of the Company in Edinburgh, London, Dublin, and Glasgow, or at any of the Agencies which have been established in almost every Town of importance throughout the Kingdom. I COLONIAL AND FOREIGN ASS URANC-ES.-Asstirtiiiees granted on the Lives of persons proceeding abroad. Branch Offices and Agencies in India and all the British Colonies, where Pre- mill-A can be received and Claims settled S 82, KING WILLIAM STREET, E.C.; AND LONDON, j gj PALL MALL EAST, S.W. EDINBURGH, 3 AND 5, GEORGE STREET, (HEAD OFFICE). DUDLIN, 66, UPPER SACKVILLE STREET. Agent for Brecon-Mr. JOHN EYANS, Post Office. BROWN AND POLSON'S PATENT CORN FLOUR. Packets, 8d., Tins, Is. WARRANTED PERFECTLY PURE. Recommended for CHILDREN'S DIET. The Second quality Indian Corn Flour is sup- plied at 6d. Counterfeit cheap kinds are sometimes offered instead of Brown and Poison's, which bears the makers' signatures. "JOHN BROWN," "JOHN POLSON," Upon each Packet. BRECON POOR RELIEF FUND. EXPENDITURE. January, 1867. £ s. d. To Amount Upended in Relief of Poor 168 12 6 To Balance in the hands of Treasurers. 37 11 7 S206 4 1 RECEIPTS. January, 1867. £ s. d. By Balance from 1866 48 13 1 „ Interest on the late R. T. Watkins legacy 20 3 0 „ Amount of Subscriptions received. 137 8 0 £ 206 4 1 Examined and found corrrect, JAMES MORGAN. JAMES MORGAN. JOHN DAVIES, Mayor. BRECONSHIRE SUMMER ASSIZES, THE Commissions of Nisi Prius of Oyer and Terminer and of General Gaol Delivery for the County of Brecon, will be opened at .the SHIRE HALL, BRECON, on SATURDAY, the Twenty-seventh dav of JULY, 1867, be- fore the Honourable "Sir WILLIAM FRY CHANNELL, Knight, one of the Barons of our Lady the Queen of Her Court of Exchequer at Westminster, when all Justices of the Peace, Mayors, Cox-oners, and Bailiff's of Liberties, within the said County, and all Jurors, Persons bound by Recognizances, and others having business, are required to attend. JOHN WILLIAMS MORGAN, ESQUIRE, High Sheriff. DAVID WILLIAM JONES THOMAS, Under, Shenff. Under Sheriff's Office, Brecon, 26th June, 1867. Aim FIRST BRECKNOCKSHIRE RIFLE VOLUNTEER CORPS. ORDERS for the Week ending JULY 6th, 1867. Officer on duty—Ensign John James. Orderly Sergeant—L. W. Price. Corporal—Richard Hargest. Class Registering on Monday, Wednesday, and Friday, at 4 p.m., and on Tuesday, Thursday, and Saturday, at 6 a.m. and 6 p.m. Ammunition to be had from 3 to 4 p.m. on Monday, Wednesday, and Friday, and from 5 to 6 on Tuesday, Thursday, and Saturday. Private practice when not Registering attended by a Non-Commissioned Officer, by those who have Registered in the 2nd and 3rd Classes. The band will practice on Thursday, the 4th of July, at 7 p.m. COUNTY ASSOCIATION CUP. Competition for the above to take place at Llangorse, on the 6th of August. The highest scores, as rules laid down, will be chosen to repre- sent the Company. Practice every day at 2-0 p.m. Ammunition to be drawn at the hours stated as above. By Order, PENRY LLOYD, Orderly Rooms, Watton, Capt. Commanding. Brecon, June 28th, 1867. NOTICE TO ADVERTISERS AND CORRESPONDENTS. All Correspondence and Advertisements to be ad- dressed to the Editor, "Reporter" Office, Bulwark, Brecon, on or before Friday morning. The Editor will not undertake to return rejected communications, and wishes his correspondents to understand that ivhatever is intended jor in- sertion, must be verified by the name and address of the writer.

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