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THE ST AND ABD LIFE ASSURANCE COMPANY, ESTABLISHED 1825. CONSTITUTED BY SPECIAL ACTS OF PARLIAMENT. ANNUAL REPORT, 1867. THE FORTY-FIRST ANNUAL GENERAL MEETING of the STANDARD LIFE ASSURANCE COMPANY was held at Edinburgh, on Wednesday the 8th of May, 1867,— H. MAXWELL INGLIS, Esq., P.C.S., in the Chair. THE 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 tiae 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 lath 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. THE following are the Results of the Business for the year under review :— AMOUNT PROPOSED FOR ASSURANCE during the year 15th November, 1865, to loth November, 1866, £1,439,927 0 4 NUMBER OF PROPOSALS FOR ASSURANCE, 2389 AMOUNT OF ASSURANCES ACCEPTED, £ 1,190,281 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, £ 675,267 6 8 ACCUMULATED FUND, X3,700,005 1 4 These figures represent numerous interests and an important trust, not much fewer than 28,000 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 of 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 Varioug other Investments, I. 253,195 3 10 93,700,003 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 can, 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 I 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. n ( THE RIGHT HON. THE EARL OF DALKEITH, M.P. DEPUTY-GOVERNORS, J mE RIGHT H0N mE EaRL of STAIR, K.T. EDINBURGH, 3 AND 5, GEORGE STREET. ORDINARY DIRECTORS. CHARLES PEARSON, Esq., C.A. J. HAY, Esq., Merchant, Leith. T. MESIF.S, Esq., Merchant, Leith. GEORGE MOlR, 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.I)., Bart. JAMBS VEITCH, Esq., of Eliock. J. Lindsay, Esq., Woodend. JAMES HOPE, Jun., Esq., W.S. ROBERT HLI-STElt, Esq. JOHN DUNDAS, Esq., C.S. W. JAS. DUNCAN, Esq., Manager of the National Bank of Scotland. ANDREW WOOD, Esq" M.D. WSI. MONCREIFF, Esq., C.A. Manager and A ctu?-ary, -WILL. THOS. THOMSON, F.R.S.E. Home See)-etary,-THOMAS ROBERTSON. Colonial and Foreign Secretary,-D. CLUNIN E GREGOR. Accountant— A. WOOD STEWART. Joint A ctuary,-SPENCER C. THOMSON, B.A., Cantab. A ud,itrr,-Cil ARLES PEARSON, C.A. Physician,—PROFESSOR CIIRISTISON, M.D. Bankers.-THE BANK OF SCOTLAND; THE ROYAL BAtNK 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 I LESTOCK ROBERT REID, Esq., 122, Wcstbourne Terrace. I FRANCIS LE BRETON, Eaq., 21, Sussex Place, 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. DTMSDALE, Esq., Banker. W. RATRAY, Esq., 41, Tavistock Square. CH ARLES HEMKRY, Esq., 28, Threadneedle Street. Lieutenant-Colonel JAMES D. G. TULLOCH. General Secretary for England,—HENRY JONES WILLIAMS. Inspectors,—GEORGE EDWARDS STEPHEN HUDSON. Medical Officers,-A. TWEEDIE, M.D. R. H. SEMPLE, M.D. Bankers.-LONDON & WESTMINSTER BANK LONDON & COUNTY BANK; MESSRS. DIMSDALE, FOWLER, & BARNARD, Coriil)ill. LONDON.—WEST-END OFFICE-3, PALL MALL EAST, S.W. BOARD OF DIRECTORS. Colonel JAMES HOLLAND (late Quartermaster-General, Bombav), 24, Princes Square, Hyde Park, W. J. R. TttOMso. Esq., of J. K. Thomson & Co., St. Peter's Chambers, Cornhill. „„ r T?T T?\TTMn Van nf Mpssrs. K.nrv STEl'HE:-I \VALCOTT, ESQ., 17, Lansdowne Crescent, Ken- sington Park. R, M' KERRELL, Esq., 45, Inverness Terrace, Bayswater, \V. P. P. Blyth, Esq., 53, Wimpole Street, Cavendish Square. ¡Yl()n :nl(l nf A n. b_. v^iiamoers, vormuu. jo, wimpoie street CavpnrliRh Snuarp Jt FLEMIXG, Esq., of Messrs. Robinson and Fleming-, of Austin Friars. ^avenai&a bquare. J 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 England. 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 thronghout the Kingdom. COLONfAL AND FOREIGN ASSURANCES.—Assurances granted on the Lives of persons proceeding abroad. Branch Offices and Agencies in India and all the British Colonies, where- Pre- miums can be received and Claims settled Tnvnnv J 82> KING WILLIAM STREET, E.C.; AND JJUJNDLJN, | 3} PALL MALL EAST, S.W. EDINBURGH, 3 AND 5, GEORGE STREET, (HEAD OFFICE). DUDLIN, 66, UPPER SACKVILLE STREET. Agent for Brecon-Mr. JOHN EVANS, 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. BRECKNOCKSHIRE COUNTY COURTS These Courts will be holden at the places and times following Brecknock—Friday, July 19th; Friday, August 23rd. Bnilth- vVednesday, July 24th Saturday, Septemher 21st. Crickhowell-Weclnesdiy, August 7th. Hay—Tuesday, July 30th, and Wednesday, July 31st; Friday, September 27th, and Saturday, September 28th. These Courts are held only in alternate months. BOROUGH OF BRECON. ALL Persons having Claims on the Town Coun- cil, or the L-ical Board of Health of this Borough, are hereby required to forward the full particulars thereof to the Town Clerk's Office, at or before 12 o'clock at noon of Tuesday, the 30th day of July instant, in order that the same may be examined by the FinancelCommittee, previously to the next quarterly meeting, and be thereafter, if allowed, discharged. ,P' By Order, STEPHEN ^BOWEN EVANS, Town Clerk's Office, Town Clerk. Lion Street, Brecon, 24th July, 1867. BRECONSHIRE SUMMER ASSIZES, 18 07. THE SHERIFF'S ORDINARY will be held X at the WELLINGTON HOTEL, BRECON, on SATURDAY, the 27th inst., at 5 o'clock. Gentlemen purposing to honor the High Sheriff with their company are respectfully requested to intimate their intention at the Bar of the Hotel. Brecon, July 18th, 1867. NOTICE TO ADVERTISERS AND CORRESPONDENTS. All Correspondence and Advertisements to be ad- dressed to the Editor,11 Reporter" Office, Bulwark, !Yli Brecon, on or before Friday morning. The Editor will not undertake to return rejected communications, and wishes his correspondents to understand that whaÜver is intended jar in- sertion, must be verified by the name and address of the writer.

THE DOWLAIS MURDER.

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BRECON AND MERTHYR RAILWAY.

I BRECON AND MERTHYR SECTION.

IMID-WALES RAILWAY.-

NEATH AND BRECON RAILWAY.

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