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THE STANDARD LIFE ASSURANCE COMPANY, ESTABLISHED 1325. J CONSTITUTED BY SPECIAL ACTS OF PARLIAMENT," • ANNUAL REPORT, 1867. rrflB FORTY-FIRST ANNUAL- GENERAL MEETING of the STANDARD LIFE JL ASSURANCE COM PAN Y was held at Edinburgh, on Wednesday the 8th of May, 1867,— .!n fL MAXWELL INGLIS, Esq., P.C.S., in the Chair. T IliE MANAGER submitted to the Meeting— RgrORT by the DIRECTORS as to the PROGRESS of the BUSINESS during the Year 1866. v 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. v -Balance-Sheet of the Company's Affairs, certified by the Auditor and three of the Directors, iu accordance with the Acts of Parliament constituting the Company. A General and Comparative Statement explanatory of the Progress of the Business from 18.2;) 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., •• •• 1: On occasion of the last' Aiinntl 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 fie satisfactory result of the Quiiiquenniil. 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. „ j T JL HE 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 i AMOUNT OF ASSURANCES ACCEPTED, £1,190,281 11 2 r NUMBER 0? ASSURANCES COMPLETED, exclusive of Annuities, 2013 AMOUNT OF ANNUAL PREMIUMS, on New Business. £ 38,918 .19 11' v AMOUNT OF CLAIMS BY DEATH, exclusive of Bonus Additions, £ 314,376 3 10 ANNUAL REVENUE. £ 675,267 6 8 ACCUMULATED FUND, £ 3,700,005 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. Qn 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 of land at fair rates of interest to increased returns on Investments of a less certain nature; and in propf-of this they request attention to the following Statement, show- ing the Company's Investments as at 15th November, lb66 I I Mortgages and other Landed Securities .I I. t2,535,748 14 6 Government Securities, 86,782 172 Loans on the Comjiaiiy'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 Various other Investments, 253,195 3 10 £ 3,700,005 1 4 The Directors are satisfied that all interested will approve of this course of procedure. To all otjjer points of Management the attention of the Directors is carefully directed. The records of the Company's tran- saction 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 tlte 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 J- 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. „ < THE RIGHT HON. THE EARL OF DALKEITH, M.P. DEPLTI-GOVERNORS, j THE EIGHT H0N the eaRL OF STAIR, K.T. EDINBURGH, 3 AND 5, GEORGE STREET. ORDINARY DIRECTORS, a1 CHARLES PEARSON, Esq., C A. J. HAY", Esq., Merchant, Lcith. T. MENZIES, Esq., Merchant. Leith. GEORGE MOTH, Esq., Advocate. H. MAXWELL INGLl5,Esq., P.C.S. H. DAVIDSON, Esq., Merchant. T. GRAHAM MURRAY, Esq., W.S. I ANDREW BLACKBURN, Esq. W. S. WALKER, Esq., of Eowland. Sir J. Y. SIMPSON, M.D., Bart. JAMES VEITCH, Esq., of Eliock. J. Lindsay, Esq., Woodond. JAMES HOPE, Jun., Esq., W.S. ROBERT HUNTER, Esq. JOHN DUNDAS, Esq., C.S. W. JAS. DUNCAN, Esq., Manager of the National Bank of Scotland. .1 ANDREW WOOD, Esq., M.D. WM. MONCltElFF, Esq., C.A. Manager and Act tira?-y, -WILL. THOS. THOMSON, F.R.S.E. f Borne Secretary,—THOMAS ROBERTSON. Coloi-bial a?-t(I lbi-eigtt See,etary,-D. CLUNINE GREGOR. • T><n" w Accountant,-A. WOOD STEWART. .Joint A ctuary,-SPENCER C. THOMSON, B.A., Cantab. A itditor,-Cil ARLES PEARSON, C.A. Physician,—PROFESSOR CHRISTISON, M.D. Bankers.—TEE BANK OF SCOTLAND; THE ROYAL BANK OF SCOTLAND. r-' 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 J. NESBITT, Esq., 42, Easteheap. LESTOCK ROBERT REIP, Esq., 122, Westbourne Terrace. J. C. DIJISDALE, Esq., Banker. FRANCIS LE BRETON, Esq., 21, Sussex P lace, Regent's Park. W. RATRAY, Esq., 41, Tavistock Square. T. H. BROOKING, Esq., Merchant, New Broad Street.. CHARLESUEJIERY, Esq., 28, Threadneedle Street. J. G. FRITH, Esq., Old Broad Street. Lieutenant-Colonel JAMF.S D. G. TULLOCH. 'HF T. H. BROOKING, Esq., Merchant, New Broad Street. CHRLES REIERY, Esq., 28, Threadneedle Street. J. G. FRITH, Esq., Old Broad Street. Lieutenant-Colonel JAMF.S D. G. TULLOCH. General Secretary for England,—HENRY JONES WILLI AMS. Inspectors,-GEORGE EDWARDS STEPHEN HUDSON. Medical Oiffcers—A. TWEEDIE, M.D.; R. H. SEMPLE, M.D. Bankers,-LONDON & WESTMINSTER BANK; LONDON & COUNTY BANK: MESSRS. DIMSDALE, FOWLER, & BARNARD; Cornbill. ii. -I- LONDON.—WEST-END OFFJCE—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. Ptter's Chambers, Cornhill. „ 11 STEPHEN WALCOTT, ESQ., 17, Lansdowne Crescent, Ken- sington Park. 5' iV'^s?-> Inverness Terrace, Bavswater, W. 1 •' 53, Wimpole Street. Cavendish Sauare. J. FLEMING, jtsQ., 01 messrs. ttoDinson anct t'iemni)?, of Austin Friars. -.v- Resident Secretary,—SAMUEL R, FURGUSSON. Inspector— JOHN O'HAGAN.1 Medical Officers,- HENRY OLDHAM, M.D. SAMUEL SOLLY, Surgeon. E LLY, Su rgef)n. ,.„ BY ORDER OF THE DIRECTORS, ;• WILL. THOS. THOMSON, klaafler. 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 ia almost every 1 Town of importance throughout the Kingdom. .„ COLONIAL AND FOREIGN ASSURANCES.—Assurances granted on the Lives of persons proceeding abroad. Branch Offices an/1 Agencies in Indiailict all the Briti^- Colonies, where Pre- miums can be received and Claims settled l- ■ T NVNAW ( 82, KING WILLIAM'STREET, E.C.; AND LONDON.j PALL MALL EAST, S.W. EDINBURGH.3 AND 5, GEORGE STREET, (HEAD OFFICE).. DUDLIN, m, UPPER SACKVILLE"STREET. ■ Agent for Biecoii—MrrjQM ETi-IS, -Post BROWN, AND. POLSON.'SI PATENT; CORN FLOUR. I" 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. BRECKNOGKSRIRECOUNTY COURTS These Courts will be holden at the places and times following Brecknock—Friday, July- 19th Friday, August 23rd. Dtiilth-Wednesday, July 24th; Saturday, September 21st. Crickhowell—Wednesday, 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, NOTICE TO ADVERTISERS AND CORRESPONDENTS. All Con 'espondence and Advertisements to be ad- dressed to the EditOl, "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 whatever is intended jar in- sertion, must be verified by the name and address of the writer.

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