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THE STANDARD LIFE ASSURANCE COMPANY, ESTABLISHED 1825. CONSTITUTED BY SPECIAL ACTS OF PARLIAMENT. ANNUAL REPORT, 186T. 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 Meeti-llg- 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. 11 Balance-Sheet of the Company's Affairs, certified by the Auditor and three of the Directors, V 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 DiRECTORSwas shortly as follows The Board of Directors have again the pleasure of congratulating the Proprietors of the Company on its continued satisfac- tory progress. ) f On occasion of the last Annual General Meeting in' the Spring of 1866s JJjte Directors had the pleasure of reporting the pro- gress and completion of large and important negotiations-namcly, the TRANSFER.,of ,th6 business of "VI RVAjyid VICTORIA OFFICES, and the successful amalgamation with the COLONIAL LiFi. Asslrj\.>ce 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 tIle: Company's Affairs, and Division of profits, as at 15th November 186.5, 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 jn the future, arising from th,thorough inves- tigation which its Affairs had undergone with a successful and satisfactory issue. < f; »•« in 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_equaily, if not more, important, the thorough and Complete retention of the interesf^and connections of those Companies Svhose business was transferred to, or amalgamated with the STANDARD. The NewtSasiriess, 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. „ „ IHE 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, £ 1,439,927 0 4 ',< ).?I • NUMBER OF PROPOSALS FOR ASSURANCE, 2389 .:i' AMOUNT OF ASSURANCES ACCEPTED, :81 11 2 T NUMBER OF ASSURANCES COMPLETED, exclusive of Annuities, 2013 AMOUNT OF ANNUAL PREMIUMS on New Business. X. 19 11 AMOUNT OF CLAIMS*BY DEATH, exclusive of Bonus Additions, E314,376 3 10 ANNUAL REVENUE, £ 075,"267 6 8 ACCUMULATED FUND, 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'tfie jm-bfic and the Directors, impressed with the responsibility which such a trust involves, make it their study to conduct "tH'e 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, v I. £ 2,535,7-18' 14 6 Government Securities, V 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 Various other Investments, 253,195 3 10 -r ■ .i-v — L3,700,003 1 4 The D:recto¥S are satisfied that all interested -will approve of this course of procedure. To all other^wiwts-'Ot' Marmsirement th-e attention of the Directors'is carefully directed. The records of the Company's tran- ,Wn t of e sactions have Wnblf?uhh!ltt m\JS;t'-t\}(jr,QUgli,ittat-eofeffi'(jIWlcy. after giving effect to the transfers and amalgamation which have be^n carried tJYrOug:.a-=s. m^ttejr. of the greatest impbrt'^npein connection with transactions of such magnitude; and the ENDEAV<§A*^H#.I>IRECTFLJ8RTLF&I4IM» will be.to conduct tiie-lTistitutiatt m such a manner as to* de^olop. the re|ourefcs it its command without seeking further extension of its field of action, makiAj^'thelr study to produce as much profit as they can, consistently^sith liberal dealing, for the advantage of all interested. The REPORT was unanirnousln- adopted. THE ELECTION OF NEW DIRECTORS, to supply the places of those who retire by rotation, in terms of the Company's Acts of Parliament, followed. Tile Establishment was then constituted as follows for the ensuing year :— GOVERNOR,-HIS GRACE THE DUKE OF BUCCLEUCH AND QUEENSBERRY, E.G. n { THE RIGHT HON. THE E4RL OF DALKEITH, M.P. DEPUTY-GOVERNORS, j THE RiQHT HON THE EARL OF STAIR, K.T. EDINBURGH, 3 AND 5, GEORGE STREET. ORDINARY DIRECTORS. "r CHARLES PEARSON, Esq., C.A. J. HAY, Esq., Merchant, Leith. T, MENZIES, Esq., Merchant, Leith. GEORGE MOIR, Esq., Advocate. H. MAXWELL INGLIS, Esq., P.C.S. H. DAVIDSON, Esq., Merchant. T. GRAHAM MURRAY, Esq., W.S. ADREW BLACKBCRN, Esq. ■ W. S. WALKER, Esq., of Bowland. Sir J. Y. SIMPSON, M.D Bart. JAIES VEITCH, Esq., of Eliock. J. Lindsay, Esq., Woodend. JAMES HOPE, Jun., Esq., W.S. ROBERT HUNTER, Esq., JOHN DL:NDAS, Esq., C.S. W. JAS. DUNCVN, E-q Manager of the National Bank of Scotland. ADREW WOOD, Esq., M.D. WM. MONCREHVF, Esq., C.A. Manager and A cturary,—WILL. THOS. THOMSON, F.R.S.E. I:Iome Secretary,-THOMAS ROBERTSON. Colonial and Foreign Secretary,-D. CLUNINE GREGOR. A ccountant,-A. WOOD STEWART. Joii?t Aetvai,y,-SPEN""ER C. THOMSON, B.A. Cantab. A uditor,-Cil ARLES 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., Hcathfiekl,Walton-on-Thames LESTOCK ROBERT REID, Esq., 122, "Westboarna Terrace. FRANCIS LE BRETON, Esq., 21, Sussex Place, Regent's Park. T. H. BROOKING, Esq., ?1erchant, New Broad Street. J. G. FRITH, Esq., Old Broad Street. J. NESBITT, Esq., 42, Eastcheap. J. C. DIMSDALE, Esq., Banker: W. RvritAY, Esq.41,' Tavistock Square. CHARLES HEMERY, Esq., 23, Threadneedle Street. Lieutenant-Colonel JAMES D. G. TULLQCH. General Secretary for England,—HENRY JONES WILLIAMS. InspectoTs,-GEORGE EDWARDS STEPHEN HUDSON. 4, Merlicrtl OJJicers,-A. TWEEDIE, M.D. R. II,: .SEMPLE, M.D. Bankers -LONDON & WESTMINSTER BANK; LONDON &-COUNTY BANK • MfesSftfe'* DIMSDALE, FOWLER, & EARNARD, Corr'il)ill. 'v -LONDON.—wbst-end OFFICE-3, PALL TVIALL EAST, S.W. BOARD OF DIRECTORS. Colonel JAMES, JJ^LAND (late Quartermaster-General, Bombay), 2-f," Princes Square, Hyde Park, W. J. R. THOMSON, Esq., of J. R. Thomson & Co., St. Peter's Chambers, Corn hill. STEPHEN \AJ,COTT, Esa., 17 Lansdowne CrcWnf:'Ken- smgtop Park.- • S' 45' Inverness Terrace, Bavsfrater, W. '3'WlmP°le struct, CaVefftlrtJe Square. J. FLEMING, ESQ., of Messrs. lioomson and l'lerilmg, of Austin Friars. Resident Secretary,-SAMUEL R. l'URGUSSON. 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 ohhe 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. COLONIAL AND FOREIGN ASSURANCES.—Assurances granted on the Lives of persons proceeding abroad: Branch Offices and Agencies iu India and all the British Colonies, where Pre- miums can be received and Claims settled LONDON .I 82, KING WILLIAM STREET, E.O.; AND -1 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 Officer 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 maker. signatures. "JOHN BROWN," "JOHN POLSON," Upon each Packet. BRECKNOCKSHIRE COUNTY COURTS These Courts will be holden at the places and times followii)g B i-eck n ock -Friday, July 19th Friday, August 23rd. Builth—Wednesday, July 24th Saturday, September 21st. Crickliowell-Wecinesd;iv, 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 Correspondence and Advertisements to bearJ- 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 whatever is intended j or in- sertion, must be verified by the name and address of the writer. ••

FIRE. AT GLANUSK FARM.

TOWN COUNCIL.QUARTERLY MEETING.

BRECON AND MERTHYR RAILWAY.

IBRECONSHIBE SUMMER ASSIZES.