Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1897-1898

208 ADVERTISEMENTS.
PRUDENTIAL ASSURANCE CO., LIM.
Chief Office-HOLBORN BARS, LONDON, E.G.
Summary of the Report presented at the Forty-eighth Annual Meeting held on Ath March, 1897.
ORDINARY BRANCH. — The number of Policies issued during the Year was 64,241, assuring the sum
of £6,507,820, and producing a New Annual Premium Income of £354,526.
The Premiums received during the Year were £2,543,262, being an increase of £239,249 over the year 1895.
The Claims of the year amounted to £588,874. The number of Deaths was 4598, and 365 Endowment
Assurances matured.
The number of Policies in force at the end of the year was 455,795.
INDUSTRIAL BRANCH. — The Premiums received during the year were £4,578,793, being an increase
of £226,168.
The Claims of the year amounted to £1,706,481. The number of Deaths was 183,959, and 1630 Endow-
ment Assurances matured.
The number of Free Policies granted during the year to those Policyholders of five years' standing who
desired to discontinue their payment?, was 59,534, the number in force being 499,296. The number of Free
Policies which became Claims during the ytar was 9283.
The total number of Policies in force at the end of the year was 12,130,542 : their average duration is
almost e.'iactly eight years.
The Asaets cf the Company, in both branches, as shown in the Balance Sheet, are £27,059,111, being an
increase of £3,143,221 over those of 1895. A supplement showing in detail the various investments is
published with this Report.
In their last Report the Directors drew attention to the success which had attended the introduction of
the special tables combining Life Assurance with a provision for old age. The popularity of these tables
still continues, and it will interest the Shareholders to learn that Endowment Assurances and other forms
of provision for old age are largely adopted by the public, the number of Policies securing benefits at age
sixty and upwards being over 550,000, and securing capital sums exceeding £23,000,000.
General Balance Sheet of the Company on the 31st December, 1896.
LIABILITIES.
Shareholders' Capital £900,000
Ordinary Branch Funds, 13,068,344 8 10
Industrial Branch Fund, 12,474,529 15 5
Reserve Fund, 500,000
Claims under Life Policies admitted, ... ... ... ... ... 116,237 2 6
ASSETS.
British Government Securities (£2,700,000 Consols), ...
Indian and Colonial Government Securities,
Railway and other Debentures and Debenture Stocks,
Loans on County Council, Municipal, and other Rates,
Freehold Ground Rents and Scotch Feu Duties,
Freehold and Leasehold Property,
Railway, Gas, Water, and other Stocks and Shares,
Metropolitan Consolidated Stock and City of London Bonds, ...
Bank of England Stock,
Foreign Government Securities,
Reversions,
Loans on the Company's Policies,
Rent Charges, ..
Outstanding Premiums, ...
Cash in hands of Superintendents, and Agents' Balances,
Outstanding Interest, and Rents,
Cash — On deposit, on current accounts, and in hand, ...
Edgar Hoene, Chairman. Henry Harben, J. W. Simmonds, Directors.
Thomas C. Dkwey, William Hughes, Managers. W. J. Lancaster, Secretary.
We have examined the Cash transactions. Receipts and Payments, affecting the accounts of the Assets i Ei
and Investments for the year ended December olst, 1896, and we find the same in good order and properly |
vouched. We have also examined the Deeds and Securities, Certificates, &c., representing the Assets and
Investments set out in the above Account, and we certify that they were in possession and safe custody as :
on December 31st, 1896.
17th February, 1897. DELOITTE, DEVER, GRIFFITHS & CO. ,
Glasgow Office— 71 RENFIELD STREET.
£27,059,111
6
9
£2,645,133
12
3
2,408,591
2,153,656
5
5
9
11
5,950,065
2,498,965
15
13

9
1,646,880
2,576,307
4,256,977
367,520
200,559
366,204
374,413
6
7
19
l.S
18
14
2
1
3
7
6
6
8
7
473,803
138,762
1
16
7
1
428,993
51,007
216,784
18
3
14
3
8
3
304,482
18
1
£27,059,111
6
9