TABLE OF GOLD AND SILVER COINS, Showing the Value at which the following Coins are now current in England and on the Continent, varying according to the ** The calculations of the following Tables are governable by or from the Pound Sterling; slight differences may occur by the Currency 48, GRACECHURCH STREET, LONDON, FOR MUTUAL ASSURANCE ON LIVES, ANNUITIES, &c. Bankers-Messrs. Brown, Janson, and Co., and Bank of England. Consulting Actuary-Charles Ansell, Esq., F.R.S. Extracts from the Report of the Directors for 1853 :— "The Directors congratulate their fellow-members on the very gratifying result of the recently-completed quinquennial investigation of the assets and liabilities of the Institution, by which it appears that on the 20th November, 1852, after providing for the present value of all the liabilities in the Lite Assurance department, a surplus remained of 242,6277., which has been duly apportioned as heretofore. The reductions range from 5 to 89 per cent. on the original annual premiums, according to the age of the party and the time the policy has been in force; and the bonuses vary in like manner, from 50 to 75 per cent. on the amount of premiums paid during the last five years. "The total amount of the reductions per annum for the ensuing five years is 33,3487. 17s. 2d. "The bonuses assigned to those policies on which the original premiums continue to be paid amount to 89,8801. 5s. This, together with bonuses apportioned at former divisions, makes an aggregate addition to the sums assured by the policies in force of 126,564. "Notwithstanding the great reduction of premiums the net annual income arising from 12,326 existing policies is 163,9127. 7s. 1d.; this sum, with the interest on invested capital, viz., 37,2981. 7s. 3d., shows a total annual income of 201,2107. 14s. 4d." The amount of Capital exceeds ONE MILLION STERLING. Prospectuses and all other information may be obtained on application to the Office. JOSEPH MARSH, Secretary. June 24, 1854. |