The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1877-03-13 00:00:00

APARTMENTS.

110 BE LET, in Dorchester, TWO UNFUR-
-IUSDED ROOMS, with use of Rack Kitchen,
tke. An elderly, respe,Lible. finiet venom preferred.
—Apply, by letter only, " W.,- office of this ',ape.,
4.llorcter.

DOlit 'H ESTE It.

itIREEIBILD BUILDING LAND to be
SOLD or LET on I,E.Vili in de,drable
Plans a,ndliarticularA are now ready, and may be
seen on *truncation to Messrs. Arcirnews and POPE,
Solicitors. ltorchester.

rEATED BY THE PITET.IC A.NALYTICAI

CHENILST.

JOHNSON,
JOHNSON AND OVII
PURE TEA,
szeiritEn IN TIN FOIL PACKETS.
Free from all mineral colour, or other adulteration—
Wholesome and Invigorating —of great strem:th and
delicious flavour—and Clicaper and Better titan any
other Tea.
QUALITIES FROM 2s. TO 4s. PER POUND
Sold by upward:. of Three Thousand authorised
Agents throughout the Kingdom.
LOCAL AGENTS :
Dorchester, Promise, Chemist Easton LANZ,PIARCIS and Co.
Askerswell, Noses, Porn (Mier Malden Newton, )tims, Grocer
Braminster, Loosing. Coulee- Netherlmry, SITDUR, 01.00 et
tomer. b, BRIPTOVR, 150, Hitrh.Bl..
Bridport, Coosa, Confectioner Portland, JOLLITY!, BOOk•Onef
„ Bten. Bookseller Piddletrenthitle, OBOe,
Harbour, Jolts Oren Grocer
Barton Bradatock, Simms, Stolsorottgh, Hun, Baker
Grocer. rplrey, BOIMITCII, Baker
Come Abbas, norm, Book. Weymouth, Pun. to, Baker
seller „ Wtwass, Chemist
Corte Comte iteranta, Deter wool LAIOPOILD, Grocer
Joriarsorr, Jornrsort AND co.,
TEA misßaciffra,
SOVIZWARK, L 92132024,

GENTLE*F.N,

The Quinquennial Valuation of the liabilities of
your Company, to the 314 December, 1576, a work
far surpa.sing in magnitude any similar operation in
the history of Life Assurance in this country, has
been completed. During the progress of the work I
i
have from time to time nspected the various opera-
tions. awl hare had submitted to me the results.
The business of the Colupany is I lividea into two
Iw:unites, called the " Ordinary- and the " Industrial."
I'6.e are, henceforth, in pursnanee of powers which
l.ae been obtained for that purpose, to be worked
independently of each other, separate accounts being
kept for each.
, The total premium income of the Policies in force on
the 314 Det•eniber, 13? t, was 13,063.321 per annum.
I Of this, t5'3,215 belongs to the Ordinary, 080,576
to the Indiktrial Branch. . .

Of the former premiums, about 62 per cent, are
payable annually, the remainder half-yearly, quarterly,
and in a few cases monthly. The whole of the pre.
mimes of the Industrial Branch are payable weekly.
The liabilities of the Ordinary Branch have been
estimated, as explained in Mr. Hughes Report, the
Assurances by what is technically termed an Hu 3
per Cent. Pure Premium Valuation, the Annuities by
the Government Experience, also at 3 per cent.
interest. It will suffice to say that the effect ef these
proce.ekS 11.4 to subject the liabilities to a very stringent
test, which I believe that the greater number of
,
ordinary Life Assurance Congetnies could not bear.
In the Industrial Branch, the average amount
assured by each Policy is kii As. 9.1, and the average
weekly premium rather less than lid. ; the average
rate of premium is £4 7s. 114. per cent, per annum on
the sum assured. Of the total premiums, Eqper cent.
are payable on Polices that have been issued during .
the last five yea's; and of the remaining 17 per cent.,
more than one-fourth are for assurance on lives not
exceeding M years of age.
In acquiring and carrying on such a business as this,
heavy expense must necessarily be incurred. The
cost .4 acquiring the business is met by the condition
of the Polley stipulating that less than the full sum
assured shall be payable if death occur daring the first
year of askawanee ; thus reviving in another form the
Priwtice of requiring an entrance fee. The cost of con•
ducting the business is met by charging materially
higher rates .4 premium than in the Ordinary Branch.
Again, it is fo Iby experience that many of these
Polieies are allowed to lapse after short periods ; thus,
111 the Policies that were existing at the Into of the
last Valuation, five years ago, about as per cent, only
are now in tree.
.. ... . . . .