GUARDIAN ASSURANCE BONUS
The Guardian Assurance Company's quinquennial valuation falls due at the end of this year, and at the meeting on Monday Colonel Lionel H. Hanbury warned policyholders that the scales of bonus were unlikely to be as favourable as those declared in 1935. This was, he explained, the consequence of the continuous fall in interest rates, and of the necessity of making very conservative assumptions in the calculations. Notwithstanding this warning, Colonel Hanbury has every confidence that a with-profits policy with the Guardian will continue to be a profitable form of investment. He pointed out that in spite of the further depreciation in the value of the company's Stock Exchange investments last year, on Decem- ber 31st they still had an appreciation of over £5oo,000 on the investment portfolio.
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