PEARL ASSURANCE.
The Report of the Pearl Assurance Company for last year shows further progress. The Funds of the Company exhibited an increase for the year of no less than £4,854,160, and now stand at 163,318,401. An Actuarial Report discloses a surplus of 11,325,963 in the Industrial Branch, inclusive of £117,284 brought forward. This amount is divided as to £553,850 to Policyholders, 1200,000 to Investments Reserve Fund, 173,726 to Staff Pension Fund, and £860,000 to Profit and Loss, leaving £138,387 to be carried forward. In the Ordinary Branch there was a surplus of £1,181,935 inclusive of 276,355 brought forward. A simple bonus of 46s. per cent, on sums assured is recommended. This absorbs £736,013, while £150,000 goes to Investments Reserve Fund, 126,274 to Staff Pension Fund, and £183,692 to Profit and Loss, carrying for- ward £85,956. The final dividend to shareholders absorbs £265,025, making with the interim dividend of similar amount a distribution of 50 per cent, for the year.
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