Prudential Assurance Year

Dominion, Volume 28, Issue 98, 19 January 1935, Page 10

Prudential Assurance Year

The following cable has been received from the directors of the Prudential Assurance Company, Limited, London: The directors announce that, in the ordinary branch, the new sums assured written during 1934, excluding group and reassurances, exceeded £25.000,000, constituting a record for the company. The annuity purchase money exceeded £1,900,000. In the industrial branch new sums assured written exceeded £60,300,000. The Prudential is the largest insurance institution in the British Emp’ire, and the trend of its new business provides a valuable guide to economic conditions. That 1934 has provided a record in this company’s history for ordinary branch new business is a significant and encouraging fact. The Australian and New Zealand branch, which has only been operating for just over three years, completed £1,563,500 in new sums assured during the past year.

Mount Lyell Production Production of the Mount Lyell Mining and Railway Co., Ltd., for the quarter ended December 31 compares with that of the quarter ended September 30 as follows :— Quarter ended — Sept. 30. Dec. 31. Tons. Tons Ore treated by mill .... 119,162 130,620 Concentrates produced . 11,005 11.7-0 North Mount Lyell ore o „ smelted * 4.077 6,34 a Concentrates smelted .. 10,018 13.516 Total ore, etc., smelted . 14.095 Blister copper produced 2,252 3,46 b Contents— Copper, tons 2.235 3,43 a Silver, oz 26,987 31,o«»3 Gold, oz 1,199 •Cathode copper prod., tons 2,555 j 0,143 Furnace ran, days 58 King Solomon Wash-up By Telegraph.—Press Association. Invercargill, January 18. The King Solomon wash-up totalled 690 z. 12dwL