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Auction 2512 27th March2007

I The highest bidder at or above the reserve price shall be the buyer. If any dispute arises as to the highest bidder, the lot in dispute may be put up again and resold. The Auctioneer reserves the right of accepting or refusing any bid. No person shall advance less than £50 at each bidding except at the Auctioneer’s discretion. No person may retract any bidding once made. The seller reserves the right to fix a reserve price and to bid up to that price by himself or by his agent or by the Auctioneer.

II Immediately the auction has concluded, the buyer shall pay to Foster & Cranfield Limited (“the Auctioneer”) a deposit of 10 per cent in part payment of the purchase money for each lot and sign agreements in the form subjoined and shall pay the remainder no later than 28 days after the date of the auction (except as to lots otherwise provided for), at the offices of the Auctioneers or the respective sellers’ solicitors, when and where the purchases are to be completed. If any lot be sold after the auction, completion will take place no later than 28 days after the date the sale is agreed between the Auctioneers and the buyer; but should the completion of the purchases be delayed from any cause whatever, other than the wilful default or neglect of the seller beyond that period, the buyer shall (but without prejudice nevertheless to the seller’s rights under Condition VI or any other Condition of Sale) pay interest at the rate of 12 per cent per annum until completion.

III The buyer shall appoint solicitors and have proper conveyances, assignments or transfers of the lots prepared by and at the expense of the buyer but the cost of approval on behalf of and execution by the seller and all other necessary parties (if any) to be borne by the seller and on payment of the remainder of the purchase money as stipulated in Condition II the buyer shall be entitled, from the hour of sale, to all advantages of the policies and reversions and to the current dividends or interest on shares and debentures purchased, but annuities, life interests, interest on mortgages or any other income, except where the same are hereafter otherwise specially provided for, shall be apportioned to the date fixed for completion; but all premiums due, falling due or becoming payable after the date fixed for completion as at Condition II, are the buyer’s responsibility and any paid by the seller after this date are to be repaid to the seller by the buyer.

IV The seller shall furnish within 7 days from the date of the sale of any lot, at his own expense, an abstract of the documents under which the seller derives title, subject to the special Conditions relating to each lot. If completion is delayed by the wilful default or neglect of the seller, the buyer shall be entitled to revoke the sale and will then be entitled to the return of the deposit paid and payment by the seller of the buyer’s reasonable legal costs; the seller will also be liable for the payment of the Auctioneers’ fees.

V If, through any mistake, a lot should be improperly described or if there should be any error, omission or mis-statement in the Particulars not announced at the Auction, such error omission or mis-statement shall not vitiate the sale if the seller and buyer agree an amended value determined impartially by the Auctioneer or otherwise. However, should the seller and buyer not agree an amended value, the sale will be cancelled and the deposit returned to the buyer and, if the seller so requires, the lot may be re-offered for sale in the next available auction. Buyers must satisfy themselves as to the accuracy of all details and descriptions prior to completion as no adjustment to the purchase price will be allowed for any discrepancies subsequently coming to light.

VI Should the buyer neglect or fail to comply with any of the above Conditions or the Additional Conditions, the deposit money may be forfeited and the seller shall be at full liberty to re-sell the property sold to such buyer either by public or private sale and the deficiency (if any) arising by such second sale, together with all charges attending the same shall be made good by the defaulter at this present sale and be recoverable as liquidated damages and it shall not be requisite for the seller previously to tender any assignment or conveyance to such buyer.

VII The buyer and/or the seller acknowledge that the Auctioneer disclaims all liability for the accuracy of the particulars of each lot and the buyer and/or the seller shall have no claim against the Auctioneer in respect of any details, descriptions and statements made.

In these Conditions, where the context so requires or admits, the singular shall include the plural and vice versa and the masculine gender
shall include the feminine and where the expression “the seller” and/or “the buyer” comprises two or more persons, the conditions imposed
on the seller and/or the buyer shall be deemed to be imposed on such persons jointly and severally.

Notes: The estimated values and details given in these Particulars are merely for the convenience of proposing Buyers and
although believed to be correct their accuracy is not guaranteed and they are expressly excluded from any contract.
The Auctioneer acts on an execution-only basis.
This investment may not be suitable for everyone and if you have any doubt whether it is suitable for you, you should obtain
expert advice.
The Deed of Assignment drawn up to transfer ownership of the policy will not necessarily convey membership rights to the buyer
and this may affect future entitlements to “windfall” payments from the life office. In the event of the seller or his solicitor electing to sell and
exchange contracts by Private Treaty, these conditions shall apply as if the policy had been sold at auction and the Auctioneers claim to be paid commission as though they had been allowed to pursue the negotiation which they are at all times willing to do without making any extra charge in consideration of the same.

FOR ADDITIONAL CONDITIONS SEE AFTER LAST LOT


NOTE
The rates of bonus and surrender values shown in this catalogue and as reproduced on the Foster & Cranfield website are in every case based on the latest information available to Foster & Cranfield when the catalogue went to press, but their accuracy on the Auction date cannot be guaranteed. Investors are reminded that future rates of bonus are not guaranteed. Past performance is not necessarily a guide to future performance. The surrender value stated is based on the last quotation received from the Life Office plus any premium due since the quotation date to and including 28 days from Auction Date.The Guaranteed Minimum Value equals the Sum Assured plus the Bonuses to Date.

Lot 1
An Endowment Assurance for £8,425.00 (with profits)
Effected 18th September 1987 with the
SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY

Payable 18th September 2012 or earlier death of a Gentleman now aged 53 or a Lady now aged 47. Bonus additions £5,796.06 to 31st December 2006. (1.10 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2007.) Premium £33.00 payable on 18th of each month. Surrender Value £16,797.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 57 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £18,000.00 - £18,500.00.

Lot 2
An Endowment Assurance for £15,136.00 (with profits)
Effected 1st August 1991 with the
NORWICH UNION LIFE INSURANCE SOCIETY

Payable 1st August 2016 or earlier death of a Lady. Bonus additions £5,252.19 to 31st December 2006. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £50.98 payable on 1st of each month. Surrender Value £16,342.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 70 per cent of the Sum Assured. The surrender value quotation is dated 9 January 2008. The Guaranteed Minimum Value is £20,388.19 provided that all future premiums are paid. Estimated Sale Price Range £20,000.00 - £20,500.00.

Lot 3
An Endowment Assurance for £7,128.00 (with profits)
Effected 20th October 1987 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 20th October 2012 or earlier death of a Gentleman now aged 45 or a Lady now aged 44. Bonus additions £5,741.00 to 31st December 2007. (0.50 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2007. The interim bonus rate for 2008 is 0.50 per cent and 2.00 per cent respectively.) Premium £27.47 payable on 20th of each month. Surrender Value £11,329.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 26 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £13,000.00 - £13,500.00.

Lot 4
An Endowment Assurance for £2,000.00 (with profits)
Effected 15th April 1972 with the
CO-OPERATIVE INSURANCE SOCIETY

Payable 15th April 2017 or earlier death of a Gentleman now aged 55. Bonus additions £3,286.00 to 31st December 2006. (0.40 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 31st December 2006.) Premium £3.87 payable on 15th of each month. Surrender Value £14,490.00 approximately. On the maturity at the present time of endowment assurances in force for 45 years this Company is currently paying a Terminal Bonus equal to 1421 per cent of the Sum Assured. Estimated Sale Price Range £18,350.00 - £18,850.00.

Lot 5
An Early Maturity Policy of Assurance for £13,000.00 (with profits)
Effected 15th March 1991 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 15th March 2016 or earlier death of a Lady now aged 58. Bonus additions £6,301.02 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £55.40 payable on 15th of each month. Surrender Value £15,043.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. We have obtained a quote to remove the death benefit. The revised monthly premium would be £50.14. The Guaranteed Minimum Value is £19,301.02 provided that all future premiums are paid. Estimated Sale Price Range £16,000.00 - £16,500.00.

Lot 6
An Endowment Assurance for £6,930.00 (with profits)
Effected 10th April 1991 with the
NORWICH UNION LIFE INSURANCE SOCIETY

Payable 10th April 2027 or earlier death of a Gentleman now aged 46. Bonus additions £2,405.00 to 31st December 2006. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £20.00 payable on 10th of each month. Surrender Value £4,977.00 approximately. On the maturity at the present time of endowment assurances in force for 36 years this Company is currently paying a Terminal Bonus equal to 520 per cent of the Sum Assured. The Guaranteed Minimum Value is £9,335.00 provided that all future premiums are paid. Estimated Sale Price Range £6,600.00 - £6,850.00.

Lot 7
An Endowment Assurance for £9,750.00 (with profits)
Effected 28th April 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 28th April 2013 or earlier death of a Gentleman now aged 46 or a Lady now aged 45. Bonus additions £7,050.29 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £38.80 payable on 28th of each month. Surrender Value £15,536.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £16,800.29 provided that all future premiums are paid. Estimated Sale Price Range £16,500.00 - £17,000.00.

Lot 8
An Endowment Assurance for £14,204.00 (with profits)
Effected 28th November 1997 with the
GENERAL ACCIDENT LIFE ASSURANCE
(NOW PART OF NORWICH UNION)

Payable 28th November 2022 or earlier death of a Gentleman now aged 39. Bonus additions £2,124.00 to 31st December 2005. (0.50 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2007.) Premium £67.60 payable on 28th of each month. Surrender Value £7,012.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 36 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £16,328.00 provided that all future premiums are paid. Estimated Sale Price Range £8,000.00 - £8,150.00.

Lot 9
An Endowment Assurance for £9,295.00 (with profits)
Effected 2nd September 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 2nd September 2013 or earlier death of a Gentleman now aged 50 (Admitted) or a Lady now aged 49 (Admitted). Bonus additions £6,440.06 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £37.89 payable on 2nd of each month. Surrender Value £14,167.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £15,735.06 provided that all future premiums are paid. Estimated Sale Price Range £15,000.00 - £15,500.00.

Lot 10
An Endowment Assurance for £7,800.00 (with profits)
Effected 1st April 1987 with the
PRUDENTIAL ASSURANCE COMPANY

Payable 1st April 2012 or earlier death of a Gentleman now aged 54. Bonus additions £6,031.00 to 31st December 2006. (1.20 per cent on the sum assured and 2.50 per cent on attaching bonuses was declared for the year ending 31st December 2007.) Quarterly premium £94.01 payable on 1st of January, April, July and October each year. Surrender Value £16,438.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 111 per cent of the Sum Assured.Premiums were originally payable on an annual basis but were altered to quarterly on 1 April 1989.Estimated Sale Price Range £18,000.00 - £18,500.00.

Lot 11
An Endowment Assurance for £14,238.00 (with profits)
Effected 7th October 1996 with the
SUN LIFE ASSURANCE COMPANY OF CANADA

Payable 7th October 2021 or earlier death of a Gentleman now aged 34. Bonus additions £2,386.00 to 31st December 2006. (0.50 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 31st December 2006.) Premium £54.93 payable on 7th of each month. Surrender Value £7,751.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 35 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £16,624.00 provided that all future premiums are paid. Estimated Sale Price Range £9,000.00 - £9,500.00.

Lot 12
An Endowment Assurance for £12,350.00 (with profits)
Effected 26th July 1987 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 26th July 2012 or earlier death of a Lady now aged 51 (Admitted). Bonus additions £9,793.48 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £47.41 payable on 26th of each month. Surrender Value £21,438.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. The policy was altered from joint to single life on 26 October 1990, prior to which date the premium was £50.02.Estimated Sale Price Range £22,650.00 - £23,350.00.

Lot 13
An Endowment Assurance for £10,189.00 (with profits)
Effected 20th September 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 20th September 2013 or earlier death of a Gentleman now aged 48 or a Lady now aged 46. Bonus additions £6,922.00 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £38.09 payable on 20th of each month. Surrender Value £15,402.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £17,111.00 provided that all future premiums are paid. Estimated Sale Price Range £16,350.00 - £16,500.00.

Lot 14
An Endowment Assurance for £4,804.00 (with profits)
Effected 1st March 1993 with the
BRITANNIC ASSURANCE COMPANY

Payable 1st March 2018 or earlier death of a Gentleman now aged 45 or a Lady now aged 49. Bonus additions £2,145.00 to 31st December 2006. ) Premium £20.00 payable on 1st of each month. Surrender Value £4,320.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 103.5 per cent of the Sum Assured. The Guaranteed Minimum Value is £6,949.00 provided that all future premiums are paid. Estimated Sale Price Range £5,300.00 - £5,500.00.

Lot 15
An Endowment Assurance for £8,613.00 (with profits)
Effected 28th October 1989 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 28th October 2014 or earlier death of a Gentleman now aged 43 or a Lady now aged 42. Bonus additions £5,096.04 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £34.39 payable on 28th of each month. Surrender Value £11,436.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £13,709.04 provided that all future premiums are paid. Estimated Sale Price Range £12,000.00 - £12,500.00.

Lot 16
An Endowment Assurance for £20,570.00 (with profits)
Effected 22nd August 1997 with the
GENERAL ACCIDENT LIFE ASSURANCE
(NOW PART OF NORWICH UNION)

Payable 22nd August 2022 or earlier death of a Gentleman now aged 42 or a Lady now aged 43. Bonus additions £3,459.00 to 31st December 2006. (0.50 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2007.) Premium £104.71 payable on 22nd of each month. Surrender Value £10,423.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 36 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £24,029.00 provided that all future premiums are paid. Estimated Sale Price Range £12,250.00 - £12,650.00.

Lot 17
An Endowment Assurance for £7,425.00 (with profits)
Effected 7th July 1990 with the
NORWICH UNION LIFE INSURANCE SOCIETY

Payable 7th July 2027 or earlier death of a Lady now aged 45. Bonus additions £3,171.00 to 31st December 2006. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £20.00 payable on 7th of each month. Surrender Value £5,606.00 approximately. On the maturity at the present time of endowment assurances in force for 37 years this Company is currently paying a Terminal Bonus equal to 515.5 per cent of the Sum Assured. The Guaranteed Minimum Value is £10,596.00 provided that all future premiums are paid. Estimated Sale Price Range £7,250.00 - £7,650.00.

Lot 18
An Endowment Assurance for £9,100.00 (with profits)
Effected 16th May 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 16th May 2013 or earlier death of a Lady now aged 47 (Admitted). Bonus additions £6,511.44 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £34.60 payable on 16th of each month. Surrender Value £14,341.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £16,000.00 - £16,500.00.

Lot 19
An Endowment Assurance for £15,734.00 (with profits)
Effected 14th December 1989 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 14th December 2014 or earlier death of a Lady. Bonus additions £9,112.27 to 31st December 2006. (0.50 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2007. The interim bonus rate for 2008 is 0.50 per cent and 2.00 per cent respectively.) Premium £65.02 payable on 14th of each month. Surrender Value £19,875.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 26 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £24,846.27 provided that all future premiums are paid. Estimated Sale Price Range £23,500.00 - £24,000.00.

Lot 20
An Endowment Assurance for £17,200.00 (with profits)
Effected 28th August 1988 with the
NORWICH UNION LIFE INSURANCE SOCIETY

Payable 28th August 2013 or earlier death of a Lady. Bonus additions £10,307.23 to 31st December 2006. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £71.40 payable on 28th of each month. Surrender Value £25,937.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 70 per cent of the Sum Assured. Estimated Sale Price Range £29,750.00 - £30,500.00.

Lot 21
An Endowment Assurance for £8,613.00 (with profits)
Effected 28th December 1987 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 28th December 2012 or earlier death of a Gentleman now aged 44 or a Lady now aged 45. Bonus additions £6,488.70 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £34.39 payable on 28th of each month. Surrender Value £14,269.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £16,000.00 - £16,500.00.

Lot 22
An Endowment Assurance for £13,902.00 (with profits)
Effected 21st April 1992 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 21st April 2017 or earlier death of a Gentleman now aged 44. Bonus additions £5,461.19 to 31st December 2007. (0.50 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2007. The interim bonus rate for 2008 is 0.50 per cent and 2.00 per cent respectively.) Premium £52.40 payable on 21st of each month. Surrender Value £13,193.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 26 per cent of the Sum Assured and attaching Reversionary Bonuses. The surrender value quotation is dated 29 January 2008. The Guaranteed Minimum Value is £19,363.19 provided that all future premiums are paid. Estimated Sale Price Range £16,500.00 - £17,000.00.

Lot 23
An Endowment Assurance for £25,949.00 (with profits)
Effected 8th February 1988 with the
SCOTTISH WIDOWS' FUND AND LIFE ASSURANCE SOCIETY

Payable 8th February 2013 or earlier death of a Gentleman now aged . Bonus additions £15,351.35 to 31st December 2006. (1.50 per cent on the sum assured and 3.00 per cent on attaching bonuses was declared for the year ending 31st December 2007.) Premium £116.27 payable on 8th of each month. Surrender Value £42,341.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 40 per cent of the Sum Assured and attaching Reversionary Bonuses. The surrender value quotation is dated 7 January 2008.Estimated Sale Price Range £49,500.00 - £50,500.00.

Lot 24
An Endowment Assurance for £9,750.00 (with profits)
Effected 28th November 1986 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 28th November 2011 or earlier death of a Gentleman now aged 50 or a Lady now aged 47. Bonus additions £8,357.14 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £39.40 payable on 28th of each month. Surrender Value £18,074.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £19,500.00 - £20,500.00.

Lot 25
An Endowment Assurance for £14,884.00 (with profits)
Effected 1st January 1991 with the
ROYAL LIFE INSURANCE

Payable 1st January 2016 or earlier death of a Gentleman. Bonus additions £5,242.34 to 31st December 2006. (0.25 per cent on the sum assured and 0.25 per cent on attaching bonuses was declared for the year ending 31st December 2006.) Premium £65.44 payable on 1st of each month. Surrender Value £15,176.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 35 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £20,126.34 provided that all future premiums are paid. Estimated Sale Price Range £16,500.00 - £17,000.00.

Lot 26
An Endowment Assurance for £20,640.00 (with profits)
Effected 1st January 1990 with the
NORWICH UNION LIFE INSURANCE SOCIETY

Payable 1st January 2015 or earlier death of a Gentleman. Bonus additions £8,857.48 to 31st December 2007. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £85.20 payable on 1st of each month. Surrender Value £25,787.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 70 per cent of the Sum Assured. The surrender value quotation is dated 1 February 2008. The Guaranteed Minimum Value is £29,497.48 provided that all future premiums are paid. Estimated Sale Price Range £29,000.00 - £29,500.00.

Lot 27
An Endowment Assurance for £26,000.00 (with profits)
Effected 14th April 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 14th April 2013 or earlier death of a Gentleman now aged 57. Bonus additions £18,997.26 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £107.40 payable on 14th of each month. Surrender Value £41,889.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. We have obtained a quote to remove the death benefit. The revised monthly premium would be £97.20. The Guaranteed Minimum Value is £44,997.26 provided that all future premiums are paid. Estimated Sale Price Range £43,500.00 - £44,500.00.

Lot 28
An Endowment Assurance for £6,536.00 (with profits)
Effected 3rd February 1986 with the
NORWICH UNION LIFE INSURANCE SOCIETY

Payable 3rd February 2011 or earlier death of a Gentleman now aged 68 (Admitted) or a Lady now aged 64. Bonus additions £5,183.95 to 31st December 2007. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £36.72 payable on 3rd of each month. Surrender Value £12,196.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 70 per cent of the Sum Assured. The surrender value quotation is dated 8 January 2008.Estimated Sale Price Range £13,500.00 - £13,850.00.

Lot 29
An Endowment Assurance for £1,000.00 (with profits)
Effected 1st August 1975 with the
CO-OPERATIVE INSURANCE SOCIETY

Payable 1st August 2017 or earlier death of a Gentleman now aged 55. Bonus additions £1,423.86 to 31st December 2006. (0.40 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 31st December 2006.) Premium £2.14 payable on 1st of each month. Surrender Value £5,116.00 approximately. On the maturity at the present time of endowment assurances in force for 42 years this Company is currently paying a Terminal Bonus equal to 1141 per cent of the Sum Assured. Estimated Sale Price Range £7,000.00 - £7,500.00.

Lot 30
An Endowment Assurance for £6,430.00 (with profits)
Effected 2nd December 1988 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 2nd December 2013 or earlier death of a Gentleman. Bonus additions £4,534.49 to 31st December 2007. (0.50 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2007. The interim bonus rate for 2008 is 0.50 per cent and 2.00 per cent respectively.) Premium £24.84 payable on 2nd of each month. Surrender Value £8,993.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 26 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £10,964.49 provided that all future premiums are paid. Estimated Sale Price Range £10,750.00 - £11,500.00.

Lot 31
An Endowment Assurance for £10,320.00 (with profits)
Effected 13th February 1986 with the
NORWICH UNION LIFE INSURANCE SOCIETY

Payable 13th February 2011 or earlier death of a Gentleman now aged 56 or a Lady now aged 56. Bonus additions £8,184.95 to 31st December 2007. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £42.40 payable on 13th of each month. Surrender Value £19,375.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 70 per cent of the Sum Assured. Estimated Sale Price Range £21,850.00 - £22,350.00.

Lot 32
An Endowment Assurance for £8,723.00 (with profits)
Effected 1st February 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 1st February 2013 or earlier death of a Gentleman now aged 58 (Admitted) or a Lady now aged 55 (Admitted). Bonus additions £6,506.00 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £39.65 payable on 1st of each month. Surrender Value £14,318.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses.Estimated Sale Price Range £15,500.00 - £16,000.00.

Lot 33
An Endowment Assurance for £12,735.00 (with profits)
Effected 11th February 1994 with the
FRIENDS' PROVIDENT LIFE OFFICE

Payable 11th February 2019 or earlier death of a Gentleman now aged 34. Bonus additions £3,018.00 to 31st December 2007. (0.25 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £40.27 payable on 11th of each month. Surrender Value £7,776.00 approximately. This is a low cost endowment. This series has only been in force since 1992 and on the maturity at the present time of assurances in force for 16 years this company is currently paying a terminal bonus equal to 18 per cent of the attaching reversionary bonuses. The Guaranteed Minimum Value is £15,753.00 provided that all future premiums are paid. Estimated Sale Price Range £10,000.00 - £10,250.00.

Lot 34
An Endowment Assurance for £7,475.00 (with profits)
Effected 28th June 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 28th June 2013 or earlier death of a Gentleman now aged 48. Bonus additions £5,247.00 to 15th November 2006. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £29.11 payable on 28th of each month. Surrender Value £11,691.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £12,722.00 provided that all future premiums are paid. Estimated Sale Price Range £12,500.00 - £12,750.00.

Lot 35
An Endowment Assurance for £6,600.00 (with profits)
Effected 28th November 1985 with the
SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY

Payable 28th November 2010 or earlier death of a Gentleman now aged 53 or a Lady now aged 53. Bonus additions £5,850.95 to 31st December 2007. (1.10 per cent on the sum assured and 2.00 per cent on attaching bonuses was declared for the year ending 31st December 2006.) Premium £26.12 payable on 28th of each month. Surrender Value £16,377.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 57 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £18,000.00 - £18,500.00.

Lot 36
An Endowment Assurance for £1,500.00 (with profits)
Effected 14th November 1987 with the
LIVERPOOL VICTORIA FRIENDLY SOCIETY

Payable 13th November 2010 or earlier death of a Gentleman now aged 53 (Admitted) or a Lady now aged 53 (Admitted). Bonus additions £1,423.00 to 31st December 2007. (3.00 per cent on the sum assured was declared for the year ending 31st December 2007. The interim bonus rate for 2008 is 3.00 per cent.) Premium £6.86 payable on 13th of each month. Surrender Value £3,518.00 approximately. On the maturity at the present time of endowment assurances in force for 23 years this Company is currently paying a Terminal Bonus equal to 75.06 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £4,200.00 - £4,500.00.

Lot 37
An Endowment Assurance for £13,650.00 (with profits)
Effected 19th February 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 19th February 2013 or earlier death of a Lady now aged 46 (Admitted). Bonus additions £10,076.85 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £51.40 payable on 19th of each month. Surrender Value £22,315.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £24,000.00 - £24,500.00.

Lot 38
An Endowment Assurance for £93,300.00 (with profits)
Effected 8th June 1990 with the
SUN ALLIANCE ASSURANCE COMPANY

Payable 8th June 2016 or earlier death of a Gentleman now aged 56. Bonus additions £35,570.62 to 31st December 2006. (0.10 per cent on the sum assured and 0.10 per cent on attaching bonuses was declared for the year ending 31st December 2006.) Premium £435.60 payable on 8th of each month. Surrender Value £82,646.00 approximately. On the maturity at the present time of endowment assurances in force for 26 years this Company is currently paying a Terminal Bonus equal to 46 per cent of the Sum Assured. This was a low start contract with premiums commencing at £217.80. The Guaranteed Minimum Value is £128,870.62 provided that all future premiums are paid. Estimated Sale Price Range £89,500.00 - £91,500.00.

Lot 39
An Endowment Assurance for £9,003.00 (with profits)
Effected 7th June 1991 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 7th June 2016 or earlier death of a Gentleman now aged 47. Bonus additions £4,192.18 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £35.61 payable on 7th of each month. Surrender Value £9,855.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £13,195.18 provided that all future premiums are paid. Estimated Sale Price Range £10,800.00 - £11,250.00.

Lot 40
An Endowment Assurance for £3,751.26 (with profits)
Effected 1st February 1986 with the
LIVERPOOL VICTORIA FRIENDLY SOCIETY

Payable 31st January 2011 or earlier death of a Lady. Bonus additions £4,281.87 to 31st December 2007. (3.00 per cent on the sum assured was declared for the year ending 31st December 2007. The interim bonus rate for 2008 is 3.00 per cent.) No further premiums payable. Surrender Value £10,841.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 96.9 per cent of the Sum Assured and attaching Reversionary Bonuses. This policy has been made paid up - the original sum assured was £5,892.00 with a monthly premium of £23.48.Estimated Sale Price Range £13,500.00 - £14,000.00.

Lot 41
An Endowment Assurance for £8,125.00 (with profits)
Effected 24th October 1989 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 24th October 2014 or earlier death of a Lady now aged 52. Bonus additions £4,807.31 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £31.75 payable on 24th of each month. Surrender Value £10,788.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £12,932.31 provided that all future premiums are paid. Estimated Sale Price Range £12,000.00 - £12,500.00.

Lot 42
An Endowment Assurance for £14,625.00 (with profits)
Effected 13th October 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 13th October 2013 or earlier death of a Lady now aged 42. Bonus additions £10,022.30 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £55.00 payable on 13th of each month. Surrender Value £21,887.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £24,647.30 provided that all future premiums are paid. Estimated Sale Price Range £24,000.00 - £24,500.00.

Lot 43
An Endowment Assurance for £21,492.00 (with profits)
Effected 20th October 1992 with the
FRIENDS' PROVIDENT LIFE OFFICE

Payable 20th October 2017 or earlier death of a Gentleman now aged 43 or a Lady now aged 42. Bonus additions £6,871.78 to 31st December 2007. (0.25 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £70.66 payable on 20th of each month. Surrender Value £15,820.00 approximately. This is a low cost endowment. This series has only been in force since 1992 and on the maturity at the present time of assurances in force for 16 years this company is currently paying a terminal bonus equal to 18 per cent of the attaching reversionary bonuses. The Guaranteed Minimum Value is £28,363.78 provided that all future premiums are paid. Estimated Sale Price Range £19,500.00 - £20,500.00.

Lot 44
An Endowment Assurance for £4,550.00 (with profits)
Effected 18th March 1989 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 18th March 2014 or earlier death of a Gentleman now aged 43 or a Lady now aged 42. Bonus additions £2,919.43 to 15th November 2007. (0.25 per cent on the sum assured and 0.50 per cent on attaching bonuses was declared for the year ending 15th November 2007. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £18.64 payable on 18th of each month. Surrender Value £6,412.00 approximately. On the maturity at the present time of endowment assurances in force for 25 years this Company is currently paying a Terminal Bonus equal to 31.4 per cent of the Sum Assured and attaching Reversionary Bonuses. The Guaranteed Minimum Value is £7,469.43 provided that all future premiums are paid. Estimated Sale Price Range £6,900.00 - £7,150.00.

Lot 45
An Endowment Assurance for £1,000.00 (with profits)
Effected 1st February 1966 with the
PRUDENTIAL ASSURANCE COMPANY

Payable 1st February 2010 or earlier death of a Gentleman now aged 57. Bonus additions £4,270.65 to 31st December 2006. (1.20 per cent on the sum assured and 2.50 per cent on attaching bonuses was declared for the year ending 31st December 2007.) No further premiums payable. Surrender Value £13,164.00 approximately. On the maturity at the present time of endowment assurances in force for 44 years this Company is currently paying a Terminal Bonus equal to 1074 per cent of the Sum Assured. The monthly premium was originally £2.00. The premiums ceased in February 2006 at the company’s instigation when the policy reached its 40 year anniversary.Estimated Sale Price Range £15,000.00 - £15,500.00.

ADDITIONAL CONDITIONS OF SALE AS TO ALL LOTS

1. If the age of the assured as stated has been admitted by the life office, no further evidence thereof shall be required.

2 If any objections, requisitions or claims shall be made and insisted on by the buyer which the seller shall be unable to remove or comply with, the seller shall be at liberty (notwithstanding any intermediate negotiations or litigation) by notice in writing to rescind the sale in which case the buyer shall receive back the deposit without interest, costs or compensation and shall return the abstract of the title and any other papers in his possession belonging to the seller.

3. If the life assured should die before the date fixed for completion as stipulated in General Condition II, the contract shall be rescinded and the buyer shall have his deposit returned and his proper expenses paid by the seller but the buyer shall not be entitled to any other compensation.

4. If, prior to the date set for completion as stipulated in General Condition II, the surrender value of the policy should increase to the extent that it exceeds the agreed sale price, the sale will be cancelled and the 10% deposit returned to the buyer.

5. The buyer is liable for any administration charge levied by life offices.

6. These Additional Conditions shall prevail notwithstanding anything inconsistent therewith or contrary thereto in the General Conditions which, except in so far as they are varied by these Conditions, shall apply to the lots.

______________________

The next auction will be held on

Thursday 3rd April 2008

at 25 Britton Street London EC1

FOSTER & CRANFIELD (Est 1843)

25 Britton Street London EC1M 5TY
Tel: 020 7608 1941 Fax: 020 7608 1943
www.foster-and-cranfield.co.uk

Foster & Cranfield Limited Registered in England No: 3448335
Regulated by the Financial Services Authority for the sale of life assurance policies

Foster & Cranfield hold periodical sales of:

Absolute or Contingent Reversionary Interests, Annuities, Policies of Assurance, Life
Interests, Bonds, Rent Charges, Freehold and Leasehold Ground Rents, Agricultural
And Residential Estates and all descriptions of present or prospective property.

Other Services:

Valuations for all purposes of Reversions, Policies of Assurance, Annuities and all other
Interests under Trusts. Also Partnership Interests, Royalties, Mortgages and Interests
In Unadministered Estates. Financial assistance to elderly houseowners.

¬¬___________________________________________________________________________________

MEMORANDUM

Periodical Sale No: 2512 27 March 2008

I

of
do hereby acknowledge myself to be the Buyer of Lot described in the within Particulars, subject to any
amendment as announced at the auction held this day, at the sum of £ and have paid £
as a deposit and in part payment of the said purchase. And I hereby contract with the Seller to complete the purchase of the said
Lot in every respect agreeably to the within Particulars and Conditions of Sale.

WITNESS my hand this 27th day of March 2008

Amount of Sale: £
Deposit: £__________________

Balance: £__________________
_____________________________
Buyer

We ratify this sale on behalf of who is/are the seller(s) and as

Auctioneers and Stakeholders, acknowledge receipt of the deposit above-mentioned.

Buyer’s Solicitors: