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Auction 2513 3rd April 2008

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 within four weeks of the Auction,
the Auctioneers claim to be paid commission as though they had been allowed to pursue the negotiation and exchange contracts
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 Guaranteed Minimum Value equals the Sum Assured plus the Bonuses to Date.

Lot 1
An Endowment Assurance for £29,344.00 (with profits)
Effected 28th April 1991 with the
NORWICH UNION LIFE INSURANCE SOCIETY

Payable 28th April 2021 or earlier death of a Gentleman. Bonus additions £10,180.90 to 31st December 2007. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £100.00 payable on 28th of each month. Surrender Value £27,043 approximately. On the maturity at the present time of endowment assurances in force for 30 years this Company is currently paying a Terminal Bonus equal to 145 per cent of the Sum Assured. The Guaranteed Minimum Value is £39,524.90 provided that all future premiums are paid. Estimated Sale Price Range £32,500.00 - £33,500.00.

Lot 2
An Endowment Assurance for £8,425.00 (with profits)
Effected 18th January 1989 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 18th January 2014 or earlier death of a Gentleman. Bonus additions £5,703.30 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 £32.60 payable on 18th of each month. Surrender Value £11,261 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 £14,128.30 provided that all future premiums are paid. Estimated Sale Price Range £13,000.00 - £13,500.00.

Lot 3
An Endowment Assurance for £17,250.00 (with profits)
Effected 20th July 1990 with the
SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY

Payable 20th July 2015 or earlier death of a Gentleman. Bonus additions £8,309.29 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 2007.) Premium £68.00 payable on 20th of each month. Surrender Value £23,232 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 £25,750.00 - £26,250.00.

Lot 4
An Endowment Assurance for £5,000.00 (with profits)
Effected 1st February 1983 with the
PRUDENTIAL ASSURANCE COMPANY

Payable 1st February 2020 or earlier death of a Gentleman now aged 42. Bonus additions £6,295.06 to 31st December 2006. (1.20 per cent on the sum assured and 2.50 per cent on attaching bonuses has been declared for the year ending 31st December 2007.) Premium £11.95 payable on 1st of each month. Surrender Value £8,876 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 688.7 per cent of the Sum Assured. Premiums commenced at £13.75 per month but reduced to £11.95 on 1 January 2008 when the additional death benefit ceased. Estimated Sale Price Range £15,000.00 - £16,000.00.

Lot 5
An Endowment Assurance for £25,972.00 (with profits)
Effected 7th August 1986 with the
NORWICH UNION LIFE INSURANCE SOCIETY

Payable 7th August 2011 or earlier death of a Gentleman now aged 56 (Admitted) or a Lady now aged 52 (Admitted). Bonus additions £20,598.10 to 31st December 2007. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £103.68 payable on 7th of each month. Surrender Value £46,902 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 £50,000.00 - £50,500.00.

Lot 6
An Endowment Assurance for £12,350.00 (with profits)
Effected 4th June 1991 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 4th June 2016 or earlier death of a Gentleman now aged 63 or a Lady now aged 63. Bonus additions £5,750.69 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 £78.52 payable on 4th of each month. Surrender Value £13,618 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 £55.46. The Guaranteed Minimum Value is £18,100.69 provided that all future premiums are paid. Estimated Sale Price Range £14,000.00 - £14,500.00.

Lot 7
An Endowment Assurance for £14,375.00 (with profits)
Effected 1st May 1996 with the
PRUDENTIAL ASSURANCE COMPANY

Payable 1st May 2018 or earlier death of a Gentleman now aged 38 (Admitted) or a Lady now aged 38 (Admitted). Bonus additions £3,060.83 to 31st December 2007. (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.) Premium £63.25 payable on 1st of each month. Surrender Value £11,730 approximately. On the maturity at the present time of endowment assurances in force for 22 years this Company is currently paying a Terminal Bonus equal to 96.2 per cent of the Sum Assured. The Guaranteed Minimum Value is £17,435.83 provided that all future premiums are paid. Estimated Sale Price Range £13,500.00 - £14,000.00.

Lot 8
An Endowment Assurance for £10,961.00 (with profits)
Effected 24th January 1989 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 24th January 2014 or earlier death of a Gentleman now aged 68 or a Lady now aged 59. Bonus additions £7,189.18 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 £69.80 payable on 24th of each month. Surrender Value £15,909 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 £49.34. The Guaranteed Minimum Value is £18,150.18 provided that all future premiums are paid. Estimated Sale Price Range £16,500.00 - £17,000.00.

Lot 9
An Endowment Assurance for £8,019.00 (with profits)
Effected 4th November 1988 with the
ROYAL LIFE INSURANCE

Payable 4th November 2010 or earlier death of a Lady now aged 45 (Admitted). Bonus additions £5,189.68 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 £36.86 payable on 4th of each month. Surrender Value £14,519 approximately. On the maturity at the present time of endowment assurances in force for 22 years this Company is currently paying a Terminal Bonus equal to 27 per cent of the Sum Assured and attaching Reversionary Bonuses. The original policy document has been mislaid. The insurance company have confirmed that, upon receipt of an indemnity completed by the life assured, they will not require any further documentation at the time of a claim. Estimated Sale Price Range £15,000.00 - £15,750.00.

Lot 10
An Endowment Assurance for £12,188.00 (with profits)
Effected 24th November 1987 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 24th November 2012 or earlier death of a Gentleman now aged 48 or a Lady now aged 52. Bonus additions £9,274.12 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 £49.00 payable on 24th of each month. Surrender Value £20,378 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 £21,500.00 - £22,000.00.

Lot 11
An Endowment Assurance for £9,152.00 (with profits)
Effected 24th August 1985 with the
SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY

Payable 24th August 2010 or earlier death of a Gentleman now aged 56 or a Lady now aged 55. Bonus additions £8,356.40 to 31st December 2006. (1.10 per cent on the sum assured and 2.00 per cent on attaching bonuses has been declared for the year ending 31st December 2007.) Premium £37.40 payable on 24th of each month. Surrender Value £23,477 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 £25,000.00 - £25,500.00.

Lot 12
An Early Maturity Policy of Assurance for £17,104.00 (with profits)
Effected 1st November 1990 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 1st November 2015 or earlier death of a Gentleman now aged 45 or a Lady now aged 45. Bonus additions £8,731.21 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 £69.42 payable on 1st of each month. Early Maturity Value £20,597 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. [bs[] We have obtained a quote to remove the death benefit. The revised monthly premium would be £64.80. The Guaranteed Minimum Value is £25,835.21 provided that all future premiums are paid. Estimated Sale Price Range £21,250.00 - £21,750.00.

Lot 13
An Endowment Assurance for £7,077.00 (with profits)
Effected 1st October 1986 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 1st October 2011 or earlier death of a Lady now aged 45. Bonus additions £6,804.00 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 £20.00 payable on 1st of each month. Surrender Value £12,850 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 £15,000.00 - £15,500.00.

Lot 14
An Endowment Assurance for £8,125.00 (with profits)
Effected 23rd February 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 23rd February 2013 or earlier death of a Gentleman now aged 58 or a Lady now aged 49. Bonus additions £5,998.18 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 £36.25 payable on 23rd of each month. Surrender Value £13,283 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 £31.79. The Guaranteed Minimum Value is £14,123.18 provided that all future premiums are paid. Estimated Sale Price Range £14,000.00 - £14,350.00.

Lot 15
An Endowment Assurance for £15,393.00 (with profits)
Effected 22nd July 1988 with the
SCOTTISH WIDOWS' FUND AND LIFE ASSURANCE SOCIETY

Payable 22nd July 2013 or earlier death of a Lady. Bonus additions £9,073.91 to 31st December 2007. (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 £56.56 payable on 22nd of each month. Surrender Value £23,963. 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. Estimated Sale Price Range £25,250.00 - £25,750.00.

Lot 16
An Endowment Assurance for £9,263.00 (with profits)
Effected 23rd April 1990 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 23rd April 2015 or earlier death of a Lady now aged 36. Bonus additions £5,102.72 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 £35.20 payable on 23rd of each month. Surrender Value £11,738 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 £14,365.72 provided that all future premiums are paid. Estimated Sale Price Range £12,500.00 - £13,000.00.

Lot 17
An Endowment Assurance for £9,486.00 (with profits)
Effected 24th October 1986 with the
ROYAL LIFE INSURANCE

Payable 24th October 2011 or earlier death of a Gentleman now aged 46 or a Lady now aged 45. Bonus additions £8,238.96 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 £40.88 payable on 24th of each month. Surrender Value £19,502 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. Estimated Sale Price Range £20,000.00 - £20,500.00.

Lot 18
An Endowment Assurance for £5,850.00 (with profits)
Effected 8th February 1989 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 8th February 2014 or earlier death of a Gentleman now aged 57 (Admitted). Bonus additions £3,836.97 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 £24.94 payable on 8th of each month. Surrender Value £8,430 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 £9,686.97 provided that all future premiums are paid. Estimated Sale Price Range £9,000.00 - £9,350.00.

Lot 19
An Endowment Assurance for £7,684.00 (with profits)
Effected 23rd October 1987 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 23rd October 2012 or earlier death of a Gentleman now aged 48 or a Lady now aged 45. Bonus additions £6,289.20 to 31st December 2006. (0.50 per cent on the sum assured and 2.00 per cent on attaching bonuses has been 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 £29.79 payable on 23rd of each month. Surrender Value £12,287 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 £14,000.00 - £14,500.00.

Lot 20
An Endowment Assurance for £14,520.00 (with profits)
Effected 31st August 1995 with the
FRIENDS' PROVIDENT LIFE OFFICE

Payable 31st August 2020 or earlier death of a Gentleman now aged 48 or a Lady now aged 45. Bonus additions £2,879.43 to 31st December 2007. (0.25 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £50.80 payable on 31st of each month. Surrender Value £7,310 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 £17,399.43 provided that all future premiums are paid. Estimated Sale Price Range £7,750.00 - £8,150.00.

Lot 21

Equity Release

Payable on the death of a Gentleman now aged 78 (born 18 September 1929) and a Lady now aged 74 (born 6 July 1933).

50% of the equity in a 120-year-old property situated at 47 Fountayne Street, York, YO31 8HN.

The freehold terraced property comprises two double bedrooms and a bathroom on the first floor, with a kitchen, lounge, dining room and cloakroom on the ground floor. The property is close to local amenities being 15 minutes’ from the town centre and there are gardens to front and rear.

The property is valued by a local estate agent as being worth around £210,000 - £215,000 with vacant possession.

There is an existing mortgage of £40,000 on the property which the vendor proposes to repay (except for a nominal amount).

See additional conditions 1-10 on the inside back cover of this catalogue.

Solicitors for the vendor: Ms Susan P Gardiner, Messrs Hague & Dixon, Cumberland House Cumberland Street, York YO1 9SR (Tel: 01904 627 911).

Estimated Sale Price Range £57,500.00 - £67,500.00.

Lot 22
An Endowment Assurance for £6,555.00 (with profits)
Effected 15th April 1990 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 15th April 2015 or earlier death of a Gentleman now aged 44 or a Lady now aged 39. Bonus additions £3,655.10 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 £26.41 payable on 15th of each month. Surrender Value £8,340 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 £10,210.10 provided that all future premiums are paid. Estimated Sale Price Range £9,000.00 - £9,350.00.

Lot 23
An Endowment Assurance for £7,246.00 (with profits)
Effected 9th August 1989 with the
SCOTTISH WIDOWS' FUND AND LIFE ASSURANCE SOCIETY

Payable 9th August 2014 or earlier death of a Lady now aged 48. Bonus additions £3,635.63 to 31st December 2007. (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 £28.93 payable on 9th of each month. Surrender Value £9,547 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. Estimated Sale Price Range £11,000.00 - £11,500.00.

Lot 24
An Endowment Assurance for £17,063.00 (with profits)
Effected 9th September 1987 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 9th September 2012 or earlier death of a Gentleman now aged 48 or a Lady now aged 50. Bonus additions £13,394.03 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 £68.20 payable on 9th of each month. Surrender Value £29,345 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 £31,000.00 - £31,500.00.

Lot 25
An Endowment Assurance for £7,224.00 (with profits)
Effected 28th May 1991 with the
NORWICH UNION LIFE INSURANCE SOCIETY

Payable 28th May 2016 or earlier death of a Gentleman now aged 63 or a Lady now aged 62. Bonus additions £2,519.25 to 31st December 2007. (0.50 per cent on the attaching bonuses was declared for the year ending 31st December 2007.) Premium £42.57 payable on 28th of each month. Surrender Value £7,862 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 Guaranteed Minimum Value is £9,743.25 provided that all future premiums are paid. Estimated Sale Price Range £8,650.00 - £9,150.00.

Lot 26
An Endowment Assurance for £8,402.00 (with profits)
Effected 11th April 1990 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 11th April 2015 or earlier death of a Lady now aged 55. Bonus additions £4,684.99 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 £33.57 payable on 11th of each month. Surrender Value £10,690 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 £13,086.99 provided that all future premiums are paid. Estimated Sale Price Range £11,750.00 - £12,150.00.

Lot 27
An Endowment Assurance for £7,261.00 (with profits)
Effected 20th February 1992 with the
SCOTTISH WIDOWS' FUND AND LIFE ASSURANCE SOCIETY

Payable 20th February 2010 or earlier death of a Gentleman now aged 62 or a Lady now aged 58. Bonus additions £2,400.65 to 31st December 2007. (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 £45.25 payable on 20th of each month. Surrender Value £10,600 approximately. On the maturity at the present time of endowment assurances in force for 18 years this Company is currently paying a Terminal Bonus equal to 31 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £11,500.00 - £11,850.00.

Lot 28
An Endowment Assurance for £8,125.00 (with profits)
Effected 5th November 1986 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 5th November 2011 or earlier death of a Gentleman now aged 65 (Admitted) or a Lady now aged 61 (Admitted). Bonus additions £7,033.31 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 £44.00 payable on 5th of each month. Surrender Value £15,173 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 29
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 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 30
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 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 31
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 48. 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 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 32
An Endowment Assurance for £5,283.00 (with profits)
Effected 7th March 1988 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 7th March 2013 or earlier death of a Gentleman now aged 46 (Admitted). Bonus additions £4,069.50 to 31st December 2006. (0.50 per cent on the sum assured and 2.00 per cent on attaching bonuses has been 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 £19.73 payable on 7th of each month. Surrender Value £7,991 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 £9,352.50 provided that all future premiums are paid. Estimated Sale Price Range £9,000.00 - £9,500.00.

Lot 33
An Endowment Assurance for £13,000.00 (with profits)
Effected 1st January 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 1st January 2013 or earlier death of a Gentleman now aged 47. Bonus additions £9,793.66 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 £49.40 payable on 1st of each month. Surrender Value £21,537 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 £23,000.00 - £23,500.00.

Lot 34
An Endowment Assurance for £4,680.00 (with profits)
Effected 8th November 1974 with the
GUARDIAN ASSURANCE COMPANY

Payable 8th November 2010 or earlier death of a Gentleman now aged 56. Bonus additions £7,813.91 to 31st December 2006. (1.00 per cent on the sum assured has been declared for the year ending 31st December 2007. The interim bonus rate for 2008 is 1.00 per cent.) Premium £11.12 payable on 8th of each month. Surrender Value £34,903 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 456 per cent of the attaching Reversionary Bonuses. Estimated Sale Price Range £38,000.00 - £40,000.00.

Lot 35
An Endowment Assurance for £8,613.00 (with profits)
Effected 25th April 1988 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 25th April 2013 or earlier death of a Gentleman now aged 49 (Admitted). Bonus additions £6,228.17 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 £33.33 payable on 25th of each month. Surrender Value £13,820 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 £14,841.17 provided that all future premiums are paid. Estimated Sale Price Range £14,650.00 - £14,850.00.

Lot 36
An Endowment Assurance for £8,418.00 (with profits)
Effected 9th December 1987 with the
STANDARD LIFE ASSURANCE COMPANY

Payable 9th December 2012 or earlier death of a Gentleman now aged 48 (Admitted) or a Lady now aged 44 (Admitted). Bonus additions £6,352.66 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 2006. The interim bonus rate for 2008 is 0.25 per cent and 0.50 per cent respectively.) Premium £33.89 payable on 9th of each month. Surrender Value £14,074 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 £15,000.00 - £15,500.00.

Lot 37
An Endowment Assurance for £11,121.00 (with profits)
Effected 26th January 1988 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 26th January 2013 or earlier death of a Gentleman now aged 44 or a Lady now aged 43. Bonus additions £9,005.60 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 £42.51 payable on 26th of each month. Surrender Value £17,441 approximately (as at 31 January). 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 £20,126.60 provided that all future premiums are paid. Estimated Sale Price Range £19,600.00 - £19,950.00.

Lot 38
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 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 39
An Endowment Assurance for £1,876.00 (with profits)
Effected 8th May 1985 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 8th May 2019 or earlier death of a Gentleman now aged 53 (Admitted). Bonus additions £2,355.40 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 £7.34 payable on 8th of each month. Surrender Value £2,755 approximately (as at 20 February). On the maturity at the present time of endowment assurances in force for 34 years this Company is currently paying a Terminal Bonus equal to 112 per cent of the Sum Assured and attaching Reversionary Bonuses. On 13 May 1986 the basic sum assured was reduced from £3,459 to £1,876 with premiums reducing from £12.03 to £7.34 per month. We understand that the insurance company will apply the full 34-year terminal bonus rate to the sum of £1876. The Guaranteed Minimum Value is £4,231.40 provided that all future premiums are paid. Estimated Sale Price Range £4,000.00 - £4,350.00.

Lot 40
An Endowment Assurance for £5,759.00 (with profits)
Effected 12th August 1981 with the
CLERICAL MEDICAL & GENERAL LIFE ASSURANCE SOCIETY

Payable 12th August 2019 or earlier death of a Gentleman now aged 53 (Admitted). Bonus additions £9,844.10 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 £17.78 payable on 12th of each month. Surrender Value £11,720 approximately (as at 20 February). On the maturity at the present time of endowment assurances in force for 38 years this Company is currently paying a Terminal Bonus equal to 143 per cent of the Sum Assured and attaching Reversionary Bonuses. Estimated Sale Price Range £17,500.00 - £18,000.00.

ADDITIONAL CONDITIONS OF SALE FOR ALL LOTS EXCEPT LOT 21

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.

_____________________

CONDITIONS OF SALE AS TO LOT 21

1. Completion will take place at the office of the seller’s solicitors on or before 35 days from the date hereof.
2. The sale is subject to a reserve price.
3. The buyer shall accept copies of the birth and marriage certificates of the property owners as sufficient evidence of their ages.
4. A copy of the valuation of the property is available at the offices of the auctioneer.
5. A copy of the mortgage to Northern Rock is available at the offices of the auctioneer.
6. The interest is being offered for sale on the understanding that the seller will retain a nominal amount on the mortgage in order to avoid repayment penalties.
7. If the seller of the property shall die before completion of the sale the contract shall be rescinded and the buyer shall be entitled to have his deposit returned without interest but shall not be entitled to any other compensation and shall return all papers belonging to the seller which are in his possession.
8. If the buyer shall make and insist upon any requisition or objection which the seller is unable or unwilling to comply with, the seller shall be at liberty, on giving the buyer not less than 7 days notice in writing, to annul the sale in which case unless the requisition or objection shall in the meantime have been withdrawn, the sale shall be annulled at the expiration of the notice. In that event, the buyer shall be entitled to the return of his deposit without interest, but shall not be entitled to any other compensation and shall return all papers belonging to the seller which are in his possession.
9. The terms buyer and seller shall include any successors in title.
10. These Additional Conditions shall prevail notwithstanding anything inconsistent therewith or contrary thereto in the general conditions which except insofar as varied by these conditions shall apply to the above lots.

_____________________________________

The next auction will be held at
25 Britton Street London EC1M 5TY
on Thursday 10th April 2008
commencing at 1.00pm

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: 2513 3rd April 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 3rd day of April 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: