Towns > Paisley > 1838-1854 - Fowler's Paisley commercial directory > 1851-1852

1 $2 A dvertisements.
SCOTTISH EQUITABLE
Incorporated by Special Act of Parliament.
EDINBURGH,. ..2&, ST. ANDREW SQUARE,
LONDON, 61, MOORGATE STREET.
GLASGOW, 43, WEST NILE STREET.
Tlie Twentieth Annual General Meeting was held on 6th
May last, when a Report of the State of the Society, and of the Busi-
ness for the year ending 1st March, was read, exMbiting the follow-
ing satisfactory results : —
That the number of New Policies was' 626, being an increase of
144 over the preceding year;
That the Sums Assured during the year amounted to £313,274^
being an increase of £61,924 ;
That the Total Amount then assured was £3,566,101 ;
The Annual Revenue, £128,438 ;
And the Accumulates Eund, £628,472.
The Directors believing that a thorough investigation into the
whole affairs of the Society, by Professional Gentlemen of high re-
spectability and talent, and unconnected with the management, could
not fail to be satisfactory to the members, remitted, in Eebruary last,
to John Sinclair Cunningham, Esq., Secretary to the Commercial
Bank of Scotland, John Hunter. Esq., Auditor to the Court of Ses-
sion, and Ralph Erskine Scott, Esq., accountant, to make such an
investigation. The Report of these Gentlemen, read to the General
Meeting, contains a minute statement regarding the Society's affairs,
and states in the concluding remarks, that " being themselves hold-
"• ers of Policies in the Institution, they cannot conclude their in-
" vestigation without congratulating their brother members on the
" sound and prosperous condition of its affairs, and expressing a hope
"that the promulgation of the satisfactory results of their inquiries
"will not only secure the confidence of the existing Policj^ Holders,
" but tend still more to increase the business, and consequently to
" enlarge the profits for division among the present and future mem-
*< bers."
Copies of the foresaid Reports by the Directors and by the Com-
mittee of Investigation may be had at the Head Office, and from the
Agents.
The leading feature of the Scottish Equitable is, that the WHOLE
PROFITS are allocated every Three Years amongst Policy holders
of more than five years' standing, the effect of which is, that on a
Policy for £1000 dated 1st March 1832, if it become a claim before
1st March, 1 8.52, no less a sum than £1486 will be payable, being an
increase of nearly Forty-nine per cent, on the sum originally as-
sured :— or, supposing the Pohcy to have been effected at the age of
SO, tl;e additions may bef applied in reduction of the future pre-
miums, wl jch would thereby be reduced from £25 Ids. led. to £8
1.5s. 8d. only, which last mentioned sum is SE^'E^'TEEN SHII^
LINGS AM) SEVENPENCE, or SEVEN-EIGHTHS PER CENT.
ONLY, on tie amount assured; and even this small payment must