Towns > Edinburgh > 1838-1846 - Post-Office annual directory and calendar > 1842-43

is aflforded, while the profits are divisible among the only parties
who have any right to them — the Assurers. Mutual Assurance
Societies are therefore rapidly supplanting Assurance Companies,
most of which will probably in a few years cease to exist."
The Scottish Amicable Life Assurance Society has accordingly
been established on the Mutual System, with no view to personal
advantage among its promoters, farther than to obtain for them-
selves and their fdlow-members, the full benefits which may be
derived from their contributions.
In regard to the mode of division of the profits, that adopted
by the Society has been found to be fair, simple, and popular, the
additions being in proportion to the duration and amount of the
Policies, calculated from the date of the Policy or previous in-
vestigation.
The additions which have already been made to the Policies,
amount on those of thirteen years standing to more than one-fifth
of the sums insured, varying, if stated in reference to the Pre-
miums, as is usual with many ofiices, according to the ages from
fifty to twenty, from 35 to 75 per cent, of the premiums paid.
To Policies of less duration, proportional additions have been
made, with this reservation, that the additions made to Policies of
less than five years' standing are not exigible if the parties die
before the expii-y of the five years. The following Table shows at
dififerent ages the effect on a Policy of £1,000 of Bonus addi-
tions at a similar rate, to what has been declared : —
The above Table has been extended so as to show the effect,
to parties entering at the ages stated, should they live to seventy-
five. Of course, in the event of the early falling of a Policy, it
must be more than the sum of premiums paid; but it will be
observed, that supposing the parties to live to seventy-five, then