Adventure and adventurers > Black's guide to the counties of Dorset, Devon, & Cornwall

INSURANCE.
109
NORTH BRITISH & MERCANTILE
INSURANCE COMPANY.
(EstabltaljrtJ 1809.
Subscribed Capital, £2,000,000. Paid-up Capital, £500,000.
Reserves and Balance of Undivided Profit, £1,201,243 : 5 :11.
LIFE DEPARTMENT.
I.—Life Assurance Branch.
The large proportion of NINE-TENTHS of the PROFITS is divided
among the Policyholders on the Participating Scale every five years, and
is allocated not only on the sums assured, but also on the previous addi¬
tions.
The last Division of Profits was made as at 31st December 1880, when
there was declared a Bonus of £1 :7 :6 per cent per annum.
If taken as a percentage on the original sums in the Policies, this
Bonus is equivalent to an addition of from £2 :11 :4 per cent per
annum, on the oldest Policies, to £1:7:6 per cent on those now for the
first time entitled to participate.
SINCE the establishment of the Company, the sum of £1,200,624 has
been distributed in BONUSES.
THE ACCUMULATED FUNDS of the Life Branch, irrespective of
the Paid-up Capital, amount to £3,062,174 : 6 :1, and are specially
invested to meet the obligations of that department.
THE REVENUE from Life Premiums and Interest for the year 1880
was £450,675 : 4 : 8.
II.—Annuity Branch,
ANNUITIES, Immediate, Contingent, or Deferred, are granted on
favourable terms.
THE ANNUITY FUND, irrespective of the Paid-up Capital, amounts.
to £351,273 :19 : 2.
FIRE DEPARTMENT.
The Company INSURES against FIRE almost every description of Pro¬
perty, at Home or Abroad, at the lowest rates of Premium correspond¬
ing to the Risk.
THE NETT PREMIUMS for 1880 amounted to £951,173 :10 :5.
Every Information may be had at the Chief Offices, Branches, or Agemies.
CHIEF (EDINBURGH . 64 Princes Street.
OFFICES \ LONDON . . 61 Threadneedle St.