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

INSURANCE.
Ill
MUTUAL ASSURANCE with MODERATE PREMIUMS.
SCOTTISH PROVIDENT INSTITUTION
(®sta!>lts!)elf 1837.)
This SOCIETY differs in its principles from any other Office.
Instead of charging rates higher than are necessary, and afterwards
returning the excess in the shape of periodical Bonuses, it gives from the
first as large an Assurance as the Premiums will with safety bear—reserv¬
ing the Whole Surplus for those Members who have lived long enough to
secure the Common Fund from loss. -
A Policy fbr £1200 to £1250 may thus at most ages he' had for the
Premium usually charged for £1000 only ; while, by reserving the
surplus, large additions have been given—and may be expected
in the future—on the Policies of those who live to participate.
Examples of Annual Premiums for £100'at Death, (with Profits).
Payable during Life
Limited to 21 Payments
SUMMARY OF NEW BUSINESS IN 1880.
New Assurances—1769 for £1,054,500 were effected during the year.
Premiums received, £399,538 ; Total Income, £573,609.
Accumulated. Funds (increased in year by £283,923), £3,913,252:0:10.
The aggregate amount of the New Assurances during the past
seven years has been £7,398,025—the increase of the Realised Fund
in the same period being £1,660,077.
The Result of the Investigation into the affairs of the Institution as at
31st December 1880, showed a surplus of £623,436, two-thirds of which fall
to be divided among those entitled to participate ; the remaining one-third
being reserved as a guarantee.
REPORTS with statement of PKINCIPLES may he had on application.
JAMES WATSON, Manager.
Edinburgh, May 1881.