Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1863-1864

North British & Mercantile Insurance Company.
Life Department.
The rapid growth in this branch of business will best be shewn
by the following Statement of the LlFE POLICIES effected dur-
ing the last few years — •
Sums. Premiums.
^377,425 ^12,565 18 8
449,913 14,070 I 6
475,649 14,071 17 7
527,626 16,553 2 9
622,224 18,872 9 8
To tJie btishiess 0/1^62 there has also to be added 167 Policies, itisuring £ii3^6,iio, bein^
t/w amount oj business done t/uough the United Kingdom Co7npany during the year,
and uuhich, by the agreement -ujith that Cojnpatiy, luas to be held as the Policies of the
N'orth Briiish and Meira?itile, thus making the total issue for the year
Policies. Sums Assured. New Premiums.
1862 1037 £768.334 £23.641 O O
Profits.
Nine-tenths, or in other words, the zvhole oj the Profits aris-
ing from the Life Business, after setting aside one-tenth to the
Shareholders of the Company for their guareintee, are divided
among the Assured in the participating classes.
At the last Investigation in 1858, the Surplus amounted
to the large sum of ^^ 13 6,000.
This allowed a Bonus on the sums Assured var}'ing from
^i : 5s. to ;^i : I 5s. per cent per annum, according to the dura-
tion of the Policy.
Application of Bonus.
The Assured have the option of applying their Bonuses in
either of the following ways —
1. To be added to the Sum Assured — and payable with the sum in
the Policy.
2. To surrender them for an immediate pa}Tnent in Cash.
3. To the reduction and ultimate extinction of the future premiums.