Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1882-1883

POST-OFFICE DIRECTORY ADVERTISER. 25
MUTUAL INSURANCE.
SrOTTISH
EQUITABLE LIFE ASSURANCE SOCIETY.
INSTITUTED 1831.
Head Office-26 ST. ANDREW SQUARE, EDINBURGH.
His Grace The Duke of Buccleuch & Queensberry, K.G.
Sir Graham Geaham Montgomery of Stanhope, Bart.
#rbirtarg ^ixeriaxs.
James Hope, Esq., Easter Duddingston.
Sir Alexander Grant, Bart., Principal of the
University of Edinburgh.
George H. Thoms, Esq., Advocate, Sheriff of
Caithness, Orkney, and Shetland.
David Stevenson, Esq., Civil Engineer, 84
George Street.
Daniel Eutherford Haldane, Esq., M.D.,
22 Charlotte Square.
John Bruce, Esq., Merchant, Leith.
William Turner, Esq., M.B., F.R.S., Pro-
fessor of Anatomy in the University of
Edinburgh.
Peter Bannatyne, Esq., Secretary, National
Bank of Scotland.
James Muirhead, Esq., Advocate, Professor
of Civil Law, in the University of Edin-
burgh.
William J. Ford, Esq., Merchant, Leith.
Patrick Blair, Esq. , Writer to the Signet.
John P. Wright, Esq. , Writer to the Signet.
Manager — Thomas Bond Sprague, M.A. Secretary — William Finlay.
Medical Officer — Claud Muirhead, Esq., M.D.
THE SCOTTISH EQUITABLE is a Purely Mutual Office. There are no Shareholders
to absorb any portion of the Profits, which are therefore wholly divided among the
holders of Participating Policies. Its leading features are — Unquestionable Security, Liberal
Conditions of Insurance, and Early Participation in Profits.
By Resolutions recently passed, the conditions as to Foreign Residence and Travel have
been made much more liberal and greatly simplified. Most of the Policies after Five
Years' endurance are freed from all conditions, except the payment of the Ordinary Premium.
The Premiums on Whole-Life Policies are now calculated by half-years of age, so that
those who insure within six months after a birthday will be charged a lower rate of premium
than hitherto.
POSITION OF THE SOCIETY AT 1st MARCH 1881.
The Existing Assurances, including Bonus Additions, were ^8,443, 660 8 9
The Annual Revenue was 324>938 19 2
And the Accumulated Funds were . . • . . . 2,489,481 9 o
The Accumulated Fund is llj times the premiums of the year, and is 308 per cent, of
the existing assurances after deduction of the re-insurances of £368,720.
The Profits are ascertained at intervals of five years. The next Investigation and
Division of Profits will be made as at 1st March 1883, and persons lodging proposals for
insurance before that date will secure the advantage of an additional year's Bonus over
subsequent entrants.
Non-Forfeitable Policies are granted by the Society on a new and improved
plan, which combines the advantages of Moderate Premiums payable for a limited number
of years (11, 22, or 33), Ultimate Participation in the Profits, Fixed Surrender Values, and
the issue of Fully Paid-up Policies without special application to the Directors.
Settlement Policies, with special advantages, are granted under the ' Married Women's
Policies of Assurance (Scotland) Act, 1880,' free from all claims of creditors in the event
of subsequent insolvency.
Loans are granted in connection with life insurance, on Life Interests, Reversions,
and other approved Security. The Directors are also prepared to entertain proposals for
the sale of Reversions to the Society.
•Edinburgh, April 1882.