Towns > Edinburgh > 1805-1834 - Post Office annual directory > 1826-1827

ASSURANCE COMPANY.
for assurance against fire, and on lives and
survivorships, purchase of annuities,
-reversions, &c. and endowments to children.
33 King Street, Manchester,
and
iffy I 9 Scotland Street, Edinburgh.
73 Insurance Companies.
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Capita] — Two Millions.
Established March 1824.
James Brierly, Esq. Chairman.
Thomas Heywood, Esq. Deputy -Chairman.
Besides twenty-two Directors.
Joseph Morton, Esq. Secretary.
The unexampled encouragement which this Company has
met with since its establishment, is a sufficient proof that the
principles upon which it is founded, combine the most per-
fect security, with advantages superior to those offered by any
institution of a similar character.
The Capital amounts to Two Millions, subscribed in
shares of £100 each, upon which a deposit of 10 per cent has
been paid. This deposit, and the accumulations thereon, form
the present capital of the Company, with a further claim upon
the subscribers to pay such sums as may be required to the
extent of their respective shares.
The conditions of Assurance, both in the Fire and Life de-
partments, will be found to be extremely liberal ; the pre-
miums are as moderate as is consistent with perfect security ;
and the strictest secrecy is observed in all the Company's trans-
actions.
This Company insure the lives of persons going abroad— of
delicate health, or predisposed to hereditary or constitutional
maladies. Lives of females are insured at a less rate than
those of males. The lives of persons who are not enabled to
return perfect testimonials, or are uncertain of their date of
birth, are also insured by this Company — the rates of premium
in these and similar cases being determined as low as the pa-
ramount duty of security permits.
By the Deed of Settlement the assured are entitled to one-
third of the profits in the Fire department ; and two-thirds in
that of the Life, without any liability on their part to the
losses ; and they have themselves the power of ascertaining
and enforcing their rights.
Parties may arrange to pay their premiums by single,
yearly, half-yearly, or quarterly payments. Policies of
three years standing are bought by the Company, or a sum
will be advanced to aid the assured in continuing their pay-
ments.
The Directors have, in their general principles, endeavour-
ed to extend the utility, and improve the practice of Life As-
surance, and they will, in all the details of the Office, meet as
far as possible the convenience, and facilitate the business of
parties assuring.