Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1854-1855

ADVERTISEMENTS.
177
ECONOMIC
LIFE ASSURANCE SOCIETY,
6 NEW BRIDGE STEEET, BLACKFRIARS, LONDON.
Established 1833.
EMPOWERED BY ACT OF PARLIAMENT, 3 WILLIAM IV.
DIRECTORS.
The Right Hon. Sir T. Frankland Lewis, Bart , M.P., Chairman.
Henry Frederick Stephenson, Esq., Deputy- Chairman.
A. Kih'gsford Barber, Esq.
A. Rett Barclay, Esq., F.R.S.
Henry Burnett, Esq.
Robert Biddulph, Esq.
Thomas Edgar, Esq.
Sir Alex. Duff Gordon, Bart.
Archibald Hastie, Esq., M.P.
John Mendham, Esq.
Charles Morris, Rsq.
William Routh, Esq.
Edward Charrington, Esq.
Francis Dumergue, Esq.
AUDITORS.
| Capt. Robert Gordon, R.N.
I John Gilliam Stihvell, Esq.
Physician John Ayrton Paris, M.D., Cantab., Hon. D.C.L. Oxon., F.R.S. ,
27 Dover Street, (President of the Royal College of Physicians.)
Surgeon Benjamin Travers, Esq., F.R.S., No. 54 Green Street.
Grosvenor Square.
Solicitor Henry Young, Esq., No. 12 Essex Street, Strand.
Actuary James John Downes, Esq., F.R.A.S.
I^HE advantages offered by this Society are — Economy combined with Security,
and Lower Rates of Premiums than those of any other Office, which entitle
the Assured to participate in the Profits, and considerably lower than those of any other
Mutual Assurance Society.
The WHOLE OF THE PROFITS are divided every fifth year among the Assured,
and a Bonus is added, after the Payment of the Fifth Annual Premium, to every Policy
effected on the Participating Scale, if a claim accrue thereon prior to the next division of
Profits.
The Bonus declared in 1854 (arising from the whole of the Profits) upon the Mutual
Principle, averaged 67 per Cent, on the Premiums received.
Number of Policies in force, 6,600.
The Assurance Fund amounts to £1,340,000. Income upwards of £220,000 per
Annum.
No charge for Policy Stamps, nor for Service in the Yeomanry or Militia Corps.
The subjoined Table shows the advantages offered by the Society, resulting from low
Premiums, and a division of the entire Profits among the Assured : —
Age
at
Entry.
The Annual
Premium accord-
ing to the North-
ampton Rates
to Assure £1000.
Assures
by the
Econo-
mic
Rates
Thus
giving
an im-
mediate
Bonus of
Economic
Bonus on
Policies of Seven
Years' Standing
in 1854 was
Also, a Contin-
gent Bonus on
Policies becom-
ing Claims in
Total Sum
Payable at
Death,
if occurring in
1854.
1854.
20
30
40
50
£21 15 10
26 13 5
33 19 6
45 6
£1260
1205
1140
1030
£260
205
140
30
£116
125
130
141
£12
12
11
10
£1388
1342
1281
1181
Assurances effected in the current year, 1854, will participate in the profits in 1859.
Medical Referee John Coats, Esq., M.D.
Prospectuses and full particulars may be obtained on application to
THOMSONS, RITCHIE, & CRAIG, 101 Miller Street,
Agents for Glasgow. m