Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1873-1874

ADVERTISEMENTS. 19
LIFE ASSOCIATION OF SCOTLANDT
FOUNDED 1838.
PROGRESS A/HD FINANCIAL POSITION.
FROM its commencement, thirty-five years ago, the Business has been marked only by uninterrupted
progression, and the most batisfactory results.
During the year ending 5th April, 1872 —
Neu' Life Assurances were accepted to the number of 1889, for £832,181
{Being upioavds o/'illSOjOOO more than those of previous year).
The Revenue of the year was •........» ^ 323,012
(TJiis is £1G,297 above the previous year.)
At the end of the year —
18,445 Policies of Assurance were in force for ...... ^ . 7,684,972
The Total Claims paid under Policies were , . 1,464,787
The Total Cash Bonuses paid weie 520,345
The Assets, as per the Balance Sheet, were 1,547,476
(^Beinq an increase q/'=£113,38(].)
THE NON-FORFEITABLE PREMIUM SYSTEM
(Now extended by the Association to almost all kinds of Assurances) entitles the Polic_v-holder to dis-
continue his Policy at any time after the first two or three years witliout Loss of Payments.
PROTECTIVE REGULATIONS.
Regulations giving the utmost protection to the Policy-holders, ba%'e always been conspicuous in the
system of the Association. BONUSES FROM PROFITS.
In CLASS A. the PROFITS are allocated in j'early Cash Bonuses, so applied as largely to reduce ths
Policy-holder's outlay after the sixth payment.
In CLASS B. the Profits are allocated every five years in the form of Contingent Bonus Additions to
the Sums Assured. Being reserved for those who do not die before the average period, thess
Bonuses are very much larger than usual.
EDmBUEGH, 82 Princes St. i GLASGOW, 123 St. Vincent St.
DIRECTORS IN GLASGOW.
David Barr, Esq., Writer; G. W. Rainey, Esq., Merchant; J. Hay Stuart, Esq., Banker; George Coats.
Esq., Grain Merchant; Sir George Campbell of Garscube, Bart.; John Watson, Esq. of Neils!ai)d
Coalmaster. Secrbtauy— R. ALEX. GARDNER.
A S S U R A N CE C O M P A
HEAD OFFICES:
19 AND 20 CORNHILL, LONDON.
FIEE, LIFE, AND MAEINE.
CAPITAL (Fully Subscribed), - - £2,500,000 ] ANNUAL PREMIUM INCOME over - £600,000
" (Paid-up), - - - £250,000 i ASSETS exceed- - - . £1,000,000
Manager of Fire Department—DXVID CHRISTIE, Esq.
Afamger of Life Department— T . E. YOUNG, Esq. Actua.rg—W. P. PATTISON, Esq.
6'ecretar7j—XLEX. SUTHERLAND, Esq.
For GLASGOW and WEST OF SCOTLAND, - - 107 ST. VINCENT STKEET.
D. MARSHALL LANG, Esq., District Manager.
BANKESS. I SOLICITORS.
THE CITY OF GLASGOW B.\NK. | Messrs. MITCHELLS, MACNIE, & COWAN.