Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1865-1866

ADVERTISEMENTS.
157
COMPANY.
LONDON, 37 CornMU. I EDINBITEGH, 47 George Street. 1 DUBLIN, 52 Dame Street.
Incorporated hy Royal Charter, and Established 1824.
GLASGOW BOARD.
Chairman— ALEXANDER M'GREGOR, Esq.
JOHN BLACKIE, Jun., Esq.
WILLIAM FORRESTER, Esq.
GEORGE FLEMING, Esq.
JAMES FLEMING, Esq.
JAMES L. EWING, Esq.
JOHN CAMPBELL, Esq.
HUGH MONCRIEFF, Esq., Secretary.
PROGRESS OF THE COMPANY.
THE following Statements exhibit the Progress which has taken place in the Company's Business, in both
Departments, during the last few years.
LIFE DEPARTMENT.
For the Year
ending 31st July.
No. of New Life
Polices issued.
Insuring.
Yielding of
New Premiums. j
1862
1863
1864
915
1071
1116
427,330
488,264
514,425
£ s. d.
13,197 9 1
15,382 1
17,039 1 6
It thus appears that, during the three years since 31st July, 1861, forming the commencement of the
current quinquennial period, there have been issued 3102 Life Policies, insuring the large sum of £1,430,019.
DIVISION OF PROFITS.
Each five years everj' Policy-holder entitled to participate receives a share of the Surplus in exact
proportiou to the Premiums paid during the five years, with accumulated interest thereon. The share of
Profits so allocated is then converted into a Reversionary Bonus, according to the age of the party.
While this system gives to each an exact proportion, it will be found alike favourable to young lives,
whose prospects of longevity are greater, and to parties entering at middle life or the more advanced ages;
the Premiums paid by them being higher than at early ages.
NEXT DIVISION TAKES PLACE IN 1866.
FIRE DEPARTMENT.
In this branch of the Company's Business the Revenue has increased upwards of 50 per cent, during the
.ast seven years, and now amounts to £54,C00.
The Revenue of the Company from all sources is now £194,000, and has been derived from Business trans-
acted in the United Kingdom alone — the Company not having any Foreign Agencies. When this fact is
kept in view, as well as the active competition existing among Insurance Companies, it cannot but be
regarded as very satisfactory that this Company has not only maintained, but has highly increased its
Business and Revenue during the past year.
AGENTS IN GLASGOW.
Finlayson & MoNCRiEFF, 133 West George Street.
Charles Hamilton, 156 West George Street.
William Mathison, 38 West George Street.
John Macgeorge, 135 Buchanan Street.
John Fleming, 21 St. Vincent Place.
Hugh Colquhoun, 22 Ren field Street.
ToLMiE & Duncan, 42 West George Street.
James Caird, 27 Virginia Street.
IN PAISLEY.
Hodge, Young, & Martin, County Buildings.
Alexander Hart, 87 High Street.
James Young, 8 Moss Street
Agents formerly Jbr Hercules, now /or
Scottish Union —
IN GLASGOW.
William Neilson, 1 South Frederick Street.
Alex. Young, 138 Hope Street.
*JoHN Millar, 71 Queen Street.
*H. B. Lacy, 64 St. Vincent Street.
*Andrew M'Math, Builder, Rutherglen,
* For Fire Department only.
IN PAISLEY.
Anderson & Hart, Gilmour Street.
Surveyor— WiLhiAM Ramsay, 49 West George Street, Glasgow.— GEORGE RAMSAY, Manager.
JAMES BARLAS, Semtary.
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