Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1884-1885

Quinquennial Division of Profits.
At the Thirteenth Division of Profits of the Society, made as at
ist March 1883, the profits realized in the preceding five years were
found to be .£278,684, of which ,£19,856 had been paid as Contingent
Prospective Bonus Additions to Policies which became claims
during the five years. The available surplus enabled the Directors
to declare New Bonus Additions to every participating Policy, at the
rate of £i, 5s. per cent upon the sum assured and former bonuses,
for each year it had been in force since the previous division of
profits as at ist March 1878. If the Bonus had been declared
simply upon the original sums assured, it would have been at the
rate of £i, 9s. per cent per annum. It varies, however, according
to the duration of the policy ; being at the rate of £2, us. id. per
cent upon policies issued in the first year of the Society, upon
which 52 years' premiums have been paid ; £2, 6s. 6d. per cent
upon policies of 47 years' standing, and so on.
All the policies issued in the first five years of the Society, which
are still in force, and on which no previous bonuses have been
surrendered, are now doubled in amount.
The total amount of the New Bonus Additions to Policies is
;6425,i57-
The following is an Extract from the Bonus Table, showing the
amounts payable under various Policies, for £1000, in the event of
death occurring before ist March 1888 : —
IS- 3 —

Accumulated
Sum at
ist March 1883.
Amount payable, if the Assured die after payment of the Premium in the
Year ending ist March
1884.
1885.
1886.
1887.
1888.
1S32
1S42
1S52
1862
1872
£2169 5 4
1S01 iS 8
1494 14 4
1260 17 3
1144 14 2
^2189 12 1
1818 16 6
1508 14 7
1272 13 9
1155 8 10
^2209 18 10
1835 14 5
1522 14 10
1284 10 1
1 166 3 6
£2230 5 6
1852 12 3
1536 15 1
1296 6 6
1176 18 1
£2250 12 3
1869 10 1
1550 15 4
1308 2 11
1187 12 9
^2270 19
1886 8
1564 15 8
1319 19 4
1198 7 s
The Vested Bonuses may at any time be surrendered, in whole or in part, for
their present value, or applied to reduce the future premiums (for Life or for a
period of five years), as the Policyholders may desire.
In 1878 the Bonus was at the rate of £i, 2s. 6d. per cent per
annum, as against £i, 5s. on the present occasion, and the Directors
have every reason to believe that they will be able to declare in 1888
a Bonus at a still higher rate.
Settlement Policies
with special advantages are granted under the Married Women's
Property Act, free from all claims of creditors in the event of sub-
sequent insolvency.