Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1885-1886

bohsttts yeab, isss.
Hi
and Mercantile
INSURANCE COMPANY.
Incorporated by Royal Charter and. ^.ots of Parliament.
ESTABLISHED 1809.
LIFE INSURANCE.
STEW AND IMPORTANT FEATURES.
Claims paid on proof of death and title.
Premiums adjusted to each half-year of age.
Minimum Surrender Values fixed, and held at credit of Insured for five years.
Paid-up Policy of liberal amount granted in place of lapsed policy, if desired, within six months.
Error in proposal papers not to involve forfeiture of policy unless accompanied by fraud.
Policies in most eases world-wide from outset.
ZBOJCTTTS ITJSlJLtt, 188 5.
NINE-TENTHS of the Whole Profits of the Life Assurance Branch belong to the Assured,
one-tenth only going to the Shareholders.
The next DIVISION OP PROFITS will be made as at 31st December, 1885, and a Policy
effected on the Participating Scale during the current year will rank in that Division for Bonus,
which will vest if the Policy continues in force until the sixth premium is due.
ANNUITY BRANCK
The Company grants Annuities to Persons of all Ages on very favourable terms.
FIRE DEPARTMENT.
Property of nearly all descriptions Insured, at Home or Abroad, at the Lowest Rates of
Premium corresponding to the risk.
Losses settled with promptitude and liberality.
J Every information may be had at the Chief Offices, Branches, or Agencies.
BBSs**, Ices op the company
As at 31st December, 1884.
I. Capital—
Authorized Capital, - - £3,000,000
Subscribed Capital, - - 2,500,000
Paid-up Capital, - - 625 ,000
II. Fire Fund—
Reserve, - - - -
Premium Reserve, -
Balance of Profit and Loss
Account, -
III. Life Fund—
Accumulated Fund, (Life
Branch,)
£1,170,000
371,356 4 4
55,939 5 2
£1,597,295 9 6
£3,458,595 18 9
Accumulated Fund, (Annuity
Branch,) - - - 536,066 8 6
£3,994,662 7 3
REVENUE FOE THE TEAK 1884.
From the Life Department.
£495,530 11 10
Net Life Premiums, Interest, &c,
Annuity Premiums, (including
£70,166 17s. 3d. by single pay-
ment,) and Interest, -
92,030 16 10
£587,561 8 8
From the Fire Department.
Net Fire Premiums, Interest, &c, 1,201,068 11 11
£1,788,630 7
The Accumulated Funds of the Life Department are free from liability in respect of the
Fire Department, and in like manner the Accumulated Funds of the Fire Department are
free from, liability in respect of the Life Department.
CHIEF OFFICES-
EDINBURGH: 64 PEINCES STREET. | LONDON: 61 THREADNEEDLE ST.
GLASGOW BRANCH OFFICE— 102 ST. VINCENT STREET.
GLASGOW BOARD OF DIRECTORS.
Chairman— Charles Tennant, Esq., of The Glen, M.P.
James Graham, Esq., Writer. Abram Lyle, Esq., Greenock.
Robert Gotjrlay, Esq., Bank of Scotland. James L. Mitchell, Esq., Merchant
John M. Hill, Esq., Writer. John Inglis, Esq., Engineer.
Local Manager— G. W. Snodgrass. Local Secretary— David L, Laidlaw