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

238 ADVERTISEMENTS.
LIFE ASSURANCE COMPANY.
ESTABLISHED IN 1838 — INCORPORATED BY SPECIAL ACT OF PARLIAMENT,
Subscribed Capital, £600,000.
Annual Premium Income, £152,219.
Existing Assurances, £5,617,683, Invested Funds, £1,369,16
Governor— THE EIGHT HON. THE EAEL OF GLASGOW.
I
GLASGOW BOARD,
HEAD OFFICE-No. 28a RENFIELD STREET
WALTER PATERSON, Esq., Chairman. ROBERT BARCLAY, Esq., Deputy Chairman.
Colin D. Donald, Esq., Writer. | Thos M. Fergusson, Esq., Merchant.
Alexander Kay, Esq., of Cornliill. Robert Balloch, Esq, Merchant.
R. D. Mackenzie, Esq., of Caldarwan. ' J. B. MacBrayne, E-q., Insurance Broker.
Manager — F. F. Elderton. Secretary — George Gray.
Assistant- Actuary — J. J. W. Deuciiae. Medical Adviser — Gavin P. Tennent, M. D.
ANNUAL REPORT, 1885.
The Directors' Report to the Forty-sixth Annual General Meeting of tli
Company, held on 28th April last, contains the following among other informatiJ
relative to the progress of the Company during the year which ended at 20th Januar
1885.
The New Assurances effected in the year amounted to £424,558, being in exce
of those of the previous year, and yielding a new Annual Premium Income i
£13,491.
The Claims by Death were £93,013, or very considerably within the amount pre
vioVd for.
The Income of the year has been £223,542, and the Expenditure, which includi
a provision tor the payment of every outstanding claim, £149,430. The Balanc
£74,112, is the addition to the Invested Funds, and has increased them to £1,369,161
The Investments of the Company yield an average rate of interest of £4 8S. 10d. p<
cent.
Special attenton is requested to the following Advantages granted to the Polic]
holders during the year, which, with the Privileges already conferred, render th
Company's Policies unusually valuable.
Immediate Payment Of Claims. — Death Claims on all Policies of the Compan
are now payable immedhtel/ on proof of Death and title, and Survivance Claitx
immediately on proof of Survivance and title.
Extension Of Non-Forfeiture Scheme. — No Policies that have Surrender Value
are forfeited by failure to pay the Premiums thereon when due, but the
Surrender Values, if not applied for at the time of lapsing, will be carried to
Suspense Account, and may be claimed at any time within five years of the date c
lapsing; and
Paid-up Policies, in lieu of these Surrender Values, may be claimed at any tim
within six months of the date of lapsing, the amounts thereof being shown in th
Company's Prospectus.
15