Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1886-1887

North British and liercantile
INSURANCE COMPANY,
Incorporated, by JRpyal Charter and Acts of ZParliainent.
ESTABLISHED 1809.
LIFE INSURANCE.
NE^Wr ATTD 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 cases, free from all restrictions as to occupation, residence, and travel.
NINE-TENTHS of the Whole Profits of the Life Assurance Branch belong to the Assured,
one-tenth only going to the Shareholders.
At the last DIVISION Of PROFITS made as at 31st December, 1885, a Bonus of £1 9s.
per cent, per annum upon the sums assured and previous Bonuses was declared to Participating
Policy Holders.
If taken as a percentage on the original sums in the Policies, this is equivalent to an
addition ranging from £2 17s. lOd. per cent, per annum, on the oldest Policies, to £1 9s. per
cent, on those for the first time entitled to participate.
The total sum allocated, by way of Bonus, to Participating Policies during the Quinquen-
nium, which ended on 31st December, 1885, amounted to the large sum of £396,919 4s. 3d.
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 Kates of
Premium corresponding to the risk.
Net Fire Premiums for 5 years to 31st December, 1885, . . £5,415,545 12 11
Net Fire Losses during above period, 3,295,579 6 5
Losses settled with promptitude and liberality.
Prospectuses and every information may be had at the Chief Offices, Branches, or Agencies.
RESOURCES OF THE COMPANY
As at 31st December, 1885.
I. — Capital —
Authorized Capital, - . - £3,000,000
Subscribed Capital, -• - 2,500,000
Paid-up Capital, - - 025,000
II.-
III.-
-FiRE Fund —
Keperve, - - - . £1,250,000
Premium Reserve, - - 382,836 18 1
Balance of Profit and Loss A/c, 53,621 5 4
-Life Fuk"d —
Accumulated Fund,
Branch,)
£1,686,458 3 5
(Life
Accumulated Fund, (Annuity
Branch,)
558,444 3 9
£4,111,380 7
REVENUE FOR THE YEAR 1884.
From the life Department.
£520,735 9
Net Life Premiums, Interest, &c..
Annuity Premiums, (including
£70,641 2s. Ort. by single
payment,) and Interest,
100,518 6
£621,253 15 2
From the Fire Department.
Net Fire Premiums, Interest, &c., 1,238,358 9 8
£1,859,607 4 10
EDINBURGH : 64 PRINCES STREET. I
The Accumulated Funds of the Life Department
are free from liability in respect of the Fire Depart-
ment, and in like manner the Accumulated Funds of
the Fire Department are free from liability in
respect of the Life Department.
LONDON: 61 THREADNEEDLE ST.
GLASGOW BBANCH OFFICE— 102 ST. VINCENT STEEET.
GLASGOW BOARD OF DIRECTORS.
Chairman — Sir Charles Tennant, Bart., M.P.
James Graham, Esq., Writer.
RoBER'L)5rOURLAY, Esq., Bank of Scotland.
John M. Hill, Esq., Writer.
Local Manager — G. W. Snodgrass.
Abram Lyle, Esq., Greenock.
James L. Mitchell, Esq. , Merchant.
John Inglis, Esq., Engineer.
Local Secretary — David L, Laidlaw.
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