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

238 ADVERTISEMENTS.
THE CITY OF GLAS
LIFE ASSURANCE COMPANT.
ESTABLISHED IN 1838 — INCORPORATED BY SPECIAL ACT OF PARLIAMENT.
Subscribed Capital, £600,000. |
Annual Premium Income, £155.279.
Existing Assurances, £5,711,811. Invested Funds, £1,434,995
Governor— THE EIGHT HON. THE EAEL OF GLASGOW. '
GLASGOW BOAED,
HEAD OFFICE-No. 28a RENFIELD STREET!
PETER CLOUSTON, Esq., Chairman. (J. D. DONALD, Esq., Deput?/ Chairman.
Alexander Kay, Esq., of Cornhill. | Robert Balloch, Esq , Merchant.
R. D. Mackenzie, Esq., of Caldarvan. J. B. MacBrayne, E-q., Insurance Broker.
Thos. M, Fergusson, Esq., Mercliaut, ' ArCHD. Robertson, Esq., Banker.
Manager — F. F. Elderton. Secretary — George Gray.
AssisUmt-Actuai'y — J. J. W. Deuchae. Medical Adviser — Gavin P. Tennent, M. D.
ANNUAL REPORT, 1886.
The Directors' Report to the Forty-seventh Annual General Meeting of th|
Company, held on 27th April, 1886, contains the following among other informatio
relative to the progress of the Company during the year which ended at 2(Jth January!
1886.
The New Assurances effected in the year amounted to £431,308, being in exces
of those of the previous year, and yielding a new Annvial Premium Income c
£12,873.
The Claims by Death were £105,705, or very considerably within the amount prcl
vided for.
The Income ot the year has been £224,178, and the Expenditure, which include
a provision for the payment of every outstanding claim, £158,346. The Balanci
£65,832, is the addition to the Invested Funds, and has increased them to £1,434,99'
The Investments of the Company yield an average rate of interest of £4 8S. 9d. pt
cent. Of the total Investments of the Company, amounting to £1,434,995, onl
the sum of £4,350 has been advanced on property in Ireland.
Special attention is requested to the following Advantages granted to the Folic})
holders, luhich, ivith the Privileges already/ conferred, render the Company's Tolick
unusually valuable.
Immediate Payment of Claims. — Death Claims on all Policies of the Compan
are now payable immediately on proof of Death and title, and Survivance Claiir
immediately on proof of Survivance and title.
Surrender Values, if not applied for at the time of lapsing, are carried to
Suspense Account, and may be claimed at any time within five years of the date (
lapsing; and
Paid-up Policies, in lieu of these Surrender Values, may be claimed at any tiro
within six months of the date of lapsing, the amounts thereof being shown in tb
Company's Prospectus.
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