Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1860-1861

XXX
INSUEANCE DIRECTOEY.
THE TWENTIETH ANNUAL MEETING OF THE
LIFE ASSOCIATION OF SCOTLAND,
FOUNDED 1838,
^VM^aiatxza bg l^osal (fDl^artcr antJ ^ct of parliament,
Was held at the Head Office on the 9th August 1859, when the Directors reported a highly
satisfactory state of the affairs.
DURING THE LAST YEAR, THE APPLICATIONS FOR New Life) ^300 for £CAi 618 4 8
Assurances were ) ' '
Ofwhich the Directors accepted 1011, for £486,639 4 8
THERE were only 81 DEATHS during the year amongst the Assured,"(_ _ ^23 231 19 7
covered by 100 Policies for i "' ' '""
(According to the Table of Mortality, there should have fallen 133
Policies, for £57,610, 16s. 8d.)
THE TOTAL SUMS ASSURED PAID to the Representatives of deceased) ^279 620 10 4
Policy-holders amount to > "' ^ ' -
THE GROSS ANNUAL INCOME from Premiums of Assurance and^ ^^.^ Q^g ^. ^
Interest on Investments, is j ■" '
THE TOTAL ASSURANCE TRANSACTIONS since the commencement of the Business amount to
nearly Five and a Half Millions Sterling ; the Progressive Increase of the Business
being; as follows :
ASSURANCES since DECEMBER iSSS, to these Dates.
149
489
895
2,423
6,094
9,045
12,320
for
£75,699
261,569
489,017
1,085,936
2,320,938
3,737,773
5,356,643
ANNUAL
INCOME.
£2,709
8,321
14,630
32,582
67,536
109,601
151,078
THE ASSETS AND LIABILITIES of the Association having been carefully valued ; the Directors
are fully warranted in declaring a REDUCTION OF 37j PER cent, on the Premiums payable in
the year ending 5th April 1860, on all Participating Policies opened on or before 5th April 1854.
This Reduction is 1\ per cent, greater than in any former year.
EXAMPLES.
The 2d Series of Policy-holders was begun in 1855 ; and there is every prospect that large sums
of Profit will be divided also amongst them.
\Conth\ued.