Towns > Dundee > 1809-1912 - Dundee directory > 1897-1898

THE
Scottish Widows' Fund
Mutual Life Assurance Society.
Funds, £13,600,000. Revenue, £1,500,000.
The Whole Profits are divided among the Members, there
being no Shareholders to participate therein.
Cash Surplus for the seven years to Dec. 1894, £2,509,923
Of which had been paid in Intermediate Bonuses
between 1887 and 1894, £242,487, and reserved
to reduce the Valuation Rate of Interest to
3per cent., £445,850, - - - - 688,337
Leaving: a Free Balance of £1,821,586
which enabled the Directors to declare Compound Bonus
Additions {i.e., on Original Sums assured and previous Bonuses
in force) at the rate of £1 14s per cent, per annum, equal to
New Bonuses
Fpom £1 14s to £4 13s lOd per cent, per annum
on Original Sums alone, according to duration of the Policies.
The Society's Policies are therefore unusually profitable ; and as
Members may at their option convert their Policies into Paid-up
Policies free of Premiums, Surrender them for their Cash Value,
or borrow from the Society any amount covered by that value,
it will be seen that they are not only
Life Assurance Contracts
of the Most Secure and Profitable Description obtainable, but also
Negrotiable Documents of Known Value,
affording such Financial Facilities and Advantages as Life
Policies without such options obviously cannot.
The Society's Prospectus contains full information on all these points
Dundee: 8 PANMURE STREET.
JOHN M. WATSON, Agent.