Counties > Moray (Elgin) and Nairn Shires > 1863 - Black's Morayshire directory, including the upper district of Banffshire

ADVERTISEMENTS.
33
SCOTTISH PROVIDENT INSTITUTION.
14, ST. ANDREW SQUARE, EDINBURGH.
N this SOCIETY alone the Members obtain Assurances with
RIGHT TO SHARE IN THE WHOLE PROFITS, on payment of the
MODERATE PREMIUMS required by the NON-PARTICIPATING SCALE of the
PROPRIETARY COMPANIES.
In other Offices a person may assure at Rates as low, but without any prospect of
Additions ; OR, he may retain the right to Profits, but only by payment of Excessive
Premiums.
The Principle of reserving the Profits for the Policies which survive the time when
they can be a loss to the Eund has already yielded, to those who have participated,
Bonuses of Thirty, Fifty, and in some cases upwards of Seventy per cent. Nearly all
the earlier members have now come to participate.
The ADMINISTRATION has uniformly been conducted with Liberality towards
the Members (there being no opposing interests), and with readiness to initiate and
adopt every available improvement. Resolutions were adopted many years since, by
which the Policies are not invalidated by inaccuracy in the Original Statements,
unless these are proved to have been fraudulently made ; and it is believed the
Institution is still the only Office in which this Equitable Relaxation is introduced
into its constitution. The Directors are further empowered to give exemption,
after Five Years, from restriction on Foreign Residence or Travel, or from any
conditions of forfeiture other than non-payment of the Premiums, on being satisfied
that the person whose Life is Insured has no prospect of going beyond the limits of
Europe.
The Position to which the Society has attained among the LIFE Offices of Great
Britain is thus stated by the Chairman at the Annual Meeting of 1861 :—
" Looking to all the Offices in the Kingdom, Ave find that of those established as
late as ours not one has come up to us in general business, except it may be one, and in
that case, the difference, if any, is not great, while our own Realised Fund consider-
ably exceeds theirs. If we look, on the other hand, to all the offices older than ours,
numbering probably about sixty, we have gone ahead of about one-half of them in
the amount of our Accumulated Fund, and of nearly three-fourths of them in the
Number of our Members."
ANNUAL PREMIUM TO ASSURE £100 AT DEATH.
Age 25. 30.
35.
40.
45.
50.
£1 18
£2 16
£2 6 10 1 £2 14 9
£3 5 9
£4 17
Copies of the Annual Report, and every information, may be had on application.
JAMES WATSON, Manager.
AGENTS.
/ ALEXANDER COOPER, Writer.
m S m > \ JAMES ANDERSON, Writer.
Forres, Alexander Urquhart, Writer.
Nairn, P. M'Dougal, Caledonian Bank.
Banff, James Rust, Union Bank.
Keith, Charles Kelman, Solicitor.
Cullen, Alexander Sim, North of Scotland Bank.
Inverness, P. M'Dougal & J. Mactavish, Caledonian Bank.
N"