Towns > Edinburgh > 1867-1870 - New Edinburgh, Leith, and county (business) directory > 1868-1869

North British and Mercantile Insurance Company — continued.
LIFE DEPARTMENT.
The Company offers every facility for the transaction of all classes of Life Assurance business.
The Principles on which it was founded combine the system of Mutual Assurance with
the additional protection of a large Subscribed Capital, so that for the obligations which it
ur lertakes, it is enabled to offer to Insurers the important feature of the most
UNDOUBTED SECURITY.
The Accumulated Funds in 1867 amounted to . . L.2,687,313
In addition to which there was
The Subscribed but unpaid Capital of .... 1,750,000
The Annual Revenue from all sources was . . . 712,417
THE WHOLE PROFITS
of the Life Business, with the exception of one-tenth for Guarantee, are divided amongst the
Participating Policyholders
EVERY FIVE YEARS.
The next Division will be made as at 31st December 1870.
PREMIUMS MODERATE,
And framed to suit all the various contingencies connected with Life.
New Special Rates for India, Ceylon, and China.
NEW BUSINESS IN 1867.
Policies. Sums Assured. Premiums Received.
916. L.821,818. L.29,273 : 9 : 10.
FIRE DEPARTMENT.
The Company insures against Fire almost every description of property at Home and Abroad
at the most moderate rates.
Farming Stock and Crop are insured free of Duty, and losses by Lightning thereon are
made good.
PROGRESS OF BUSINESS.
The Net Premiums for 1862 were . . . £119.591
Do. do. 1863 „ ... 165,192
Do. do. 1864 „ ... 219,235
Do. do. 1865 „ . . . 240,783
Do. do. 1866 „ ... 280,543
Do. do. 1867 „ ... 333,984
From the last Returns made out by Government it appeared that the North British and Mer
cantile had paid the
Largest Increase of Duty
for year 1866, of any Company in the United Kingdom.
Seven Years' Insurances by one payment are charged as Six only.
No Charge made for Policies or Transfers from other Offices.
ALL CLAIMS SETTLED PROMPTLY AND LIBERALLY.
ANNUITY DEPARTMENT.
ANNUITIES of all kinds are granted, and the rates fixed on the most favourable terms.
Prospectuses, and every information, may be obtained at any of the
Company's Head Offices, Branches, or Agencies.
DAVID SMITH, General Manager.
Edinburgh, April 1868. JOHN OGILVIE, Secretary.