Scotland > 1862, 1868, 1872, 1882-1885, 1893-1896, 1901-1904 - County directory of Scotland > 1882-1885

NORTH BRITISH AND MERCANTILE
INSURANCE COMPANY.
EST A B L I S H E D 1 8 O 9.
RESOURCES OF THE COMPANY AS AT 31ST DECEMBER 1881.
I. SUBSCRIBED CAPITAL—
Paid-up £500,000
Uncalled . 1,500,000
~£2,000,000
II. FIRE FUND—
Reserve £844,577
Premium Reserve ....... 319,551
Balance of Profit and Loss Account .... 54,367
£1,218,495
III. LIFE FUND—
Accumulated Fund of the Life Branch . . . £3,112,590
,, ,, Annuity Branch . . 395,515
£3,508,105
REVENUE FOR THE YEAR 1881.
From the Life Department.
Life Premiums and Interest . .... £162,824
Annuity Premiums (including £68,777 by single pay-
ment) and Interest . .... 84,655
. £547,479
From the Fire Department.
Nett Premiums and Interest 1,024,384
£1,571,863
LIFE DEPARTMENT.
I.— Life Assurance Branch.
mHE large proportion of NINE-TENTHS of the PROFITS is divided among the Policy-
J_ holders on the Participating Scale every five years, and is allocated not only on the sums
assured, but also on the previous additions.
The last Division of Profits was made as at 31st December 1880, when there was declared a
Bonus of £i, js. 6d., per cent, per annum.
If taken as a percentage on the original sums in the Policies, this Bonus is equivalent to an
addition of from £2, us. 4d. per cent, per annum on the oldest Policies, to £1, 7s. 6d. per
cent, on those for the first time entitled to participate.
II.— Annuity Branch.
ANNUITIES, Immediate, Contingent, or Deferred, are granted on favourable terms
FIRE DEPARTMENT.
The Company INSURES against FIRE almost every description of Property, at Home
or Abroad, at the lowest rates of Premium corresponding to the Risk.
The Policies of this Corporation now extend to cover Damage by Lightning to the
Property insured, whether it is set on fire or not.
Every Information may be had at the Chief Offices, Branches, or Agencies.
CHIEF OFFICES:
Edinburgh, ... 64 Princes Street,
london, .... 61 threadneedle street.
Do. (West End Branch Office), 8 WATERLOO PLACE, PALL MALL.
Mail 1882.
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