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

MUTUAL ASSURANCE WITH MODERATE PREMIUMS.
Scottish Provident Institution.
ESTABLISHED 183 7.
TRUSTEES.
Sir Alexander Matheson, Bart., of
Ardross, M.P.
Charles Cowan, Esq., of Logan House,
Westerlea, Edinburgh
Eight Hon. Lord Watson of Thankerton.
A. H. Leslie Melville, Esq., Banker,
Lincoln.
James A. Campbell, Esq., of Stracathro,
LL.D., M.P.
DIREC
William Ferguson, Esq. of Kinmundy.
Norman Macpherson, Esq., Professor
of Scots Law.
Thomas Nelson, Esq., Publisher, Edinburgh.
George M. Tytler, Esq., Secretary, Bank
of Scotland.
Stair Agnew, Esq., Eegistrar-General for
Scotland.
Charles J. Pearson, Esq., Advocate.
Sir William Johnston of Kirkhill.
the
TORS.
P. Guthrie Tait, Esq., Professor of
Natural Philosophy.
George M. Paul, Esq., W.S.
Edmund Baxtee, Esq., Auditor of
Court of Session.
John Weir, Esq., Merchant.
Charles J. Guthrie, Esq., Advocate.
Sir Alex. Kinloch of Gilmerton, Bart.
Fras. Brown Douglas, Esq., Moray Place.
Findlay B. Anderson, Esq., C.A.
I
N THIS SOCIETY alone are combined the advantages of
• Mutual Assurance with Moderate Premiums.
A Policy for £1200 to £1250 may, at most ages, be bad for the premium generally
charged, with profits, for £1000 ; while under the equitable system of division large additions
may be expected to the Policies of those who participate.
The WHOLE PROFITS go to the Policyholders, on a system at once safe and
equitable, — no share being given to those by whose early death there is a loss.
The Fifth Septennial Investigation showed a SURPLUS of £624,473, which, after
reserving one-third (£208,158) for future division, was divided among 6662 Policies
entitled to participate. Policies of £1000 sharing a first time were increased to sums
varying from £1180 to £1300 or more. Other Policies were raised to £1400, £1500,
and upwards. A few of the early Policies have been doubled.
Examples of Annual Premiums for £100 at death— With Profits.
AGE NEXT BIRTHDAY:
25 30
35
40
45
50
Payable during Life,
Limited to 21 payments,
£1 18 1 £2 1 6
2 12 6 1 2 15 4
£2 6 10
3 2
£2 14 9
3 7 5
£3 5 9
3 17 6
£4 17
4 12 1
Extracts from REPORT of Business 1881.
New Assurances effected . £1,063,109
Total Receipts in year were . . £579,032
Realized Funds at close of year . . £4,201,930
The Increase during the year being £288,678.
The Accumulated Fund has increased in the last nine years by upwards of Two Millions ;
and it may be noted that of a hundred Offices not more than four in the Kingdom (all of much longer
standing) have as large a Fund.
Reports with Statement o/ Principles may be had on application.
JAMES WATSON, Manager.
Edinburgh, May 1882.
IV