Towns > Greenock > 1847-1912 - Post-office Greenock directory > 1887-1888

NORTH BRITISH AND MERCANTILE
INSURANCE COMPANY.
Incorporated by giogal Charter anb Qcts of parliament.
ESTABLISHED 1809,
GLASGOW BOARD OF DIRECTORS.
Chairman— Sir Charles Tennant, Bart.
James Graham, Esq., Writer. I Abram Lyle, Esq., Greenock.
RoBERTGouRLAY,Esq.,BankofScotland. James L. Mitchell, Esq., Merchant.
John M. Hill, Esq., Writer. | John Inglis, Esq., Engineer.
Local Manager— -G. W. Snodgrass. Local Secretary— David L. Laidlaw.
LIFE INSURANCE.
NEW AND IMPORTANT FEATURES,
Claims paid on proof of death and title. Premiums adjusted to each half-year of age.
Minimum Surrender Values fixed, and held at Credit of Insured for five years.
Paid-up Policy of liberal amount granted in place of lapsed policy, if desired, within
six months.
Error in proposal papers not to involve forfeiture of policy unless accompanied by fraud.
Policies, in most cases, free from all restrictions as to occupation, residence, and travel.
NINE-TENTHS of the whole Profits of the Life Assurance Branch belong to
the Assured, one-tenth only going to the Shareholders.
At the last DIVISION OF PROFITS made as at 31st December, 1885,
a Bonus of £1 9s per cent, per annum upon the sums assured and previous Bonuses
was declared to Participating Policy Holders.
If taken as a percentage on the original sums in the Policies, this is equivalent to
an addition ranging from £2 17s lOd per cent, per annum, on the oldest Policies, to
£1 9s per cent, on those for the first time entitled to participate.
The total sum allocated, by way of Bonus, to Participating Policies during the
Quinquennium, which ended on 31st December, 1885, amounted to the large sum
of £396,919, 4s 3d.
ANNUITY BRANCH,
The Company grants Annuities to Persons of all Ages on very favourable terms.
FIRE DEPARTMENT.
Property of nearly all descriptions Insured, at Home or Abroad, at the Lowest Rates
of Premium corresponding to the risk.
Net Fire Premiums for 5 years to 31st December, 1885, £5,415,545 12 11
Net Fire Losses during above period, . . . 3,295,579 6 5
LOSSES SETTLED WITH PROMPTITUDE & LIBERALITY,
PROSPECTUSES AND EVERY INFORMATION MAY BE HAD AT THE
CHIEF OFFICES, BRANCHES, OR AGENCIES.
Chief Offices—
EDINBURGH -64 Princes Street L0ND0N-61 Threadneedle Street.
GLASGOW BRANCH OFFICE— 102 St. Vincent Street
J. & G. Black, Solicitors.
T. O. Hunter & Co., Merchants.
Thomas Stark, Banker.
Robertson & M'Dougall, Merchants.
J. Innes Macdougall, Solicitor.
F. G. Bruce, Banker.
Alex. Gauld, Accountant.
Agents in Greenock.
Bone & Buchanan, Accountants.
M'Neilage, Adam & Co., Merchants.
Sinclair & Co., Merchants.
Hardie & Allan, C.A.
James Agnew, 32 Crawfurd Street.
P. W. Leitch, Marine Insurance Broker.
J. M. Macfarlane & Co., Merchants,