Towns > Edinburgh > 1832-1838 - Gray's annual directory > 1833-1834

PART FIFTH. lxxxiii
SCOTTISH WIDOWS' FUND AND LIFE ASSURANCE.
FOUNDED A. D. 1815, ON THE MODEL OF THE
EQUITABLE LIFE ASSURANCE, LONDON.
SECURING THE WHOLE PROFITS TO THE ASSURED.
Head Office— EDINBURGH, No. 5, St ANDREW SQUARE.
GLASGOW, NO. 57, MILLER STREET.
President The Right Hon. the Earl of ROSEBERY.
VICE-PRESIDENTS.
The Hon. Lord Moncreiff.
The Right Hon. Charles Hope, Lord President of
the Court of Session.
Thomas Francis Kennedy, Esq. of Dunure, M.P.
Sir Francis Walker Drummond, Bart of Haw.
thornden.
TRUSTEES.
Sir James Gibson-Craig of Riccarton, Bart.
Wm. Scott Moncrieff, Esq. of Kirkton.
Patrick Cockburn, Esq. accountant, Edinburgh.
EXTRAORDINARY DIRECTORS.
William Mitchell, Esq. of Parson's Green.
James Balfour, Esq. of Pilrig.
Horatius Cannan, Esq. W. S.
John Gardiner Kinnear, Esq. banker, Edinburgh
Theodore Walrond, Esq. merchant, Glasgow
Alexander Pringle, Esq. of Whytbank, M.P.
Robert Hope Moncrieff, Esq. writer, Perth
John Anderson, Esq. Leith Walk
Mark Sprott, Esq. of Garnkirk
Patrick Robertson, Esq. advocate
James Tytler, Esq. of Woodhouselee
John Shank More, Esq. advocate
Sir Thomas Dick Lauder, of Fountainhall, Bart.
William Connal, Esq. merchant, Glasgow
The Very Rev. Principal Macfarlan, Glasgow
Robert Scott Moncrieff, Esq. advocate
Robert Paul, Esq. Secretary Commercial Bank
Rev. Dr Robert Gordon
Sir Thomas Mackdougall Brisbane, K.C.B.
Hon. Charles Hope, advocate
William Cowan, Esq. banker, Ayr
Dr Abercrombie, Edinburgh
ORDINARY DIRECTORS.
Robert Coldstream, Esq. merchant, Leith
Daniel Fisher, Esq. S.S.C.
Adam Wilson, Esq. D.C.S.
James Balfour, Esq. of Pilrig
William Mitchell, Esq. of Parson's Green
Henry David Hill, Esq. W.S.
Thomas Beveridge, Esq. D. C. S.
James Thomson Gibson-Craig, Esq. W. S.
George Bell, Esq. merchant, Leith
James Saunders Robertson, Esq. W. S.
John Glassford Hopkirk, Esq. W.S.
James Patison, Esq. merchant, Edinburgh
James Reid, Esq. Exchequer
William Burn, Esq. architect, Edinburgh
Robert Gray, Esq. merchant, Edinburgh
Andrew Clephane, Esq. advocate
The Large Accumulated Capital and Annual Revenue of this Institution, (which, as a Life Assu-
rance Association, is the oldest and most extensive in point of business in Scotland,) enables the
Directors to offer to the Public the full advantages arising from the principle of its Constitution,
combined with the utmost measure of security.
The great value of the principle of mutual contributionship, or, as it is generally termed, mutual
assurance, on which this Society is founded, is now well known. By the operation of this principle,
taken in connection with the careful selection of lives, and an economical management of the Society s
business, it is evident that the advantages of Life Assurance are secured to their utmost possible extent.
Indeed, they only require to be known and understood to be fully appreciated ; and so rapid accordingly
has been the growth of this Society, that, during the last fourteen years, the annual revenue has
increased from £2300 to Sixty-Five Thousand Pounds Sterling per annum, and the accumulated
Fund from £3000 to Three Hundred and Twenty Thousand Pounds Sterling ; and both are
in a state of steady and rapid increase. . .
The President, Vice-Presidents, Trustees, and Directors, are all personally interested in the Society,
and must, in terms of the articles of Constitution, be members of more than three years' standing.
The last periodical investigation of the Society's affairs took place at 31st December, 1831, when
large additions by way of Bonus were declared to the Assurances entitled thereto. In order to shew the
value of the additions made out of the Surplus Fund, the following particulars are given of the claim
arising under a policy opened in 1819, if emerging in the current year by the death of the party assured :
Sum originally assured, .....•• ^no °a n
Vested additions up to 31st December, 1831, . . • • • 392 o U
£1392 6
Contingent prospective additions applying to the annual premiums paid for 1832 Sc 1833, 41 15 4
Total sum payable ..... £1434 1 4
At the next periodical investigation, the additions then declared will become immediately vested and
absolute, on all Assurances entitled to such participation, effected during the current year.
The ordinary Court of Directors meet weekly for the purpose of receiving and deciding on applica-
tions for Assurance, which are now granted to the extent of £5000, on approved single or joint lives.
Tables of rates of Premium, and every necessary information, will be readily communicated on
application at the Society's office. ■ ■ _ T
Edinburgh, 5, St Andrew Square, June, 1833. JOHN M'KEAN, Manager.