Scotland > 1882-1915 - Slater's Royal National Commercial Directory of Scotland > 1886 - Slater's (late Pigot and Co's) Royal national commercial directory and topography of Scotland

ADVERTISEMENTS.
IS
BONUS YEAR 1885.
NORTH BRITISHlND MERCANTILE
INSUBANCE COMPANY,
ESTABLISHED 1809.
incorporated by royal charter amd acts of parliament.
Life Insurance.
NEW AND IMPORTANT FEATURES
Announced in Report of 1885.
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 world-wide from outset.
NINE-TENTHS of the whole profits oi the Life Assurance Branch belong to the Assured, one-teDth only
going to the Shareholders. This is as large a share of the profits as is allowed by any, and larger than that given
by most other Proprietary Offices.
The Profits are ascertained and divided every Five Years.
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 and Abroad, at the lowest Eates of Premium corre-
sponding to the risk.
Resources of the Company as at 31st
December, 1884.
Capital-
Authorised Capital
Subscribed Capital
Paid-up Capital
.£3,000,000
2,500,000
. 625,000
II. Fire Fund—
Eeserve £1,170,000
Premium Keserve 371,356 4 4
Balance of Profit and Loss Account 55,939 5 2
III. Life Fund-
Accumulated Fund (Life Branch.)
Do. do. Annuity „
£1,597,295 9 6
£3,458,595 18 9
... 536,066 8 6
£3,994,662 7 3
Revenue for the Year 1884,
From the Life Department.
Net Life Premiums, Interest, &c. ...
Annuity Premiums (including
£70,166 : 17 : 3 by single
payment) and Interest
From the Fire Department.
Net Premiums, Interest, &c.
£495,630 11 10
92,030 10 10
£587,561 8 8
1,201,068 11 11
£1,788,630 7
The Accumulated Funds of the Life Department are
fioe from liability in respect of the Fire Department, and
in like manner the Accumulated Funds of the Fire
Department are free from liability in respect of the Life
Department,
Chief Offices:— EDINBURGH: 64 Princes Street. LONDON: 61 Threadneedle Street, E.C-
BRANCH OFFICES.
LONDON (West End Branch)-8 WATERLOO PLACE.
ABERDEEN-103 Union Street. NORWICH-The Upper Close.
LIVERPOOL— Tithebarn Street.
MANCHESTER-5 St. Ann's Square.
NEWCASTLE-25 Mosley Street.
BRISTQL-1 Corn Street.
DUBLIN-28 College Green.
LEEDS— 20 Park Row.
BIRMINGHAM-Temple Street,
BELFAST-69 High Street.
GLASGOW-102 St. Vincent Street.