Scan 5
The new Edinburgh, Leith, and county (business) directory, 1867
64 lines. Read by computer on 18 September 2026. No printed page number was found. See the scan on archive.org.
1LIFE DEPARTMENT.
3The Company offers every facility for the transaction of all classes of Life Assurance business.
5The Principles on which it was founded combine the system of Mutual Assurance with the additional protection of a large Subscribed Capital, so that for the obligations which it undertakes, it is enabled to offer to Insurers the important feature of the most
7UNDOUTED SECURITY.
9The Accumulated Funds in 1867 amounted to . . . L.2,687,313
10In addition to which there was
11The Subscribed but unpaid Capital of . . . 1,750,000
12The Annual Revenue from all sources was . . . 712,417
14THE WHOLE PROFITS
15of the Life Business, with the exception of one-tenth for Guarantee, are divided amongst the Participating Policyholders
17EVERY FIVE YEARS.
19The next Division will be made as at 31st December 1870.
21PREMIUMS MODERATE,
22And framed to suit all the various contingencies connected with Life.
24NEW SPECIAL RATES FOR INDIA, CEYLON, AND CHINA.
26NEW BUSINESS IN 1867.
27Policies. 916. Sums Assured. L.821,818. Premiums Received. L.29,273 : 9 : 10.
29FIRE DEPARTMENT.
31The Company insures against Fire almost every description of property at Home and Abroad at the most moderate rates.
33Farming Stock and Crop are insured free of Duty, and losses by Lightning thereon are made good.
35PROGRESS OF BUSINESS.
37The Net Premiums for 1862 were . . . £119,591
38Do. do. 1863 " . . . 165,192
39Do. do. 1864 " . . . 219,235
40Do. do. 1865 " . . . 240,783
41Do. do. 1866 " . . . 280,543
42Do. do. 1867 " . . . 333,984
44From the last Returns made out by Government it appeared that the North British and Mercantile had paid the
46LARGEST INCREASE OF DUTY
47for year 1866, of any Company in the United Kingdom.
49Seven Years' Insurances by one payment are charged as Six only.
50No Charge made for Policies or Transfers from other Offices.
52ALL CLAIMS SETTLED PROMPTLY AND LIBERALLY.
54ANNUITY DEPARTMENT.
56Annuities of all kinds are granted, and the rates fixed on the most favourable terms.
58Prospectuses, and every information, may be obtained at any of the Company's Head Offices, Branches, or Agencies.
60David Smith, General Manager.
61John Ogilvie, Secretary.
63Edinburgh, April 1868.
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