THE SCOTTISH REVIEW. No. 4. SEPTEMBER, 1883. ALEX. GARDNER, PAISLEY, AND 12 PATERNOSTER ROW, LONDON. AUSTRALIA: GEORGE ROBERTSON. BERLIN: Messrs. A. ASHER & Co. BOSTON WILLIAMS & Co. CAPE TOWN: J. C. JUTA, AND DARTER BROS. & WALTON. CALCUTTA THACKER, SPINK, & Co. LEIPZIG A. TWIETMEYER. C. KLINCKSIECK, AND UNITED STATES AND CANADA: THE BIRMINGHAM-95 Colmore Row. DUNDEE-6 Panmure Street. OW-29 St. Vincent Place. ABERDEEN-245 Umon MUTUAL ASSURANCE WITH MODERATE PREMIUMS. Scottish Providen THE following are the Results reported for the Year 1882 New Assurances, £1,031,965, with £40,402 of Premiums, of Net Premiums received, £423,724.—Total Income, £601,072. EARLY PAYMENT OF CLAIMS. A RESOLUTION WAS SUBMITTED, PROVIDING FOR PAYMENT OF C MR. FERGUSON OF KINMUNDY, in moving the adoption of the Report, said THE REPORT just read is probably one of a hundred Offices in the kingdom not 1 the most satisfactory ever presented to you. That four (all of much longer standing) have in an ordinary year, without the stimulus of fund." This was given with the caut: a wi an approaching division of profits, or any other we have always wished should characterise specialty to influence business, the large sum of statements. I am now in a position to tate f One Million and Thirty Thousand Pounds of New not more than two Offices are possessed Pa Assurances should have been effected, is a matter which, as do ours, exceed Four an for mutual congratulation. The business, more- Millions of Pounds. These two are a over, has been of a safe and genuine character, Scottish Offices. Their names will, no inh being entirely a Home Business, and not inflated once occur to you. And without wing by large sums on one life, requiring to be reassured appear unduly to magnify our own Instituthe in other Offices; and it has been obtained at an may just add that it is now possessed fa exceptionally low cost, as I shall afterwards show. larger Accumulated Fund than either of them) Another feature worthy of note is the moderate at the same stage of their history. ratio of Claims to the Annual Income. These Such are the salient points in the s Claims were in all £235,213, against an income history of the last year. They tell of of £601,072, evidently a very low proportion. and they point to progress. The increase This statement leads up to a third, and that the business is not purchased at the exper most gratifying feature of the Report, namely, that security. As the one extends the other r the Realised Funds of the Institution have been in- up. The million of New Assurances is ba creased in the year by the large sum of £307,797,-up by an increase of £307,000 to the their amount at the close of 1882 being £4,509,728, and thus extension and financial streng against subsisting Assurances of £15,350,000. hand in hand. This, I need not say, is a very high proportion, particularly for an Office in which, from the low average age of the members, the premiums will continue to be drawn for a lengthened period. It was stated in last year's Report that "the Accumulated Fund has increased in the last nine years by upwards of Two Millions," and that "of He then referred to the cost of ma which is greatly under any Office doing & la Mr. JOHN COWAN, Beeslack, seconded the motion; which, with the Resolution for THE ADVANTAGES which this Institution offers to Assurers are:- HEAD OFFICE: 6 ST. ANDREW SQUARE, EDINBURGE LAW LIFE ASSURANCE ASSOCIATION, 120 PRINCES STREET, EDINBURGH. ESTABLISHED 1839-CAPITAL, ONE MILLION. Trustees. The Right Honourable the EARL OF GLASGOW, Lord Clerk Register of Scotland. The Right Honourable LORD MONCREIFF of Tulliebole, Lord Justice-Clerk of Scotland. The Honourable Lord ADAM. The Honourable Mr Justice FIELD. EDWARD KENT KARSLAKE, Esq., Q.C. Sir HARDINGE STANLEY GIFFARD, Q. C., M.P. Directors in ANDREW BEATSON BELL, Esq., Advocate. ENEAS J. G. MACKAY, Esq. LL.D., Advocate. Edinburgh. FLETCHER NORTON MENZIES, Esq. of Menzies. Solicitors- Messrs. HOPE, MANN, & KIRK, W.S. Physician-R. J. BLAIR CUNNYNGHAME, Esq., M.D. Secretary-WALTER A. SMITH, Esq. Manager-WILLIAM SMITH, Esq., LL.D., F.I.A. HIS ASSOCIATION presents the benefits of LIFE ASSURANCE in a variety of forms adapted to the circumstances and requirements of all classes, at RATES of PREMIUM which will bear favourable comparison with those of any other Company affording similar advantages. It also furnishes PROVISIONS FOR OLD AGE in the shape of ENDOWMENT-ASSURANCES, payable to the Assured themselves on the attainment of Specified Ages, or to their Representatives at death, should that happen sooner. NON-FORFEITURE POLICIES. Under the NON-FORFEITURE SYSTEM, premiums are payable for a limited number of years only, and each payment (after a fifth of the whole number has been made) secures absolutely a proportionate part of the Sum Assured. Policy-holders can thus, if they find it expedient, discontinue the payment of premiums without losing any of the benefits for which they may have already paid. IMMEDIATE PARTICIPATION IN PROFITS. The PROFITS are ascertained and divided every Five Years,-NINE-TENTHS (NINETY PER CENT.) being appropriated to the Assured, and each Policy-holder having an equitable share allotted to him, however recent his Assurance. At the Seven successive Periodical Investigations, which took place in 1846, 1853, 1860, 1865, 1870, 1875, and 1880, REVERSIONARY BONUS ADDITIONS, at rates which have never been less than one pound ten shillings per cent. PER ANNUM, were made to the Sums Assured by all Participating Policies effected for the whole term of life. Thus a Policy for £1000 opened in 1840 now amounts to £1650. The EIGHTH QUINQUENNIAL INVESTIGATION and DIVISION of PROFITS will take place at Christmas, 1885. SUBSISTING ASSURANCES, £4,350,000 CLAIMS PAID, INVESTED FUNDS, £2,000,000 £1,300,000 REVERSIONARY BONUS DECLARED, 193,000 LOANS are granted, in connection with Life Assurance, on LIFE INTERESTS, REVERSIONS, PERSONAL, and other approved securities. OFFICES:- EDINBURGH: 120 PRINCES STREET. WILLIAM SMITH, Manager. PUBLISHED BY WILLIAM PATERSON, EDINBURGH. DRYDEN'S COMPLETE WORKS. Edited by SIR WALTER SCOTT. Revised by GEO. SAINTSBURY. (Vols. I. to IV. ready). 8vo, cloth, do., Published Price. £ s. D. per vol., 0 10 6 1 1 0 Do. per vol., 0 10 6 2 2 0 HALKETT AND LAING'S DICTIONARY OF ANONYMOUS MOLIERE'S DRAMATIC WORKS. Etchings, 6 vols., demy 8vo, cl., SCOTT (Rev. Dr. HEW) FASTI ECCLESIÆ SCOTICANÆ. vols., 4to, cloth, SHAKESPEARE. Etchings, 8 vols., cr. 8vo, cloth extra, (also proof copies.) STODART'S SCOTTISH ARMS. cloth extra, WORDSWORTH'S COMPLETE WORKS. Etchings, Vols. I. to IV. Detailed Catalogue of the above and other publications may be had on application to any Bookseller, or to W. PATERSON, 67 PRINCES STREET, EDINBURGH. Catalogue of Extensive Collection of Second-hand Books at |