d NORTH BRITISH & MERCANTILE INSURANCE COMPANY ESTABLISHED 1809 FIRE. LIFE. ANNUITIES. TOTAL FUNDS THE £7,315,542 `HE FUNDS of the Life Department are not liable for Obligations under the Fire Department nor the Funds of the Fire Department for Obligations under the Life Department. In this Company, therefore, the Investments for the Life Department are kept entirely separate from those for the Fire Department, as set forth in the Balance-Sheet. RESOURCES OF THE COMPANY as at 31st Dec. 1888, I. CAPITAL. RESERVES (including Balance of Profit and Loss Account) 2,017,544 III. LIFE FUND. ACCUMULATED FUND (Life Branch) £3,873,086 4,672,998 £7,315,542 REVENUE FOR THE YEAR 1888. From the LIFE Department. NET LIFE PREMIUMS, INTEREST, ETC. ANNUITY PREMIUMS (including £164,615:12:2 by single payment) and interest. From the FIRE Department. £512,505 195,160 £707,665 Prospectuses and all information may be had at the Chief Offices, Branches, or Agencies. Chief Offices { EDINBURGH, 64 PRINCES STREET. LONDON, 61 THREADNEEDLE STREET, E.C. IMPORTANT FEATURES IN THE LIFE DEPARTMENT. Claims paid immediately 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.' Policy not forfeited by error in Proposal papers unless accompanied by fraud. General freedom of Policies from restriction in residence, occupation, and travel. THE ATTENTION of intending Assurers is invited to the various Schemes of this Office : 1. Assurance by Yearly, Half-Yearly, or Quarterly Payments during the whole period of life. This scheme is for those who are able now, and who anticipate that they will continue to be able to pay during life the ordinary Premium. 2. Assurance if death shall occur within any given period. This scheme is for those who desire to provide, at as low a rate as possible, for the contingency of death within a given period. 3. Half-Premium System. Under this Table the Premiums for the first five years are about one-half of those payable under Scheme I., while those for the remainder of life are slightly higher. The advantages of this Scheme are, that the Assured gets all the benefit of taking out a Policy in early life, while health is unimpaired, at a low rate, and so escapes the weight of heavy Premiums during that period when he may be least able to pay them. It is to be noted specially that in this Company, to Policies issued on the With Profit Scale, Bonus is allocated in the first five years and vests if the Policy is kept in force for that period. 4. Terminable Premiums. By this Scheme the Sum Assured is payable at death, but payment of the Premium ceases in 10, 15, 20, or 25 years, or such other period as the Assured may prefer. It is to be noted that to a Policy effected on the With Profit Scale under this Scheme, Bonuses are allocated, not only during the period in which premiums are payable, but throughout the whole currency of the Policy. This Scheme is for those who, in the active years of life, are able to pay a large premium, whereby they escape all burden in the later years of life. A Policy effected under it possesses special Non-Forfeitable advantages, for if at any time after payment of the Premium for the second year the Policy is sent to the Office for endorsement, it may without further payment remain in force for such a proportion of the sum assured as the number of Premiums paid bears to the number originally payable. The Attention of intending Assurers is specially invited to this Scheme. 5. Endowment Assurance System. Policies effected on this system are payable to the Assured himself at the end of such number of years as may be agreed on, should he be then alive, or to his heirs at his death, if that occur at an earlier date. The Assured, who receives the proceeds of the Policy, can invest the amount; and instead of paying an Annual Premium to the end of life, as he would require to do under an ordinary Policy, he may, after the Policy matures, receive the annual interest of an investment. The Policy thus becomes a provision for the Assured himself in his old age, and should he have no near relatives to whom the capital may be left, he may expend it in the purchase of an Annuity, which this Company will grant on exceptionally favourable terms. 6. Annual Premiums for Assurance on Two Joint Lives-the money to be payable at the death of the first that fails. This Scheme is useful for partners in trade, and it also provides for the case of those who may be able to afford mutual support during Life—the income of the survivor, however, being insufficient for himself alone. The Company grants Assurances on the lives of persons Abroad, or about to proceed Abroad, at Moderate Rates. Separate Tables have been prepared for residents in India and China, and these form a special feature in the Company's Business. The Company also provides Endowments for Children, payable on the attainment of a specified age. These may be effected by single or annual Premiums. An Intermediate Bonus (calculated on the sum insured and existing Bonuses), from the date of the last Division to the date of death, is allowed in the case of participating Policies which have been five years in force and become claims by death before next Division of Profits. ANNUITY BRANCH. THE COMPANY grants Annuities to Persons of all Ages on very favourable terms: 1. Immediate Annuities, payable yearly, half-yearly, or quarterly. 2. Deferred Annuities, to commence after the expiry of any number of years; and either with or without return of Premiums in the event of death before attainment of the age selected for commencement of the Annuity. 3. Survivorship Annuities, to commence after the failure of one or more lives, and either with or without return of Premiums. FIRE DEPARTMENT THE COMPANY was established as a Fire Office in 1809. Property of nearly every description Insured, at Home or Abroad, at the lowest Rates of Premium corresponding to the risk. The Company holds itself responsible, without extra charge, for damage done by explosion of Gas in a building not forming part of any Gas Work. The Policies of the Company now extend to cover loss or damage by Lightning to the property insured, whether set on fire thereby or not. Prospectuses and all information may be had at Chief Offices, Branches, or Agencies. General Court of Directors. DAVID DAVIDSON, Esq., Chairman. EDINBURGH. J. F. WALKER DRUMMOND, Esq. SIR JAMES GARDINER BAIRD, Bart. SIR JAMES H. GIBSON-CRAIG, Bart. Manager.-A. GILLIES-SMITH, F.R.S.E. Medical Officer. Solicitors. J. & F. ANDERSON, W.S. Auditor.-JAMES HALDANE, Chartered Accountant. Chief Offices EDINBURGH, 64 PRINCES STREET. LONDON, 61 THREADNEEDLE STREET, E.C. Printed by R. & R. CLARK, Edinburgh. ADVERTISEMENTS. JAMES NISBET & CO.'S NEW BOOKS. Blown to Bits; or, The Lonely Man of Rakata. A Tale of the Malay Archipelago. By R. M. BALLANTYNE, Author of "Blue Lights," &c. With 6 Illustrations. Crown 8vo, 58. The Crew of the Water-Wagtail. A Story of Newfoundland. By R. M. BALLANTYNE. With 4 Illustrations. Crown 8vo, 3s. 6d. Laurel Crowns; or, Griselda's Aim. A Story for Brothers and Sisters. By EMMA MARSHALL. With Illustrations. Extra crown 8vo, 58. Golden Silence; or, Annals of the The Yarl's Yacht, By JESSIE M. E. &c. With Illustrations. Crown 8vo, 38. 6d. Birkett Family of Crawford-under-Wold. 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