Annual distribution of Bonuses.
The Funds of the Society are employed in granting Loans to Members on approved Personal or other Security.
Members are entitled to deduct the Premiums paid to this Society in making their returns for Income Tax.
SPECIAL NOTICE.—Policies effected on the participating Scale before the 31st of December next, will be entitled to a Bonus, to be declared after the close of the present year, when a valuation of the Society’s assets and liabilities will be made. Extract from Directors’ Report of September 6, 1855:—“The Deed of Constitution enacts that, at the close of the year 1856, a valuation of the assets and liabilities of the Society shall be made, with a view to determine the amount of BONUS to be awarded to the Proprietors and Policy-holders; and if the same favourable rate of mortality continues to prevail, the result of this investigation cannot fail to be of the most highly satisfactory character.”—January 1, 1856.
FIRE COMPANY: Capital, £250,000 Sterling.
Fully Subscribed by a Numerous, Influential, and Wealthy Proprietary.
THE FOLLOWING ARE AMONG THE MOST PROMINENT FEATURES OF THIS OFFICE.
I. Instead of making a small return to the Insurers at intervals of Five or Seven Years, this Company will return ANNUALLY FIFTY PER CENT. of the PROFITS, the advantage of which is felt as the renewal Premiums become due, virtually making a large reduction from future Payments.
II. No charge for Policies when the sum insured amounts to £300.
III. Persons Insuring in this Office for Seven Years, by a Single Payment, are charged Premium for Six Years only.
IV. Insurances Transferred from other Offices, without any expense, trouble, or inconvenience.