HEAD OFFICE-6 ST. ANDREW SQUARE, EDINBURGH, LONDON OFFICE-18 KING WILLIAM STREET, E.C. RIGHT HONOURABLE EDWARD S. GORDON, M.P., Lord Advocate of Scotland. THIS SOCIETY differs in its principles from any other Office. Instead of charging rates admittedly higher than are necessary, and afterwards returning the excess, or a portion of it, in the shape of Periodical Bonuses, it gives from the first as large an Assurance as the premiums will with safety bear-reserving the Whole Surplus for those (a majority ultimately of the whole members) who live long enough to secure the Common Fund from loss. A Policy for £1,200 to £1,250 may thus in most cases be had for the premium usually charged for £1,000 only; while, by reserving the surplus, large additions may be expected on the Policies of those who live to participate. In a few cases, Policies sharing at the whole four Divisions have already been doubled. ITS TERMS are thus well calculated to meet the requirements of intending Assurers. They are specially adapted to the case of Provisions in Family Settlements, where it is of importance to secure, for the smallest present outlay, and without sacrifice of eventual additions, a Provision of definite amount, in the case of early death. The NEW ASSURANCES (entirely Home Business) effected in 1874 were 2,461 Policies, assuring (including Certificated Bonuses) £1,120,522. The REALISED FUND now exceeds £2,500,000. TESTS.At last General Meeting, Professor Macpherson, of Edinburgh University, reviewed the various Tests of the position of an Office which have been recently suggested -such as EXPENSES, relative and actual; FUNDS, their amount, and their proportion to Premium Income, and the progressive INCREASE OF THE FUNDS-showing, in regard to these, that the more fully the Institution is tested along the whole line of its operations, the more impregnable will its position be found to be.' On the last of these Tests, which may be viewed as the corollary or inference from the others, the Professor says-All I say upon the point is, that the ratio in which for several years past our Funds have increased in proportion to our Income has largely exceeded that of any other office in the kingdom.' Examples of Annual Premiums for £100 at Death-with Profits. * A Person of 30 may thus secure £1,000 at Death, by a yearly payment, DURING LIFE, of £20. 15s. OR, by TWENTY-ONE yearly payments of £27. 13s. 4d.-being thus free of payment after age 50, At age 40 the Premium, ceasing at age 60, is, for £1,000, £33. 14s. 2d., being about the same as most Offices require to be paid during the whole term of life. Full STATEMENTS of PRINCIPLES will be found in the ANNUAL REPORTS, J. MUIR LEITCH, London Secretary, JAMES WATSON, Manager. BINOCULAR OPERA, FIELD, & MARINE GLASS. The 'Panergetic' Opera, Field, and Marine Glass has been constructed to remedy the defects inseparable from even the best instruments of the usual patterns-namely, their great loss of light, and their very contracted field of view. The 'Panergetic' Binocular Glass has Object Glasses-the largest size of any practical utility for a portable instrument-and from its short focus it is smaller than other instruments of the same power. Being of the finest workmanship, and its twelve lenses having the best curves for the purpose, it has a very large field of view, and exhibits objects with remarkable brightness and sharpness. From these properties it can be effectively used out of doors of an evening, or in a mist, when ordinary instruments will show nothing at all. The Panergetic' Binocular has twelve lenses, arranged as triple achromatic object glasses and eye-pieces. The concave lenses of each combination are of extra dense flint glass, thus enabling them to be made very free from colour, although of short focus. NOTICES OF THE PRESS. 'Brings out figures with marvellous distinctness, and has a very large field of view, and so very many advantages over the other binoculars that we have seen, that we confidently award very high praise indeed.'-POPULAR SCIENCE REVIEW. 'Exhibits objects with remarkable brightness and sharpness.-THE OBSERVER. 'A wide extension of the field of view is attained, while even in misty weather objects are exhibited with wonderful clearness.'-NAVAL AND MILITARY GAZETTE. 'A very extensive field of view is obtained, and objects in the distance shown with great distinctness.'-ENGLISH CHURCHMAN. 'Panergetic' Binocular, enamelled black, and body covered with Russia leather-Small Size, with object-glasses 13 inches diameter, £4. 10s.; Medium Size, with objectglasses 14 inches diameter,, £5. 10s.; Large Size, with object-glasses 21 inches diameter, £6. 10s. In Aluminium, £8. 10s., £10. 10s.. and £12. 10s. Opera Glasses, from 10s. Field Glasses, from 25s. ILLUSTRATED JOHN CATALOGUE FREE. BROWNING, OPTICAL AND PHYSICAL INSTRUMENT MAKER 63 STRAND, W.C.; Factory-6 VINE STREET, W.C. LONDON. THE LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY. ESTABLISHED 1836. OFFICES: 1 DALE STREET, LIVERPOOL; CORNHILL, AND CHARING CROSS, LONDON. Empowered specially by Parliament. T. Brocklebank, Esq. Henry V. East, Esq. TRUSTEES OF COMPANY. J. Hubback, Esq. Sir Charles Nicholson, Bart., D.C.L. J. A. Tobin, Esq., Liverpool. TRUSTEES OF GLOBE MILLION FUND. Sir Chas. Nicholson, Bart., D.C.L. Wm. Newmarch, Esq., F.R.S. John William Robins, Esq. Captain Henry Whatley Tyler, R.E. DIRECTORS-LIVERPOOL BOARD. Deputy-Chairmen-H. B. Gilmour, Esq., and A. Castellain, Esq. Charles T. Bowring, Esq. Alfred Fletcher, Esq. Arthur P. Fletcher, Esq. H. Littledale, Esq., G. H. Loxdale, Esq. G. Melly, Esq. H. H. Nicholson, Esq. Secretary of the Company-Henry Thomson, Esq. Assistant-Secretary-J. M. Dove, Esq. Auditors-Peter S. Boult, Esq., and Isaac Kitchen, Esq. Medical Referees-J. R. W. Vose, Esq., M.D., and E. R. Bickersteth, Esq. Actuary of the Company and Resident Secretary-Aug. Hendriks, Esq. Auditor-H. H. Cannan, Esq. Medical Referees-J. R. Bennett, Esq., M.D.; A. Anderson, Esq., F.R.C.S. Bankers-The London and County Bank and Messrs. Glyn, Mills, Currie, & Co. Surveyors-E. N. Clifton, Esq., and William Thompson, Esq. Agencies are established for effecting both Fire and Life Insurances and facilitating the payment of Premiums in all parts of the world. THE ECONOMIC LIFE ASSURANCE SOCIETY, No. 6 NEW BRIDGE STREET, BLACKFRIARS, LONDON, E.C. Empowered by Act of Parliament, 3 William IV. Directors. HENRY BARNETT, ESQ., Chairman. THE RIGHT HON. E. PLEYDELL BOUVERIE, Deputy-Chairman. Physician.-WM. R. BASHAM, Esq., M.D., 17 Chester Street, Belgrave Square. ADVANTAGES OFFERED BY THE SOCIETY. The lowest rates of Premium on the Mutual System for young and middle-aged lives, with early participation in Profits. Bonus.-The Society being on the Mutual principle, the Assured share the whole of the profits, and the Bonuses are allotted on a principle which secures to each Assurer an increased share in the profits of each succeeding Division, by which those Policies which extend beyond the average duration become exceedingly valuable. The next Division will be made in 1879. Table of Annual Premiums required for an Assurance of £100 for the Whole Term of Life, with Participation in Profits. Assurances granted to the extent of £10,000 on a single life. Prospectuses, Statement of Accounts, and full particulars may be obtained on application to JOHN RALPH GRIMES, Secretary. LEGAL AND GENERAL LIFE ASSURANCE SOCIETY, 10 FLEET STREET, TEMPLE BAR. FOUNDED 1836. TRUSTEES. The Right Hon. the LORD CHANCELLOR. The Right Hon. Lord HATHERLEY. ROBERT BAYLY FOLLETT, Esq., Taxing The Right Hon. Lord COLERIDGE, Lord GEORGE BURROW GREGORY, Esq., M.P. Chief Justice, C.P. Sir THOMAS TILSON. BACON, The Hon. Sir JAMES, CHICHESTER, J. H. R., Esq. WILLIAM WILLIAMS, Esq. DIRECTORS. DART, JOSEPH HENRY, Esq. DE GEX, JOHN P., Esq., Q.C. Taxing Master in Chancery. GREGORY, G. B., Esq., M.P. For the Proprietors. AUDITORS. MILLS, RICHARD, Esq. SMITH, The Right Hon. Sir TILSON, Sir THOMAS. For the Assured. Solicitors.-Messrs. DOMVILLE, LAWRENCE, & GRAHAM. Bankers-THE LONDON JOINT STOCK BANK. Actuary and Manager.-EDWARD ALGERNON NEWTON, Esq., M.A. At the recent Bonus investigation the reserves against all liabilities were determined upon the strictest and most cautious principles known to Actuaries. The Seventeen Offices' Experience Table of Mortality was employed throughout the valuation. The liabilities were discounted at 3 per cent. only, being the rate originally assumed in determining the premiums. The value of the Net' premium only (i.e. the premium required exactly to meet the anticipated risk, on the assumption that there were no expenses and no profits) was brought into account against the corresponding liability under a policy. All excess above the net premium in the Gross' or office premium actually receivable in the future was rigidly reserved as a provision for future expenses, profits, and contingencies. The value of the protection thus afforded to Policyholders is clearly explained by the Directors' Report. The Bonus declared, after thus providing the highest known order of security, was unusually large. The Assured receive nine-tenths of the Profits. The Society has taken a leading part in freeing Assurance contracts from complication. The Policies are indisputable.' The guaranteeing Capital of One Million is held by nearly 300 Members of the Legal Profession. Loans upon Life Interests or Reversions are granted in sums of not less than £500. Explanatory Reports and Parliamentary Returns will be forwarded. |