Established in 1818. Incorporated by Provincial Parliament. HEAD OFFICE, MONTREAL-R. B. ANGUS, Esq., General Manager. ROBERT GILLESPIE, Esq. London Board. Sir JOHN ROSE, Bart., G.C.M.G. OFFICES: 9, BIRCHIN LANE, LOMBARD STREET, E.C. New York-C. F. SMITHERS & W. WATSON. Boston-MERCHANTS' NATIONAL BANK. Chicago Agency-BANK of MONTREAL. San Francisco-BANK of BRITISH COLUMBIA. NATIONAL MERCANTILE BANK, LIMITED. ESTABLISHED 1867. Authorised Capital, £500,000, in 10,000 Shares of £50 each. HEAD OFFICES-16 & 17, RUSSELL ST., COVENT GARDEN, LONDON. BRANCHES-36, Park Square, LEEDS. Advances daily made in any part of England or Wales, on Personal Security, Deeds, Life Policies, or upon Mortgage of Furniture, Stock, Plant, Crops, and Farm Produce, without removal. No Sureties required. The Bank having a large amount of Capital at command, no good application is refused. Apply personally at the Head Offices or any of its Branches, or state amount required, when Prospectus and Balance Sheet will be forwarded. Incorporated by Royal Charter, A.D. 1855, and Registered under the Companies Act, 1862, SUBSCRIBED CAPITAL (60,000 Shares of £20 each), £1,200,000. HENRY JOHN ATKINSON, Esq. SAMUEL JOSHUA, Esq. DIRECTORS. JOHN JONES, Esq., Chairman. WILLIAM MCARTHUR, Esq., Ald., M.P. JOAQUIN de MANCHA, Esq. HEAD OFFICE (CORNER OF FINCH LANE) THREADNEEDLE STREET. CURRENT ACCOUNTS are kept in conformity with the practice of London Bankers. In cases where a remunerative Balance is not maintained, a Charge for Commission is made. Parties keeping Current Accounts have the facility of having approved Bills discounted-of obtaining Loans upon negociable Securities-of depositing Bills, Coupons, &c., for collection-and of lodging with the Bank Deeds and other valuable property in the Fireproof Strong-Rooms for safe custody. DEPOSIT ACCOUNTS-Money, in amounts of £10 and upwards, is received from the public generally, subject to 7 days' notice of withdrawal, and Interest is allowed thereon at the current rate of the day; the Bank notifying any change in the Rate of Interest by Advertisement in one or more of the leading London Newspapers. If the money be withdrawn within a fortnight, no Interest is allowed. Persons having Current Accounts can transfer any portion of their Credit Balance to Deposit Account. The AGENCY of COUNTRY ard FOREIGN BANKS, whether Joint Stock or Private, is undertaken by the Bank. LETTERS of CREDIT, payable at any of the chief Commercial Towns and Cities of the World are granted; also Mercantile and Marginal Credits. CIRCULAR NOTES are issued by the Bank, addressed to all, and payable at any, of the places on the Continent where the Bank has an appointed Correspondent. DIVIDENDS, &c., on Government and other Stocks, Annuities, Pensions, &c., are received for customers of the Bank without charge; the Purchase and Sale of Stocks, Shares, and Securities are also undertaken; and every description of Banking business is transacted. The Officers and Clerks of the Bank are pledged not to disclose the transactions of any of its Customers. BANK OF AUSTRALASIA, (Incorporated by Royal Charter, 1835) 4, THREADNEEDLE STREET, LONDON. BRANCH ESTABLISHMENTS: Maitland (West). Letters of Credit and Bills of Exchange are granted upon any of the foregoing establishments of the Bank. Bills drawn upon Australia and New Zealand are negociated. Bills are also sent for collection, and Banking business of every description is transacted with the Colonies. JOHN BADCOCK, Secretary. BRITISH AND FOREIGN LIFE AND FIRE ASSURANCE COMPANY, Bartholomew Lane, London, E.C. WEST-END BRANCH, 1, Great George Street, Westminster. LIFE DEPARTMENT. In a Life Assurance Contract, Security should be the paramount consideration, and next to Security in importance are the terms and Conditions on which a Policy of Assurance may be obtained. The conditions of the Alliance have been revised and placed on a footing eminently favourable to the Assured, and the rates of Premium for Policies which do not participate in profits have been materially reduced. Assurances may thus be effected with the Office free from many restrictions which usually attach to Life Policies, and at a minimum cost in Premium; while the Security afforded by the large Capital and Reserves of the Company is of the highest character. Participating policy-holders receive 80 per cent. of the declared divisible profit from all Life Assurances. Important concessions have been made to the assured as regards Foreign Residence and Travel. Under favourable circumstances Whole-world Policies are granted free of extra Premium. The following are specimens of the Reduced Premiums for Non-participating Policies for the whole of life : £ s. d. 30 £ s. d. 2 16 4% per annum for life aged 40 next birthday. 4 20% 50 1 12 7% per annum for life aged 20 next birthday. 2 18% Premiums for Policies payable during the life-time of the Assured, and for other classes of Nonparticipating Policies, are equally favourable. The Company have Branch Offices at Edinburgh, Liverpool, Manchester, Sheffield, Birmingham, Ipswich, Bury St. Edmunds, Newcastle-on-Tyne, and Wrexham (Fire Branch only). Life and Fire Proposal Forms, detailed Prospectuses and Statements of Accounts, may be had on application to the Head Office of the Company, or to any of the Branch Offices. The Directors are open to entertain applications for Agencies from parties who are in a position to introduce business of a high class. Loans are granted on the Security of Life Interests, Freehold Property, Rent Charges, and County and Borough Rates. ROBERT LEWIS, Secretary. Existing Assurances. Share Capital, fully subscribed. £220,000 1,682,695 1,000,000 and Bonus Paid.................. 3,008,000 SECURITY.-Higher reserves against policy liabilities are maintained by the Institute of Actuaries' Tables of Mortality, which are employed by this Society, than by any other in recognized use. (See Government Schedules.) BONUS.-Nine-tenths of the total Profits divisible every Five Years amongst the Assured. The recent division averaged £84 per 1,000 policy. Parliamentary Accounts, Bonus Report, Proposal Forms, and full information will be forwarded on application to E. A. NEWTON, Actuary and Manager. BRITISH EMPIRE MUTUAL LIFE ASSURANCE COMPANY. Solicitors-Messrs. WATSON, SONS, & ROOM. Physician-E. H. GREENHOw, M.D., F.R.S. Surgeon-JOHN MANN, Esq. Actuary-J. MARTIN, F.I.A. Superintendent of Agents-MATTHEW R. Sutton. This Company being established on the Mutual Principle, all the profits belong to the Members. Every third year a careful Valuation of the Assets and Liabilities is made, and at each Valuation large Bonuses have been declared. The next division of profits, viz., the tenth, will be declared in 1879. It has Policies now in force assuring a sum exceeding Three Millions and a Quarter Sterling. It has an Annual Income of more than One Hundred and Thirty-two Thousand Pounds. It has an Accumulated Fund, arising solely from Premiums, exceeding Six Hundred and Eighty-two Thousand Pounds. It has paid in Claims upwards of Seven Hundred and Ninety-five Thousand Pounds. Loans on Churches, Chapels, School Buildings, &c., advanced at Four-and-a-half per cent interest. Loans on Personal Security in connection with Life Assurance. Prospectuses and copies of the last Report and Balance Sheet, and all needful information, can be obtained on application to any of the Agents of the Company, or to EDWIN BOWLEY, Secretary. 4, Queen Street Place, E.C. CAPITAL-A QUARTER OF A MILLION STERLING. TWENTY-THIRD ANNUAL REPORT (MAY, 1878). Average Reversionary Bonus: One-and-a-Quarter per Cent. per Annum. THE FOUNDED 1805. CALEDONIAN INSURANCE COMPANY. LIFE DEPARTMENT.-Although the Premiums charged by this Company are strictly moderate, the Bonus additions recently declared were at the high rate of £1 75. 6d. per cent. per annum on the sum assured. The Funds in this department are kept strictly separate from those in the Fire department, and are invested for the sole benefit of the Life Policy-holders and Annuitants. The reserves are on an unusually ample scale, their total amount being considerably in excess of the sum required by a net premium valuation at 3 per cent. interest by the Actuaries Hm. Table. FIRE DEPARTMENT.-The reserves in this department are on the very highest scale, affording unsurpassed security to the insured. As showing the increasing favour with which this Company is regarded, it is worthy of notice that the New Life Assurances for the year ending 14th May, 1878, amounted to £281,200, as against £112,913 in 1872, while the Fire business has been nearly doubled in amount during the last three years. Head Office-19, George Street, Edinburgh. London Offices-39, Lothbury, E.C., and 9, Craig's Court, S.W. J. A. CUNNINGHAME, Secretary in London. THE CLERGY MUTUAL ASSURANCE SOCIETY. ESTABLISHED IN 1829. Office:-1 & 2, BROAD SANCTUARY, WESTMINSTER. Patrons-His Grace the ARCHBISHOP of CANTERBURY. His Grace the ARCHBISHOP of YORK. Vice-President-CHARLES SUMNER, Esq., M.A. Trustees-His Grace the ARCHBISHOP of CANTERBURY. His Grace the ARCHBISHOP of DUBLIN. Consulting Actuary-FREDERICK HENDRIKS, Esq. TOTAL FUNDS, £2,497,637. Physician-DR. STONE, 14, Dean's Yard. Secretary-MATTHEW HODGSON, Esq. TOTAL ANNUAL INCOME, £298,345. NO AGENTS EMPLOYED, AND NO COMMISSION PAID. REDUCED PREMIUMS.-Assurances may be effected upon payment of four-fifths of the rates chargeable according to the Society's Table, subject to certain conditions fully set forth and explained in the Prospectus. CLAIMS. The total amount of Claims paid upon death from the commencement of the Society to 1st June, 1878, was £1,607,860. BONUS.-The whole available Bonus is the sole property of Life Assurers; no part whatever is taken from it to be shared amongst proprietors. At the end of every Fifth Year profits are equitably apportioned amongst existing Life Assurances. By means of Bonus, many of the earlier Life Assurances have been relieved altogether from the payment of Annual Premiums, and Additions in almost every case have been made to the sums Assured. £343,140 was divided amongst Life Assurances at the declaration of Bonus on 1st June, 1876. Next Bonus due 1st June, 1881. Assurers have the privilege, at the timfe of making an Assurance, of selecting the mode in which the Bonus, whenever due, shall be applied, viz.—in an immediate Cash payment, or to the Reduction of the Annual Premium, or to the Increase of the Capital sum assured. Assurances may be effected on LIVES, SURVIVORSHIPS, &c., &c., as stated in the Society's Prospectus, to any amount not exceeding £7,500. This Society is strictly confined to the Clergy of the Church of England and of the Episcopal Church of Scotland, their Wives and Families, and the near relations of themselves and Wives. Prospectuses, Bonus Accounts, Forms of Proposal, &c. may be had at the Offices, 1 & 2, Broad Sanctuary, Westminster, on personal application, or by letter. |