Scorrtstr AMICA.BLE.
At the recent meeting of the Scottish Amicable Life Assur- ance Society the Chairman was able to show that the report revealed an increase of nearly £75,000 in new business figures over the returns for the previous year. Moreover, as regards the past quinquennium the result was also good, for after a very stringent valuation of assets as well as of the liabilities, with a margin of 20 per cent. of office premiums as reserve for expenses and surplus, the bonus rate is raised to 42s. 6d. per cent. per annum, with interim bonus at the same rate. The directors state that they consider the Society to be in a stronger position than ever for the maintenance of high bonuses in the future. And Insurance directors have a reputation for caution in these matters of prophecy.
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