28 APRIL 1933, Page 36

The Scottish Equitable Life Assurance Society, ..which has just completed

its quinquennium, has issued its annual and quinquennial reports. These show a total profit for the quinquennium of £1,294,134 as compared with £1,014,138 for the previous quinquennium, and the Society is now raising its bonus rate to £2 per cent. per annum on sums assured and existing bonuses for policies on the Ordinary Participation plan. For the previous quinquennium the bonus rate was 38s. per cent. per annum. Even after increasing the fund a substantial margin of surplus is left and £250,000 is set aside to form a Reserve and £131,198 is carried forward. As regards the balance-sheet, the directors state that the assets are worth substantially more than the