Scoitish Provident 
nstiiution 
INSTITUTED 
1837. 
INCORPORATED 
18428 
FIFTY-EIGHTH 
ANNUAL REPORT 
NEW ASSURANCES 
£1,61 3,200. 
PREMIUMS 
£676,850. 
TOTAL INCOME 
41,052,900. 
CLAIMS 
£478,050. 
THE FUNDS 
AT 31ST DEC. 1895 WERE 
49:3575500. 
INCREASE IN YEAR £407,750) 
THe PREMIUMS arE SO MODERATE 
THAT, AT USUAL AGES FOR ASSURANCE, 
£1200 OR £1250 MAY BE SECURED FROM 
THE FIRST FOR THE YEARLY PAYMENT 
WHICH IN MOST OFFICES WOULD BE 
CHARGED (WITH PROFITS) FOR £1000 ONLY, 
—EQUIVALENT TO AN IMMEDIATE AND 
CERTAIN BONUS OF 20 TO 25 PER CENT. 
THE WHOLE SURPLUS GOES TO THE POLICY- 
HOLDERS ON A SYSTEM AT ONCE SAFE AND EQUITABLE 
—NO SHARE GOING TO THOSE BY WHOSE EARLY 
DEATH THERE IS A LOSS TO THE COMMON FUND. 
THE SURPLUS AT LAST SEPTENNIAL INVESTIGA- 
TION (1894) AMOUNTED TO £1,423,000, AND, 
AFTER RESERVING £391,800 FOR FUTURE AC- 
CUMULATION AND DIVISION, WAS DIVIDED AMONG 
13,220 POLICIES ENTITLED TO PARTICIPATE. 
MORE THAN ONE HALF OF THE MEMBERS WHO 
DIED WERE ENTITLED TO BONUSES WHICH, NOT- 
WITHSTANDING THE LOW PREMIUMS, WERE ON AN 
AVERAGE EQUAL TO AN ADDITION OF ABOUT 
50 PER CENT TO POLICIES WHICH PARTICIPATED, 
THE ARRANGEMENTS AS TO SURRENDER, NON-FORFEITURE, FREE 
RESIDENCE, LOANS ON _ POLICIES, 
IMMEDIATE PAYMENT OF 
CLAIMS, AND ALL OTHER POINTS OF PRACTICE, ARE CONCEIVED 
ENTIRELY FOR THE BENEFIT OF THE MEMBERS, THERE BEING 
NO OPPOSING INTERESTS IN A MUTUAL SOCIETY. 
HEAD OFFICE: 6 ST, ANDREW SQUARE, EDINBURGH 
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