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THE SCOTTISH TEMPERANCE LIFE…

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THE SCOTTISH TEMPERANCE LIFE ASSURANCE COMPANY. WE have recieved the report of the Directors of the above company, to be submitted at the annual meeting which will be held on the ocli of March at the offices of the Company in Glasgow. The Directors report that during the year, in the Life Department, 1,367 propos- als, for £ 388,125 were considered by the Board, 1,225, for 6324,075 being accepted. Compared with the preceeding year there appears an increase of 988,366 in the new policies issued of £1,627 in new premiums, of £7,381 in the total premium income, and of £ 54,950 in the Life Assurance Fund, together with a decrease in the ratio of expenses to premium income. In the accident department, 574 new policies were issued, yielding in. new premiums £ 1,238 4s. 4d. The credit balance at the close of the year amounted to £ 5,323 19s. 4d. of which £ 1,000 has been transferred to the credit of the Fatal Accident and General Reserve Fund, increasing that fund to £ 5,000. f The directors recommend that a dividend at the rate of five per cent and a bonus at the ] rate of two and a half per cent, free of income tax, be paid to the shareholders on the 15th of March.

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