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296

General Accident Assurance Corporation of Scotland.

UNITED STATES BRANCH OF THE

GENERAL ACCIDENT ASSURANCE CORPORATION,

LTD., OF SCOTLAND, GREAT BRITAIN.

Commenced Business February 23, 1891.

MUIR & HOUGHTON, United States Managers. PRINCIPAL OFFICE IN U. S., FOURTH AND WALNUT STS., PHILADELPHIA,

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Amount of net ledger assets Dec. 31, 1901.....

$411,478 78

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Rec'd for premiums..$178,259 68 $201,282 26

$29,573 28 $409,115 22

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Net paid policy-holders $90,901 35 $43,445 60
Medical examiners' fees and inspections......
Legal expenses

$6,945 35 $141,292 30

3,893 86

1,291 10

Commissions or brokerage to agents, less received on re-insurance.

123,370 99

i

Disbursements-Continued.

Salaries and allowances to agents.
Rents, less $1,920 from sub-leases.
Sent to home office.

..

......

..

Taxes on premiums, $6,307.54; feés and
licenses, $1,428.88...

Advertising, $367.50; printing and stationery,
$5,240.17; furniture and fixtures, $1,142.80..
General expenses.

..

Total expenditures during the year.....

27,326 54 479 99 44,111 00

7,736 42

6,750 47

13,541 28

$369,793 95

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Unpaid claims and expenses-In process of

adjustment, $44,825.42; resisted, $2,000; ex

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GREAT EASTERN CASUALTY AND INDEMNITY
COMPANY OF NEW YORK.

Commenced Business January, 1893. Capital Stock, $125,000.

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Accident.
$227,112 81

53,535 85

$173,576 96

7,386 85

2,946 84

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Entire premiums collected during the year... Deduct re-insurance, rebate, abatement and return premiums....

Received for premiums.

Total interest.

From all other sources.

Total income during the year.

DISBURSEMENTS.

Net paid policy-holders.

Paid stockholders for interest or dividends.. Commissions or brokerage to agents, less received on re-insurance.

Salaries and allowances to agents, inspections and fees.

$65,209 97 6,250 00

58,238 69

Rents

22,601 00 1,850 00

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Premiums due and in course of collection....
Market value bonds and stocks over book value

12,758 55

9,232 08

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Aggregate of unpaid claims and expenses.....
Reserve as required by law...

$12,568 48
79,417 97

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300

Guarantee Co. of North America of Montreal, Canada.

UNITED STATES BRANCH OF THE

GUARANTEE COMPANY OF NORTH AMERICA

OF MONTREAL, CANADA.

Commenced Business in United States January 1, 1881.

EDWARD RAWLINGS, President.

ROBERT KERR, Secretary.

HOME OFFICE, 57 BEAVER HALL HILL, MONTREAL, CANADA.

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Amount of net ledger assets Dec. 31, 1901... $741,791 16
Less written to profit and loss.

INCOME.

Entire premiums collected during the year... Deduct re-insurance, rebate, abatement and return premiums...

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Net paid policy-holders
Rents, salaries, fees, taxes, advertising, etc...
Sent to home office..

...

..

Total expenditures during the year.....

5,677 42

$736,113 74

Fidelity and Surety. $197,755 93

45,269 86

$152,486 07 20,093 01

$172,579 08

Fidelity and Surety. $52,246 34 17,984 47

$34,261 87

99,760 99

ASSETS.

Book value of real estate, incumbered, $2,000.
Mortgage loans on real estate.

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45,977 19

$180,000 05

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