778               QUEEN INS. COMPANY OF AMERICA.
QUEEN INSURANCE COMPANY OF AMERICA
New York City.
Jiiiiorpi;t.led S'Sepeta liber 11, 1.891; commenced business, Sepl.emHPiter
-1l, _891;
adimmitted November 11, 1891.J
Home Office, 84 WILLIAM    STREET.
President, EDWARD F. BEDDALL . Vice President, GEORGE W. BURCHELL.
Secretary, NEVETT S. BARlOW.
CAPIT kL STOCK.
Amount of capital paid up in cash .................... $1,000,000 00
Amount of ledger assets Dec. 31 of previous year ...........      $9,542,820
17
INCOME.
Marine
Fire.       and inland.
Gross premiums ........    ............. $6,055,268 36  $689,184 37
Deduct gross amount paid for reim-
surance, fire, $713,239.6i; marine and
inland, _454,6.67; return premiums
fire, $865,06S.99; marine anu inland.
$111,.328.31 ........................... 1,578,1933 06  156,492 98
Total premiums (other than per-
petual) ....                       $4,476,334 70    $532,691 39
$5,009,026 (19
Gross interest on mortgage loans.                       $2,950 00
Gross interest on bonds and dividends on stocks, less
$';',895.58 accrued interest on bonds and stocks ac-
quired during the year .338,498 48
Gross interest on deposits in trust companies and
banks ......................                          8,644 28
Gross interest from all other sources: Bills receiv-
able, etc.   ......................................        9 24
Total gross interest and rents .........I . ......................  350,102
00
Fronm agents, balances previously charged off .....   ................  
 9 83
Gross profit or value of maturity of ledger assets: Stocks .......   29,609
89
Total income .............    .................................... $5,388,747
83
Total  footings  .........   ................................ $14,931,568
  00
DISBURSEMENTS.
Marine
Fire.       and inland.
Gross amount paid policyholders for
losses (including $340,294.45 occur-
ring in previous years) ............. $2,724,341 45  $253,615 37
Deduct anmount received for salvage,
fire, $30,021.02; marine and inland,
$10,497.15; reinsurance, fire, $374-,
118.16; marine and inland, $17,800.24;
liscount, fire, $499.69 ................  404,638 87  28,297 39
Net amount paid policyholders
for losses ............ .............. $2,319,702 58  $225,317 98
$2,545,020 56