1026             SCOTTISH UNION & NATIONAL INS. CO.
SCOTTISH UNION AND NATIONAL INSURANCE
COMPANY
Edinburgh, Scotland.
U. S. Office, 36 PEARL STREET, HARTFORD, CONN.
[Incorporated 1824; comm-lenced business in U. S., 1880; admitted 1880.]
IU. S. Manager, JAMES H. BREWSTER.
CAPITAL STOCK.
Statutory deposit ...........   .........................  $200,000 00
Amount of ledger assets December 31 of previous year ........    $5,216,592
55&
INCOME.
Fire.
Gross premiums ..... $3,729,205 95
Deduct gross amount paid for reiinsurance, fire
S947,988.50; return premiums, fire, $644,272.56 .   1,592,261 06
Total premiums (other than perpetual) .$2,136,944 89
Gross interest on mortgage loans ............... .     $1,889 56
Gross interest on bonds eand dividends on stocks, less
$6,337.91 accrued interest on bonds acquired during
the year .....                                       196,607 48
Gross interest onl deposits in trust companies and
banks ..................................               3,011 05
Gross rents from company's property .2,295 33
Total gross interest and rents ............ ..                 213,803 42
From other sources: Received from home office           .    .      1,14o
65
Gloss profit on sale or maturity of ledger assets: Bonds ........       700
00
Total Income ..............    .................................. $2,369,58S
96-
Total footings .........      ............................... $7,586,181
51
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $242,1099.73 occurring in previous. years) ....... $1,692,021 06
Deduct amount received for salvage, fire, $12,617.41;
reinsurance, fire, $555,894.03; discount, fire, $163.00  568,674 44
Net amount paid policyholders for losses .$1,123,346 62
Expenses of adjustment and settlement of losses .24,056 37
Commissions or brokerage ..............                             467,181
82
Allowances to local agencies for miscellaneous agency expenses ..,    7,574
52
Salaries, $46,807.79, and expenses, $39,672.90, of special and general
agents ........86,480 69
Salaries, fees and all other charges of officers, directors, trustees
and home office employes .............        ...............      94,993
06
Rents              ...............                    ......          7,563
85
Advertising, $1,598.03; printing and stationery, $i7, 5948 .6        19,188
11
P'ostaige, telegrams, telephone and express ......   .................. 
14,362 13
Legal expenses... ............                                        1,
33 28
Furniture ,)eeld fixtures ..........                                   816
66
Mfaps, icelading corrections ....6..................                  6,492
37
Underwriters' boards and tariff associations ......  .................. 
39,614 50