COLUMBIA INS. CO.


349


COLUMBIA INSURANCE COMPANY
Jersey City, New Jersey.
Home Office, 15 EXCHANGE PLACE.
[Incorporated Ma.trch 21, 1901; comimenced business 1901; admitted Sept.
13, 1905.1


President, G. F. CRANE.
Secretary, C. E. DEAN.


Vice President, F. HE RRM\ANN.
Treasurer, Wi. ROBINSON.


CAPITAL STOCK.
Amount of capital paid up in cash ...................       $400,000 00
Amount of ledger assets December 3:1 of previous year .............     
 $904,056 02
INCOME.
M\Iarine
and inland.
Gross premiums .        ....................................  $998,147 t9
b
Deduct gross amount paid for reinsurance: marine
and inland, $126,783.1 6; return premiums: iarine
and inland. $171,357.48 .......      ......................  597,141 24
Total premiums (other than perpetual) ......................        $401,006
0.3
Gross interest on bonds and dividends on stocks, less
,$,551.92 accrued interest on bonds acquired during
the year .      .....................$...................  $9,84S 0S
,Gross interest on   deposits in trust companies and
banks ...............................................        1,114 88
-Gross interest fromt all other sources: Cash deposit,
Ontario Dept . .......................................         300 00
Total gross interest ........................... I .............       31,202
96;
Total income .      ................................................  $432,269
61
Total footings ..........       ............................... $1,330",326
33


DISBURSEMENTS.
Marine
and inland.
Gross aamount paid policyhloldlers for losses (includ-
ing $3,055.29 occurring in previous years) ..... ......  $378,594 85
Deduct amount received for salvage: marine and in-
land, $16,021.96; reinsurance: marine and inland,
$180,831.72 .   ..........................................  197,053 08 ,
Net amount paid policyholders for losses....................
Comnmissions or brokerage ........................................
Allowances to local agencies for miscellaneous agency expenses..,.
Expenses of special alnd general agents.............................
Salaries, fees and all other charges of officers, directors, trustees
and home office einployes.......................................
Advertising. $2.00; printing and stationery, $2,976.00...............
Postage, telegrams, telephone and express .
Legral expenses ....................................................
U nderwriters' boards and tariff associations ..................
lire department, fire patrol and salvaie corps assessments, fees,
taxes and expenses ..............................................
Inspections and surveys ...........................................
State taxes on premiums ...........................................


$180.941 17
125,837 58
T,050 00
3,100 36
0.799 50
2,978 00
CO0 00
370 (0
792 00
184 98(
260 on
9,272 49