J 072              BRITISH   k FOREIGN MARINE INS. CO.
BRITISH & FOREIGN MARINE INSURANCE COMPANY,
LTD.
Liverpool, England.
IJ. S. Office, COTTON EXCHANGE BLDG., NEW          YORK CITY.
[Incorporated February, 1863; commenced business February, 1863; admitted
18991.]
General Manager in the U. S., W. L. H. SIMPSON.
-   CAPITAL STOCK.
Statutory deposit ...............$ $200,000 00
Amount of ledger assets 1)eceinber 31 of previous year .............. $1,503,87.5
26'
INCOME.
Marine and
inland.
Gross premiums ..................................... $3,262,721 40
I)educt   gross   amount    paid   for   reinsurance,
$2,040,252.72; return premiums, $126,261.94.         2,166,517 66
Total prelniums (other than perpetual) .....      ................ e1,096,203
74
Gross interest on bonds and dividends on stocks, less
$83.78 accrued interest on bonds acquired during
the year ..$40,025 50
G'ioss interest on deposits iii trust companies and
bu'Inks ...20 (........................................    2)G W
T otal gross interest and rents .............                     40, 251.
84O
I'roin other sources: Received from  home ottice ...................  iL4,461
9-
From  agents' balamces previously (harged off ......................    
 435 25
Gross profit on sale or mwaturity of le(dger assets: 1o0(s .........    
  61 72
Ttlotal icome .$1.781, 397 -5
Total footings ......................................$..3, 285,272 7t1
1)ISlbUlRSEMEiNTS.
Ailarinoan(d
Inland.
(GI(ross amiount palld policyholders for losses (includ-
ing ,$475,349.91 occurring in previous years) ........ $1,943,127 06
Deduct amount received for salvage, $214,048.14; rein-
surance, $1,302,657.03 .........  ...................... 1,516,705 17
Net amount paid policyholders for losses ...................         $426,421
S9
Expenses of adjustment and settlement of losses ...................     ,
Is 91 8 77
(Commissions or brokerage .............          ...................  112,
7.34 8,7
Allowances to local agencies for miscellaneous agency expenses .....    
 453 835
Salaries, fees, and all other charges of officers, directors, trustees
and home office employes .........................................   81,812
65
Rents ...                                         .                     7,
641 65
Advertising, $583.15; printing and stationery, $6,307.06..............  6,890
21
Postage, telegrams, telephone and express .........................     4,468
85,
Legal expenses .24................................                      
 942 42
Furniture and fixtures ............................................     2,534
51
Underwriters' boards and tariff associations ........................   2,073
66,
Inspections and surveys .......................6.....      ........     
 269 41
State taxes on premiums ........                                    ,,, 4,5i72
34
Onpprance department; licenses a11114  eI..........,,                   
?