1.076


BR1ITISHI &- FOiREIGIN MAR1INE, INTS. CO0.


U N 1)E, ik It I TI N(C A N 1I N VE ,8TM~I"N  X-lIT--oi od
Ia ill  Idi of   llI1(elrwriting'  1)1ol t  l,
U nderw'riting  ili(olni   11(~d41 lii .1in-i1.  8928
Losses paid .........    . .       lf'0 421 1.8')I...............
)(4 U CL  ft sI a ge ;I111d UII11 reisn   ie  I-e( o~  j
orabie  De 1,.  it, endi aLJ  10 it e.1  1787 ,I.......
Balance ...............        108,0.44 5!.........
Adl( saivage ailt einilsuiance, 1(4over-
alele  t t pie~iou0s8ye-.r .....  107 GA;
Total  .. . . . . . . . . . . . .  .  11 7I  1 5  . . . .. ..1. .. . . .
.
D ediic liii paid losses I lee. 8f 01 pi-e I
Add  i1(1p d  1088(5  D)ec. :1, end  oil IfieI
yelr  .. . . . . . . . . . . . . . . . 295.5  68?7  1  A
1Lo)8es Winllredl du riig, t~le  year.... I. ...... .1  $519, 478 511
17NI)EMI.WT11TNG EXPIEN.SIS.
Underwritiing exlpenses paid duringj
uie year .  ...- -...........1$266, 339 761........ .......
lDeduet underwriting expenses iinlaidlI
1)ec. 3-1 Of p~reviouls year ........I  85,079 581.......
Balance ..j...........        $181, 260 181 ................
Add unlderwriting expeilses uinpaidl       I
lDec. 31, end of tile year........  90,58 0i I................
Unlderwriting expenses incurred ulur- II
illg 111 year..I..................           271,849 251........
I lnderwrithig 10s85(15 anti expenses .......... . . . .......  791,327 7(6
1Lo3s f1011 unlderwritinog duiriing thre;
yll. ................ ..............                   $19,340 39
Iliterestan 11Ients.
Interest, dividends and~ renlts receivedl;
duiring tlle year .4..........1    0,231 801 ........ .......
IDeduct; interest, dividends and rent sl
leCi1lied IDec.81 end of the year..I.  12, 764 58! ...............
Bialanlce .........   ...      $27, 467 221 ...  ...........
A11lteres t. dividends and rens cI
erl-iedl Dec. 31, end of thle ya0 r.I...  13,271 241 ...............
Total              ~      ~    ~     ~     ~~~~~~~~~I  I  I
Toal...............I. .......      $4-0,738 461........
PRO11FIT ON INVESTMENTS     I
Gain froln sale of ledger assets............I      61 721........
Iilvestmnelt income earned during theI
year...............I I           iI......      .... . . I  $4.0800 is


4
JA