728                        OLD COLONY INS. Co.
OLD COLONY INSURANCE COMPANY
Boston, Massachusetts.
[Incorporated June 2, 1906; commenced business June 7, 1906; admitted, 1907.1
Home Office, 137 MILK STREET.
President, RANSOM    FULLER.           Vice President, WILLIAM    R. HEDGE.
Secretary, CAHLRES D. HODGES.
CAPITAL STOCK.
Amount of capital paid up in cash .$400,000 00
Amount of ledger assets Dec. 31 of previous year .$1,236,031 16
INCOME.
Marine
Fire.       and inland.
Gross'premiums .$724,758 38                           $282,736 13
Deduct gross amount paid for rein-
surance, fire, $149,859.34; marine and
inland, $80,440.74; return premiums,
fire, $142,316.06; marine and inland,
$58,135.29 .2  9   2,1      7         292,175 40     138,576 03
Total premiums (other than
perpetual) .........           $432,582 98     $144,160 10
$576,743 08
Gross interest on mortgage loans ........              $2,895 00
Gross interest on bonds and dividends on stocks         43,857 00
Gross Interest on deposits in trust companies and
banks ...............................................  1,355 81
Gross interest from all other sources:
Philadelphia Fire Underwriters' Association ........       3 15
Reinsurance bureau, New York .....................       29 19
Total gross interest and rents .................................  48,140
15
From  agents' balances previously charged off ......................    11
25
Gross profit on sale or maturity of ledger assets: Stocks ........... 929.
99 50
Total income ...............................             '   $625,823 98
Total footings ................................'.. $1,861,855 14
DISBURSEMENTS.
Marine
Fire.       and inlan d.
Gross amniouint pupidl polievyholders for
losses (includling $60,379.72 occur-
ring In previous years) .............  332,941 67    $98,494 54
Deduct amount received for salvage-.
fire, $4.061.27; marine aind inland.
$1.828.85;  reinsuralnce. - fire, $8,0-.
576.5?.; Tmarine and  inland. $28.-
91)1.56; discount, fire, $313.47; marine
aind inland, $40 .....................  84.951 27     30,770 41
Net amount paid policyholders
for losses ............ $........  247,990 40   $67,724 13
$315,714 53