660                     NATIONAL LUMBER INS. CO.
NATIONAL LUMBER INSURANCE COMPANY
Buffalo, New York.
Home Office, 700 MAIN STREET.
[Incorporated November 15, 1905; commenced business November 15, 1905.]
Date of admission into Wisconsin, November 15, 1906.
President, M. S. TREMAINE.
Vice President, GEORGE B. MONTGOMERY.
Secretary, WILLIAM P. HAINES.
Treasurer, GEORGE B. MONTGOMERY.
CAPITAL STOCK.
Amount of capital paid uip in cash .....................  $200,000 00
Amount of ledger assets December 31 of previous year ............      $419,600
07
INCOME.
-                        ~~~~~~~~~Fire.
Gross premiums ................    ......................  $350,845 73
Deduct gross amount paid for reinsurance, $30,086.65;
return premiums, $84,365.37 .........................    114,452 02
Total premiums (other than perpetual) ......................     $236,393
71
Gross interest on bonds and dividends on stocks, less
$53.60 accrued interest on bonds acquired during
the year .................................A.... ... ..   $9,688 75
Gross interest on deposits in trust companies and
banks ..                                                   4,100 53
Gross interest from all other sources: Philadelphia
Fire Underwriters' fund .............................          6 30
Total gross interest and rents               .         .            13,975
58
From other sources:
Brokerage .    .........................................    $14 75
Ohio German dividend ((12201o on $4.40 claim) ....             55
Profit on discount of note sold .....................        11 12
26 42
Gross profit on sale or maturity of ledger assets: Stocks .........     
  605 25
Total income ..............     ..................................  $250,820
96
Total footings ................   .........................  $670,421 03
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $16,098.13 occurring in previous years) ...........  $142,675 20
Deduct amount received for salvage, $843.99; reinsur-
ance, $15,308.35; discount, $153.23 ...................   16,305 57
Net amount paid policyholders for losses ....................     $126,369
63
Expenses of adjustment and settlement of losses ..................      
  1,618 29
Commissions or brokerage .........         ...............................
 51,976 7Q
Allowances to local agencies for miscellaneous agency expenses ...      
4,478 78
Salaries, $3,000.00, and expenses, $2,456.24, of special and general
agents .............                                    ..........      5,456
92
Salaries, fees and all other charges of officers, directors, trustees
and home office employes .........       ...............................
 20,341 05
Rents ...                                                               
    960 D(