BiITrISII AMERICA ASSURANCE CO.                          899
BRITISH AMERICA ASSURANCE COMPANY
Toronto, Canada.
Office 18, 20, and 22, FRONT STREET, EAST.
[Incorporated February 13, 1833; commenced business June 19, 1835.]
Date of admission into Wisconsin, 1878.
General Manager, W. B. MEIKLE.                         Secretary, E. F. GARROW.
Auditor, II. E. STINSON.
CAPITAL STOCK.
Statutory deposit ..................................       $ 210,000 00
Amount of ledger assets December 31 of previous year ............. $1,697,810
63
INCOME.
Fire.
Gross premiums ............      ......................... $1,688,555 40
Deduct    gross    amount    paid    for   reinsurance,
$331,200.28; return premiums, $262,899.46 ............    594,099 74
Total premiums (other than perpetual) ...................... $1,094,455 66
Gross interest on bonds and dividends on stocks, less
$187.78 accrued interest on bonds acquired during
the year .    ...........................................  $53,280 96
Gross interest on deposits in trust companies and
banks ..............................................       6,085 90
Gross interest from     all other sources:    Unlisted
assets .....                                                  117 27
Total gross interest and rents ...............................       59,484
13
Gross profit on sale or maturity of ledger assets: Stocks ...........   
     70 00
Total income ............       .................................... $1,154,009
79
Total footings ......................................... $2,851,820 42
DISBURSEMENTS.
Fire.
u.ross amount paid policyholders for losses (includ-
i-ag $81,33"-2.63 occurring in previous years) .........  $723,633 36
Deduct amount received for salvage. $9,557.01; rein-
surance, $138,314.23; discount, $528.29 ...............   148,399 53
Net amount paid policyholders for losses .....       ...............  $57r5,
233 83
Expenses of adjustment and settlement of losses ...................     
  12,307 83
Commissions or brokerage ..............................                 
269,084 79
Salaries, $25,413.96, and expenses, $23,930.71 of special and general
agents ...49344 67
Salaries, fees and all other charges of officers, directors, trustees
and home office emrploves .........      ...............................
 4S,785 41
Rlents. including $2,885.32 for company's occupancy of its own
buildings .      ........................................................
  4,589 56
Advertising. $31,451.90; printing and stationery, $11,660.45 .......... 
  15,112 35
Postage, telegrams, telephone and express ........................      
   5, q53 15
Legal expenses .       ....................................................
 616 _2
Furniture and fixtures ......................................           
    969 55)
Maps, including corrections ..................    ...................   
     5 ,527 41
Underwriters' board and tariff ,associations ....................... .  
  14862 28