NORTH BRITISH &; MERCANTILE INS. CO.


977


NORTH BRITISH & MERCANTILE INSURANCE
COMPANY
London, England.
U. S. Office, 76 WILLIAM STREET, NEW      YORK CITY.
[Incorporated 1809; commenced business in U. S.. 1866.]
Date of admission into Wisconsin, 1867.
Manager, E. G. RICHARDS.
CAPITAL STOCK.
Stattutory deposit ............ ........................  $200,000 00
Amount of ledger assets December 31 of previous year .........    $3)558.161
61


INCOMIE.
Fire.
Gross pleiiums     ............................................ $7,401,427
71
Dedniet   gross    amount     pail   for   reinsnirance,
$1,220,606.85; return premiums, $1,294,269.65 ........ 2,514,876 50
Total premiums (other than perpetual) ..................... $4,886,551 21
Dleposit premiums written on perpetual risks (gross) ..............     
 . 3. 194 91
Gross interest on bonds and dividends on stocks, less
'$895.99 accrnied. interest on bonds acquired during
the year ............................................   $326,.517 72
Gross interest on deposits in trust companies and
banks           .......................................     2,948 14
Gross interest from  all other sources:
Philadelphia Und. Assn., $6.30; Mil. UJnd. Bldg.
Assn., $7.24; Und. Slvg. Co., $100.00; Western
Insp. Bureau, $87.92 ............   ...................     201 46


Total gross interest and rents................................
From     agents' balances previously charged off......................
Gross profit on sale or maturity of ledger assets: Bonds..........


",>9,667 32
69 45
2,199 10


Total income .................


............................ ...$5, 221, 681  99


Trotal footings .........................................$ 14,779.843 87


DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $501,32.5.56 occurring in previous Years) ........ $3,161,419 11
Deduct amount received for salvage, $20,789.90; rein-
Sl  ance,  ,$8,2.1 ......................................  51 ,215   81.
suirnce, $489,4295.91.5.                                0;215 81
Net amount paid policyholders for losses....................
Expenses of adjustment andi settlement of losses...................
Commissions or brokerage ........
Allowances to local agencies for miseellaneouis aaencyT exuenses..
Salaries, $129,585.06, and expenses $95,866.31, of special and general
qa, ents.................................
Salaries, fees and all other charges of officers, directors, trustees
andc home office employes........................................
Rents .............................
Adlvertising, $3,240.40; printing and stationery,$40,660.39..
Postage, telegrams, telephone and express.........................
Legal expenses ....................................................
3?urnithre and fixtures .................


$2,651,203 30
47.154 83
1,031,903 33
28,852 02
225,451 317
290,910 08
34,61:1 64
4:1.900 79
32,943 40
4,230 38
9,455 47