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The Jewish South. (Richmond, Va.) 1893-1899, February 24, 1899, Image 5

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Persistent link: http://chroniclingamerica.loc.gov/lccn/sn94051168/1899-02-24/ed-1/seq-5/

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I —__————
r Published by authority of the Auditor of Public Accounts of the State
L of Virginia.]
ANNUAL STATEMENT FOR THE YEAR ENDING DE
CEMBER 31, 1898, OP THE CONDITION AND AFFAIRS
OF THE NORWICH UNION INSURANCE SOCIETY OF
NORWICH, ORGANIZED UNDER THE LAWS OF THE
KINGDOM OF GREAT BRITAIN, MADE TO THE AU
DITOR OF PUBLIC ACCOUNTS OF THE COMMON
WEALTH OF VIRGINIA, IN PURSUANCE TO THE
LAWS OF VIRGINIA.
Resident Manager, J. Montgomery Hare.
Principal Office in U. S., 56-58 Pine Street, New York City.
General Agent in Virginia, Virginia Trust Company.
State Residence, Richmond, Va.
Organized or Incorporated 1797; commenced business in U. S.
1877.
I. CAPITAL,
Amount of capital stock subscribed $5,500,000 00
Amount of capital stock paid up in cash 660,000 00
11. ASSETS.
Loans on Mortgage (duly recorded and being the
first liens on the fee simple) upon which not
more than one year's interest is due 40,000 00
Interest due on all said Mortgage Loans, $900.00; ■
interest accrued thereon, $150.00 1,050 00
Value of Lands Mortgaged, exclusive of )
buildings and perishable improvemt's I , fto
Value of Buildings Mortgaged (insured [ '
for $40,000 as collateral I
Account of Bonds of the United States, and of this
State and of other States, and also of Bonds of
Incorporated Cities in thsState.and of all other
Bonds and Stocks, owned absolutely by the Co.
U. S. Registered Bonds $375,000 $419,531 25
Chicago, Burlington A Q'cy
R. R. Registered Bonds,.. 100,000 103,375 00
Chicago, Rock Island & Pa
cific Railway Reg. Bonds, 100,000 104,750 00
lennsylv'a Co. Reg. Bonds, 150,000 167,250 00
ew York, Chicago & St.
Louis R. R, Reg. Bonds.. 100,000 105.250 00
f. Shore R. R. Reg. Bonds. 57 000 62,842 50
ichmond City, Virginia,
Registered Bonds 50,000 56,500 00
utler Co. O. Reg. Bonds... 50,000 55,500 00
t. Paul, Minneapolis &
Manitoba Ry. Reg, Bonds 50,000 55,375 00
,ong Island R. R. General
Mortgage Reg. 80nd5.... 20,000 19,525 00
leveland, Lorain & Wheel
ing R'y Reg. Bonds 50,000 53,500 00
Alleghany Valley Railway
Registered Bonds 30,000 31,875 00
Lehigh _ Wilkes-Barrc Coal
Company Bonds 8,000 8,100 00
Atchison, Topeka & Santa
Fe R'y Reg. Bonds 25,000 24,968 75
Capital Contingent Fund
Bonds of New Mexico. . . 5,000 5,500 00
New York City Loan 100,000 103,250 00
New York City Loan 100,000 107,500 00
K United New Jersey R. R. &
Canal Co. Stock 10,000 26,200 00
Chicago & Northwest'n R'y
Co. Preferred Stock 20,000 37,550 00
Rensselaer & Saratoga R. R.
Co. Stock 17,000 31.280 00
St. Paul, Minneapolis &
Manitoba R'y Co. Stock 50,000 86,750 00
cago R'y Co. 5t0ck....... 40,000 70,000 00
Chicago, Milwaukee & St.
Paul R'y Co. Pref d Stock 20,000 32,950 00
Leased Lines Stock ...... 20,000 20,000 00
Preferred Stock 30,000 52,3 iO 00
Total Par and Market Val.
(carried out Market Val.) $1,577,000 $1,841,672 50 $1,841,672 50
Cash in the Company's principal office 3,873 44
Cash belonging to Company deposited in Bank. . 276,331 44
Interest due and accrued on Bonds not included
Eis Premiums (as written in the policies) in
course of collection, not more than 3 mos. due 17Z,1A> •/■*
regate Amount of all Assets of the Company,
stated at their Actual Value $2,356,61Z z»
is Claims for adjusted and unpaid
fosses due and to become due $96,279 .*>o
Gross Losses in process of adjustment,
or in suspense, including all reported
and supposed Losses 63,129 78
Losses resisted, includ'g interest, costs,
and other expenses thereon 21,197 85
Total gross am't of Claims for Lossesslßo,6o7 13
Deduct Reinsurance thereon 17,176 01
Net amount of Uupaid Losses 163,431 12
Gross Premiums received and receiva
ble upon all unexpired Fire risks,
running one year or less from date of
policy, including interest premiums
on perpetual Fire risks, $1,100,191.59;
Unearned premiums (Fifty per cent.). 5550,095 80
Gross Premiums received and receiva
ble upon all unexpired Fire risks,
running more than one year from
date of policy, $1,137,271.66; Un
earned premiums (pro rata) 600,304 31
Total Unearned Premiums as compu
ted above ; • • ■ L150.40U ll
Due and accrued for salaries, rent, advertising,
and for agency and miscellaneous expenses 2,203 /V
All other demands against the company, abso
lute and contingent, due and to become due,
admitted and contested, viz : S TState, City,
County, or other Taxes and Assessment,
$10,1 0.94 ; Commissions, brokerage, and Oth
er charges due and to become due to agents
and brokers, on premiums paid and in course
of collection, $27,376.84. Return Premiums,
$6,291.79 ; Reinsurance, $9,739.33 P&S9B 90
Total amount of all Liabilities, except Capital
Stock, and Net Surplus ...... ■ f1 '369,633 92
Surplus beyond Capital and all other Liabilities. 986,978_3fc
AirETetrate amount of all Liabilities, including _„.,,.,„
paid up Capital Stock, and Net Surplus $2,356,612 28
IV. RECEIPTS DURING THE YEAR.
Fire.
Gross Premiums and Bills unpaid at
close of last year .$190,564 84
Gross Premiums on risks written and ~,'-.
renewed during the year 1,901,131 3/
Deduct Gross Premiums and bills in
course of collection at this date.. •_ 19 3,300 1 /
Entire Prem's collected during year $1,898,396 04
I) duct Reinsurance, Rebate, Abate
ment and Return Premiums 426,581 59
Net cash actually received for Prem
iums (carried out) fl ' !'?An on
Received for interest on mortgages 1.-uo oo
Received for interest and dividends on stocks and
bonds, collateral loans, and from all other
Aggregate amount of Receipts actually received
dur.ng the year in Cash > $1.553,215 12
V. DISBURSEMENTS DURING THE YEAR.
Gross amount actually paid for Lossessßß3,93s S3
Deduct all amounts actually received
for Salvage (whether on losses of
the last or of previous years),
$12,765.38 and all amounts actually
received for Reinsurance in other
Companies, $64,109.64. Total de
duction.... 76,875 02
NCt 'SsTr 1 *" dUrin * thC year f ° r « 807 ' 060 81
Paid for Commission or Brokerage 260,613 81
Paid for Salaries, Fees, and all other charges of
officers, clerks, agents and all other employees 143,806 0/
Paid for State and Local Taxes in this and other
States, and Internal Revenue Tax 2/,34/ 46

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