III. INCOME. Net cash premiums received on fire risks..... Aggregate Income received during the year in cash..... IV. EXPENDItures. Net amount paid for fire losses during the year..... Cash returned during the year to members who have discontinued their policies.. Paid for commission on premiums Paid for interest on borrowed money. Amount paid for salaries, fees and all other charges of officers, directors, agents, clerks and other employes... Amount of all other payments: Rent, stationery, taxes, etc... Aggregate Expenditures during the year in cash. V. MISCELLANEOUS. $8,701 15 $8,053 39 139 04 1,410 25 663 84 1,113 93 1,056 15 $12,436 60 Amount of losses incurred during the year.. $11,290 26 1,028,716 25 $1,046.187 50 Having more than one, and not more than three years to run.... Total amount of risks in force December 31, 1881... Number of polices in force for which the Company have received the entire premium in cash is 1,787. 1,708,679 42 3,254,282 92 Amount of policies in force for which the entire premium in cash has been received... 3,199,267 92 Amount of risks taken and in force in the county where principal office of the Company is located.... Number of agents employed in the State of New York, seventeen; in other States, thirteen. Amount of such loans upon which more than one year's 2,036 79 $40,000 00 Cash deposited in New York Life Insurance and Trust Co.. Total amount of cash items..... Interest due and accrued on bond and mortgage loans. $4,826 49 341 59 $5,168 08 727 00 15 00 Amount of premium notes (being 965 in number) held by the Company on policies issued, and still in force, covering property in this State... $131,032 14 Aggregate amount of all actual available Assets. Items not admitted as Assets. Company's safe and office furniture..... Total amount of unpaid losses. Amount required to safely reinsure all outstanding risks. $34,058 12 $356 25 II. LIABILITIES. $100 00 $131,032 14 4,000 00 375 00 Aggregate amount of all Liabilities.. $4.475 00 III. INCOME DURING THE YEAR. Net cash premiums received on fire risks.. $6,434 77 $131,032 14 Interest received on bonds and mortgages.. Aggregate Income received during the year in cash. IV. EXPENDITURES DURING THE YEAR. Net amount of fire losses paid during the year..... 966 75 548 48 $7.950 00 $3.284 71 their policies... Amount of premium notes returned to members who have discon tinued their policies... ........ 8 89 $7,195 43 Amount paid for salaries, fees and all other charges of officers and directors .... Amount of all other payments, viz.: Taxes. $144.48; stationery, $37.82; legal expenses, $20.00; sundries, $20.91. Total, Aggregate Expenses during the year in cash V. MISCELLANEOUŞ. Aggregate amount of losses incurred during the year............ Amount loaned to directors of the Company. Number of agents employed in the State of New York, five. 1,880 50 223 24 $5.397 34 Real estate owned by the Company, unincumbered... Loans on bond and mortgage (first liens)....... $250 00 22,615 76 Amount of such loans upon which more than one year's interest is due. .. 3,782 00 Total amount of cash items Market 5,100 00 $340 89 1,262 26 647 90 1,100 00 2,251 05 345 88 516 55 ..... Interest due and unpaid on bond and mortgage loans... $247,628 34 $30,861 24 Aggregate amount of all actual available cash Assets..... Items not admitted as Assets: Two safes and book-case...... II. LIABILITIES. $200 00 Amount of premium notes received on unexpired risks................、 Amount required to safely re-insure all outstanding risks.... Aggregate amount of all Liabilities....... Net cash premiums received on fire risks...... $247.628 34 $6,000 00 $6,000 00 III. INGOME DURING THE YEAR. $4.794 16 Interest received on bond and mortgages and United States bonds.... 1,705 35 Received for rent 69 00 Aggregate Income received during the year $6.568 51 IV. EXPENDITURES DURING THE YEAR. Net amount paid for losses during the year..... Amount of premium notes returned during the year to members who have discontinued their policies.. $4,662 52 $1,426 00 474 09 Paid for commissions on premiums... Amount paid for salaries, fees and all other charges of officers, Amount of all other payments, consisting of printing, travel- V. MISCELLANEOUS. Aggregate amount of losses during the year... 1,362 35 6583 259 24 $6,824 03 $4,662 52 Net amount of fire risks written during the year, all in the county of Suffolk. Amount of notes originally forming the capital of the Company.... Number of policies for which the Company has received the entire premium in cash, 2,948. Amount of policies for which the Company has received the entire premium in cash. Number of agents employed in the State of New York, twenty-two. 3,272,295 00 2,847 37 3,272,295 00 |