Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1870-05-27

dmOunC, HumDer OI SHareS, anu par ana marx
value of each kind of stock eighth, the anon
of stocks held thereby as collateral securit
| loans, with the amount loaned on each
stock, its par value and the market value ~
| the amount of assessments on the stock or pre-
| MUM notes paid and unpaid tenth, the amount
of interest actually due and unpaid eleventh,
the amount of premium notes on hand on which
policies are issued.
Third. The liabilities of such company, speci.
flying first, the amount of losses due and yet UNI
paid second, the amount of claims for losses re-
sisted by the company third, the amount of
losses incurred during the year, including those
claimed and not yet DUE and of those reported
to the company upon which no action has been
taken fourth, the amount of dividends declared
and due and remaining unpaid fifth, the
amount of dividends, either cash or scrip, de-
clared but not yet due; sixth, the amount of
money borrowed and security for the payment
thereof; seventh, the amount of policies out
standing; eighth, the amount of all other ex-
isting claims against the company or assorfa-
ton.
Fourth. The income of the company or asso-
citation during the preceding year, specifying
first, the amount of cash premiums received
second, the amount of notes received for premi-
ums; third, the amount of interest money re.
ceived fourth, the amount of income received
from other sources.
Fifth. The expenditures during the preceding
year, specifying first, the amount of losses paid.
during the year, stating how much of the same
accrued prior and how much subsequent to the
date of the preceding statement, and the amount
at which such losses were estimated in such pre-
ceding statement; second, the amount of divi-
dends paid during the year; third, the amount
of expenses paid during the year, including COM
missions and fees to agents and officers of the
paid in taxes; fifth, the amounts of all other
payments and expenditures. The statement of
any company or association, the capital of which
is composed in whole or in part of notes, she'll in
addition to the foregoing exhibit the amount of
notes originally forming the capital, and also
what proportion of said notes is held by such
company or association and considered capital.
zed under the laws of this State, failing to make
and deposit such statement or to reply to any
inquiry Of the Comptroller of the Treasury rela-
ting to the condition of such company, or to
submit its books and papers when demanded, to
the inspection and examination of the Comptrol-
Ter, shall be subject to the penalty of five hun.
dred dollars for every month that such company
shall continue thereafter to transact any business
of insurance.
1t shall be the duty of the Comptroller of the
Treasury to cause to be prepared and furnished
to each of the companies and to the attorneys OF
companies incorporated by other States and fdl
eign Governments, printed forms of the sta1(
mentS required by this Act, and ne may
time to time make such changes in the for
such statements as shall seem to him best ads
to elicit from the companies a true exhi
their condition in respect to the several
hereinbefore enumerated.
Sec. 2. And be it enacted, That ever
pany as aforesaid, shall cause the statement
dered by it to the Comptrolier to be publ
on the first Monday in the month Of March
same year, daily for one week, inone or
newspapers of the place where said company IS
located, and if any company a. aforesaid, shall J.
fail to make the required return Of its conditiaef
within the time herein designated or to maize
the publication thereof within the month 3of
March Aforesaid, the said company shall be la
BILE to penalty Of fifty dollars for each OMISSION
for every day thereafter until the return shall
have been rendered or the publication made rs
required, said penalty to be payable into the
Treasury of the State, and recoverable in like
manner as other fines and penalties.
Sec. 3. And be it enacted, That this Act
shall take effect from the date of its passage.
approved April 4, 1870.
ODEN BOWIE,
Governor.