Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1891-04-09

a NNUAL STATEMENT FOR THE YEAR
"A ending December 81, A. D. 1890, of the con-
dition and affairs of the
BRITISH AMERICA INSURANCE COMPANY
OF TORONTO.
organized under the laws of the Dominion of
Canada made to the auditor of the state of South
Dakota, in pursuance of the laws of said state.
Governor. John Morrison; deputy governor,
Principal office, 20 and % Front street, East.
Attorneys for service of process in the state of
South Dakota.
First, Geo. w. Roberts, Yankton. Yankton.
Ht &c. ass
Eighth Gucius G. Miller Deadwood LAWRENCE sn
Organized or incorporated 1888. commenced
Ds j. s3ih capital in United States: ssSs SS g &c
PROPERTY OR ASSETS OF THE COMPANY.
The cash on deposit in bank is. 49,. 51,O11 03
The cash in hands of agents and in
course of transmission is. ......... 92.546 6s
pany carried out at market value. 7os.447 As
All other sumsdue the company. 1912 so
Total assets. Ss54,217 81
LIABILITIES,
Amount of losses vet unpaid. s 1883 II
Amount of claims for losses resisted
by the company ,............;........ $500 90
NnOle amount OF uneaFn6Q PREM
iums on outstanding risks 80. s82,951 81
Amount of all other existing claims. 28,079 81
Total liabilities. MISUNDERSTANDING. S451, 9s4 "A
INCOME DURING THE YEAR 1890.
Whole amount of cash premiums reed S5s5,6s1 Is
whole amount OF cash premiums
received on policies written in the
state of South Dakota .0S4 20
Whole amount of interest money reed 26,4s8 81
Whole amount of income received
from all other sources. ............ 6.011 90
Total income. ...................... S618.1S2 O8
EXPENSES DURING THE YEAR 1890.
Whole amount OF losses paid during
the year 1890. ........... $s6S, 1877 81
Amount accrued prior to
preceding statement. 81, 152, Ill 80
amount accrued subae-
quent to preceding
statement ............ 5,515, S69 G2
| Amount of losses paid
| upon risks taken in the
state of South Dakota. 2,01S 90
Amount of commissions and fees paid
to officers and agents during the
year 1890: 121,464 O5
year 1880. ....:.................. 1902 IS
of South Dakota during the
Amount of fees paid the audit
or OF the state of South Da-
kota during the year 1890
mot including taxes) .....;.. 10 W
Whole amount paid for salaries of
officers and agents during the year
1880. :..@:....y..5............. 1925 OF
Whole amount of other expenditures
during the year 1890, ............ 1883 II
Total expenditures ......... S54O, 1872 %
| RISKS.
taken during the year
| Gross amount of risks
taken in the state of 81
South Dakota during
the year 1850. ....... 49,, AS 90
Whole amount of risks outstanding $50 $3.50 90
Whole amount of losses incurred dur
ing the year 1890, including those
claimed and not yet due ............ $685. 50
Whole amount of losses in
CURED during the year 1850
including those claimed
and not yet due, in the
state OF South Dakota. -. S2,O4S 90 2,043 90
eight.
Dominion of Canada, province of Ontario,
county of York-ss.
John Morrison, governor, and William H.
Banks, assistant secretary. of the British America
insurance company of Toronto. Canada, being
foil true and correct statement of the affairs of
said company; that the said insurance COMPANY
is the bona fide owner of of least one hundred
thousand dollars of actual cash capital. invested
In the state and United States stocks and bonds,
or ~ bonds and mortgages of real estate unin-
numbered, and worth double the amount for
which the same is mortgaged, and they are the
above described officeB of said insurance COM
spany j. MORRISON,
w. E. BANKS, Governor.
Subscribed and sworn to before me this 18th
H. D. CANDLE. Notary Public.
STATE OF SOUTH DAKOTA.
Auditors Office Insurance Department.
"A II.f IF q