The herald-advance. (Milbank, S.D.) 1890-1922, 1902-04-04
S.1.doG,6l3.:5l
UI.-DISBTRSE ENTS u
YEAR

tuTpd g ms thef IMAM
weekly .,4deinn y ........ | ,tJ3, 4O4.77
Deduct assurances and
SalvageS including recuv-
eritS ON account of losses
previously paid ........... 1875. 1912
Net paid policy holders. 1,4lI,94I.3o
Commission to agents. 49,. 54I,Etl.l5
salaries and all other com
penSation of officers and
home office employees. liI.3J6.1S
Taxes on premiums. ..,..., 13,o33.bI
Other taxes ................ 6,354.15
insurance department fees
and agents licenses, mu-
nicipdl licenses and tax
on franchise .I........... 11.t3s.30
Rent Is, 12U.3O
Legal expenses ............ 34I.o3
Furniture and fixtures and
miscellaneous ........... ?o,Zll.4'
Advertising and general
printing and stationery. 1o,S49.1S
Cash remitfed to home Of
ice llo,4'l.o'
Total disbursements -. So, 300, 1868
Balance 1.S34,1 1913
N.-ASSETS.
As per ledger accounts shown by books
at home office December 3lst.
Loans on mortgage on real
Book value OF bonds and
stocks owned absolutely. 1,645.S3S.OS
Cash in conpanNS Office. 3,439.25
Cash deposited in banks. 144,S64.05
Total 81. s34. 161 .a6
Total net ledger assets. -. S1,S34, 1916
Other or non-ledger assets:
Interest accrued on mort
Cages 5000
Interest accrued on bonds
and stocks ............... 1I.sSS.9o
Total outstanding inter-
est Ale,o4o.oo
Market value of bonds and
stocks over book Value. 12l, 49.42
Gross premiums in course
of collection .....-........ Z32.sl1.63
Deduct cost of collection,
commission and broker
age AZ, $50 20
Total net amount Of out
standing premiums ..... $1S9, 262.43
Due from other companies
for reinsurance on losses
already paid ............. 1,So6.51
Total assets, as per the
books OF the company. 50, Ill, O4S.6S
Total admitted assets 49,. S2,111,O4S.6
V.-NON-LEDGER LIABILITIES.
Total claims adjusted and
In process of adjustment. 51,So7.S7
Resisted 10y company on its
own account ............. o,222.oO
| Aggregate OF unpaid claims
and expenses ............. l6o,39Z.6Z
Gross premiums upOn all
u%nexpired risks, running
one year or less from date
Gross premiums upon all
unexpired risks, running
more than one year from
date of policy ............. 6Si, 1882
Total unearned premiums,
as computed above (car-
Due and accrued for sal
aries, rent, advertising.
agency, and other ex-
Return premiums and REIN
surance premiums ....... 7,6JO.l6
rrAtn1 p,n,,yt of all (vahij-
ties. except capital stock. 1919 59. os
! Surplus beyond capital and
other liabilities .......... 6J1.5S9.6Z
Aggregate amount Of all
les, including paid
up capital stock and net
surplus .................t $Z,ltl,Ofo.Oo
VI.-RISKS.
| Risks outstanding At the
date of preceding state
Risks written since proceed
| ing statement ............ 20, 2S3. 4Ot. NJ
Total risks ....... SOL. 303. $40. 90
| Risks cancelled and expired
during the year......... $2lJ.Sl3 ..36.OO
| Risks reinsured during the
year @s,ooa'o"o.oV
| BUSINESS IN THE STATE OF SOUTH
DAKOTA DURING THE YEAR 1901.
| Risks written ......... $53S,674.OO
Premiums received ......... $4,000
| Losses paid ,,... 1853. 81
Losses incurred ............ I.g62.74
| Amount at risk ............
STATE OF NEW YORK,
County Of New .York.-ss.
j. Montgomery Hare. Resident Man
ager of the Norwich Union Fire Insur-
ance Company. being duly. sworn. de-
| poses and says that he is the above de-
| scribed officer of the said company, and
| tina on the thirty-tirst day of December
last, all of the above described a5sets
were the absolute. property of the said
company, free and clear from any liens
or claims thereon, except as above
stated, and that the foregoing state
! ment is a full and correct exhibit of all
| the assets, liabilities. income and expen-
ditures and of the general condition and
affairs of said company on the said thir-
ty-first day Of December last, and for
| the year ending on that day, according to
the best Of his information. knowledge
and belief.
J.. MONTGOMERY HARE,
Residen Manager.
Subscribed and sworn to before me, this
9th day of January, 1902.
EDWIN F. CAREY.
COMMISSIONS for South Dakota in New
York.
STATE OF SOUTH DAKOTA.
SIR Nnnnr M ~ onf