Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1903-04-04
NORTH BRITISH AND MERCANTILE ms.
co, OF LONDON AND EDINBURGH,

~ W GS"S1" WV ISh"SSbSpb
Organized under the laws of the Kingdom
OF Great Britain, made to the Commits
sioner Of Insurance of the State Of
South Dakota, in pursuance of the laws
OF said State, attorneys for service of
process in the State of South Dakota
Information furnished by Commissioner
of Insurance. Organized or Incorpo-
rated 1909. Commenced business in
United States December. 1'o6.
PROPERTY OR ASSETS OF THE COM
PANY.
Cash value of real estate. -. ...........
Cash in Office .............. $50, 375.47
Cash on deposit. .............. 200, 063.90
Premiums in course of collec-
Loans on mortgages, being the
first lien on real estate worth
at least double the amount
loaned thereon ............. 4,ss1.1o
the compt ny ............. ALSO, 605.Oo
Interest due and accrued..... $500 so
Total assets SIS, 75s, 261.11
LIABILITIES.
Losses yet unpaid. ......... $500, 662.44
Losses resisted .............. 65, 724. 80
Amount of unearned premi-
ums on all outstanding risks 2,040, 140.35
Dividends declared, remaining
unpaid ...................... 1O,905. Os
agents 18B,619.93
Total liabilities ............ $3,4S ,O52.79
INCOME OF THE COMPANY DURING
THE YEAR.
Total premiums for the year. 81, 0s3 .o21. %
interest receipts ............. LOO, 43O.69
Receipts FROM rents .......... ...........
Receipts not included in above ...........
lotal receipts .....,.........SN,"'",4oI.9
EXPENDITURES OF THE COMPANY
DURING THE YEAR.
Losses paid 81, a44,654.45
Commissions paid to agents. S25, 3O2.O2
Salaries paid to officers and
employees .......,........ 2Ol,l43.oO
Return premiums and cancel
lations 1874, 049. 43
Litigation expenses .......... ...........
Taxes and fees to insurance
Printing and advertising..... 90 II. 50
Other expenditures ........... 16S,935.54
Total expenditures .........$I,3S5 ,100.57
RISKS.
Risks outstanding at the date
of preceding statement. -. $JO4 1874, 521
statement .............. =. $685. 32, $40
Total risks $1,O5s, loo, SCI
Risks cancelled,
and expired dur
ing the year SAB 51, 3S2
Risks reirsured
during the year. Al, 346, 961
Total deductions .$4S9, 70S, 343 49, 9s, 343
Net amount OF risks in
FORCE -. ............... $o6o'6oo,0l
CoMPANY's STATEMENT OF BUSI-
NESS TRANSACTED IN TIE STATE
OF SOUTH DAKOTA DURING THE
YEAR.
Premiums on risks written. $11, 702.S S
Amount Of risks written. 49,. 626, $4,000
Losses incurred during the
year 4,939.96
Losses paid during the year.. 2,214.37
-
STATE OF NEW YORK.
County Of New York-ss.
e. G. Richards, Manager and Secretary
OF the u. s. Branch of North British
London and Edinburgh. G.. B., being duly
sworn, deposes and says that the foregoing
Is a full, true and correct statement OF
the affairs of said Company; that the
sah Insurance Company is the bona-flde
owner of ut least one hundred thousand
dollars Of actual cash capital. Invested
In the State and United States Stocks and
Bonds, or in Bonds and Mortgages OF
Real Estate unincumbered, and worth
double the amount for which the same is
m~ortgaged: and he is the above de-
scribed officer of said Insurance Com
pany.
f. G. RICHARDS,
Manager and Secretary.
Subscribed and sworn to before rae,
this 26th day of January, 1908.
Notarial Seal.l GEO. II. CORNY,
Com. for the State 0f So. Dakota.
Office No. SO Wall ST., N. Y. city.