The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1906-09-06
ABSTRACT OF STATEMENT

ABSTRACT OF STATEMENT
For the Year Ending December 81, 1905,
Of the condition and affairs of the United
states Branch of the North British and
Mercantile Insurance Co, organized un.
sr Of insurance of the state Of North
Dakota, in pursuance of the laws of said
p. Y. Richards, Manager.
J. +. Hastings, Asst. Manager.
Principal office, 76 William St., New
Attorney for service in the State OF
North Dakota: Name, Insurance Commits
sioner; location, Bismarck.
organized or Incorporated, 1909.
commenced business in u. S., 1866.
ASSETS.
United States stocks and
eHros $2ss' 90, ~
state. city, county M other
Cash on hand and in bank. 1861 q
4~rterest due and accrued. 62,ll2.S9
ali {is s{Ssr a sss. ttssasni.:iea::: $50 s 49, g
Total assets ............. S., 517,442.se
LIABILITIES.
Gross claims for
losses adjusted and
a Sapaid claims ;ii;.. Tor ;s172' o54'91
losses upon which
no action has been
LOSSES resisted by
the company 49,. 4o,ess.73
Total gross amount
OF claims for
Deduct reinsurance
ana salvage claims
IAeieon .......... o5.9O(.66
Net amount of un-
paid losses ..... sse.e1s.oe
Amount Of unearned prami-
m on all outstanding
rlsks 3,241. 29S.7O
$s.577,e11.7e
mex assets 2.Y39, 031.28
Total liabilities ............ So, 81, 1920
RECEIPTS.
Premiums received during the
1n ysas tn sasn' dividends. re. So'SSo'27l'lo
oelyed during the year,. 2O9,s57.95
Profit from sale ledger as
R s1ns ,os. .tc $1,000
oluded from last years
statsmsnt, since collected. 1.69
Total receipts ............. $4,oae, 1854
DISBURSEMENTS.
Losses paid during the year. 81, $3.50. 4ss.41
Paid for commissions and
PAID for salaries. fees and
other charges $500. 2s1. $500
gaia for taxes ............. ITO. 690.39
Amount Of all other disburse-
.nents 1854. so1.se
Total disbursements 5000. 8 lac, 22e.7 Is
DAKOTA BUSINESS.
Total risks taken during the
year sits, 262.00
Total premiums received dur
ing the 13,628.46
Total losses incurred during
the year 2,577Be
during the 4,S77.1T
STATE OF NEW YORK,
County Of New York-ss.
E. g. Richards, Manager, and J. r,
Hastings, Asst. Manager Of the North
British and Mercantile Insurance Compa-
ny, being. duly sworn, deposes and says
Of the affairs Of the said company; that
said Insurance Company has a paid up
capital stock Of at least Two Hundred
Inclusive of stockholders obligations.
ana over and above all liabilities for
claims reported, expenses and taxes, and
mat ne is the above described officer
E. G. RICHARDS.
Manager.
0uO1CI1D6u duQ sworn 10 DefOre me this
9o eaea d1ay of January, n 1909 ; copnv
COMMISSIONS of Deeds for the State Of
North Dakota, New York City.
STATE OF NORTH DAKOTA,
Office Of Commissioner of Insurance..
I, E.. G. Cooper, Commissioner of Insur-
hereby. certify that the foregoing is a
true abstract of the original statement
now on file in this office.
To- INV -l1~0@ r 1--- -->~.-A-
set my hand and affixed the seal Of this
office at Bismarck the list day of August,
A; is D; 1905 E. G. COOPER.
Commissioners of Insurance.
STATE OF NORTH DAKOTA,
ONCE Of commissioner Of %Insurance.(
Whereas, The North British and Mer-
camille Insurance Company Of London
ana Ediaburgh. England, a corporation
Of Great Britain, has filed in this office a
sworn statement exhibiting it's condition
and business for the year ending December
81, 1905, conformable to the requirements
Of the laws of this state, regulating the
business of Insurance.; and,
Whereas, The said company has filed
charter, with certificate Of organization.
in compliance with the requirements of
the insurance laws aforesaid;
Missioner E9Si ahs af Rnsur r e; e 81 f tSe st.af S0% Of
North Dakota, pursuant to the provisions
above named company is fully empow-
cred, through 18th authorized agents to
transact its appropriate business of Fire
insurance in this state, according to avs
thereof, until the 31st day of December.
A. D. 1908.
In testimony whereof, I nave hereunto
set my hand and seal at Bismarck, this
18th day Of February, A. D.. 1905. .
(Seal.) q. G. COOPER,
Commissioner of Insurance.