Great Lakes Art Database

Marine Review (Cleveland, OH), 7 Feb 1907, p. 69

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ee "TAE Marine. REVIEW Office of the Atlantic Mutual Insurance Company, New York, January 22d, 1907. Lhe Trustees, in conformity with the Charter of the Company, submit the following statement of tts affairs on the 31st of December, 1906. Premiums on Marine Risks from ist January, 1906, to 31st December, 1906, $3,190,241.67 Premiums on Policies not marked off 1st January. 1906, - =) > 582,191.98 Total Marine Premiums, - - . - - - - - $3,772, 438.65 Premiums marked off from 1st January, 1906, to 31st December, 1906, - $3,081,714.32 Interest received during the year, - = $856,457.98 Rent less Taxes and Expenses, - - 125,501.85 $ 481,959.83 Losses paid during the year which were esti- mated in 1905 and previous years, - $309,817.14 Losses occurred, estimated and paid in 1906, 1,009,224.32 $1,319,041.46 Less Salvages, - - $107, 176.57 ; Re-insurances, - - 150,190.74 257 867.31 $1,061,674. 15 Returns of Premiums, - - - - - - - $ 62,4T1 Expenses, including officers salaries and clerks compensation, .stationery, newspapers, advertisements, etc., - - $ 344,098.27 The Company has the following Assets, viz : United States and State of New York Stock, City, Bank and other Securities, $5,697, 108.00 Special deposits in Banks and Trust Companies, - - - - 700,966.67 Real Estate corner Wall and William Sts., and Exchange Pines $4, 299,000.00 Other Real Estate and claims due the Company, - - - 75,000.00 4,374,000.00 Premium notes and Bills Receivable, - - - - - - - 1,191,974.88 Cash in the hands of European Bankers to pay losses under policies payable in foreign countries, - - - 271,142.54 Cashin Bank,- - - - - - - - ies ---- oe 562,631 ,63 Aggregating, - - - ae Oy - pe - $12,797 ,823.72 A dividend of Six per cent. interest on the outstanding certificates of profits will be paid to the holders thereof, or their legal representatives, on and after Tuesday the fifth of February next. The dutstanding certificates of the issue of 1901 will be redeemed and paid to the holders thereof, or their legal representatives, on and after Tuesday the fifth of February next, from which date all interest thereon will cease. The certificates to be produced at the time of payment, and cancelled. A dividend of Forty per cent. is declared on the net earned premiums of the Company for the year | ending 31st December, 1906, for which, upon application, certificates will be issued on and after Tuesday the seventh of May next. By order of the Board, G. STANTON FLOYD-JONES, Secretary. TRUSTEES. GUSTAV AMSINCK, it HERBERT L. GRIGGS, W. H. H. MOORE, FRANCIS M. BACON, CLEMENT A. GRISCOM, NICHOLAS F. PALMER. Se PEAS con, NN AEB, BE VERNON H. BROW LEWIS CASS LEDYARD, BO ne (QUINTARD WALDRON P. BROWN, FRANCIS H. LEGGETT, A.A. R ne JOSEPH H. CHAPMAN, CHARLES D. LEVERICH, JOHN LL RIKE B SERGE ANSE ings, «=» | = BEANBERAAGYELL, © | ouatg autos CORNELIUS ELDERT, ' CHARLES H. MARSHALL, WILLIAM A. STREET, RICHARD H. EWART, es A. A. RAVEN, President. CORNELIUS ELDERT) Vice-President, JAMES L. LIVINGSTON, 24 Vice-President. SANFORD E. COBB, 84 Vice-President. CHARLES E. FAY, 4th Vice-President.

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