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Parent Issue
Day
22
Month
January
Year
1875
Copyright
Public Domain
OCR Text

A NNUAL STATEMENT For the year ending December 31, A. D. 187+, of t he condition and atfairs of the VA8HTBNAW MUTUAL FIRE INS. CO., jocated at Anu Arbor, organi.ed under the lam ui' ■he Statu of Michigan, and doiug business in the County "f W:-ihtenaw, in said State. BENJ. W WAITE, President. NEWTON SHELDON, See'y. MEMBERSHIPS. Nuinltcr of Members December Sist, of previous year, 2,210 Cumber of members added during the present year, 112 Total, 2,822 Deduct nuiuber of members withdrawn during the year, !■ Tambor of members now be longing to cotnpany, 2.137 RISKS. imount of property at risk Deo. 31st, of previous year, 85,345,772. iiü mount of risks added during present year, 43R,tf0.00 Total, 5,780,942.110 Deduot risks caneeled, withdrawn or terminated, 722,215.00 et amount now at risk by company, í"..o.".8,727.no RESOURCES. Amount of premium or deposit notes now in foree, none Ainouiit of eash premiums (or assessïmntsi aetually on hand, 710.05 niount of outstandingassessmentsnot caneeled, 6,963.09 Nature and amount of all other resources, viz: Premium, $251.16. Policy Fee, $124.00, :75.16 Surplus $149.60. Interest and Discount, $155.52, 305.22 Total Resources, $7,955.52 LIAEILITIES. . Claims for losses due and payable, none 2. Claims for losses not matured $3,664.02 L Claims for losses resisted, none 4. Naturo and amount of all other claims viz: Stack of hay not adiusted; barns and contenta of G. R. Williams, Lima, not ndjusted; pay of Oflicers aud Town Agents, part estimated, 578.00 Total Liabilities, $4,242.02 IKCOME. Aniount of premium on deposit notes taken duriug the year, none Amount of cash premiums received duriug the year, $251.16 Amount collected on assessments which were levied during the present year, 18,359.69 Amount collected this year on assessments which were levied in prior years, 277.31 Amount received frora membership or policy fees, 124.00 Amount received from percentage on increased or decreased insurance, 149.60 [ncome froniall other sources, viz: Interest and discount, 155.02 Balance Dec. 31, 1873, 213.43 Total Income for the year, $19,530.81 EXPENDITURES. Amount paid foi losses daling the year (of wbich f6,368.24 occurred in prior ycarsj $16,241.65 Amount of salary and fees paid to Oflicers aud Director as per items in Sehodule A, 1,045.64 Amount of all other expenditures during the year as per Schedule 15, 853.09 Total expenditures during year, L18,140.38 SCHEDÜLE A. NAMK OF OPFICEK OK DIRECTOR TO "WHOM PAID. President, Benj. W. Waite, $97.67 Secretary, N. Slieldon, S50.00 Director. Eubert McColl, 67.00 Director, 11. M. Mowry, 20.97 Auditor, Julin J. Kobison, 1U.00 Total Schedule A, $1,045.64 SCHEDULE B. ITKMS Oí' '-AJ.I. OT1IKK EXPENSES." Town agento, I395.00 Prioting and landing, 64.00 Postase, 18.39 Wood "tor office, 30.45 Express cbfttgeB, 10.80 Investigatiou of losses, 89.34 Bentofomce, 125.00 Refunded, 18.67 Interest paid, 78.70 Btationery. 4.7Ö Sundries, 17.99 Total Schedule B, . $853.09 MISCBLLANEOUS QUESTKINS. 1. How many assessments have been made during the year? Ans. Two ; February and Oetober. 2. What is the amount of all the assessments made duriiiK the year? Aus, $24,924.78. '■'. Wluil is the rate per ceiit. of such assessments on ilif pnnierty insured? Ans. .0474 per cent., or $4.74 per $1,(100. 4. What is tile rate per cent. of sueh assessment on the premium or deposit noicsv Ans. Noiif. 5. Wlmt amount was uk-assicsskd tbr asseasmenta that were not paid? Ans. None; eolleet til nltecUtble. 6. What amount of losses are alhtwcd to aceumulate before an assessment is levied1.' Aus. Losses pxld ín 'M ilays by saaessment or surplus. 7. Does the Company, in mriclng au aasessment, provide thereiu for any surplus fund over tbt iu-tual losses aecrued ? Ans. Yes. If so, how ïuuch? Ans. One mili per dollar. 8. What proportion ol' lile actiüi! loss sustnined by a policy-holdcr does Ibe Company pay? Aus, All to the amount insured. STATE OF MICHIGAN,) County os Washtenaw, ƒ Benj. w. Waite, President, and Newton Sheldon. S(;-ntary of said Company, do, aud eacfa for hlraself dotli depose aud say, that tlu-y have read the foregoing stetement, and know the coutents therroï and that thuy have good reasou to believe, aud do believe, said statement to be true. BICNJ. W. WAITE, President. NEWTON SHKLDON, Becretary. Bwon) and BHbaertbed before me, at Aun Arbor, in said Stat and Couuty, this 20th day of Jauuary, A. D. lS7r, PETElt TUITE, Notary Public, Washtenaw Couuty, Mich. Sr, öiOAPer day ad home. Terms free. Adttoidies;.HNioN4Co., PortlaudJMe.

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Subjects
Old News
Michigan Argus