Whole amount of joint-stock or guarantee capital, of capital actually paid in cash, consisting of stockholders' notes, $150,000 00 150,000 00 47,136 00 Cash premiums received on policies issued in 1871 (ex clusive of interest), $40,973 53 Premium notes and other securities received as aforesaid (exclusive of interest), $5,025,914 132 Renewal premiums received in cash (exclusive of interest), Renewal premium notes and other securities received as aforesaid (exclusive of interest),. Cash received for sale of annuities, for all other premiums (exclusive of interest), 10,555 13 115 42 Cash prem's from other companies for re-insuring their risks, for interest on other debts due the Company, Discount on claims paid in advance, Cash from other companies, on account of losses or claims on 342,754 50 for rent of Co.'s property, under sub-lease or otherwise, 780 33 re-insured policies, 34,796 65 Cash income from all other sources, 104,192 99 50,000 00 EXPENDITURES. Cash paid for the Company's own losses, policy claims and additions thereto, viz. :-Death losses,. $1,126,293 35 $29,754 00 $46,335 716 Used as aforesaid in notes or other premium obligations, 80,485 81 9,990 00 $75,145 698 Used as aforesaid in notes or other premium obligations, To annuitants, 2 Cash received on new and renewal premiums, $3,691,395.04; notes on renewal premiums, $1,334,519.09. Cash, $101,668.50; notes, $21,518.58. These amounts do not include $37,238.48, "Dividends in Advance," 5 All cash. 6 Including $11,000 paid for re-insurance losses and $6,335.71 on accident claims. 7 Old accounts, $625; contributions to re-insurance fund, $50,000. Amounts brought forward, On account of purchased or surrendered policies, For dividends to policy-holders, 199,351 48 Used as aforesaid in notes or other premium obligations, $29,754 00 2,483 08 $46,335 71 17,113 46 $75,245 69 3,126 89 1,322 61 5,004 74 504,777 13 Notes and other prem, obligations voided by lapse of policies, 132,213 58 Total disbursements on policy account, $3,846,706 51 $32,237 08 $64,771 78 $83,377 32 Cash paid for dividends to stockholders, commissions and all other charges on renewal premiums, 414,900 31 15,348 70 salaries and pay of officers and employés not before in advanced to officers or agents, payable from salaries or future commissions, for furniture, safes and fixtures for home or agency offices, Net amount insured by existing policies, 98,052,013 00 6,235,415 00 Amount insured thereby, Policies (old and new) terminated by death during the year, 714,500 00 7,922,362 00 $5,091,442 00 317,500 00 4,773,942 00 Policies issued during the year and terminated by death, $29,754 00 $57,000 00 $61,333 00 8 2 Amount insured thereby,. Insurance in force on lives of citizens of Massachusetts, Death losses paid in Massachusetts in 1871, 43,498 56 5,000 00 Matured endowments paid to citizens of Mass. in 1871,. 1,604 00 Rate of interest or dividends declared to stockholders, includ Maximum rate of interest or dividends authorized on guarantee capital, 20 per cent.2 7 per cent. 6 per cent. 1 Express and Telegraph, $1,966.47; postage, advertising and printing, $23,788.57; stationery, supplies, incidentals, $14,050.16; law expense, exchange and State valuation, $17,407.38. 2 Of which 6 per cent. is from the participating department. 3 United States tax and postage, $725.75; State and local taxes, $20; taxes and fees in other States, $356.12. 4 Advertising, $3,717.69; incidental expenses, $7,630.59. Advertising, $5,048.18; exchange and postage, $2,508.27; printing and stationery, $7,067.24; expenses, $12,758.29. ? United States taxes and stamps, $581.97; State and local taxes, $1,053.75; Fees in other States, 6 In coin. $2,264,61. 8 Postage, stationery, printing, office expenses, &c. |