for interest on other debts due the Company, for rent of Co.'s property, under sub-lease or otherwise, Discount on claims paid in advance, 446 41 Cash from other companies, on account of losses or claims 36,622 00 830 50 7,284 583 Cash paid for the Company's own losses, policy claims and additions thereto, viz. :-Death losses, Used as aforesaid in notes or other premium obligations, Matured endowments, $474,548 43 23,267 44 $64,235 98 $295,882 00 23,068 00 Used as aforesaid in notes or other premium obligations, To annuitants, . Amounts carried forward, 1 See Detailed Statements, ante, pages 162 to 168. Premium on gold, $1,213.03; interest on bonds, $3,133.55; sale of investments, $2,938. * Including $63,500 paid for death losses on re-insurance policies. In cash, $1,047,266.17; notes, $582,988.87. 687 85 $498,503 72 $64,235 98 $318,950 00 Amounts brought forward, On account of purchased or surrendered policies, . Used as aforesaid in notes or other premium obligations, For dividends to policy-holders, Used as aforesaid in notes or other premium obligations, Notes and other prem. obligations voided by lapse of policies, Total disbursements on policy account, $841,790 39 $74,089 33 $966,665 76 Cash paid for dividends to stockholders, premiums (less rebate or commissions) for re-insurance, brokerage, commissions and all other charges on first premiums, commissions and all other charges on renewal premiums, salaries and travelling expenses of managers and agents, medical examinations, salaries and pay of officers and employés not before in- 10,968 35 37,250 00 6,620 52 59,669 84 National, State and local taxes and fees, . 15,024 131 1,435 37 12,719 65 advanced to officers or agents, payable from salaries or for furniture, safes and fixtures for home or agency offices, 8,834 25 all other expenses, 67,139 663 9,434 374 44,776 755 Total Expenditures during the year, $1,225,109 17 $145,311 41 $1,248,736 98 T Net amount insured by existing policies, 31,077,738 00 13,181,199 00 35,713,029 00 Policies (old and new) terminated by death during the year, 216 34 158 Amount insured thereby, $553,832 00 $59,541 00 $318,950 00 Policies issued during the year and terminated by death, 4 5 3 Amount insured thereby, $11,500 00 $6,500 00 $12,500 00 Insurance in force on lives of citizens of Massachusetts, 1,991,207 00 1,549,364 00 7,690,596 00 Death losses paid in Massachusetts in 1871, 30,100 00 5,000 00 95,892 00 Matured endowments paid to citizens of Mass. in 1871, 1 U, S. taxes and stamps, $199,248; State and local taxes, $1,295.70; licenses and fees in other States, $11,735.95. 2 Including $5,600 rent of home office. 3 Postage and express, $6,317.78; advertising and agency expenses, $35,450.34; law expenses, $3,945.34; printing and stationery, $21,426.20. • Advertising, $2,871.80; exchange, stamps and express, $1,667.28; books, blanks and stationery, $3,126.26; office and agency expenses, $1,769.03. 5 Advertising, statiouery, printing, law expense, office and agency incidentals. Rate of interest or dividends declared to stockholders, including percentage of profits, Maximum rate of interest or dividends authorized on guarantee capital, 12 per cent. Further percentage of surplus or profits authorized to stock holders, Highest rate of interest received, 7 per cent. Average rate received, 12 per cent. 73 per cent. Whole amount of joint-stock or guarantee capital, of capital actually paid in cash, consisting of stockholders' notes, $250,000 00 250,000 00 Cash premiums received on policies issued in 1871 (exclusive $125,000 00 125,000 00 $200,000 00 200,000 00 $992,626 652 Renewal premiums received in cash (exclusive of interest), $854,611 16 $210,985 875 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), 1,800 00 Cash prem's from other companies for re-insuring their risks, Total premium income, . $854,611 16 $994,426 65 $210,985 87 Cash received for interest on cash loans, 78,813 06 4,120 53 for interest and dividends on bonds and stocks owned by the Company, 49,919 70 12,446 76 for interest on premium notes or loans, for interest on other debts due the Company, . 229,025 56 6,778 30 2,146 68 861 53 for rent of Co.'s property, under sub-lease or otherwise, 898 31 Cash from other companies, on account of losses or claims 178 76 Cash paid for the Company's own losses, policy claims and additions thereto, viz.:-Death losses, Used as aforesaid in notes or other premium obligations, Matured endowments, Used as aforesaid in notes or other premium obligations, To annuitants, . Profit and loss account, $15,161.69; increase of capital stock paid in, $50,000. • Stockholders' subscription. 7 Cash, $55,265.31; notes, $567.69. |