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196   DEPARTMENT OF FINANCE—INSURANCE BRANCH.

CALEDONIAN—Continued.

 

 

GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.
FIRE REVENUE ACCOUNT !1896),

Funds at 31st December, 1895—   Fire claims,after deducting sums re-

Capital paid up    £ 107,500 0 0   insured   £ 225,864 0 0

Fire guarantee fund    270,000 0 0 Commission   68,799 8 11

Reserve for unexpired risks   131,427 8 6 Expenses of management    57,529 5 1
Foreign and colonial taxes, and ex-

  • 508,927 8 6 penses of rating committees and

Premiums   £445,095 19 4   salvage associations   10,865 0 9

Less-Reinsurances 53,904 17 7   Transferred to shareholders profit

—      391,]91 1 9 and loss account    9,560 15 6
Funds at end of year as per balance

sheet

Capital paid up.... £107,500 0 0 Fire guarantee fund. 270,000 0 0 Reserve for unexpir-

ed risk   150,000 0 0

   -   -   527,500 0 0

 

  • 900,118 10 3 £ 900,118 10 3

SHAREHOLDERS' PROFIT AND LOSS ACCOUNT (1896).

Balance for 1895    £ 52,098 9 6 Dividend paid in 1896   £ 25,800 0 0

Interest and dividends (less income   Bad and doubtful debts   352 17 2

tax)    19,695 8 2 Balance as per balance sheet. ...   55,220 6 0

Transfer fees   18 10 0

Transferred from fire account    9,560 15 6

  •  81,373 3 2 £ 81,373 3 2


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