A.M. Best Fire and Marine Insurance Companies (1919)

54 BEST'S INSURANCE REPORTS—FIRE AND MARINE.

BRITISH NORTH\\ ESTERN

was increased to $101,625, and $10,083.60 additional surplus was paid in. The paid-in capital has been further increased as follows: 1912, to $150,000; 1913, $215,660; 1914, $232,-407.20; 1915, $238,573.20; 1916, $242,162.20; 1917, $243,-294.20; 1918, to $244,589.20; 1919, to $246,919.20. The subscribed capital at the close of 1919 amounted to $594,400.

Previous to 1911 it did a very limited business, operating only in the city of Winnipeg. Since 1912 it has operated under a Dominion license.

In December, 1913, it took over the Security National	Kennedy, C. W. N., Winnipeg, Man., vice-president Com-
Fire Insurance Company of Winnipeg. Management and Reputation.—The company is managed by F. K. Foster, who was formerly identified with the Canadian Fire Insurance Company of Winnipeg, and who	mercial Loan & Trust Co. McIntyre, P. C., Winnipeg, Man., postmaster.
	Skinner. T. J. S.. Calgary, Alta., insurance. Williams, D. E., Winnipeg, Man., director Traders Trust
is stated to be an experienced underwriter. The volume of business transacted is conservative.	Co. Stockholders' Annual Meeting.—Last	Wednesday in
The company's loss ratio in 1919 was low. The expense ratio is high. The company has set aside a special contingency reserve	January. INCOME, 1919. Gross premiums written	$164, 559 03
of $15,000; this is actually surplus.	Less reinsurance	43, 782 36
Its directors are reported to be responsible men of Winni- peg, Victoria, B. C., Vancouver, B. C., and other western	Total net premiums	$120,776 67
cities.	Interest. etc	18,236 69
Affiliations.—Canadian Fire Underwriters Association: Western Canada Fire Underwriters Association: Mainland	TOTAL INCOME
	TOTAL INCOME	$139,013 36
Board of Fire Underwriters; Nova Scotia Board of Fire Underwriters. Bankers.— Merchants Bank of Canada, Winnipeg.	DISBURSEMENTS, 1919. Net losses paid	$36, 197 97
Class of Business Written.— Fire insurance.	Expenses of management	23.495 86
Territory.— It operates in Ontario, Manitoba. Saskatche-	Other expenses	37,730 35

FIRE INSURANCE COMPANY —Continued.

E. E. Hall; managing director and secretary, F. K. assistant secretary, B. A. Kellam.

Directors.

Balfour, James, K. C., Regina, Sask., attorney. Brown. Ed., Winnipeg, Man., financial agent. Craig, R. W., K. C., Winnipeg, Man.

Devlin, W. T., Winnipeg, Man., merchant. Foster, F. K., \' >nnipeg, Man.

Hal, E. E.. Winnipeg, Man., president Dominion Loan and Investment Co.

Foster;

wan, Alberta, British Columbia and Nova Scotia. Officers.—President. Hon. Edward Brown; vice-president,

TOTAL DISBURSEMENTS $97, 424 IS

BRITISH TRADERS INSURANCE COMPANI', LTD.,
Hong Kong, China.

ADMITTED ASSETS, CANADIAN BRANCH, DECEMBER 31, 1919.			1IABILITIES, CANADIAN BRANCH, DECEMBER 31, 1919.
Bonds and stocks owned (market value) .. .	$209,933	00	Unpaid losses	$23,744	00
Cash in banks and office	S9,663	42	Unearned premiums	97,055	08
Agents' balances not over three months due.	29,533	10	Estimated taxes hereafter payable	2,847	25
			Contingent commissions, etc. .............	1, 820	00
					•
			TOTAL LIABILITIES, except capital.	$125,466	33
			NET SURPLUS: Canadian Branch	203, 663	19
TOTAL ADMITTED ASSETS	$329,129	52	TOTAL	$329,129052

GENERAL REVIEW.

History.— This company began business in 1867 as the China Trailers Insurance Company, Ltd. The present title was adopted in May, 1916. It is owned by the Union Insurance Society of Canton, Ltd., Hong Kong, China, a large and reputable British company, which was established in 1835 and which operates practically all over the world.

The British Traders Insurance Company, Ltd., was licensed on April 17, 1918, to transact fire insurance in the Province of Ontario, Canada. The company has deposited $80,000 with the Dominion government.

The Canadian manager is C. R. Drayton, 36 Toronto street, Toronto, who acts in the same capacity for the Union Insurance Society of Canton, Ltd. The company is operated in Canada entirely independent of the Union Insurance Society.

The company has a contract with Marsh & McLennan. of Chicago. Ill., who are in excellent repute, for writing excess lines on fire, tornado and automobile business in the United States, Canada and Mexico.

All assets of the company are liable for the payment of losses wherever incurred.

The following is the Home Office statement as of December 31. 1918, prepared upon the silver basis. $1 being equal to approximately SO cents in United States currency:

ASSETS.

Cash in banks $1,512,030 00

Securities owned 4,420,716 00

Sundry debtors, including agents' balances 326, 031 00

Leasehold property 1,827,877 00

TOTAL ASSETS $8,086,654 00