214   BEST'S INSURANCE REPORTS   FIRE AND MARINE.

LAFAYETTE FIRE INSURANCE COMPANY—Continued.

Investment Exhibit, 1919.—Interest, etc., earned during   Loss from dividends, $32,000.

1919, $31,365.35; profit on investments during 1919, $1,-   Surplu-, December 31, 1918, $366,350.75; increase, $5,-

772.50; total, $33.137.85.   192.52; surplus, December 31, 1919, $371,543.27. Loss on investments during 1919, $6,550; investment ex-

penses incurred during 1919, $1,233.50; total, $7,783.50.   Net Premiums   Net Losses

Gain from investments during 1919, $25.354.35.   MISCELLANEOIIS CLASSES:   Written.   Incurred.

Gain and Loss Exhibit, 1919.— Gains:   Underwriting, Windstorm and tornado....   $5.057 34   $S60 78
$11,838.17; investments, $25,354.35; total. $37,192.52.

LAW UNION AND ROCK INSURANCE CO I PAN I', LTD.,
London, England.

UNITED STATES BRANCH, 59 \1ILLIA \1 STREET, XLIV YORK. EXECUTIVE OFFICE, 20 TRINITY STREET, HARTFORD, CONN.

ADMITTED ASSETS, U. S. BRANCH, DECEMBER 31, 1919.
Bonds and stocks owned (market value) . .. $1,135,645 00

Interest due and accrued thereon    11,486 09

Cash in banks and office    164.869 21

Agents' balances not over three months due.   125, 155 44

Reinsurance due on losses paid    6.30S 95

TOTAL ADMITTED ASSETS    $1.443.464 69

GENERAL REVIEW.

History.— This company was established in 1806. lts authorized capital is £2.075,000, with £1,575,000 subscribed and £165,000 ($825,000) paid in. Ih 1892 this company purchased the Crown Life Insurance Company, at which time it issued £283,360 of 4% debentures, redeemable at par on December 31, 1942. In 1906 it issued £200,000 in debentures, carrying 4½% interest, to meet the losses sustained in the conflagration at San Francisco, Cal. These debentures were payable in fifteen years at par, or any time after the expiration of five years at £102 for each £100 of stock, and this was done in 1910. Prior to 1909 this company was known as the Law Union and Crown Insurance Company. In that year the business of the Rock Life Assurance Company, Ltd., of London, was merged with this company and the present title was adopted.

This company entered the United States in 1897.

Early in 1919 the London and Lancashire Fire Insurance Co., Ltd., of Liverpool, purchased control of this company, and it was continued as a separate institution.

Home Office Resources.— All assets of the company (other than life insurance funds) are liable for the payment of losses, wherever incurred The Home Office balance sheet, as of December 31, 1915, which includes all its asssets and liabilities, showed the following: Total assets, $54,026,295; capital paid in, $525,000: debenture stock, $1,230,185; surplus fund, $3,676,295.

Management and Reputation.— The company is in excel-lent standing at its home and abroad. In 1919 the management was transferred from Hall & Henshaw. New York, to A. G. Mellwaine, Jr., who is also United States manager of 'the London and Lancashire Fire Insurance, Ltd., and president of the Safeguard Insurance Company of New

LIABILITIES, U. S. BRANCH, DECEMBER 31, 1919.

York and of the Orient Insurance Company of Hartford, Conn. He is in excellent repute.

Its expenses of management have been slightly above the average, but its loss ratio has been about normal. The volume of business transacted by the United States Branch is conservative.

Its loss paying reputation is excellent.

The securities owned are high grade. The security valuations in this statement are those fixed by the Convention c. Insurance Commissioners.

Affiliations.— Eastern Union, Western Union, Board of Fire Underwriters of the Pacific, Rocky Mountain Under-writers Association, Canadian Fire Underwriters Association, Western Canada Fire Underwriters Association, Main-land Board of Fire Underwriters, New r3runswick Board of Fire Underwriters, Nova Scotia Board of Fire Under-writers,

United States Manager.—A. G. Mellwaine, Jr., Hartford, Conn.

United States Trustee.— Central Union Trust Company of New York.

Classes of Business Written.— Life, fire and general casualty lines.

In the United States it writes only fire and inland marine insurance.

Territory.—It operates throughout the United Kingdom and in Canada.

In the United States it is licensed in the following States: Alaska, Cal., Colo., Conn., Del., D. C., Hawaii, Idaho, Ill., Ind., Md., Mass., Mich., _Minn., Mont., Neb., Nev., N. J., N. Y., 0., Ore., Pa., R. I., Tex., Utah, Wash., W. Va.. Wis. and Wyo.

Departments.— Western Department. Chas. E. Dox. Chi-