BEST'S INSURANCE REPORTS   FIRE AND MARINE.   227

INSURANCE COMPANY—Continued.

all   Kernahan, 11'. '1', Toronto, managing director

Brewery Co., Ltd..

Mc5laster, A. C., Toronto, Fleury & Company, barristers.

Nesbitt, S. G. M., Brighton, Canners. Ltd.

Willcox, W. S., director, Winnipeg, Man. Williams, F. D., Toronto, director Carson

Bros., Ltd.

Stockholders' ruary.

Represen.tatives.

Hobson & Co., Ltd., Vancouver, for British Columbia. Carson & Williams Bros., Ltd., 11 innipeg, for Manitoba, Alberta and Saskatchewan.

1V. J. Cleary. manager, Montreal, Quebec.

LONDON MUTUAL FIRE miums. The premium notes, however, are liable for losses.

Management and Reputation.—The company has built up a considerable business and agency plant, and has ac-cumulated a substantial surplus. It is in good repute as regards loss payments.

The firm of Carson and Williams Bros., Ltd., acts as general managers of the company under an agreement based upon salary and contingent commission.

The volume of business transacted is large in pro-portion to the company's net cash resources. In 1919 the loss ratio was normal; the expense ratio was moderate.

The investments are of good character.

The real estate owned is the company's Home Office building at Scott and Wellington streets.

The mortgage loans are nearly all small, and are mainly upon property in the Province of Ontario.

Affiliation.— Western Canadian Board of Fire Under-writers.

Class of Business Written.— Fire insurance.

Territory.— It is licensed and operates in all the Provinces of the Dominion of Canada except Prince Edward Island, Nova Scotia, Newfoundland and New Brunswick.

Officers.— President, A. H. C. Carson; vice-president, F. D. Williams: secretary, A. V. Stamper; underwriter, A. K. Woolley.

Directors.

Carson, A. H. C., Toronto, president Carson & Williams Bros., Ltd.

Cowan, H. N., Toronto. president and managing director Cowan Co., Ltd.

Hunter, W. H., president Independent Order of Foresters, Toronto, Out.

INCOME, 1919.

Gross premiums written    $783, 738 49

Less reinsurance    179,825 49

Less cancellations and rebates    78.728 95

Total net premiums    $525, 184 05

Interest, etc   14,810 83

Other income    2, 634 62

TOTAL INCOME       $542, 629 50

DISBIIRSEMENTS, 1919.

Net losses paid    $226,495 18

Underwriting expenses    206.518 66

Other disbursements    4,724 62

TOTAL DISBURSEMENTS    $437,738 46

O'Keefe

McMaster, Montgomery, Ont., director Dominion

and Williams

Annual Meeting.—Third Saturday in Feb-

LOUISIANA FIRE INSURANCE COMPANY,
Baton Rouge, La.

GENERAL. REVIEW.

History.— This company was organized in 1891 with $250.000 authorized capital. It is licensed only in Louisiana, and transacts a very small business.

All business written by this company is reinsured in the Great American Insurance Company of New York. Officers.— President, O. B. Steele; secretary, R. N. Ross.

LUMBERMEN'S INSURANCE COMPANY,
427 Walnut Street, Philadelphia. Pa.

ADMITTED ASSETS, DECEMBER 31, 1919.

Real estate owned (market value)    $54.034 92

Mortgage loans on real estate    57.300 00

Interest due and accrued thereon   627 47

Bonds and stocks owned (market value)   1,850.587 00

Interest due an daccrued thereon    29.084 IS

Cash in banks and office    60.194 05

Agents' balances not over three months due   76.201 19

LIABILITIES. DECEMBER 31. 1919. LOSSES:   Adjusted, due, $6,782.34: not clue, 82,281.08: in process of adjustment, $46.546.29; resisted. $5,678; total, $61,-

287.71: reinsurance, $16.208.54; net   $45, 079 17

Unearned premiums    428, 995 46

Amount reclaimable on perpetual deposits   161.532 10

Estimated taxes hereafter payable    19,100 00

Contingent commissions, etc   10,400 00

TOTAL LIABILITIES, except capital   $665, 106 73

CAPITAL PAID UP    250,000 00

NET SURPLUS    1.212,928 08

TOTAL ADMITTED ASSETS    82. 128.034 81   TOTAL   $2,128.034 81