Belle, Vii'. H., president Belk Bros., chain of department stores, Charlotte, N. C.
Chisholm, Eug. H., manager of company.
Heath, B. D., vice-president of company, manufacturer and dealer in cotton.
MeAden, Henry M., president of company; also president of First National Bank, Charlotte, N. C., and of Me-Aden _Mills, McAdenville, N. C.
Smith, A. L., secretary of company, manufacturer and dealer in cotton.
Valaer, C., manufacturer and president of Valaer Bottling Works, Charlotte, N. C.
Stock-holders' Annual Meeting.—Last Thursday in January.
Gross premiums written $325, 919 SS
Less reinsurance 116,231 59
Less return premiums 43, 047 00
Total net premiums $le6.641 29
Interest, etc ~d.486 45
Other income 42.172 05
TOTAL INCOME $244.299 79
Net losses pain $51.792 06
Underwriting expenses 45.774 54
Dividends to stockholders 15,000 00
Other disbursements 58,883 11
TOTAL DISBURSEMENTS $171.449 71
Ratios to Premiums ICritten.—Losses paid. 31.1%; incurred, 319%; underwriting expenses, 27.5%; underwriting profit, 23.8%.