BEST'S INSURANCE REPORTS—FIRE AND MARINE.   575

MUTUAL ASSURANCE COMPANY FOR INSURING HOUSES FROM LOSS BY FIRE — Continued.

GENERAL REVIEW.

This is a very old and substantial company which began
business February 26, 17 84. It insures nothing but dwell
ing houses and writes on the perpetual plan. It insures
only within ten miles of the city of Philadelphia.

It takes a cash deposit which insures the building as long
as the deposit remains with the company, and which can
be withdrawn at any time the insurer wishes to cancel the
policy.

The company is governed by thirteen trustees and a treas
urer. The only executive officer is the treasurer. Mr. Clif
ford Lewis.

The securities owned are high grade, and the valuations
used in this statement are those fixed by the Convention of
Insurance Commissioners.

Trustees.— Henry W. Biddle, John T. Lewis, Jr., Effing
ham B. Morris, Owen 1Vister, Emlyn L. Stewardson, Arthur
E. Newbold, George W. Norris, G. Colesberry Purves, John
Cadwalader, G. E. de Schweinitz, James D. \Vinsor, Jr.,
Benjamin Rush and Arthur W. Sewall.

Income, 1919.— Gross premiums written on perpetual
risks, $15,021.75; less return premiums, $8,205.56; total
net premiums written on perpetual risks, $6,816.19; interest,
etc, $231,761.69; other income, $11,006.03; total income,
$249,583.91.

Disbursements, 1919.—Net losses paid, $3,726.15; divi
dends to policyholders, $20,883.57; expenses paid, etc., $56,-
8.69.74; borrowed money repaid, $200,000; total disbursements. $281.479.46.

_MUTUAL ASSURANCE SOCIETY OF VIRGINIA,

Richmond, Va.

LIABILITIES, DECEMBER 31, 1919.

Unpaid losses    $3, 343 85

Unearned premiums    5, 310 65

Taxes   26,146 68
Liberty bond account

   152,000 00

Accrued interest and other claims    2, 535 61

TOTAL LIABILITIES    $189, 336 79

NET CASH SURPLUS    2,917,508 95

TOTAL   $3,106,845 74

ADMITTED ASSETS, DECEMBER 31. 1919.

Real estate owned (market value)    

Bonds and stocks owned (market value)    

Interest due and accrued    

Cash in banks and office    
Agents' balances not over three months due.

Other admitted assets    

$867,934 00

2.210, 232 Ot)

22, 366 09

5, 130 12

S17 57

365 9(i

TOTAL AD_MITTED ASSETS    $3,106.84'5 74

GENERAL REVIEW.

This company was incorporated September 26, 1794, and
began business December 26. 1795 It is licensed only in
Virginia, and is in excellent standing, having amassed a
large surplus.

The insurance iu force on December 31, 1919. amounted
to. $33,62.4,533.

The securities owned are high grade, and the valuations
used in this statement are those fixed by the Convention
of Insurance Commissioners.

Officers.— President, Edwin A. Palmer: secretary, G.
Moffett King.

Income, 1919.— Premiums and quotas. 847.582 99; divi
dends, $95.451.47: borrowed money, $32,000; interest, etc.,
$53.387.68: other income, $5:609.78: total income, $234.-
031.92.

Disbursements, 1919.—Net losses paid, $79,298.25; un
derwriting expenses, $58,273.54; borrowed money repaid
and interest, $36,131.09; other disbursements, $58,196: total
disbursements. $231,898.88.

Mt 'hi-—1l. FIRE ASSURANCE COMPANY OF SPRINGFIELR

500 Main Street, Springfield, Mass.

GENERAL REVIEW.

This company began business in July, 1827. and insures
dwellings and barns, issuing only five-year policies. It
bears an excellent reputation. It is licensed in Massachu
setts only.

Its dividends to policyholders have averaged about S4%

LIABILITIES, DECEMBER 31, 1919..

Unearned premiums    $57, 239 19

Dividends to policyholders unpaid   365 85

Salaries, rents, etc   56 00

Estimated taxes hereafter payable   288 98

TOTAL LIABILITIES    $57, 950 02

NET CASH SURPLUS    248, 881 94

TOTAL   $306, 831 96

of the premiums paid since it began business. The rate of
dividend in 1919 was 90%. It employs no agents or
solicitors.

The assessment liability is one additional cash premium.
No assessments have ever been made.

The securities owned are of good character. The security