MUTUAL BENEFIT LIFE INSURANCE CO. January 1st, 1850.
Policies issued prior to January 1st,1849 6262 " during the year 1849, J509
Deduct Policies expired and cancelled from May 1st, 1845, to date 2398
Policies in force January 1st, J850 5373 Balance January 1st, 1849 $673,360 52 Deduct for losses then unpaid, 29,500 $643.860 52 Nett premiums received during the year 1849, $454,406 26 Interest received during the year 1849,.. 43,611 95
Total receipts in 1849, $498,018 21 * Losses paid, $157,900 00 Expenses being charges on the business, 16,573 63 Paid for purchased policies and for commissions,.. 27.570 89 Physicians fees, 3,216 96 Interest paid on Scrip, 592 29 $205883 77 $292,134 44
Nett Balance, $935,994 96
* Additional losses amounting to $40,350 sustained during the year. awaiting proofs of death.
ASSETS. Cash on hand, $7,120 78 Newark City 6 per cent. Bonds, 1,900 00 Brooklyn " " " 50,000 00 Bonds &, Mortgages on unincumbered Real 239,054 57 Estate worth double the amount loaned,. Real Estate 16,968 11 Premium Notes drawing 6 per cent. int'st. 605.248 04 secured by policies, Loans on Scrip 6,025 32 Premiums, Premium Notes and Cash in 9,678 14 the hands of Agents and in course of transmission, $935.994 96