Messrs. Fearon, Daniel & Ca., agents of The Northern Assurance Company, have received advices from their head office that the total liability of the company in the recent disaster at 8: Francisco, in what is understood to be the destroyed is estimated to about £500,000, but it is hoped the lo will be considerably below this. The company's reserves are amply auiticient to moot this demand.
Messrs. Alfred Dent & Ca., local sgouta, inform us that they have ro-Seived's letter from the Head Ofhce of the Norwich Union Fire Insurance Society, in which they wri Roforring to the recent catastrophe in San Francisco, you will be pleased to learn that although we cannot yet make any reliable estimate of what our actual lose through this disaster will be, are in © position to state that in any circumstances we shall be able to meet the same out of our Profit and Loss Account balance at the end of 1905, without encroaching upon our Reserves or Paid-up Capital."
Messrs. Fearon, Daniel & Ca., who are also agents for the Norwich Union Company, send si; information, Mesara. Scott, Harding & Ca., and also Messrs. Jardine, Matheson & Ca, joint local agents, send us the report of the directors of the Liverpool & London Globe Insurance Ca., presented at the seventeenth annual meeting st pool on the 15th ult. The wow fire Premium income for the year amounted £2,199,100, the net losses to £1,066,852, and the surplus carried to Profit and Loss account was £393,705. In the Life department the net premium income was £243 808, claims paid, including bonuses and endowment Assurances, amounted to £312,616; and the total life annuity funds now amount. to £6,437,817. There is a not balance shown in the profit and loss account of £1,231,097, and it was proposed out of this amount to pay on each £2 of stook dividend of 338. on account of the Department and 3s, out of the profits earned at the end of the last jwinquennium, leaving a balance of 1,010,022.
Text read from the printed page and cleaned; old type leaves the occasional error.