The first account is that of the fire department, The premium income of this department amounted to £5,450, 648, which is an increase of £142,236 on the figure of 1936.
The loss experienced was again favourable both at home and abroad, the payments and provision for outstanding claims representing 39.5 per cent. of the premium income, a figure which is slightly better than that of the previous year, It is satisfactory to note that the loss ratio in the United States continued to be good, although somewhat higher than in 1936.
Text read from the printed page and cleaned; old type leaves the occasional error.