Our retention of marine business written during the year was less than 1988, although gross premiums were larger. Hull business was more favourable than cargo risks which continued to give us losses. The profit of £946. 3. 3d was carried to the profit and loss account.
Accident Revenue Account Under this heading, we group our motor car, personal accident, fidelity and miscellaneous casualty business, from all of which the company made profits. Premiums, both gross and het, exceeded those of Inst year and, 15 loss ratios improved, the profit and Joss account benefited to the extent of] £2974. 3. Sd.
Text read from the printed page and cleaned; old type leaves the occasional error.