LIVERPOOL AND LONDON AND GLOBE.
I am glad to be able to congratulate the directors of file Liverpool and London and Globe Insurance Company on the fact that the latest accounts are decidedly satisfactory when all the difficulties of the year which the accounts cover are taken into consideration. The balance-sheet made up to the end of last year shows a strong position, with securities valued at or under the • prices of December 31st last, while the assets as a whole possess a value in excess of book value on that date, after allowing for the amount reserved in the General Contingencies Fund which is now £2,683,770. That Fund has been increased by a transfer of £1,150,000 from the " Additional Reserve '7 in the Fire Fund, still leaving that Reserve, however, at the substantial total of £1,775,000. Underwriting results as a whole are remarkable for the con- sistency with which they show steady profits from Fire and
Previous page