EXHIBIT XLVIII.-NET EXPENSES AND TOTAL INCOME-Continued. *Commenced business in 1903. Includes ordinary business. cIncluding industrial business. Reorganized n 1903. EXHIBIT XLIX.-COST OF NEW BUSINESS. Showing the cost of the New Business placed in 1903 after allowing 7% per cent of Renewal Premiums for the care of the Old Business. EXHIBIT XLIX.-COST OF NEW BUSINESS.-Continued. EXHIBIT L.-RATE OF INTEREST REALIZED. Showing the Rate of Interest Realized by the companies on the Mean Admitted Assets in 1903, compared with a similar Rate Realized in 1902. EXHIBIT LI.-RATE OF INTEREST AND PROFITS EARNED. Showing the Rate of Interest and Profits Earned by the companies on the Mean Invested Funds in 1903, compared with a similar Rate Earned in 1902. The Interest accrued for the year and the Profits realized on Sales are included, while Losses are deducted. |