pensation and liability contracts now issued to members in the State of New York, by or through said Company, or which may hereafter be so issued during the period of this contract.

Dated, Kansas City, Missouri, and Buffalo, New York, July 1, 1917.

EMPLOYERS' INDEMNITY CORPORATION,

By H. WOODHEAD, Vice-President. EXCHANGE MUTUAL INDEMNITY INSURANCE COMPANY,

By E. G. TRIMBLE, President.

Amendment to Reinsurance Agreement

July 25, 1917.

The Reinsurance Agreement of date July 1, 1914, and July 1, 1917, between Exchange Mutual Indemnity Insurance Company of Buffalo and Employers' Indemnity Corporation of Kansas City, Mo., are hereby amended by addition of the following condition:

Annually as of the first day of June, the Exchange Mutual Indemnity Insurance Company shall render to the Corporation a final accounting in re claims wherever the Corporation might sustain liability hereunder, as respects the period ending one year prior to the date of said accounting.

EXCHANGE MUTUAL INDEMNITY INSURANCE Co.,

By JOHN F. BROGAN, Vice-President. EMPLOYERS' INDEMNITY CORPORATION,

By H. WOODHEAD, Vice-President.

ICE DEALERS' MUTUAL INSURANCE COMPANY
NEW YORK CITY

Examined to ascertain condition December 31, 1918.
Report dated March 17, 1919.

Examiners: W. A. Billingham, F. H. Trench.

The company was incorporated November 27, 1917, in accordance with the provisions of article 5-a of the Insurance Law, with authority to transact the business of insurance on the mutual plan.

Directors

J. W. Scott, of National Ice and Coal Company, New York.
Harry Bailey, of Riverside Ice Company, New York.
C. H. Schmidt, of Utica Ice Company, Utica.

M. J. Sheehy, of M. J. Sheehy Ice Company, New York.
I. H. Thomas, of Cutler Ice Company, Binghamton.

H. W. Cole, of Ice Publicity Association, New York.

J. B. Salinger, of Jackson-Morse Company, New York.

R. N. Bavier, of New Rochelle Hygeia Ice Company, New Rochelle.

H. Caffey, of Hygeia Ice Company, New York.

L. R. Culliton, of Peoples' Ice Company, Buffalo.

W. Hayfield, of Corcoran-Fitzgerald Ice Company, New York.
S. Leuin, of Elberon Ice Company, New York.

T. Minnock, of Powell & Minnock, Coeymans.

F. P. Murphy, of Amsterdam Hygeia Ice Company, Amsterdam.
F. M. Schildwachter, of F. M. Schildwachter, Inc., New York.
W. Schatzkin, of National Ice and Coal Company, New York.
C. F. Schifferdecker, of Schifferdecker & Son, Albany.

J. F. Vogel, of Jamaica Consolidated Ice Company, Jamaica.
W. B. Wheeler, of Wheeler & Son, Selkirk, N. Y.

The company was granted a certificate of authority by the Superintendent of Insurance December 21, 1917, and began writing insurance as of January 1, 1918.

Financial Statement

The following is a statement of income and disbursements from January 1, 1918, to December 31, 1918, and of assets and liabilities on the latter date:

Net premiums written:

Income

Workmen's compensation (less reinsurance paid, $1,630.58).
Liability

$55,036 21

6,949 50

Premium deposit with American Reinsurance Company..

Premiums in course of collection:

1,000 00

The company has entered into a contract with H. W. Cole & Company, a corporation, which provides that Cole & Company shall act as general manager of the company for the term of two years, from December 31, 1917, in consideration of a sum equal to 20% of the paid premiums. Cole & Company agrees to assume all expenses of the company except losses, medical expenses, taxes, license fees, legal expenses, and reinsurance.

Special Contingent Surplus, $4,368.12: Under a ruling of the Insurance Department, companies organized under the provisions or article 5-a of the Insurance Law are required to carry a special contingent surplus equal to 10% of the compensation premiums earned, less 50% of the earned catastrophe reinsurance. The purpose of this requirement is to provide funds which may be used, if necessary, to meet losses arising from an accident in the nature of a catastrophe.

Re-insurance

The company has entered into a reinsurance contract with the American Reinsurance Company. Section III of said contract reads as follows:

This reinsurance is subject to the same terms, conditions, endorsements and clauses (except prohibited risks) as the original policy or policies, and to pay as may be paid thereon, but only up to $75,000, being the excess of $25,000 ultimate net loss to be borne by the company in respect of each and every accident or occurrence or series of accidents or occurrences arising out of one event.

INDUSTRIAL MUTUAL LIABILITY INSURANCE

ASSOCIATION

NEW YORK CITY

Examined to ascertain condition April 30, 1919.
Report dated June 20, 1919.

Examiners: W. A. Billingham, F. H. Trench, H. C. Clark.

The company was incorporated February 4, 1914, pursuant to the provisions of article 5-a of the Insurance Law. It began the underwriting of workmen's compensation insurance as of July 1, 1914, and continued to issue such polices until March 31, 1917. Upon the latter date a tripartite contract was entered into by the Industrial Mutual, the Metropolian Mutual Liability Insurance Company and the Knickerbocker Mutual Liability Insurance Company (the Kinckerbocker Mutual has changed its name to Allied Mutuals Liability Insurance Company) under the terms of which the business of the two first named companies.