40 RUSSIA - INSURANCE AND THRIFT 



The premiums received in 1014 were as follows : 



For insurance of horses only 115,030 francs 



cattle " 23,444 



" reserve fund '^.311 



collective insurance of horses and cattle 104,251 " 



251,036 francs 



This sum represents 1.4Q per cent, of the average amoimt of the in- 

 sured value during the year considered. Other receipts, interest, etc. brought 

 the societies 19,715 francs or 0.12 per cent, of the average amount of the 

 insurances. The total receipts amounted therefore to 270,751 francs or 

 1.60 per cent, of the average amount of the insurances. Of this sum there 

 was spent*: 



on indemuities . . . 201,104 francs or 1.19 per cent, of the insured value 



" costs of a'lniiuistralion. . . . ::o,6o2 " " 0.17 " " " " " 



" increasing the reserve fmul . . 16,0^3 " " o.io " 



" other fxninscs 15,287 " " 0.09 " " 



Total . . . :(i:,Oi5 " " i.S5 



There is therefore an available balance of 8,736 francs. 



The costs of administration amounted to 12.2 per cent, and othej 

 expenses (costs of organization, interest, etc.) to 6.3 per cent, of the pre- 

 miums received in the year. 



The balance-sheets of the societies show, when engagements have 

 been subtracted, a credit surplus of 116,211 francs or 6.79 francs per thou- 

 sand francs of the capital insured at the end of the year. As appears these 

 societies have not yet anassed considerable capital. 



