No. 1. 

 Gloucester Mutual Fishing Insurance Company. 



This Policy of Insurance Witnesseth, That the Gloucester 

 Mutual Fishing Insurance Company, in Gloucester, do by 



these Presents, cause for whom it may concern, To be Insured, 



lost or not lost, Hundred Dollars, on seven- 

 eighths of the Schooner and Hundred 



Dollars on the Outh'ts or Catch, Commencing this day and 



terminating the thirtieth day of November next, at 12 o'clock, noon ; 

 And to be insured in the manner prescribed by the By-Laws, 

 and to be subject to all the restraints and liabilities therein 

 set forth. 



And especially does this Company agree to insure only 

 seven-eighths of any one vessel, nor over eight thousand dol- 

 lars on any one risk. 



The owner or owners, in all cases who are insured by this Company, 

 in p| shall always have one-eighth of said vessel, as valued by the 

 Directors, on his or their own risk, and shall not be allowed 

 to insure said one-eighth, or any portion thereof elsewhere. 



This Company does not insure against Barratry of the Mas- 

 ter or mariners. 



No claim for loss on, or damage to, Fresh or Frozen Fish, Salt Her- 

 ring in bulk, Dories, Trawl Gear, Nets, Seine, or Seine Boat, shall be 

 allowed by this Company, unless in case of total loss of vessel. 



The insurers shall not be liable for any partial loss on Salt, 



Coal, Grain, Cured Fish, or Fruit, either preserved or otherwise. 



or other goods that are esteemed perishable in their own nature, when 



carried on freight, or on the freight thereon, unless it amounts 



to 10 per cent, on the whole aggregate value of such articles, 



and happen by stranding. 



No claims shall be had for Outfits or Catch, insured, unless 

 ' the loss amounts to or exceeds 10 per cent, on the value of 

 outfits or catch on board at the time of loss, and that loss shall be 

 caused by fire or the dangers of the sea/ 



It is aiso agreed that this Company shall not be liable in 

 any case for loss on or damage to Outfits or Cargo carried on deck, nor 

 for loss or damage to the cargo of any vessel employed in freighting, 

 unless the loss amounts to 20 per cent, of the value of said cargo, and 

 then for the excess above 15 per cent. only. 



Amount of pre- >"o vessel shall be insured by this Company except those 

 hailing from Gloucester. 



No vessel shall be insured by the Company while engaged 

 in the business of carrying Sand or Stone. 



If there be any Lime on board, one hundred per cent, to be added to 

 the premium for the passage. 



poiicv *, No claim for loss on the hull of a vessel shall be allowed by 



this Company, unless said loss or damage shall amount to the 



following percentage on the whole value of said vessel as valued in the 



