644 
INSURANCE 
BRITISH & FOREIGN MARINE 
INSURANCE COMPANY, Ltd. 
,/LIVERPOOL, LONDON and NEW YORK 
THIS COMPANY INSURES RISKS UPON SECURITIES, BANKNOTES, 
BONDS, SPECIE, MERCHANDISE, AUTOMOBILES, FREIGHTS, 
HULLS, AND INLAND TRANSPORTATION AND MARINE RISKS 
Losses Made Payable in the Chief Cities of the florid 
LONDON BRANCH MELBOURNE BRANCH SYDNEY BRANCH 
1 Old Broad Street, London 57 Queen Street, Melbourne 56 Pitt Street, Sydney 
UNITED STATES BRANCH 
COTTON EXCHANGE BUILDING, NEW YORK 
W. L. H. SIMPSON W. A. W. BURNETT J. H. WALTERS 
Underwriter Sub-Underwriter Secretary 
MARINE INSURANCE 
Hulls, Cargoes, Merchandise, Specie, Bonds 
Issue Policies on All Classes of Marine Risks , 
Including Yachts. Registered Mail and Parcel Post. 
Losses Made Payable in All Parts of the World 
ROYAL INSURANCE COMPANY, Ltd. 
of Liverpool, England (Marine Department) 
QUEEN INSURANCE CO. of AMERICA 
of New York (Marine Department) 
STAR INSURANCE CO., of New York 
(Marine Department) 
NEWARK FIRE INSURANCE CO. 
of Newark, N. J. (Marine Department) 
MARITIME INSURANCE CO., Ltd. 
of Liverpool (U. S. Branch) 
84 William St., New York City 
John E. Hoffman . . . Marine Manager 
INSURANCE NOTES 
Copenhagen Fire-Protection Exposition 
Insurance men throughout northern Europe 
were much interested in the fire-protection exhibi¬ 
tion held in Copenhagen in September. An oppor¬ 
tunity was afforded for examining the latest de¬ 
vices for extinguishing fire, besides the latest in 
fire-proof roofings, fire-proof separation of floors, 
fire-resisting doors, fire-resisting glass, etc. 
Russian Fire Insurance Problems 
The chairman of the board of directors of the 
Russian Fire Insurance Company, Salamandra, 
N. A. Belotsvetov, writing in a German publica¬ 
tion, states that since he believes the isolation of 
Russia is now virtually at an end, a new insurance 
structure must be raised on the ruins of the old 
order of things. The Soviet Government, he states, 
is willing to leave matters of adjustment to capi¬ 
talists and to the principle of free competition. 
The only feasible way, however, is for those 
formerly identified with the insurance business to 
form a trust with far-reaching participation of 
foreign capital. M. Belotsvetov is of the opinion 
that a good beginning can now be made, and that 
as internal affairs of Russia improve, the insur¬ 
ance business is bound to follow suit. 
L. J. Dougherty Heads American Life 
At the annual meeting of the American Life 
Convention, held at Milwaukee, Lee J. Dougherty, 
secretary and general manager of the Guaranty 
Life Insurance Company, of Davenport, Iowa, was 
elected president. 
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