Marine Insurance In Paris...
rADNEInTIsEtrE3nT.1 TO THE EDITOR OF THE TIMZES. Sir,-The publication in vour paper of :he I 5h inst,, of the value of the shares in the different vIarine Insurance Comnpanies at H1am- burgh, proves that it requircs but little calculation 7u ascertain the ruinous consequences to the holders; anel if by thig eepori onlvy a few persons are prevented from plunging headlong into fle vortex of speculation so preralent in the present day, whoever caa#cd the in- sertion will have achieved a real benefit. The doenment rcelem to I know to be au :hentic; and I beg to add myo mite of infonration, ba tatement of w^hat has occurred in France, derived fromsotCsiv , equally to be relied napon. After the restotation, three companies for rarBne 111surance werer established at Paris by Royal Charter-viz., the RoyalI the Com- mercial, and the General Insurance Company. These compa=i.4 ran a short carcer of rivalry with each other, which stoon ended lit g grievous loss to the proprietors, and led to the abandomnetm of the business by the two former: the Commercial ceased itsperations in January, 1822, and the Royal in the early part of last ycar. Tbhis latter has since resumedt as a Fire Insurance Company only2, anc is doing well. The General insurance Company, which is composedl of the most eminent merchants and bankers in Paris,-and condueced on tiraly liberal principle;, continues marine insurancc, with life aii_ fire departments: each branch hlas, however, a separate capital", mostly all paid up, and a distinct adm inistratiOn. By thle cQ.sti- tution of this compar.y, 'd cear statement of their concerns Must bsr laid before the preprietors every six months: that, for the marine tie- pertinent to show the antount of risks the company hastaken, the amotunt of premiums received, losses paid or ad3usted, also of jossew known, though not then brought forward, and the amount of itel; outs(anding. I hare before me the one rendered on the 30th of January Iait. The result pwves that the !malances, utp to the 31st of Decesnber5 1823, after payrmtent oflossesand avera$es settled, snd expenses ot' the ertablishment, is 193,800fr. infavour 't' the account, to set against further los-es known to have occurred, but riot then pzid, to the amount of 936,113fr., showing a loss of 742,513ft. In the compe t cndu, this considerabie loss is reduc e d'2ltS0V.55a8 expectedl indemnity 1rom the Governmenrt, under the conventionbe. tween France and Spain, for Spanish capture7. The outstanding, risks on the 31st of December, 18-23, amounted to 31,166,873fr- lothi the fire and life concemrs of this company are very prosperous- and the shares at higlh premiumsnishe t'rtcr verylate]yat 6'0, and the latter 33 1-3d. There are some,mnrine insurance <omipa- nies in Holland, particularly in Amsterdam; and, according t iln. formation which I believe to be correct, no better success has af- tenided their operations: but not being in possession of any dslcu- nientary evidence, I abstaiin from saying more on tshe stbjeet,rind. trsust that some of your numerous readnrs wiU sunnis' the deficieneir- A MERCk!'X. MARIYNE INSURANCE IN PARIS.