Report of All Proceedings Under the Trading with the Enemy ACT During 1918 and to Feb. 15, 1919 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ... business in Germany, viz, the New York, the Equitable, the Mutual, and the New i'ork Germania; but only the New York and the Germania have written new insurance policies since 1S95, when more stringent conditions were applied to foreign insurance companies in Germany, while the Equitable and the Mutual limited themselves to the execution of their existing liabilities. Policyholders are still required to pay premiums. At the end of 1915 these four agencies earned, according to reports, ordinary life policies amounting to 518.69 million marks, and endowment polities amounting to 11.80 million marks. The annual premiums on such policies amounted to 12.67 million marks. It has frequently been pointed out that in apite of the prohibition of payments against the United States, payment of premiums on policies taken out in American insurance companies must be made in order to maintain the rights under such policies, if these policies have been Vrilteu by branch offices established in Germany. Thin view has been confirmed by the imperial insurance office aa follows: The ordinance of August 9, 1917. relating to the prohibition of payments against the United Stales is not applicable with respect to claims of branch offices established by foreign insurance companies in Germany. Whether or not premiums on insurance policies may be paid depends upon the fact whether or not the policy was written in Germany. If, according to the prohibition of payment, payment of premiums to foreign companies is not permissible, the policyholder may free himself of his obligation by depositing the premiums due with the trustee for enemy property.--T. H. T. in Frankfurter Zeitung, August 26, 1917. TRANSFERS MADE PRIOR TO DECLARATION OF WAR. In a note of March 25, 1918, from the legation o...