declared a dividend of three per cent to stockholders of record as of November 29, 1919. Organization There are twenty directors elected annually, of whom a majority constitute a quorum. There is an executive committee of eight directors and the president. The number of shares of stock owned by the directors is 1,00412. Employees are covered by a blanket fidelity bond. It is apparent that the company is in much better condition than at the time of the last examination. Nearly all the criticisms in the previous report have been met and the increased value of real estate has been of great advantage in placing the company in a much stronger position. CREMIEUX BENEVOLENT SOCIETY NEW YORK, N. Y. Examined to ascertain condition as of September 30, 1919. Examiner: J. F. Tucker. This society was incorporated in 1851 under an act of the Legislature of the State of New York entitled: "An act for the incorporation of benevolent, charitable, scientific and missionary societies." It is now operating under the provisions of Article VI of the Insurance Law of this State. Financial Statement The financial condition of the society as of September 30, 1919, was found to have been as follows: |