1178                 LUMBER     MUTUAL FIRE INS. CO.
LUMBER MUTUAL FIRE INSURAN CE COMPANY
Boston, Massachusetts.
Home Office, 141 MILK ST.
[Incorporated February 13, 1895; commenced business March 28, 1895; admitted
January 1, 1904.]
President, GEORGE W. GALE.             Vice President, HORACE B. SHEPARD.
Secretary, HARRY E. STONE.
BALANCE SHEET.
Amount of ledger assets Dec. 31 of previous year ....................  $675,087
3:1
INCOME.
Gross premiums .....                                    $485,946 26
Deduct gross amount paid for return premiums ......       61,841 30
Total premiums ............................                     $424,104
96
Gross interest on bonds, less $897.09 accrued interest
on bonds acquired during 1912 ......     ..............  $24,750 82
Gross interest on deposits in trust companies and
banks ..............................................     3,511 63
Gross interest from all other sources:
Interest on overdue premiums ......................         1 69
Total gross interest .................28......                    28,264
14
Friom other sources: Gale & Stone. agents ....           I ........ 
  19,000 00
From agents balances previously charged off .......................     
   9 11
Gross profit on sale or maturity of ledger assets: Bonds ..........     
 150 88
Gross increase, by adjustment, in book value of ledger assets:
Bonds .............................................................     
624 26
Total income ...............    ..................................  $472,153
35
Total footings ..........     ............................... $1,147,240
66
DISBURSEMENTS.
Gross amount paid policyholders for losses (including
$5,677.93 occurring in previous years) ............... $146,077 06
Deduct amount received for discount ..................      279 16
Net amount paid policyholders for losses .....................$ 145,797 .90
Expenses of adjustment and settlement of losses ....................-   
 216 44
Commissions and brokerage ........................................     22(657
1(3
Allowances to local agencies for miscellanEous agency expenses....      2,326
70
Salaries, fees and all other charges of officers, directors, trustees
and home office employes .........       .............................. 
37,452 66
Rents ..............................................................    3,631
32
Advertising, $398.76; printing and stationery, $1,890.34 .      ............
 2,289 10
Postage, telegrams, telephone and express ..........................   1,056
92
Legal expenses .     .....................................................
 154 7(;
Fuirniture and fixtures ...................5 ..                         
  80 27
Fire department, fire patrol and salvage corps assessments, fees,
taxes and expenses                           ................. *        
237 2.3
Inspections and surveys         ...........................................
 15,5175 86
State taxes on premiums ......................................... .     6,729
24
Insurance department licenses and fees ................ ............    1,374
00