122


REPORT OF THE COMMISSIONER OF INSURAZcat:.


not expire on December 31st of each year. Owing to these
Taets, it was quite difficult to prepare a statement along the
lines of the conventional blank. We would recommend that
this exchange study carefully the outlines of the accounting
system suggested in the preliminary statement.
BONDS
The valuation of the bonds of the exchange, as of August
9th, 1913, was as follows:


_




Penn. it. 1. Co. Conv.
Ches. & 0. R. Bi. Co....
WV. Nor. Car. R. R. Co.
Int. Ii arvester Co......
N. Y. City assessment.
N. Y. City cons.........
N. Y. Cent. it.      Co..
Deere& Co. 5r)1d r otes
se i es D...............
Trotal........


. Book     Par
value.   value.
31 Per cent due Oct. 1,
1915..                   $9,687 50  $10,000
41 per cent coupon notes
dtue from June 1, 1914..  9,925 00   10,000
6 per cent due Jan. 1, 1914 10,225 00k  10,000
5 per cent coupon notes             l
due Feb. 15,1915          10,025 001  10,000
4 per cent 1916 .14.817 38             15.000
32' per cent diue Nov. 1,
1916 .24,302 28                      25,000
41 per cent coupon notes.
due AMay 1, 1915........  9,931 25   10,000
5 per cent Au--. 1st, 191.5..  9,950 00  10,000
.....................  9......  f 8,863  41  $ 100,000


Rate.


51 arket
value.




97
II 98
100
99
98
97
99
98


$9,700
. 9,800
10,000
9, 900
14,700
24.250
°, 900
9,800


I


I'-


I $80
........  ...i$98,050


The bonds were counted and their market values obtained by
a leading broker in New York City.
UNPAID LOSSES
The estimated amount of unpaid losses, as of August 15th,
11913, was as follows:
UNPAID LOSSES
August 15, 1913
J. S. Betts Company, Greenville, Fla., May 5, 1913 ........     $26.25
Owl Bayou Cypress Company, Strader, La., June 14, 1913..        540.00
Lake Independence Lbr. Co., Big Bay, Mich., June 6; 1913..      626.32
Hilton-Dodge Lumber Co., Demere Hammock, Ga., July
11th, 1913..125.00
lat,  91  ........................ .................... 150
Carrier Lumber Co., Sardis, Miss., August 1, 1913 ........       78.47
Total .    ............................................  $1,396.04
Loss of E. B. Merril & Brother, Lake, Mich., August 11,
1913 .      ..............................................  $12,152.78