878


SUBSCRIBERS AT UNITED STATES "LLOYDS.


lXI'EliWF.M1: [TI:AX VN AND IN VESTME'N'T EXHIBIT  Continuied.
LOSSES.               I             I
,osses paIid.                        $ . . . 1,065,980 501. .. .   ..........
D educt unrplalid losses December 31 of!                       I
previouAs yea.r ........              362,111 881 ........    I
Talllrrjice .          ..I $703,868 621 .
Add u1p1lidid losses December 31, end!
of the year .......               1   551,448 331.............. I.............
I_.11
Losses iucurred duriiig the year     ............... 1$1,255,316 95 .
I         .                I  ',
1NDE)E1M1T'IING EXPENISES        I
IUmlerwritin- expenses paid   durigfi1
the yeair ..........................  $630,251 341 ........   1.--.-----
Deduet underwritiiig expenses unpaid!            I             I
Decenibtr 31 of previous yearii . ......  6 5,768 151!.. ............ ---.-----.
*              I           ~      ~      ~~~~~~~~~~~~~~~~~~~~~~~~~~~I  I
I   i    .......e...... ; 1       $564,483 191 .............. -.-.-.-.-.-
Add lnd(leorritiiig expenses unpaidl              I            I
l)ece-lber 3)1, end of the year ... I  53,487 80(1 .....1     I.---
1.lTierw-ritilii eXl)eiipes iiiell-red (dr-      I             I.
igr{ tI he , ('II . ....         ....     ...... !  617,970 991 .
I             I-
Undi~erwriting ISO  and expenses ... ..........  .    ...... 1,873,287 94
(li in fromi 1underwriting  du inug the!         l             I
year . .....                                                     $, I..............
........ .  $42,565 1.5
I.            I            I
INVESTMIENT EXHIBIT.II
Tiiterest aiid Rents.      !
Itierest. dividends Tluid rents received!
(lidrilig the year .............-.......I  $39,997 85! .........------ .............
Deduct itit-rest. dividonds and reits            I             I
acerued December 31, eud of thel               I
ye~r .......                 ,    1     9,483 331 ........     I
Bala1e.                       !1 $30,514 52! .
.Adld iii terest. d ividendls .a-nd rents ac-I
(rild I(-4 l)eiber 31, eii(l of the yearl  11,403 33! .... .
T (ta.I .      $......                 41 I       .           $41,917 85
LOSS ON INVESTMENTS.           I
Loss froni decrease in book value of!            I
leldger asset-s ....1.......          $11,050 91 ........   . I.
Logss froll  chaige in difference be-!            I            I
tweeii )0ook anid maiket value dlur-!           I            I
ilug the yearl .....   .......-.I      3,375 00. .
ross oi investimnents during time year!............... $14.425 29!..............
TNVESTMENT EXPENSES.            I
linvetirielt expenses; paid during the!          I            1
year.-      ''                      I.         I    , 1 ,.059 39. . .  .
Inivestniviit, losses and expenses dur-!         1
ing the year          .            .I                             115,455
12
Gain  from  investments during   thel             I            1
.yea r       * -           - - .   .         .I .............. 1  $26,432
73
.......=.