COMMERCE INS. CO,


359


U.NDERWRITiNCG AND INXVESTMMENT EXI-JIBIT-Continued.


Underwriting expenses incurred dur-
ing   the  year  .......................              106,905   14  ........
.
Underwriting losses and expenses....      ........... ............    256,634
37
Loss from   underwriting during the1
the year .                                                          $16,56
88


-_-_____- _,-I__ ______-,__ _ ___


INVESTMENT EXHIBIT.
Interest and Rents.        I
Interest, dividends and rents received
during the year ........ .............  $36,812 44
Deduct interest, dividends and rents
accrued December 31, end of thel
year ......                .....        5,478 050.
Balance .$31,334 39 .
Add interest, dividends and rents ac-             I
crued December 31, end of the year.     4,598 321.
Interest and rents earned during theI
year  ............ ......................  .. ...........  $35,932  71
PROFIT ON INVESTMENTS.
Gain from sale of ledger assets .....    $4,390 00..............
Gain from change in difference be- l
tween book and market value dur-I
ing the year ......................    20000        ...........
Profit on investments during the year ...... ........  24,390 0
Investment income earned during the1.
year ..       ..              ..a.   e .............. ..............


lI...............


$00,322 71;


LOSS ON INVESTMENTS.
Loss from sale of ledger assets ...
Loss from- change in difference be-
tween book and market value dur-
ing the year .........
Loss on investments during the year
INVESTMENT EXPENSES.


1 $4,687 50
4,534 75
I. .. . . . .


I..............I...............
I


$9,222 251..............


Investment expenses paid during thej                                   I
year ............................. I'll     $6,349 311 .....................
Dedluct investment expenses unpaidI
December 31 of previous year ....!           1,950 001 ..   .   ..     ...
Balance ..........I...........      $    4,399 311 ....       ... I     
.
Add investment expenses unpaid De-                      I
cember 31, end of the year .........         23117 001 ......         . 
  .    .
Investment expenses incurred during                     I              l
the year ............................                1      6,516 31!