MASSACHUSETTS FIRE & MARINE INS. CO.                          599
Expenses of adjustment and settlement of losses ..................      
   ,46 37
Commissions or brokerage .......                         ...............
 1(36,819 90
Allowances to local agencies for miscellaneous agency expenses ....     
     00 4
Salaries, $12,224.84, and expenses, $4,080.95, of special and general
arents   .............................. .0 16305 79
Salaries, fees, and all other charges of officers, directors, trustees
and home office employes                      .          .              30,042
59
Rents .      .............................................................
 6;, 498 .4
Advertising, $3,676.03; printing and stationery, $5,554.28    .    .    
  9,230 3 1
Postage, telegrams, telephone and express              .       .2 ,601 97
Furniture and fixtures     ........................ ......................
 1, 1 37 82
Maps including corrections            .......................................
 1.509 5s8
Underwriters' boards and tariff associations            .       .       
  3.808 75
Fire department, tire patrol and salvage corps assessments, fees,
taxes and expenses          ..............................................
 4,992 46
Inspections and surveys .............        ............. .........    
  2.289 33
State taxes on premiums ...........................................     
  4,639 01
Insurance department licenses and fees ............................     
  1.979 (10
All other licenses, fees and taxes:
City taxes .    ..........................................  $638 42
City licenses ...................93....................      96 65
-1,575 0)7
Other disbursements:
Insurance ..................... ........................    $1,54 06
Alfred M. Best & Co., subscription ...... i        ...........  20 00
UTnderwriters' 'rotective Assn., subscription .......        200 00
R. G. Dun & Co., subscription ......................         2 40 0()
Alfred M. Best & Co., subscription key ratings .....          5 0(
Miscellaneous ..................    ....................     239 47
858 52b
Gross decrease, by adjustment, in book value of ledger assets:
lionds .............................................................    
1, 343) S1
Total disbursements ............       .............................  $452,298
04
Balance ................     ................................ $1,311.463
06
LEDGER ASSETS.
Loans secured by pledge of bonds, stocks or other
collateral ....................$500. 1).                        0 o
Book value of bonds, $825,565.51, and stocks, $282,288.23  1,107,853 74
Cash in company's office ................       $755 39
Deposits in trust companies and banks
on interest ..............  .............    58,011 81
58,767 20
Agents' balances representing business vritten subse-
quent to Oct. 1, 1912..                 .............     93,317 60
Agents' balances representing business xvritten prier
to Oct. 1, 1912 ...............  .......................   1,524 46
Total ledger assets                     .$1,311, 463.0 6)(
NON-LEDGER ASSETS.
Interest accrued on bonds .....$ 8,446 '.l
Interest accrued on collateral loans ..................        2 40 28
Interest on special bank deposits .....................        134 47
Total ............                                                    s1
i4
Market value of bonds and stocks over book value'.......-               
 19,097 26
Gross assets .      ................................................. . 1,339,381
.10
D1EDUCT ASSETS NOT ADMITTEDI).
Ageunts' b)nlanees representing business vittetn l)rior
to Oct. j, 1912_................................................... .   $1,52-1
-(
.liotal  admi1 ted  assets . ... ..       ......................   ,l7 .
  87.K   94