600             MASSACIUSETTS FIRE & MARINE INS. CO.
LIABILlTIES.
Gross losses adjusted and unpaid, not yet due ........  123   78
Gross claim for losses in process of adjustment or in
suspense, plus $5,969.25 fire; reserve for losses in-
curred prior to Dec. 31, of which no notice had been
received on that date ..................         '    43,551 00
Total .........$ 58,785 78
Deduct reinsurance dub or accrued.3,502 70
Net amount of unpaid losses and claims .......................  $55,283 08
Gross premiums (less reinsurance) received anld re-
ceivable upon all unexpired fire risks running one
year or less from date of policy, including interest
premiums on perpetual fire risks, $279,731.21; un-
earned premiums (fifty per cent) ......  ..............  $139,865 61
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running more
than one year from date of policy, $294,045.44; un-
earned premiums (pro rata) .....                     198,788 03
Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired marine
risks, $131,259.84, unearned premiums (510 per cent)  60,629 92
Total unearned premiums as computed above ........... .....   399,283 56
Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued..
 2,476 19
Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement    ; .........  7,3005
75
Total amount of all liabilities except capital .$464,648 58
Capital actually paid up in cash......................  $500,000 00
Surplus over all liabilities .373,208 36
Surplus as regards policyholders ...................................  873,
208 36
Total liabilities .   ............................................. $1,337,856
94
RISKS AND PREMIUMS.
Gross      Marine and       Gross
Fire risks.   premiums        inland      premiums
thereon.       risks.       thereonD.
In force on the 31st day]
of December .........!  $45,891,667   $460,329 87      $737,3681  $26,377
71
Written   or   renewed!
during the year ...... I  53,550,142 ' 538,899 05!   9,417,4831   168,325
42
Total ..           1 $99,441,8091  $999,228 921  $10,154,851!  $194,703 1:3
Deduct those    expired!                          f l
and marked off as ter-!                         I             I
minated  ...      .. 1   35,484,011!   354,504 381    5,795,7801   65,158
97
In  force  at thel                           i           I
end of the yearl   $63,957,7981  $644,724 541  $4,359,071!  $329,544 16
Deduct   amount   rein-!             I            I             I
sured .    .  !.          7,590,2261    70,947 891 -    240,9221    8,284
:12
I - - --~~-I                                - -I l- --
Net   amount    in!            I             l
force.   .         $56,367,572$1 573,76 65!    $4,118,1491  $121,259 84
____                  I~~~5636,52  $573