QUEEN INS. COMPANY OF AMERICA.                           779
Expenses of adjustment and settlement of losses ...................     64,730
27
Commissions or brokerage .........................................     951,067
5:1
Allowances to local agencies for miscellaneous agency expenses ....     21,011
42
Salaries, $107,307.45, and expenses, $70,939.77, of special and general
agents .................................                              178,247
22
Salaries, fees and all other char-es of officers, directors, trustees
and home office employes ...................     .....................  331,883
42
Rents ..47, u(; ;
Advertising, $21,521.12; printing and stationery, $47,667.52  .   .     69,188
(;4
Postage, telegrams, telephone and express             .       .         3
0,750 64
Legal expenses                          ..695 89
Furniture and fixtures.5,823 92
Maps including corrections           ......................             14,240
99
Underwriters' boards and tariff associations        .       .5 1,342 53
Fire department, fire patrol and salvage corps assessments, fees,
taxes and expenses        ...............................................
 29,724 .58
Inspections and surveys      ..................... ......................
 25,480 36
State taxes on premiums          ..........................................
 78,508 32
Insurance department licenses and fees              .        .          20,911
03
All other licenses, fees and taxes:
Federal corporation tax ......                           $5,463 93
Municipal licenses .      ................................  10,473 85
Local taxes ................ I ........................   3,985 51
Personal property tax ........      .....................    24 15
Provincial taxes ............   .......................     652 13
Franchise tax .    .......................................  1,241 00
21,840 57
Other disbhrsements ....................         .....................  
28,499 60
Paid stockholders for interest or dividends (amount declared dur-
ing the year) ..      ................................................. 
300,000 00
Agents' balances charged off ....                                       
  1.46 95
Gross decrease, by adjustment, in book value of ledger assets:
Bonds .............................................................    29,534
64
Total disbursements ............... t    .......................... $4,845,710
04
Balance ................................................. $10,085 857 9(6
LEDGER ASSETS.
Mortgage loans on real estate, first liens ........       $65,000 00
Book value of bonds, $6,124,526.08. and stocks, $2,681,-
350.19 ..............................................  8,805,876 27
Cash in company's offices ............ .     $7,869 97
Deposits in trust companies and banks
not on interest .........  ..............   1,834 12
Deposits in trust companies and banks
on interest ...........................   418,816 51
428, 520 60
Agents' balances representing business written sub-
sequent to Oct. 1, 1912 ....................   .        779,032 d4S
Agents' balances representing business written prior
to Oct. 1, 1912 .7,135 15
Bills receivable, taken for fire risks.                       293 49
Total ledger assets .......................................   10,85,8857
9!
NON-LEDGER ASSETS.
Interest accrued on mortgages .1, 405 1.9
Tnterest due, $973.33 and accrued, $81,831.71 on bonds     82,805 04
Interest on other assets: Bank balances .............      1,094 ()0
Total ..................85,30............                          85,?,4
17
Other non-ledger assets:
Dule for reinsurance on losses paid..............................     I5,148
62
Commission on unpaid reinsurance premiums.        ...................  13,
66S 4-1
Gross assets .......    ... .,              .              $10,1199,979 19