148


REPORT OP THE COMMISSIONER OF INSURANCE.


BOOKS AND RECORDS
The books and records of this Exchange are well kept but
they are, like many other of these exchanges., in such a con-
densed form that financial statements are' compiled with con-
siderable difficulty.  We recommend that the company install
an accounting system having the ledger titles mentioned in.
the preliminary remarks on these exchanges.
ADMINISTRATION OF EXCHANGE
The Exchange seems to be well administered and Mr. Lynton
T. Block, the attorney-in-fact, is a man having a wide exper-
ience in the liability business, having previously been connected
with the Travelers Insurance Company as superintendent at
its home office. While this Exchange is still in: its infancy and
it has history still to make, the indications are that it is making
conservative but good progress in the liability business.
CASUALTY RECIPROCAL EXCHANGE.
Location of Exchange, Sharp Bldg., Kansas City, Mo.
The Casualty Reciprocal Exchange is an inter-insurers as-
sociation, transacting a liability business. It was organized in
1912 and is under the same management as the Reciprocal Ex-
change, which writes fire insurance business only. At the present
time it is accepting risks on brewers, ice manufacturers, publish-
ers and bakers. The. number of risks in each classification is as
follows:
Bakers ...................        ...............           173
Publishers .................................................  54
Ice manufacturers .............................................  632
Brewers .................................................   208
1,067
The amount at risk and the deposit premiums in force on May
31, 1913, were as follows:
PAY ROLLS IN FORCE
Amount of pay rolls, Jan. 1st, 1913 ..................  $4,658,073.43
Amount of pay rolls written ....... .................  6,154,668.04
Total .................. ........................ $10,812,741.47
Deduct pay rolls cancelled and terminated ............  3,234,159.09
Pay rolls in force May 31st, 1913 ..............  $7,578,582.38,