GERMAN FIRE INS. CO.                             475
All other licenses, fees and taxes:
Federal corporation tax .........    ....................  $129 00
Fire marshal tax ..........     ........................   357 72
486 72
Other disbursements:
Interest on real estate mortgages ..................     $1,970 25
General expense ......          ..                       2,217 51
Paid on real estate mortgages      .      ...........   15,000 00
-   --  19,187 76
Paid stockholders for interest or dividends (amount declared dur-
lug the year)                .         .         .20,000 00
Agents' balances charged off.                   .       ..... .......   3,353
12.
Total disbursements .$505,686 37
Balance ..............................................  $916,901 84
LEDGER ASSETS.
Book value of real estate .       ...........................  $250,000 00
Mortgage loans on real estate, first liens .   .10,271 00
Book value of bonds, $13,100.00, and stocks, $209,924.96  223,024 90
Cash in company's office ......  .........  $1,842 83
Deposits in trust companies and banks
on interest ............. ..............  124,242 88
126,085 71
Agents' balances representing business written sub-
sequent to October 1, 1912 .106,037 39
Agents' balances representing business written prior
to October 1, 1912 .1,482 78
Total ledger assets ............    ..............................  $916,901
84
NON-LEDGER ASSETS.
Interest accrued on mortgages ....... .............................     6,072
24
Market value of bonds and stocks over book value ..................    87,925
04
Gross assets .      ................................................ $1,010,899
12
DEDUCT ASSETS NOT ADMITTED.
Agents' balances representing business written prior to October 1,
1912 ..............................................................    1,482
78
Total admitted assets ...........$............................. $1,009,416
34
LIABILITIES.
Gross losses adjusted and unpaid, not yet due .          $25,092 99
Gross claims for losses in process of adjustment or
in suspense .38 550 00
Gross claims for losses resisted .2,855 89
Total ...             ... $66,498 88
Deduct reinsurance due or accrued .6,113 31
Net amount of unpaid losses and claims .....    .............   $60,385 57
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running one
year or less from date of policy, $333,354.87; un-
earned premiums (fifty per cent) .$166,677 43
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running more
than one year from date of policy, $565,265.72; un-
earned premiums (pro rata) .313,108 18
Total unearned premiums as computed above           .     .     479,785 61.