RIEPORT OF THE COMMISSIONER OF INSURANCE.


159


$61,604.99. The total income from all sources was $62,862.04.
The commissions paid the attorney amounted to $12,581.10,
and the total disbursements, $13,855.16, leaving a net balance of
receipts over disbursements of $49,006.88.  Of this amount
$13,722.97 is deposited in the Peoples National Bank of Chicago,
Illinois, and $14,937.48 with the Northern Trust Company of
Chicago, Illinois. The amount of uncollected premiums was
$20,346.43, of which $3,488.54 was overdue.90 days or more.
The total admitted assets were $44.839.87.  The unearned
premium was computed according to the Wisconsin standard.
and  amounted  to $24,511.95.  The total liabilities were
$29,642.88, and the surplus and reserve belonging to subscribers
over all liability was $15,196.99.
TRIAL BALANCE OF THE LEDGER
We beg to submit herewith a trial balance of the ledger, as
of September 27th, 1913.


Illinois Indemnity Exchange
Trial balance, S'eptember 271th, .1913
Dr.
Gross deposits written ...................... ..........
K. E. I. I. E ................................  ..........
Peoples National Bank ...................... $13,722.97
Northern Trust Company ...................     14,937.48
Commissions paid attorney ..................   12,581.10
Uncollected deposits ........   ................  20,346.43
Returned deposits .........   ..................   945.20
Premiums on contracts not taken ............    3,423.74
Interest credits .............    .   .'
Losses paid subscribers ......................    345.51
Losses paid adjustment expense .....   .........   608.00
Trustees expense .........    ..................   320.55
Exchange Management Company.............
$67,230.98


C(r.
$65,973.93
678.47
36.03
542.55
$67,230.98


THE AUDIT
The principal books, of entry are. kept in Kansas City, Mo.,
but a record of the. details is also kept in Chicago, Illinois.
The attorney-in-fact had the original books of entry shipped
from Kansas City to Chicago for the purposes of this examin-
ation. The premium receipts were checked from the policy
register. There had been a few Coolections to the payrolls of