958               LONDON & LANCASHIRE FIRE INS. CO.
UNDEIRIWRITING AND INVESTMENT EXHIBIT-Continued.
I             iI
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents received             I             I
during the eyar .....................  $163,182 84 .........S.
Deduct interest, dividends and rents         ,.                         
  .
accrued Dec. 31, 1911    ....    ...    44,152 231 ..........
Balance               $.........    119,030   .........
Add interest, dividends anednts ac-
crued Dec. 31, 1912 ...............j.   47,211 25i .............  ......
Total ............                 $166,241 61 .........     .
Deduct interest in default Dec. 31,1912,
$3,, less $2,000 in default to Dec.1
31, 1911 .............................   1,000 00 ............
Interest and rents earned during 1912. ......I...................... $165,241
86
LOSS ON INVESTMENTS.
Loss from   change in difference be-
tween book and market value during
1912, bonds ..............$..... ..      48,147 50 ....    ... ..............
Loss from other investments: Market          ,
value of real estate reduced .........   50,000 0(f ......         ..............
Losp on investments during 1912 ...... ..............  $98,147 50 .
INVESTMENT      EXPENSES.                      |
Ilnrestinent expenses paid during 1912        . . | .....  21,101 661.
Investment losses and expenses during      .
191.2  ................................  .. . . .. . .  ... .. .. .. .  119,249
  16;
1912.lI                                               I       ..
Gain from  investments during 1912 .         .............II..............
 $ ,45,992 70
MISCE]LLANEOUS EXI-IITIT.         I                Gain in       Loss in
I                Surplus.   j  Surplus.
'ecelipts from home office ............$......        $252,761 411 .
R1enlittances to liomie office .    ...........$...........5..............
51....  l . 8584.18 27
Net loss from above ..................$3........... .......           31
:356 83
I             I-           1_
Totail g.aims anmd losses in surplus (ur-1         I             1
ilig 1912.                     .I                    $315,800 751 $331,356
'3s
SXulrpluls 1)ee.  ,                          1,9:1.)1,1 ....... $1, 2,  .
7 X ..
Surplus Dec. 31, 1912 ......            1,611,437 70 .
Decrease  ii   surplus   (luring   1912 ..................... I,  556   081
............. .
lTotalls ..    .$.         .     .                331,356 831  $331.356 83
Per cent of losses incurred to premiums earned, 48.33.
Per cent of underwriting expenses incurred to premiums earned, 41.17.
Per cent of investment expenses incurred to interest aind rents earned, 12.77.
Per cemit of total losses and expemises ineLurred and (lividends declared
to total
income earned, 88.44,