LUMBER     INS. CO.                           583
Paid stockholders for interest or dividends (amount declared dur-
ing the year) .....................   ...............................  40,000
00
Agents' bafances charged off ...........      ...........................
 1,982 74
Gross loss on sale or maturity of ledger assets: Bonds ......3.....     
,203 43
Gross decrease, by adjustment, in book value of ledger assets:
Bonds .    .........................................................    414
90
Total disbursements ...........       .............................  $467,199
27
Balance .......                                           $899,976 10
LEDGER ASSET.
Book value of bonds ...............................     $659,000 93
Deposits in trust companies and banks on interest         76,099 76
Agents' balances representing business written sub-
sequent to October 1, 1912 .160,361 21
Agents' balances, representing business written prior
to October i, 1912 .4,514 40
Total ledger assets .      ..........................................  $899,976
10
NON-LEDGER ASSETS.
Interest accrued on bonds .......................                       6,547
47
Gross assets .   ..................................................  $900,523
58
DEDUCT ASSETS NOT ADMITTED.
Agents' balances, representing business written prior
to October 1, 1912 ......$............                  94,514 40
Book value of ledger assets over market value: .......    67,560 93
72,075 13
Total admitted assets ...........     ............................  $834,448
45
LIABILITIES.
Gross losses adjusted and unpaid, not yet due ....        $2,472 36
Gross claims for losses in process of adjustment or
in suspense, plus $3,500.00; reserve for losses in-
curred prior to December 31, of which no notice
had been received on that date ......    ..............  40,127 13
Total .    .........................................  $42,599 49
Deduct reinsurance due or accrued ......     ............  1,677 94
Net amount of unpaid losses and claims .....        ..............  $40,921
55
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running one
year or less from date of policy, including interest
premiums on perpetual fire risks, $428,889.08; un-
earned premiums (fifty per cent) ........   .........  $214,444 54
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running more
than one year from date of policy, $98,697.66; un-
earned premiums (pro rata) ......       ................  53.147 24
Total unearned premiums as computed above ......       .........  267,591
i-8
Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued  
  95 86
Estimated amount hereafter payable for federal, state, and other
taxes based upon business of the year of this statement ....  ....    7,500
00
Total amount of all liabilities except capital .....  ..........  $316,109
19
Capital actually paid up in cash ..........  ..........  $4,00,000 00
Surplus over all liabilities ...........................  118,339 26
Surplus as regards policyholders .......      ...........................
 518,339 26
Total liabilities .............................................  $834,448
±5