634O               ASAP8A   & bu+/TiESmNS FIRE m42. 00.
UNI )i t\ \I flIN I A _ ND INVESTMAENT EXHIBIT-Continued.
I            I      '
UNDE RWRITING EXPENSES.
I            Ii
Underwriting expenses paid duringI               I
tare year ...........................  $312,972 261 .
lDeduct underwriting expenses unpaidj            I
lDecenflher 31 of previous year t .....1   10,663 381j........ 1
Balance .                        $302,308 88. .
Add .underwvriting expenses unpaidl              I
D)eceniner 31, end of the year ......   9,000 001..............I..............
UInderwriting expenses incurred dur-|
ing the yelar .*-------------------  1.-...... 1   311,308 881.
U7nderwriting- losses and expenses ...1....... -1--......         789,629
71
( uain from  underwriting during thel            I
Y V U .                     .............|.|,.|                 $25,482 61
INVESTMENT EXHIBIT.                                      t
Interest and Rents.
Interest, dividends and rents received I         I
during the year .                     $61,775 601 .
Deduct interest, dividends and rentsl            I            I
accrued December 31, end of thel               I            I
yea r ..-I............................  6,481 791 ............. I .
Balance ~~~~~~~~~~~~~~~~~~~II
Balance.* -.: -        ........ 1  $55,293 81.          I
Add interest, dividends and rents ac-            I            I
crued December 31, end of the year      5 5,966 131 ............ I
Total ........................ ..............1  1  $61,259 941.
PROFIT ON INVESTMENTS.          I      -
CGain from sale of ledger assets   ...............    1,984 68J.
Investnment income earned during the1
1.                                          . .1 1.... $63,244 62
LOSS ON    INVESTMENTS.
Loss fromn decrease in book value ofj            I
led ge11r aissets ....        ...       $372 771 ..  ..... I      .
Los-s from  ('linae in difference be-I
t'?eel 1hook and manfrket value dur-1
ing th1e year.1                     ................. 15,927 59!.........
Loss ofT investmnemtts (luring the year] ..............  $16,300 361 ..............
I          'II
INVESTMENT EXPENSES.           1
Investment expenses paid during the!            I
year ...........                  I.                 1,448 011.
Investment losses and expenses dur-1
ing the year .......... 1                                        17,748 37
(Gain from  investments during the1.
year ...1 .... ...       .1                                    $45,496 25
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