268


AMERICAN DRUGGISTS FIRE INS. CO.


City license tax, Los Angeles, Cal., $40.00; Topeka,
Kan., $50.00; Greenwood, S. C., $5.00); Macon City,
Ga., $75.00 ........   ,   ......................       170 00
City tax on premiums, Covington, Ky., $ .41; Ga.
bond dept. fee, $3.75 .4 16
-             -   -        ~~~~~~~~61-5 32-
Other disbursements: General office expense.                            
911 73
Paid stockholders for interest or dividends (amount declared dur-
ing the year) .                                                     18,000
0
Gross decrease, by adjustment, in book     value of ledger assets,
viz.: B3 onds, $956.6S; decrease in office fixtures, $06.93 ............
 1,023 61
Total disbursements    ............    .........................  $96,012
78
Balance   ....................... i....................... $329,578 26
LEDGER ASSETS.
Book value of bonds ..............    ...................  $300,848 73
(.ash in colaIpany's office ...... ........   $677 13
Deposits in trust companies and banks
on interest .13,807 59
14,484 73
Agents' balances representing business written sub-
sequent to October 1, 1912 ..........    .........     13,638 32
Other ledger assets:
On certificate of spee. deposit ........                   62 50
Claim against Reinsurance Co. for paid fire loss..          4 12
Total ledger assets ........................................ $329,578 26
NON-LEDGER ASSETS.
Interest accrued on bonds .$4,544 75
Interest accrued on other assets:
On ceritficate of spec. deposit ..........  ...........    62 50
On current account at Western German Bank ..                7 28
Total ................................................          4,614 53
Gross assets           ......... -                 -        $334,192 79
DEDUCT ASSETS NOT ADMITTED.
Furniture. fixtures and safes .$602 37
Book value of bonds over market value.                      461 60
1,063 97
Total admitted assets ..................    ................... $333,128
82
LIABILITIES.
Gross losses adjusted and unpaid, not yet due ......     $1,350  00
Gross claims for losses in process of adjustment or
In suspense, plus $1.592.12; reserve for losses Incur-
red prior to December 31, of which no notice had
been received on that date ..        .....................  7,714 51
Total .             ..............               $9,064 51
Deduct reinsurance due or accrued ..          ...       2,029 43
Net amount of unpaid losses and claims .           ................. $7,035
0O
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, $91,822.04; un-
earned premluijs (fifty per cent)    .     ............... $45,911 32
Gross premiums (less reinsurance) received and re-
ceivable on all unexpired fire risks running more
than one year ,from date of policy, $4,666.53; un-
earned premiums (pro rata)     .....2..................   2,5 5  60
Total unearned premiums as computed above ..............     48,461     9t