CALUMET INS. CO.                             313
State taxes on premiums ............                                 11,870
92
Insurance department licenses and fees.6,833 04
Other disbursements: General expense home office                      4,352
85
Agents' balances charged oft .1,220 89
Gross loss on sale or maturity of ledger assets, viz.: Bonds            162
35
Total disbursements .$436,644 49
Balance .$729,950 86
LEDGER ASSETS.
Mortgage loans on real estate, first liens ..... .......  $18,000 00
Book value of bonds, $557,431.25, and stocks. $290.00  557,721 25
Cash in company's office ......  ........  $6,862 05
Deposits in trust companies and banks
not on interest ........................  6,200 11
Deposits in trust companies and banks
on interest ........... ...............  47,513 38
60,575 54
Agents' balances representing business written sub-
sequent to October 1, 1912 .......    .................  81,058 69
Agents' balan'ces representing business written prior
to October 1. 1912 ..........    ......................  450 67
Bills receivable, taken for fire risks ..... ...........   182 65
Other ledger assets, viz.:
Reinsurance accounts ....................              3,729 62
Reinsurance due on paid losses .............     ....  8,232 44
Total ledger assets .................                        $729,950 86
NON-LEDGER ASSETS.
Interest accrued on mortgages .....................       $371 25i
Interest accrued on bonds .......................        5,438 66
Total .5,809 91
_Gross assets                       .$735,760 77
DEDUCT ASSETS NOT ADMITTED.
Agents' balances. representing business written prior
to October 1. 1912 ..........   .....................   $450 67
Blook value of ledrer assets over market value .....   31,091 25
Winnipeg- Mass., local Improvement bonds deposited
with Manitoba government .........................    10,000 00
41,541 92
Total admitted assets .$64,2i8 89
LIABILITIES.
Gross losses adjusted and unpaid not yet due ......    $17,517 97
Gross claims for losses in process of adjustment or
in suspense. plus $68.98; reserve for losses incurred
prior to December 31. of which no notice had been
received on that date ........    .....................  64,445 49
Gross claims for losses resisted ......   ..............  4,305 59
Total .......................................... $ 86,269 M0
Deduct reinsurance due or accrued .....     ...........  26,871 26
Net amount of unpaid losses and claims ......     ...............  $59,397
79
Gross premiums (less reinsurance) received and re-
(elvable upon all unexpired fire risks running one
year or less from date of noliey. ineludino interest
premiums on perpetual fire risks, $201,021.33; un-
earned premiums (fifty per cent) ................   $100,510 67