144


REPORT OF THE COMMISSIONER OF INSUEIANCE.


FINANCIAL STATEMENT
Thlle financial condition of the Exchange is shown by the fol-
]owing statement.
Income


Gross deposit premiums written .......................
Deduct:
Return deposit premiums .......... $30,649.91
And re-insurance ................       988.73


$89,790.02


-       -         31,638.64
Net premiums .....             ......           $58,151.38
Interest .................   ............................        178.73
Cash advanced by attorney-in-fact .....................       15,000.00
Total income since organization ........  .........   $73,330.11
Disbursements
Gross losses paid since organization ....................    $14,413.24
Legal expense ......................                             343.92
Dividends to subscribers ..........                            1,359.54
Discount for cash deposit premiums ...................         1,221.86
Advisory committee ,expense ......       ....................    461.81
Equalizing cancellations ........................... ;...        579.23
Exchange .     ............................................       39.04
Commissions paid attorney ..........     .................    12,941.00
Total disbursements ...........    .................  $31,359.64
Balance .........      ........................  $41,970.47


Ledger Assets
Cash   on   hand  A   .......................................  $6,186.51
Cash in banks ......                                   .......  19,339.54
Certificate of deposit .......               I                1,000.00
Subscribers' debit balance .......   .......................  15,444.42
Total ledger assets ........   ......................  $41,970.47
Non-ledger Assets
Accrued interest on bank deposit ........................         8.62
Gross assets ..........    .........................  $41,979.09
Assets not Admitted
Subscribers' debit balance ninety days overdue ........       2,673.05
Admitted assets ...............................       $39,306.04