CALEDONIAN INS. CO.                             909
UNDER WIR'ITING A ND INVESTAIMENT EIXHIBIT-Continued.
LOSS ON INVESTMENTS.
Loss from sale of fedger assets .....        $202 °°1. -.... I...........
Loss from   change in difference be-I               I             I
tween book and market valum dur-j
ing the year ..........                  17,770 001 ....... !
Loss on investments during the year? ...............    $17.972 00O.
INVESTMENT EXPENSES.             I
Investment expenses paid during thei                              I
year ...........                     ..                 26,814 ll .
Investment losses and expenses dur-                              .1
ing the-year           ....       .......                       1     44,78611
Gain  from   investments during    the1             I
year .                              I.          ..                   $60.958
38
I             1.            I
TMISCELLANEOUS EXHIBIT.           I                cain in       Loss in
l             I Surplus.    I Surplus.
* I            I             I
Remittances to home office ......................        ........     $23,575
03
Net loss from above ..................          .... I.-.--I.---.l     $23,575
03
Total gains and losses in surplus dur-l I I
ing the year.- .       -      .----.-.- 1   ..-; .-.   $82,138 851   $23,575
03
Surplus De-. 31, 1911 ..................l $56,±iA9 751 ......... 
  I
Surplus Dee. 31, 1912 ................ I  619,013 571 .
Increase in surplus during the year................56.............. 1   58,563
82
Totals ....                                    1- $82,138 851 $82,138 85


Per cent of losses incurred to premiums earned 57.25.
Per cent of underwriting expenses incurred to premiums earned, 41.20.
Per cent of investment expenses incurred to interest and rents earned, 25.85.
Per cent of total loqqe- and expenses incurred and dividends declared to
total income earned, 96.17.