BUFFALO     COMNMERCIAL     INS. CO.                    2959
Salaries, fees. and all other charges of officers, directors, trustees
and home office employes .         ........................................
 14,0,63 50
Rlents for company's occupancy of its own buildings ....       ..........
 1,000 00
Advertising, $5d6.38; printing, and stationery, ,"$1,403.45 ..............
 1,959 83
Postage. telegrams, telephone and express ......        ...................
 1,938 69
Legal expenses .     .....................................................
   69 79a
Furniture and fixtures ..........        .................................
    9 75
Maps, including corrections ........         ..............................
 1,289 25
Underwriters' boards and tariff associations .....        ................
 2,315' 37
Fire department, fire patrol and salvage corps assessments. fees.
taxes and expenses        ................................................
 3,484 76
Inspections and surveys .................                               
  1,534 47
State taxes on premiums .........                                       
  4,814 12:
Inlsurance department licenses and fees ............  ...............
All other licenses. fees and taxes:
City licenses ..............    ........................    $476 73
City taxes ...5....                                          518 22
Fire iiiarshal taxes.                                        464 26
1.459 2t1
CIther disbursements:
Publishing statements ........      .....................   $346 86
Exchange ...........................................          34 47
Gas and electricity .........         ............           168 27
Premiums on surety bonds and fire insurance       ....       164 45
Drinking water and; lee .......       ...................     64 50
Newspapers ........                              -            42 90
Commercial reports ............      ....................     25 00
Sundry expenses ...........      .......................      81 31)
1927 75.
Paid stockholders for interest or dividends (amount declared dur-
ing the year) .     ....................................................
 6,000 00
Agents' balances charged off ...............................        .   
     58 63
Total disbursements . .      ........................................  $347,590
19
Balance ....     ..                                 .. ...  $652,155 33
LEDGER ASSETS.
Mortgage loans on real estate, first liens .....  $.....  137,090 00
Book value of bonds .       .......................        407,463 70
Deposit in trust companies and banks on Interest            67,280 18
Agents' balances representing business written sub-
sequent to October 1, 1912 .40,189 60
Agents' balances representing business written prior
to October 1, 1912 .......................... ,9 131 85
Total ledger assets ............     ..............................  $652,155
33;
NON-LEDGER ASSETS.
Interest accrued on mortgages .......................       $2,032 13
Iiiterest accrued on bonds ..........................        2,915 52
Total 4,947 65
Market value (not including interest) of bonds and stocks over book
value .............................................................     
  485 00
Gross assets .     .................................................  $657,587
98-
DEDUCT ASSETS NOT ADMITTED.
Agents' balances representing business written prior
to October 1, 1912 .........      .......................   $131 85
Book value of ledger assets over market value ......         4,526 50
4, 658 3&
Total admitted assets ...............................             $652,929
63.