FIDELITY-PHENIX       FIRE INS. CO.                    425
DISBURSEMENTS.
Marine and
Fire.        inland.
Gross amount paid policyholders for
losses (including $472,767.80 occurring
in previous years) .................. $3,782,79S 42    $01,310 51
I)educt amount received    for salvage,
flit, $32,903.10; marine arld inland,
$1.75:oO; reinsurance, fire, $602,774.65;
maLrine and inland, $12,79.792    .......  035,737 81   12,970 72
Net amount paid     policyholders
Ior losses ........... ........... $3,147,000 01  $48,345 79
$3,193,400 40
Expenses of adjustment and settlement of losses .....      ...........  99,790
19
Cornulissioris or brokerage         .......................................
1,277,517 57
Allowances to local agencies for miscellaneous agency expenses ...      
 894 17
Salaries $142,137.(07, arid expenses $122,631.04, of special and general
agrents ...........................................................  264,708
11
Salaries, fees. and all other charges of officers, directors. trustees
and home office employes ...................     ....................  419,721
71
Rents, including $4,500.00 for company's occupancy of its own
buildings   ....................  ...................................  70,718
90
Advertising, $20,983.18; printing arid stationery, $41,757.20 ..........
 62,740 38
Postage, telegrams, telephone and express .46,779 5()
le.gal expenses ............0..............                            6,450
24
Furniture and fixtures           .            .18,711 71
Maps, including corrections         .           .21,048 05
IJnderwriters, boards and tariff associations    .      .71,704 93
Fire department, fire paltrol arid salvage corps assessments, fees.
taxes arid expenses           .            .28,728 38
Inspections and surveys                      .11,494 34
Repairs arid expenses (other than taxes) on real estate                 6,402
01
Taxes on real estate .7,452 57
Staite taxes on premiums           .           .116,097 78
Insurance department licenses arid fees.                               35,349
07
All other licenses. fees and taxes:
Federal corporation tax .......      ...................  $20,070 99
Municipal taxes .............                           12,216 11
32.287 10
Other disbursements:
Mercantile agencies ........     .........................  $6,509 46
Miscellaneous .............   ..........................   752 18
Exchange ....                          .....            11,046 75
Subscription to papers .........2....... ....           ,107 90
Investment expenses, viz. brokerage fee Monmouth
Beach property $300.00. Collection of Council
Bluffs Water Works Co. coupons $919.:6. Insur-
anice on property on which company held mort-
gage $64.68. premiums on insurance on life of H.
C. Stockdell $1.062.90, transfer and notary fees
$35.10. Rent for safe deposit boxes, $162.50 ......      2,544 24
22.960 53
Balance of claim against Citizens Insurance Co. charged to profit
and loss account .... ............................                    8,067
14
Paid stockholders for interest or dividends (amount declared dur-
irig the year, $375,000.00) .     ......................................
 250,006 00
Decrease in liabilities during the year on account of reinsurance
treaties..47,887 43
tra aIe .............................................................. 47
 3
Agents' balances charged off ..................     ................... 
21,422 30
Gross loss on sale or maturity of ledger assets, viz.:
Bonds   ............................................................    25)
00
Gross decrease, by adjustment, in book value of
ledger assets, real estate ........ ..................  $42,387 97
Bonds ...............................................   42,200 00
Stocks   ...............................................  235,595 00
320,182 97
Total disbursements .$6,464,840 08
Balance ....                                           $15,113,286 27