534  MUT. COS. MAINTAINING UNEARNED PREMIUM RESERVE.


DISBURSEMENTS.
Gross amount paid policyholders for losses (including $5,000.00
occurring in previous years)....................................
Expenses of adjustment and settlement of losses..................
Commissions and brokerage .....................................
Salaries, fees and all other charges of officers, directors, trustees
and home office employes      ......................................
Advertising, $208.45; printing and stationery, $1,315.80............
Postage, telegrams, telephone and express..........................
Legal expenses ....................................................
Furniture and fixtures .............................................
State taxes on premiums......................................
Insurance department licenses and fees............................
All other licenses, fees and taxes:
Federal corporation tax ........      ....................     $24 67
Fire marshal tax ...........     ........................       63 00
Recording amendments, notary fees, etc ............            13 97
Other disbursements:
Traveling expense


$37,186 14
555 ()9
748 35
6,510 36
1,524 25
562 44
7 32
249 07
263 07
164 56
1101 SGr


Exchange                            ................       $243 97
expenses................                         60 62
Office expenses26
Interest paid on borrowed money         .       .               17
Interest paid on premium notes .1 05
Hardware Assn.-borrowed money .1,500 00
Premium on bonds.                                           424 35
2,896 42
Dividends    to   policyholders  ............. ................................
  49, 31 2 32
Total disbursements.$100,081 03
Balance ....................     ..........................  $114,534 79
LEDGER ASSETS.
Mortgage loans on real estate       .      .$64,400 00
Book value of bonds       .
Cash in company's offlce ..................     $2         39,5     00
Deposits in trust companies and banks
not on interest.1,045 12
Deposits in trust companies and banks on
interest .................................   7,323 02
--  -   8,393 14
Other ledger asests: Furniture and fixtures                 2,241 65
Total ledger assets                              ..............   $114,534
79
NON-LEDGER ASSETS.
Interest due, $260.00, and accrued, $2,559.16 on mort-
gages ---


e   s . ..   ...   .............................. .  1......        6
Itere~st due, $455.00, and    accrued, $364.99, on bonds. .      819 99
Total .............
Other non-ledger assets:    Due on premium     account .............


.,639 15
3 .~l 04 1 .?


Gross assets .......... . ............................ $121,218 07
DEDUCT ASSETS NOT ADMITTED-
Furnituire, fixtures and safes .2,241 65
Admiitted assets .$118,976 42
LIABILITIES.


Gross claiims for losses in process of adjustment or in suspense....
Gross premiums (less reinsurance) received and receivable upon
all unexpired risks running one year or less from date of policy,
unearnled nremiums (Cfift   ercn-


$2,500 00


Unp-id  bills' pe u                                ......  58,707 04
Total {amount of all li"abilities.$61,530 61
Surplus.$6                                                       81
ToallibiitesanSurplus .......... ..$118.   ,           57,9445  St
Total liablilities   and' surp~lus ... ..............................  $118,976
  42