618


MICHIGAN COMMPRCIAL INS. W.


Expenses of adjustment and settlement of losses...................
Allowances to local agencies for miscellaneous agency expenses....
;dlaries, $40,467.9)2, and expenses, $36,458.96, of special and general
;agen.ts ...........................................................
Saularies, fees and all other charges of officers, directors, trustees
and( home office eniployes......................................
Rents, including $1,5500.00 for company's occupancy of its own
buildings ....
Advertising, $2,956.44; printing and stationery, $6,349.98............
Postage, telegrams, telephone and express........................
Legal expenses                     .............
Fit ruiture a  fd hixtures ............................................
Maps, includinig corrections ...........................
lJnderwriters' boards and tariff associations .......................
Fire departmnent, tire patrol and salvage corps assessments, fees,
taxes and expenses ..............................................
Inspections and surveys .
Repairs and expenses (other than taxes) on real estate ..........
Taxes on real estate................................................
State taxes on premiums ..........................................
Iasurance department licenses and fees............................
All other licenses, fees and taxes:
Publication fees ...............................          $769 61
City taxes .......       .......................         7,029 07
Other disbursements:     Dun   &   Ilradstreet, $1,437.11; heating,
$261.26; auditing, $158.00; premium on employers' bonds, $213.00;
electric light and water, $472.07; dues and subscriptions, $195.05;


10,119 85
700 72
76,926 S'S
34.932 77
4,7(1) 0(
9 306 42
8,119 07
647 5-+
1,21.6 48
2,355 77
5,882 98
7,507 59
5,615 36
400 16
164 19
17,224 92
4,005 90


exc


,hange, $59.26; laundry, $128.94 ...................................  2,924
69
Total disbursements .$602,921 18
Balance .$851,897 17
LEDGER, ASSETS.


Book value of real estate.............................
Mortgage loans on real estate, first liens.............
Book value of bonds................................
Deposits in trust companies and banks
not on interest ......   .................  $3,071 23
Deposits in trust companies and banks
on interest ............                 109,417 69


$14,156 47
496,825 01)
141,000 00


112,488 92
Agents' balances representing business written sub-
sequent to October 1, 1912 ....              ...       85,980 42
Agents' balances representing business written prior
1to October 1, 1912 ...................................  1,446 36
Total ledger assets ..........................................


$851,897 17


NON-LEDGER ASSETS.
Interest due, $911.70, and accrued, $8,598.24, on mort-
g'ages .         ............................................  $9,509 94
Interest accrued on bonds .......................           .1,945 56
Interest accrued on bank deposits ....................         332 97
Total ........................................................      11,788
47
Gross assets .     ................................................  $863,685
64
DEDUCT ASSETS NOT ADMITTED.
Agents' balances, representing business written prior
to October 1, 1912 ..................................     $1,446 36
Book value of ledger assets over market value: Mar-
ket value of bonds .20 00
1,466 36
Total admitted assets .      .......................................  $862,219
28