PITTSBURGH PIRE INS. CO.                        767
All other licenses, fees and taxes:
Federal corporation tax ...............                $10 21
State taxes on capital stock .............           1,063 21
Fire marshal tax ..................                    283 22
City taxes on premiums ...............                 186 i'6
1,543 4(0
Other dlisbursements:General expenses ...............              1, 269
i S
Paid stockholders for interest or dividends (amount declared dur-
ing the year) ............................                       32,00.0
00
'Total disbursements ......................$278,428 14
Balance ...........................$544,895 40
LEDGER ASSETS.
Book value of real estate................            $62,035 2.5
Mortgage loans on real estate, first liens ...... .  380,760 00
Loains secured by pledge of bonds, stocks or other
collateral.......................                    7,025 00
Book value..of stocks ........    .....6,671 57
Cash in company's office .$..,970...93
Daily bank balances............37,510 81
43,481 44
Agents' balances representing business written sub-
sequent to October 1, 1912 ............'I           35,980 49
Agents' balances representing business written prior
to October 1, 1912 ..................                4,995 99
Other ledger assets:
Cash deposit Philadelphia Underwriters' Associa-
tion ........................                        100 100
Office furnishings and supplies ... .........        3,245 36
Total ledger assets......................$544,895 40
NON-LEDGER ASSETS.
Interest due, $1,828.50 and accrued, $5,387.31. on mort-
gages ..$7,215 81
'Interest accrued' 'o n collateral lIo-ans.               53 14
Rents due on company's property or lease ......          520 00.
Total ....... .....................                           7,788 95
Market value of real estate over book value ............           8,864
75
Gross assets..........................$561,549 10
DEDUCT ASSETS NOT ADMITTED.
F0urnituire, fixtnres and safes .............         $3,245 36
Agents' bialances. representing bus ness written prior
*to Octob~er 1, 1912 ..................               4, 995 99
Book valne of ledger assets over market value:
Stocks. .......................                      1,367 57
9,608 92
Total admlitted 'asset's __.....................$551,940 18
LIABILITIES.
Grross claims for losses in process of adjustment, or
in suspense .....................                  $25,538 12
Deduct reinsurance due or accrued...........           1,173 44
Net amount' of unpaid losses and claims ...........         $24,36-4 68
Gross premiums (less reinsurance) received and re-
eelvabhl -upon all unexpired fire risks running one
year or less from date of policy, including interest
premiums on perpetual fire risks, $166,371.72; un-
earned premiums (fifty per cent) ..........        $83,185 86