624


MICHIGAN FIRE & MARINE INS. CO.


Fire department, fire 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 preniiums .......................              ;
Insurance department licenses and- fees............................
All other licenses, fees and taxes:
Federal corporation tax .......     .....................  $1,301 79
Personal, city, state and county taxes ..............     228 36
City licenses ..............5...................I......    165 0(
Other disbursements:
Exchange on remittances ...........................$ 370 3 7
11. G. Dun and Bradstreet reports ..................      510 00
Paid stockholders for interest or dividends (amount declared dur-
ing the year) ...................................................
Agents'-balances charged off .........     .................    -
Gross decrease, by adjustment, in book value of ledger assets:
Bonds ............................................................


7.349 25
0,422 94
257 50
1,107 50
17,085 1 2
4,194 I)6
2,095 1 5
880 3')7
40,000 00
25 3 6
1,280 00


Total disbursements ..........................................     $721,664
94
Balance .$1......................... -                      1,451,197 48
LEDGER ASSETS.


Book value of real estate .............................
Mortgage loans on real estate, first liens.............
Loans secured by pledge of bonds. stocks or other
collateral ...............................
Book value of bonds, $659,250, and stocks, $5,000......
Cash in company's office ......    .........  $10,446 S0
Deposited in trust companies and banks
not on interest .........   ..............  64,000 66
Agents' balances representing business written subse-
sequent to Oct. 1, 1912...........................
Agents' balances representing business written prior
to Oct. 1, 1912......................................
Other ledger assets:


$48,356 21
499,390 42
10,001 00
664,250 0(1
74,447 46
151,028 76
3,6(07 63


Royal Insurance Co .17 10
Philadelphia Underwriters .......      ..................    100 (0
'lotal ledger alssets ................................$.......... 1,451,197
48
NON-LED(GIER ASSET'S.
Interest due, $1,016.31 and accrued, $6,819.31 on rnort-
g,,a ges ......$.......................................   $7,835 62
Interest accrued on )01dS ............................      8.836 66
Interest accrued on (ollateral loans ...................       25 97
Imiterest accrued on other assets: On land contracts.          27(6 46
Total .16,971........................................................  16,
   71
ATfrket value of real estate over book value ........................   
16,337 01
Market value of bonds and stocks over book value .... ..............    
 4,990 0(1
Gross assets .........                           ,             $1,489,499
20
DEDUCT ASSETS NOT ADMITTED.
Agents' balances, representing busdnesm written prior to October 1.
1912 .                                                                  
3,807 53
TotW  admitted assets ?.......  .                         .. . . , , ,,,.,,...$1,485,891
67