REPORT OF THE COMMISSIONER OF INSURANCE.
Disbursements
Claims paid to subscribers............................
Dividends reurned to subscribers.......................
Commission paid to attorney
(a) On 1912 business ..................    $11,517..04
(b) On 1913 business ...................    10,826.71


151


$7,710.96
5,684.68




22,343.75
Expense of Advisory Committee ......      ...................    182.85
Total disbursements      ............. ................. $35,922.24
Balance    .................. ...................  $87,155.50
Ledger Assets
Cash in Banks:
Southwest National Bank of Com .$20,650.88
Commerce Trust Co .34,424.29
$55,075.17
Deposit premiums in course of collection .................   32,080.33
Total ............................................    $87,155.50
Assets not Admitted
Deposit premiums over 90 days due ......................      1,448.44
Admitted assets .........      .........................  $85,707.06
Liabilities


Claims in process of adjustment
1. Death claims .............'
2. Temporary and permanent disability claims.......
Total .......          ..
Reserve for annual deposit premiums amounting to
$89,666.44, less 30% provision for expenses, at 50%, ac-
cording to section 1915m of the Insurance Laws of Wis-


$4,000.00
10,450.00
$14,450.00


consin for 1913 ............31......          ..  31,383.25
Unpaid commission due attorney                        9,215.56
Unpaid reinsurance against excess losses .2,017.18
Total liability except surplus and reserves .$57,065.99
Surplus and reserves belonging to subscribers .28,641.07
Total liabilities .$85,707.06
COMMENTS ON THE FINANCIAL STATEMENT
The Exchange commenced the year with assets amounting to
$75,740.02. The gross deposit premiums written from Jan-
Uary 1st to May 31st, 1913, were $83,640.07.    Its return de-
posit premiums were quite large, amounting to $33,139.47, and