120        REPORT OF TlHE COMMISSIONER OF INSU RANCE.
Disbursements
Gross losses paid   .....................................  $32,991.58
(Commissions paid attorney-in-fact ...........  ..........  19,288.31
Advisory Committee expenses        .        ............       100.00
American Reciprocal Association .......   ................   1,049.28
Legal expenses ..............        ....... ...               500.00
Insurance department licenses and fees     .     .......       169.00
Arkansas legislative expense       .        ............       300.00
Auditing books           ..                  ..........         90.00
Personal bonds     ......................................       70.00
Savings returned to policyholders     .      ...........     8,162.75
Total disbursements .     ..........................  $62,720.92
Balance ...................................   $173,069.33


Ledger Assets
Cash in Trust Companies:
Union Trust Co. of New York .......... $27,886.84
Metropolitan Trust Co. of N. Y ........  8,814.78
-       $36,701.62
Book value of bonds         .         .98,863.41
Uncollected premiums        .         .37,504.30
Total ledger assets .$173,069.33
Non-Ledger Assets
Accrued interest in .bonds ..............................  1,202.67
Accrued interest on deposits ............. .............      83.29
Gross assets ................................     $174,355.29
Assets not Admiitted
Book value of bonds over market value    .      .......      813.41
Admitted assets .............                     $173,541.88
Licbilities


Losses unpaid and unadjusted........................
Unearned premiums on policies in force running one year
or less from date of policy, gross premiums $150,105.12


$1,396.04


at 1
Comn
Unpai
Sul-pI


306/o ................................................  75,052.56
fissions on uncollected premiums .....   ...........  7,695.63
.d bills ...........................................     38.16
Total liabilities except surplus and reserves ......  $84,182.38
us and reserves belonging to policyholders ........  89,359.50
Total liabilities .$173,541.88
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