MILWAUKEE MECHANICS INS. CO.                         221
Advertisi-g, $1,726.19; printing and stationery, $12,33,0.77 7  ........
 14,056 96
Postage telegrams, telephone and express ......      .................. 
18,231 16
Legal expenses ................                                         576
84
Furniture and fixtures.                                               2,709
11
Maps, including corrections .........     ..............................
 5,860 47
Underwriters' boards and tariff associations .....    ................  3,640
90
Fire department, fire patrol, and salvage corps assessments, fees,
taxes and expenses........... :               ...                  s18,996
61
Inspections and surveys .........             ...........            18,535
58
Repairs and expenses. (other than taxes) on reai estate.1,015 97
Taxes on real estate .................                                1,214
59
tates taxes on premiums ..........     ................................ 
58,046 5S
Insura~nce   deprmn lienesadfe ................................ 614T
Inurne peartment licenses and'fee&16,134 79
All other licenses, fees and taxes I
Muaicipal taxes .............$2,0 ..........          $   11 86
Mu nicipal licenses  ....................             5549 42
U. S. Corporation tax ..............................     488 73
8,050 01
Other disbursements:
Expense on securities ........    .....................  $226 25
Exchange    ...................                        2, 7 54  70
Heating,  lighting  and   cleaning  office, water,
towels and ice     ...................................  2,770 34
Auditing              .       .       .               1,'480l 5ss
Interest paid Reinsurance Co., on reserve fund         3,820 42
Interest paid on borrowed money ................       1,266 65
Newspaper    subscriptions,  $132.20;  mercantile
agencies, $1,615.010  ...............  ...           1,747 20
Surety bonds, $470.851; gifts and donations $15a.45;
entertaining agents $5410.99    .     .1,167 29
Meals $454.90; funeral expenses $104.00 business-
associations         ....................              603 90
15,846 30
Paid stockholders for interest or dividends (amount
declared during the year) .........      .............................  120,445
20
Decrease in liabilities during the year on account of
reinsurance treaties                                   ......... 157,488
95
Agents' balances chargedo     .......................... off1,520 02
Gross decrease, by adjustment, in book value of ledger assets,
viz.: Bonds, $29,542.08; stocks, $960.00 ......  .....................  30,502
08
Total disbursements .................                     $2,308,715 60
Balance .$4,314,912 72
LEDGER ASSETS..
Book value of real estate            .       .         $52,825 00
Mortgage loans on real estate, first liens..         1,799,800 00
Book value of bonds, $1,883,960.00, and stocks,
$45,400.00  ......................1 ,929,360 00
Cash in company's office .............................   6,464 73
Deposits in trust companies and banks on interest      181,232 86
Agents' balances representing business written sub-
sequent to Oct. 1, 1912 ............................  331,257 08
Agents' balances representing business written prior
to October 1, 1912 .........    .......................  8,488 67
Other ledger assets, viz.. Deposit Milwaukee Board
of Fire Underwriters ........      ....................  1.00 00
Due from Reinsurance Co . ..........................     5,384 38
Total ledger assets .$4,314,912 72
NON-LEDGER ASSETS.
Interest accrued on mortgages .............. a ......  $26,431 12
Interest accrued on bonds ...........................   14,729 49
Total ......................................................  41,160 61
Gross assets .............................................. $4,356,073 33