-


-ARYLNND MOTORt CAR IN8. CO.                            9?
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
Junderwriting expenses incurred dur-!              I
lng the year ...................                       62,562 921.
UInderwriting losses and expenses ...............1........             0
16,706 17
Loss from   underwriting during thel
year . .............................                                 $2,236
78
INVESTMENT EXHIBIT.                                         I
Interest and Rents.
Interest, dividends and rents received!
during the year .............    .      $10,942 991 ........    1
I)educt interest, dividends and rents!
accrued December 31, end of thel
year ........    .                        1,834 651 ........    I
Balance ........ .                   $9,108 341 .............. ....-........*
Add interest, dividends and rents ac-. I.1
crued December 31, end of the yearl       4,135 08.     ....... . .
Total ...                       ..                $13,243 4z1 .
PROFIT ON INVESTMENTS.
Gain from sale of ledger assets ...      ....... -W-1001 ..............
Investment income earned during the!                             I
year ......................... ~........                           $13,743
42
LOSS ON INVESTMENTS.
Loss from   change in difference be-
tween book and market value dur-
ing the year .....................                    $6,563 611.
INVESTMENT EXPENSES.             I
Investment expenses paid during thel
year ..                                     .             257 25 .
Investment losses and expenses dur-
ing the year ..................... ....              -.I.. 1        6,820
86
Gain from   investments during    the                 .5,922
MISCELLANEOUS EXHIBIT.                              Gain in       Loss in
Surplus.   I Surplus.
Dividends declared   to  stockholders!
during the year .................. 1.I                              $8,000
00
Surplus from sale of capital stock ................I   $50,000 00!.
Loss from    other sources: Expense!
incidental to increase in    capital!                           |
stock            .                .               I . J 9, 328 00
Development new territory ..1 '                        .   ....        1,376
58
Net gain from above ...................    -   ... I $31,295 421.
Total gains and losses in surplus dur-!      ,
Ing the year ................................         $56,.922 561  $20,941
36
Surplus Dec. 31, 1911 ................   1i 499 021 ............ I
Surplus Dec. 31, 1912 ................      47,480 221 ............  I
_ _ _ _ _ _ _ _ _ _ _ I  I
Increase in surplus during the year ................ 3........        35,981.
20
Totals ...                                      i 1  $56,922 561  $56,922
56
Per cent of losses incurred to premiums earned 42.1.
Per cent of investment expenses incurred to interest and rents earned 19.4.
Per cent of investment incurred to interest and rents earned 19.4.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 62.7.