REPORT OF THE COMMISSIONER OF INSURANCE.               127
FINANCIAL STATEMENT
The financial statement of the exchange as of August X81,
1913, is showvn by the following statement:
Ledger assets, Dec. 31, 1912 .      ............................. $52,045.18
Income
Gross premium deposits written ............. $84,607.86
Deduct return premium deposits $18,062.21
and reinsurance .............      2,896.13
20,958.34
Total premium   deposits .......   ......................  $63,649.52
Interest .  ...............................................     93.54
Error unaccounted for ............    .......................    30.23
Total income .     ......................................  $64,273.29
Total footing ...............  ................. $116,318.47
Disbursements
Gross amount paid for losses       .        ...............   $279.31
Adjustment expenses ..................     .                     10.00
Commission paid attorney ...............    ................  15,912.37
Sundry expense as follows:
Exchange on checks ....................        $56.60
Paid Am. Reciprocal Ins. Assn .....   .....    482.50
Taxes ..................................        21.60
Miscellaneous items .......    .............    70.96
- X     631.66
Savings returned to subscribers     .       ...............  18,781.84
Total disbursements ....................       -     $35,615.18
Balance  .   ..................................  $80,703.29
Ledger Assets
Cash, in bank ...........................................   $59,769.63
Cash in hands of attorney       ..................   $8,119.60
Less amount due attorney .2,908.10
5,211.50
Uncollected premium   deposits      .       .15,722.16
Total ledger         .         .$80,703.29
Assets not Admitted
Gross premium deposits written prior to June 1, 1913 .....   1,997.30
Admitted assets ,          .................  ...,.... $78,705.99