222 JOURNAL OF PROCEEDINGS [Feb. 1G

Charles O. Hall, C. P. A., who was appointed, by me to make
the annual examination for the years 1914 and 1915 of. the
several fidelity and guaranty companies that are required by
Sections 106 and 107 of said Article, to report to me and to
be annually examined under my direction.

Very truly yours,

MURRAY VANDIVER,
Treasurer of Maryland,
CHARLES O. HALL,
CERTIFIED PUBLIC ACCOUNTANT,
FIDELITY BUILDING,

BALTIMORE, MD., February 11, 1916.
HON. MURRAY VANDIVER,

State Treasurer, Annapolis, Md.
DEAR SIR:

Pursuant to your request, that an inspection be made of
the semi-annual reports as filed by the Maryland Casualty
Company with you as Treasurer of Maryland, and prepare
therefrom a condensed statement showing the financial con-
dition of the company, as disclosed by said reports, beg to
submit herewith statement of assets and liabilities as of
December 31, 1915.

Respectfully,

CHARLES O. HALL,
Certified Public Accountant.

MARYLAND CASUALTY COMPANY.
December 31, 1915.

ASSETS.
Book value of real estate............................... $1, 339, 082. 08

Mortgage loans on real estate........................... 142, 343. 37

Book value of stocks and bonds......................... 4, 458, 910. 38

Cash in company's office................................ 27, 172. 12

Cash in bank and trust companies...................... 266, 090. 47

Cash on special deposit................................. 718. 66

Gross premiums not more than three months due....... 851, 962. 35

Due for loses re-insured in other companies............. 3, 273. 00

Interest accrued....................................... 32, 895. 33

Total............................................. $7, 122, 447. 76