1916] OF THE SENATE. 22: ]

LIABILITIES.
Losses and claims:

Adjusted................................. $305, 014. 91

Resisted.................................. 175, 438. 80

————: ———— $480, 453. 71
Special reserve for unpaid losses....................... 1, 353, 753. 00

Unearned premiums:

One-year items........................... $2, 383, 261. 30

Pro rata term items...................... 799, 543. 10

———————— 3, 182, 804. 40
Salaries, rent, expenses, bills, accounts, fees, etc., and

special reserve for taxes, Federal, State and other taxes. 128, 237. 65
Re-insurance........................................... 35, 008. 70

Contingent reserve for adjustment expenses............. 20, 640. 1ft

Capital.................................... $1, 000, 000. 00

Surplus..................................... 921, 550. 14

Surplus as regards policy holders....................... 1, 921, 550. 14

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

[Which was read the first time and referred to the Com-
mittee on Finance. ]

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 United States Fidelity
and Guaranty Company with you as Treasurer of Maryland,
and prepare therefrom a condensed statement showing the
financial condition of the company, as disclosed by said re-
ports, beg to submit herewith statement of assets and liabili-
ties as of December 31, 1915.

Respectfully,

CHARLES O. HALL,
Certified Public Accountant.