Admitted Assets of the active life insurance companies of the United States on January 1, 1904. panies in the same.

Including loading on deferred and unpaid premiums.

EXHIBIT IV.-REAL ESTATE.

Showing the amount of Real Estate absolutely owned by the various companies January I, 1904; also showing the same item at January 1, 1903.

EXHIBIT V.-MORTGAGE LOANS.

Showing the amount of Mortgage Loans held by the various companies January 1, 1904 together with the same item at January 1, 1903.