FIFTEENTH ANNUAL YEAR BOOK— PART II 159 



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The rate for the three-year period, for which all the insurance is written, 

 is as follows: 



Fire insurance on frame buildings $30.00 per $1,000.00 insurance 



Tornado insurance on frame buildings 6.25 per 1,000.00 insurance 



Fire insurance on permanent buildings 25.00 per 1,000.00 insurance 



Tornado insurance on permanent buildings 5.00 per 1,000.00 insurance 



The tornado insurance on permanent buildings renewed during the past 

 year has been written for $4 per $1,000. 



The following statement sets out the amount expended for improve- 

 ments on the Iowa State Fair Grounds during the past thirteen years from 

 state appropriations and from the receipts of fair; also the amount paid 

 in cash premiums during the same period: 



THE STATE'S INVESTMENT AND VALUE OF THE FAIR GROUNDS 



PLANT. 



The present investment of the state of Iowa in the fair grounds 

 property, including the original appropriation of $50,000 for the first 

 frame buildings and the appropriations since 1902 for permanent build- 

 ings and additional ground, total $475,111. 



The state fair grounds contain 283 1.3 acres, and was appraised in 

 1913 by a committee well acquainted with real estate values in and around 

 Bes Moines, without taking into consideration any improvements, at 

 $375,070. The value of the buildings, personal property, etc., and as 

 shown by the books of the department is $828,589. Adding to this the 

 value of real estate, it gives the total value of the plant at $1,203,659. 



By deducting the total investment of the state in the fair grounds 

 plant from the present value, we have the surplus, or profit to the state, 

 of $728,548. 



This profit is largely due to the increased value of the real estate 



since the state acquired the title in 1885 and the many improvements 



added to the grounds in the past thirteen years from the profits of the 

 fair. 



