252


MUTUAL TOWN INSURANCE COMPANIES.


FARMERS TOWN MUTUAL FIRE INSURANCE
COMPANY,
BUTTERNUT, ASHLAND COUNTY.
[Organized or Incorporated Aug. 17, 1901. Commenced business Nov.
23, 1901.]
President, F. TANK, Butternut, Wis.
Secretary, 0. A. SCHAEKEL, Butternut, Wis.
Express office of Secretary: Butternut, Wis.
BALANCE SHEET.


Amount of ledger assets December 31st of previous year


$185 04


INCOME.
Gross premiums on all business written
during the year .......    ...............     $325 84
Assessments actually received on current
year's assessments ......    .............    1,310 08
Policy fees: New, No., 48, fee, $1.50;
amount .................................         72 00
Total collections ......   ...........   $1,707 92
Returned on cancellations .....    .........       21 75
Total premiums and assessments, less de-
ductions   ............  ................    $1,686 17
Cash received as borrowed money (date
borrowed, Oct. 1) ......     .............      300 00
Cash received from all other sources:
Assignments    .........   ...............        2 50
Total income during year ......       ................  1,988 67
Total assets of previous year and income . .     $2,173 71


DISBURSEMENTS.
Paid for losses, including $65.00 for losses
occurring, in previous years ..........
Borrowed money (date paid, April 15,
1912) ................................
Interest on borrowed money ............
Salaries, $60.00, and fees, $4.80, paid
officials  ............................
Policy fees ............................
Paid for collection of assessments ......
Postage, printing and stationery .......


$1,502 00
400 00
17 49
64 80
48 00
15 31
- 10 58