MUTUAL TOWN INSURANCE COM PANIES.                   121
Cash received as borrowed money (date
borrowed Aug. 14, 1912) .....     .......     2,000 00
Total income during year ......       ...............   9,502 24
Total assets of previous year and income ..     $10,274 35
DISBURSEMENTS
Paid for losses ........................       $6,530 00
Paid for corporation tax ..............            10 00
Borrowed money     ......................       2,000 00
Interest on borrowed money       .     ....        44 3%
Salaries, $300.00, and fees, $249.60, paid
officials  ..............................       549 60
Agents' compensation:
Commissions    .........        $154 90
Policy fees .........            624 00
Total paid   agents ................        778 90
Paid for collection of assessments ......         105 74
Pcstage, printing and stationery ........          31 85
Express, telegraph, telephone and ex-
change     ..............................           20
All other disbursements, finance     com-
mittee,.................................          5 60
Overpaid assessments rec'd 1911, $10.83
1912,  $9.63  ...........   ...............      20  46
Attorney's fees and law suit .   ............      50 30
Committee revising by-laws $11.00, direct-        -
ors' meetings $25.15 ......   ............       36 15
Hall rent $5.00, Add. in fair book $3.00..          8 00
Total disbursements ......      ...............  10,231 i 3
Balance ....................................        $43 22
LEDGER ASSETS.
Cash belonging to company, in hands of treasurer .$43 22
NON-LEDGER ASSETS.
Unpaid assessments levied during cur-
rent year prior to Nov. 1 .....    .......     $111 61
Furniture, fixtures and   safes, $300.00;
supplies, $50.00 ......    ................     350 00
Total non-ledger assets .....................; 461 61
Gross assets ..............  ................      $504 83