12    MUTUAL CITY AND VILLAGE INSURANCE COMPANIES.


Deduct:
Paid for reinsurance ....
Returned on cancella-
tions  ...............


$4 78
194 25


Total deductions ...........       199 03
Total premiums and assessments, less de-
ductions ........                        $15,142 51
Cash received as borrowed money .......      1,500 00
Total income during year ........................  16,642 51
Total assets of previous year and income ...  $21,075 05


DISBURSEMENTS.
Paid for losses, including $1,701.28, for
losses occurring in previous years. .....    $9,409 10
Paid for fire department taxes ...........       170 b6
Paid for fire marshal taxes ..............        71 50
Borrowed money (date repaid, Sept. 6,
1912) .   .................................   1, 500 6V
Interest on borrowed money ............            9 50
Salaries )aid officials ......                  1,422 46
Commissions .........         ......            2,327 56
Postage, printing and stationery .........        195 16
Expye'ss, telegraph, telephone and ex-
change      ...............................       6 68
All other disbursements:
Adjusting losses ..............      .          103 84
Assessments paid on policies re-insured          10 92
Subscription and extra reports R. G.
Dun & Co .     .........................      26 50
Extra help to take caret of assessments          49 50
Treasurer's bond ........    .............        7 50
Office rent ............... ............         50 00
Other disbursements ......     ...........        7 94
Total disbursements .........     ....................  15,368 72
Balance   .................................      $5,706 33


LEDGER ASSETS.
Cash deposited in Commercial National
bank .. .............................      $4,746 62
Cash belonging to company, in hands of
treasurer .....                               959 71
Total ledger assets..............................


$5,706 33