414           MUTUAL, TOWN INSURANCE COMPANIES.
SCANDINiAVIAN MUTUAL TOWN INSURANCE
COMPANY,
MANITOWOC, MANITOWOC CO.
[(Organized or Incorporated Dec. 15, 1873; Commenced business Dec. 15,
1873.]
President, A, H. ALFSON, Reedsville, Wis. R. No. 4.
Secretary, C. M. MADSON, Manitowoc, Wis., R. No. 4.
Express office of Secretary: Valders, Wis.
BALANCE SHEET.
Amount of ledger assets  December 31st of previous year     $1,508 43
INCOME.
Gross premiums on all business written
during the year ......   ...............      $470 59
Policy fees: New, No., 9;
fee, $1.00; amount .....          $9 00
Renewals: No. 31; fee $1.00;
amount ................           31 00
Additions: No., 8; fee,
$1.00; amount .........            8 00
Total policy fees .......  ..........       48 00
Total collections ..... .......     $518 5'
Deduct return on cancellations ..........         25 89
Total premiums and assessments, less
deductions          .      .     .......      $492 70
Cash received as interest ............ ....       29 50
Total income during year ......      .................   522 20
Total assets of previous year and income .......      $2, 030 63
DISBURSEMENTS.
Paid for losses .   .........................  $1,653 15
Salaries  ........  .......................       77 35
Agents ..................................         34 00
Postage, printing and stationery ........          5 24
Total disbursements .                                   ,769 74
Balance .$260 89
LEDGER ASSETS.
Cash belonging to company, in hands of treasurer ......       $260 89