MUTUAL TOWN INSURANCE COMPANIES.


195


INCOME.
Gross premiums on all business written
during the year ............  .........       728 63
Policy fees: New, No., 47;
fee, $1.50; amount              $70 50
Renewals: No., 189; fee,
$1.50; amount ..........        283 50
Additions:  No.,  53;   fee
$1.00; amount    .........
Total policy fees ......  ...........     407 00
Total collections ..... ......   $4,135 63
Returned on cancellations .....    ........     105 33
Total premiums and assessments, less de-
ductions ............   .................   $4,030 30
Cash received as interest .....  ..........     124 33
Cash received as borrowed money (date
borrowed, July 1, 1912) .....   ..........  1,500 00
Total income during year ......     .................  5,654 63
Total assets of previous year and income ...   $9,050 62


DISBURSEMENTS.
Paid for losses ........................
Interest on borrowed money .............
Salaries, $175.00, and fees, $72.12, paid
officials ..............................
Policy fees ............................
Postage, printing and stationery .......
Extpress, telegraph, telephone and elx-
change   ..............................
All other disbursements:
Directors' services,           $100 00
Loss adjusters' services        113 50
Finance committee                19 50
Legal  advice  ............       6  00
Illegal premium    .......        1 75


$5,277 00
60 00
247 12
407 00
46 01
1 85


240 75
Total disbursements       ........      .....................       6,279
73
Balance ...........        .......................       $2,770 89


LEDGER ASSETS.
Cash deposited in chattle mortgages   .....     $620 00
Cash belonging to company, in hands of
treasurer ...............  ..............      692 08
Mortgage loans on real estate, first liens       700 00
Notes taken for cash premiums       ........     758 81
Total ledger assets .............................


$2,770 89