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Board Rooms, Thursday, April 5,1928.
The Board met at 4
Р.Ы.
in the Board Rooms,
with the President in the chair.
Bro. Thorhum Clark led in prayer, especially
mentioning Dr. Love and his family.
The following were pj-esept: Miss Foster,
Mrs. Thomas, Gaines, Gwathmey, Mahone, Clark, Waite, Mon¬
tague, Harris, Also Secretary Ray and Treasurer Buxton.
Treasurer* s
Report —
The Treasurer reported as follows:
Month of March 1928.
Balance in Banks, February 29,1928
RECEIPTS:
Cooperative Program . 55,661.49
Designated Gifts . 19,148.93
Lottie Moon Christmas Offering . 3,702.19
Foreign Mission Debt — Direct . 1,088.63
Legacies: D.C. 500.00
S.C. 15.00 . 515.00
annuities . 400.00
Income from Annuity Securities . 530.28
Endowment Securities . 800.00
Income from Trust Funds . 1,103.56
Proceeds from Sale of Real Estate (U.S. )
1,046.46
Rotes Payable . 22,301.00
Relief Fund . 13.57
Book Dept., -Sales and Collections.... 2,428*67
Total—
DISBURSEMENTS :
foreign Fields . 82,667.70
Interest on Borrowed Money . 3,166.28
Interest on Annuities . 2,149.11
Book Dept. — Purchases.. 2,699.44
Expenses.... 332.98, 3,022,42
Woman's Missionary Union... 1,650.00
Baptist Brotherhood of th§ South . 440.00
Inter-Board Commission . 425.00
All Other Purposes . 4,476.55
Balance in Banks, March 31,1928 .
CURRENT aSSETS AND LIABILITIES.
100,095.26
109.239.78
-09,555.04
97,997.04
ТПТгЙё'/ГС
ASSETS:
Balance in Banks . 111,338.00
Book Dept. — Accounts receivable. .2,620.13
Inventory. . .7,059,91 9,680.04
Appropriations: Expenses . 279 ,831. 36
Sj ; ial Acct.G o*lf.S nd< rs . 74,997.50
Less Reserve for Loss . 50,000.00.24,997.50
Stocks and Bonds . 7,300.00 341,808.90
- ttftZZT re¬
current Liabilities in Excess of Assets... 1,003,676.74
1,456,823.64
LIABILITIES:
Notes Payable . 1,042,500.00
Designated Funds (Not yet Appro.) . 47,051.36
Letters of Credit . 326,532.40
Reserve — Judson Centennial . 40,739.88
1,456,823.64
E.P. Buxton, .Treasurer
