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Board Rooms, Feb. 13, 1930.
The Board met in regular session at 4 P.M. , the
President in the chair.
Present: Jenkins, Clark, Gaines, Gwathmey, Miss
Foster, Mrs. Thomas, Storer, Mrs. Moore, Harris. Also
Secretary Ray, Treasurer Buxton, and Dr. B.L. Lockett of
Africa.
The minutes of January 16th were read and approved.
The .Treasurer reported as follows:
January, 1930.
Balance in Banks, December 31,1929
28,040.48
RECEIPTS:
Coop erative Program . 68.619.79
Designated Gifts . 20,934.11
Lottie Moon Christmas Offering . 144,358.18
Debt Account — Direct . 634.60
Income from Annuity Securities . 2,475.65
Income from Endowment Securities . 1,436.63
Annuities . 2,100.00
Legacies: S.C. -2,000.00
Ga.— 27.07 2,027.07
C.O. Milford Fund . 1,200.00
Book Department : -Sales and Collec¬
tions.... 760.06
Miscellaneous Income . 191.02
Total to account for .
244,737.11
272,777.59
DISBURSEMENTS :
foreign field's . 79,622.34
Interest on. Annuities . 1,614.35
Annuity Securities(Net ) . 4,422.50
Emergency Loans . . 25,000.00
Notes Payable . 50,000.00
R.E.Burt Claim . 3,090.00
Interest on Borrowed Money . 866.73
Woman's Missionary Union . 1,900.00
Baptist Brotherhood of the South . 500.00
Book Dept: Purchases 73.24
Expenses 319.79 . 393.03
All Other Purposes . 2,973.64
Balance in Banks, January 31,1930
170,382.59
£102,395.00
CURRENT ASSETS AND LIABILITIES.
ASSETS:
Cash in Banks . 102 ,395.00
Book Department..
Accounts Receivable — 1,317.46
Inventory . .15,644.55 . 16,962.01
Richmond Real Estate . 16,500.00
Estate of John Sillers . 2,385.36
Unused Appropriations (For Expenses) . 173,733.70
Current Liabilities in Excess of Current Assets. .
LIABILITIES:
311,976.07
641,076.88
§953,052.95
Designated Funds (Not yet Appropriated)36, 240.66
Due Investment Fund . 17.08
Letters of Credit(For Expenses) . 191,795.21
Notes Payable . 700,000.00
Emergency Loans . 25,000.00 $953,052.95
E.P. Buxton, Treasurer.
