Board Rooms, Thursday, Feb. 18,1932
The Board met in regular session at 4 P.M. , the
President presiding.
The meeting was opened with prayer
Ъу
Brother Slaughter.
The following were present: Coleman, Jenkins, Mrs.
Thomas, Mrs. Wicker, Miss Foster, Gaines, Clark, Gwathmey,
Slaughter, Walton and Harris.
Also Secretary Ray and Treasurer Buxton.
Secretary Ray reported on the Chinese situation that
our missionaries in Shanghai and vicinity are in no imme¬
diate danger.
The Treasurer reported as follows:
MONTH OF JANUARY, 1932.
Net Deficit in Current Funds January 1, 1932 . 3,186.99
RECEIPTS:
Cooperative Program . 50,207.04
Designated Gifts . 19,060.67
Lottie Moon Christmas Offering . 114,305.79
Debt — Direct . 13.33
Book Dept.: — Sales and Collections . 646.73
Income from Annuity Securities . 1,356.00
Income from Endowment Securities . 1,495.38
Income from Trust Funds . 607.94
Legacies (Virginia) . 475.00
Annuities . .. 1,688.00
Annuity Securities . 1,500.00
Reserve for Contingent Notes Payable... 366.58
191.722.46
188.535.47
DISBURSEMENTS:
Foreign Fields . 43,648.43
Interest on Borrowed Money . 1,819.99
Woman's Missionary Union . 1,900.00
Baptist Brotherhood of the South . 450.00
Book Dept. : — Purchases.. 1,132.32
Expenses... 324. 27 .... 1,456.59
Interest on Annuities . 1,503.53
Expenses of Southern Baptist Convention. 3,337.62
Missionary Day in Sunday Schools . 2,463.42
Annuity Securities . 2,520.00
Endowment Securities . 1,256.25
All Other Expenses . 3,127.92
63,483.75
I2b.0bl.72
Plus: Net reduction within the mofithof
Investment Fundi . 276.25
Less: Lottie Moon Funds designated for special
objects not included in Budget . 41, 298.00
Net Balance available February 1st, 1932 . $ 84,029.97
CURRENT ASSETS AND LIABILITIES.
ASSETS:
Cash in Banks . 84,029.97
Book Dept.: a/c’s Rec. 893.08
Inventory l/l. . .10,146.12 11,039.20
Estate of J. H. Pepper . . . 357.00
Estate of John Sillers . 1,585.36
Richmond Real Estate . 16,500.00
Stocks and Bonds . 470.00 113.981.53
Current Liabilities in Excess of Current Assets.. 1,057,945.35
?ГДТ1-,У26.8б
