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Friday, Feb. 29, 1924.
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The Board met at-4-P.M. in regular session with
‘the President in the chair* .
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The meeting was opened with prayer by Brother
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The following were present: Gaines, Williams .Cousins,
Mrs. Moore, Montague, Jenkins, Gwathmey, Clark, Mahone,
Powell, Harr is* Also Secretaries Love, Hay and Hester and
‘Treasurer Sanders were present.
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Treasur- The Treasurer reported as follows:
er*S * Month of January 1924*
Re port -RECEIPTS--
‘ Deo •!&, balance in Banks . . $41,341.58
Received fran 75 Million Campaign. .$52,139.34
New Missionaries’Salary Fund.- . 2,121.85
Relief . 21,500.00
Borrowed Money . 160,000.00
Released annuity Securities Trans¬
ferred to secure new Annuity Bonds. 2,500.00
. Inoome from Endowment Fund Seouri-
* ties . . . 645.87
Inoome from Annuity Fund Securities. 3,080.61
Judson Centennial Fund— Draft from
Central China..... . 1,000.00
All Other Sources .................. *10, 635.08 253,622.75
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foreign Fields . 130 ,059.26
Loans Paid . . . 000.00
Interest on Borrowed Money . 1,684.44
Southern Bapt .Theological Seminary. 22,571.45
' J State Expenses in Alabama.... . 911,02
Interest on Annuities . 804.25
All Other Pur poses ................ . 7,886.83 288,917.25
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CURRENT ASSETS AND LIABILITIES.
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Lance in Banks................... 6,046.88
Certificates of Deposit . 20,500.00
Liberty Bonds .. 150.00
Notee Receivable................... 29,554.37
Stocks and Bonds . . 1,450.00
Annuities Released-Securities not Sold • _
_ JL . \rnmi 13,121.90
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Liabilities in Exoess of Assets! 2,491,229.81 2.562.052.96
LIABILITIES--
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V Borrowed Honey . 1,289.905.25 -
• Due Seminaries as of May,1923. 219,402.36
Fund for Evangelistic Hall, Canton. 49,052.74
Fund for Purohase of Property
, * Palestine . 500.00
Letters of Credit for appropriation
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for Period ending Dea.31,1923 . 633,989.80
Letters of Credit on 1924 Appro- w *
priation . 369,202.81 2. 5621 052.96
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Geo. N.Sanders, Treasurer.
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