Board Rooms, Thursday, «Tali'. 12, 1933
^Fhe Board met in regular session with President
L. Howard Jenkins in the chair.
The meeting was opened with prayer by Brother Cole¬
man.
The following were present: Jenkins, Mrs. Thomas,
Mrs. Moore, Mrs. Wicker, Mrs. Atkinson, Slaughter, Monta¬
gue, Williams, Coleman, Cousins , Loving, Binford, Gwathmey.
Also Secretaries Maddry and Ray and Treasurer Buxton.
The minutes of the last meeting were read and ap¬
proved.
The President called upon Dr. Maddry, the Execu¬
tive Secretary, who spoke briefly to the Board.
The Treasurer reported as follows:
MONTH OF DECEMBER, 1932.
RECEIPTS :
Cooperative Program . 23,345,02
Designated Gifts . 13,599.75
Lottie Moon Christmas Offering .... 969.74
Debt — Direct . 218.84
Income from Annuity Securities .... 1,629.10
Income from Endowment Securities ... 519.43
Income from Trust Funds . 1,034.94
Miscellaneous Income . 601.36
Book Department : -Sales and Collections
1,414.07
Annuities . 247.94
Annuity Securities . . 2,000.00
Endowment Securities . 5,000.00
50,580.19
Transferred from Emergency Offer¬
ing . .25,971.96 76,552.15
DISBURSEMENTS :
Foreign "Fields . 54,775.70
Interest on Borrowed Money . 7,554.16
Woman’s Missionary Union . 1,900.00
Baptist Brotherhood of the South .. 290.00
Interest on Annuities . 1,136.39
Book Dept. — Purchases 147.36
Expenses 408.19 . 555.55
Annuity Securities . . 1,000.00
Southern Baptist Convention . 3,321.22
All Other Expenses . 2,671.19
?OC4.2l
Plus increase within the month of
funds on hand for investment . 3,347.94 76,552.15
Received from Emergency Relief Offering to
January 1st .130,597.44
Less amount used to January 1st . 91,867.72
Balance in Banks January 1, 1933, available
for Current Budget . $ 38,729.72
CURRENT ASSETS AND LIABILITIES
ASSETS j
Cash in Banks . 38,729.72
Book Dept.-A/c’s Rec. 277.93
Inventory l/l 10,127.90. . 10,405.88
Estate of John Sillers . 1,285.36
Estate of J. H. Pepper . 357.00
Stocks and Bonds . 610.00
Richmond (Va.) Real Estate . 12,500.00 63,887.91
Current Liabilities in excess of
Current Assets . 1,090,082.00
§T,T55,969.91