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Board Rooms, March 8,1928,
The Board met in regular session at 4 P.M. , the
President presiding.
Brother S.B. Cousins led in prayer, especially for
Dr. Love and his Family.
The following were present: Miss Alta Foster,
Mrs, Carrie W. Moore, Cousins, Gwathmey, Gaines, Jenkins,
Storer, Montague, Harris, Williams, Clark.
Also Secretary Ray, Treasurer Buxton, Dr.J.R.
Sampey of Louisville, Ky. , and -Dr. Yip of Canton, China.
The Treasurer reported as 'follows:
Report of the Treasurer —
Month of February 1928.
Balance in Banks January 31-, 1928. .. . 195,244.43
RECEIPTS— .
Cooperative. Program . ,46,298.88
Designated Gifts . .17,262.08
Lottie Moon Christmas Offering . 24,623.87
Foreign Mission Debt— Direct . 1,726.00
Legacies — Ala.... 129.40
Penn... 3,780.00
Texas.. 100.00
Va . 900.00 4,909.40
Annuities.., . . . w . . . 1,100.00
Income from .Annuity Securities,,*... 333.00
Income from .Endowment Securities.... 100.50
Income from .Trust Funds . 1,228.71
Income from .Connell Property-Okla. . . 200.00
Book Dept.,- Sales and Collections.. 2,054.97
Miscellaneous Income . 60,65 _ 99,898,06
Total
295,142.49
DISBURSEMENTS ~
Foreign Fields . 100,937.73
Interest on Annuities . 1,318.96
Interest on Borrowed Money . 9,644.09
Notes Payable . 75,421.75
Book Dept.- Purchases. .664.89
Expenses. . .535.44 1,200.33
Woman1 s Missionary Union . 1,650.00
Baptist .Brotherhood of the South..... 450.00
Inter-Board Commission . 350.00
All „Other Purposes . 4,074.37
195.047.23
Balance in Banks February 29,1928
100,095.26
CURRENT ASSETS AND LIABILITIES.
ASSETS—
balance in Banks . 100,095.26
Book Dept. -Acct. Receivable 2,901.43
Inventory. .7,059,91 9,961.34
Appropriations — Expenses. . 353,448.14
Special Acct. Geo. N. Sanders 74,973.54
Less: Reserve for Loss.... 50,000,00 24,973.54
Stocks and Bonds . 8.200.00 £396.583.02
496,678.28
Current Liabilities in Excess of Assets . 1.006.520.05
"Т;ТШ,198.33
(Over)
