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Board Rooms, Thursday, May 8,1930.
The Board met in regular session in the Board
Rooms at 4 P.M. , the President presiding.
The meeting was opened with prayer by Brother V/oodfin.
The following were present: Gwathmey, Miss Foster, Gaines,
Coleman, V/oodfin, Williams, Jenkins, Storer, Cousins, Clark,
Montague, Harris. Also Executive Secretary Ray, Home Secre¬
tary Sallee, and Treasurer Buxton.
Brother Sallee was introduced to the Board as our
newly elected Home Secretary and made a brief statement.
The Treasurer reported as follows:
MONTH OF APRIL, 1930.
Balance in Banks, March 31,1930
$41,574. 11
RECEIPTS:
Cooperative Program . 148,505.51
Designated Gifts . 55,976.85
Lottie Moon Offering . 1,352.93
Debt —Direct . 379.84
Income from Annuity Securities . 1,189.00
^Income from Endowment Securities . 1,341.85
Income from Trust Funds . 491.42
Legacies: North Carolina . 100.00
Miscellaneous Income . 30.00
Annuities . 100.00
Endowment Funds . 6,000.00
Annuities Securities . 1,695.00
Endowment Fund Securities . 1,600.00
Book Dept:- Sales and Collections . 1,510.46
Total to account for .
220,272.86
DISBURSEMENTS:
Foreign fields . 80,365.59
Interest on Borrowed Money . 168.33
Interest1 on Annuities . 2,023.88
Annuity Securities . 6,000.00
Woman’s Missionary Union . 1,900.00
BaptistBrot&erhoodof the South . 500.00
Notes Payable — 20,000.00
Book Department : -Purchases 330.07
Expenses 247,73 .. 577.80
All Other Purposes . 4,633.64
Balance in Banks and in Transit .
116,169.24
Т?Ь,677.73
CURRENT ASSETS AND LIABILITIES.
ASSETS:
Cash in Banks and in Transit . 145,677.73
Book Department.--
•Accounts Receivable 826.55
Inventory
4/30 /30
13,800.71 . 14,627.26
Richmond Real Estate . 16,500.00
Estate of John Sillers . 2,385.36
R.E.Burt Claim . 3,090.00
Unused Appropriations (Expenses) . 188.525,43
Current Liabilities in Excess off Current Assets. .
370,805.78
630.847.55
$17ТЯ5Г,'б'53'.'33
LIABILITIES:
Reserve Funds —
Evangelistic Hall, China. 26,552.74
Capital Exp. in Mexico.". 9,848.24
C. 0. Milford Fund . 1,200.00
Due Investment Fund .
Letters of Credit(Expenses) . . .
Notes Payable . 675,000.00
Reserve for Contingent Notes Payable. 16,792.50 $1,001,653.33
E.P. Buxton, Treasurer.
37,600.98
9,014.58
263,245.27
