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Board Rooms, Saturday, Hov.12,1927.
The Foreign Mission Board met in the Foreign
Mission Rooms, Uov.12,1927* at 12 M. President Gaines
was in the chair.
The following were present:
President R.E. Gaines ■, Mrs. J.P. Thomas, Miss
Alta Foster, Dr. J.W.Storer, W.Thorburn Clark, L. Howard
Jenkins,
В.Ы.
Gwathmey, Hill Montague, Geo. T. Waite, Mrs.
Carrie W. Moore. Also Secretaries Love and Ray and
Treasurer Buxton.
. . The Treasurer reported as follows:
Month of October 1927.
Balance in Banks, Sept. 30, 1927 . 93,241.22
RECEIPTS—
Cooperative Program . 86,217.69
Designated Gifts . 14,837.89
Debt . 43.50
Legacies, Virginia. . 500.00 .
Legacies, Texas. .. . 1.200.00 . 1,700.00
Income from Annuity Securities . 546.46
Income from Endowment Securities. .. .1,188.70
Annuities. . 11,200.00
Borrowed Money . 75,000.00
Book Dept. — Sales and Collections.. 1,978.24
Miscellaneous Income... . 62.70
Income from Trust Funds . . 200.00
195,075,18
Total —
286,316.40
DISBURSEMENTS—
Foreign Fields . 107,923.71
Interest on Borrowed Money . 2,841.67
Interest on Annuities . 1,306.51
Annuity Securities . 1,200.00
Book Department Purchases, 257. 75
Book Department Expenses
1,191.59.. 1,449.14
Hew Shanghai Compound (Transfer of
Hong Kong-Shanghai Loan
to U.S.) 93,286.88
All Other Purposes. . . . 7,680.98 _ 215,688.89
Balance in Banks, October 31,1927... 70,627.51
CURRENT ASSETS Ai JD LIABILITIES.
ASSETS —
Balance in Banks. . . . 70,627.51
Book Dept. Acct. Receivable 2,078.02
Book " Inventory . 7,059,91 9,137.93
Appropriations: Expenses . 148,494.09
Special Acct. Geo. H. Sanders 74., 699. 59
Less:Reserve for Loss . 50,000.00
24,699.59
Stocks and Bonds . 1,000.00 253,959.12
Current Liabilities in Excess of Assets.. 1,185,447.85
■Т^;-Ь'6.97
LIABILITIES—
ifotes Payable (Borrowed Money) . 1,180,181.39
Designated Funds not yet appropriated 46, 794.06
Letters of Credit . 212,431,52 1,439,406.97
E.P. Buxton, Treasurer.
