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Board Rooms , Thursday, Sept .18,1930.
The Board met in regular session in the Board Rooms,
Sept. 18, at 4 P. M. , the President presiding.
The meeting was opened with prayer by Brother Y/oodfin.
The following were present: Walton, Woodfin, Mrs.
Thomas, Miss Foster, Gaines. Gwathmey, Clark, Slaughter,
Montague, Jenkins, Harris. Also Secretary Ray and Treas¬
urer Buxton.
The Minutes of July 10th were read and approved.
The Treasurer reported as follows:
MONTH OF AUGUST. 1930.
Balance in Banks August 1,1930
12,720.16
RECEIPTS:
Cooperative Program . 35,701.44
Designated Gifts . 12,581.15
Debt - Direct . 226.00
Legacies:- Georgia , 21,70
Missourl800.00 . 821.70
Income from Annuity Securities . 823.00
Income from Endowment Securities . 325.00
Miscellaneous Income . 169.34
Income from Trust Funds . 97.52
Annuities . 1,100.00
Annuity Securities . 200.00
Book Department-Sales and Collections. 604.39
Notes Payable . 55,000.00
107,649.54
DISBURSEMENTS :
Foreign Fields . 95,146.29
Interest on Borrowed Money . 7,004,94
Interest On Annuities . 1,551.69
Woman’s Missionary Union . 1,900.00
Baptist Brotherhood of the South . 480.00
Book Dept: Purchases—195.03
Expenses — 298.62 . 493.65
All Other Purposes . 4,129,80
Balance in Banks, September 1, 1930...
110,706.37
CURRENT ASSETS AND LIABILITIES.
ASSETS:
Cash in Bank . 9,663.33
Book Dept:- Acots Receivable. 951.80
Inventory . 13,800.71. . . 14,752.51
Richmond Real Estate . 16,500.00
Estate of John Sillers . 1,585.36
Due Current Fund . 77.20
Stocks and Bonds . 10,210.00
Unused Appropriations (Expenses) 333,814.50
Current liabilities in Excess of
Current Assets .
T7
LIABILITIES:
Reserve Funds:
386,602.90
876,115,72
262,718.62
Evangelistic Hall, China. .. 26, 552.74
Capital Exp. in Mexico . 9,973.46
Contingent Notes Payable. .. 16, 792.50
C.O.Milford Fund . . 1,200.00 54,518.70
Letters of Credit . . 378,199.92
Notes Payable . 830,000.00
1,262,718.62.
E. P. Buxton, Treasurer.