Treasur¬
er's Re¬
port —
Bills-
—220
Board Rooms, Sept. 7, 1923. (Friday)
The Board met in regular session at 4 P.M.,
the President presiding. The meeting was opened with
prayer by Dr. J.McF. Gaston of Laichowfu, China.
The following were present: Jenkins, Gaines,
Williams, Weeks, «Powell, Cousins, Montague , Gwathme
у
, Mrs.
Moore, Harris. Also Secretaries Ray and: Hester, Treasurer
Sanders, and Dr. and Mrs. Gaston of Laichowfu, China.
The Treasurer reported as follows:
Month of August 1923.
RECEIPTS—
balance July 31, 1923 . . . .
Received from 75 Million Campaign. . .29,585.91
New Missionaries Salary Fund . 1,473.35
Borrowed . 200,000.00
Rent Bottoms Memorial Bldg... . 1,375.00
Relief . 1,500.00
Legacies . & 1,005.82
Refunds Steamer Tickets not used, etc.2, 846.74
Interest on Liberty Bonds . 3.19
Contributions other than 75 Million
$1,643.97
Campaign. . . .. 1.409.18 239.199.19
240,843.16
DISBURSEMENTS—
Foreign Fields . 217,949.62
Interest on Borrowed Money . 8,635.19
State Expenses. . . 691.70
All other Purposes.... . 5.556.23 232,832.74
Balance in Banic. . . 8,610'.4'2
CURRENT ASSETS AND LIABILITIES-
ASSETS—
balance in Bank.. . 8,010.42
Certificates of Deposit. . 20,000.00
Liberty Bond . 100.00
Stocks and Bonds . . 1,350.00
Notes Receivable... . . . 29,554.37
Annuities Released-Securities not sold
15,621.90
Liabilities in excess of Assets. 2.982.187.74 $3,056,824.43
LIABILITIES—
borrowed koney . . . 1,296,405.25
Due The o. Seminaries as of
May 4,1923 . 272,665.26
Fund for Evangelistic Hall, Canton, 46,052.74
Due African Mission on 1922
Appropriation . 29,559.47
Letters of Credit . 1.412.141.71 3.056.824.43
Geo. N. Sanders, Treasurer.
Associate Secretary Ray reported the follow¬
ing bills which were ordered paid:
Sydnor and Hundley ...( General Expenses) $ 1.75
Virginia Stationery Co. " 7.95
Royal Laundry Towel Supply Co." 3.00
Carnegie Office Appliance Co. " 6.00
C. and P. Telephone Co. * " 21.56
Western Union Tel. Co . " 24.67
Postal Telegraph Cable Co. " 16.36
Total, " "51.25
The report of the Committee on China was
read by Brother L.H. Jenkins and adopted as follows:
WE RECOMMEND:
1. That $100, Hex., be appropriated to
