Page:Folk-lore - A Quarterly Review. Volume 29, 1918.djvu/21

(Upload an image to replace this placeholder.)

BALANCE SHEET, 31st DECEMBER, 1917·

LIABlLITIES.

To Sundry Creditors,	£287	0	11
to„ Subscriptions paid in advance,	5	5	0
to„ Composition Fees,	23	4	0
Less written off,	7	7	0
				15	17	0
to„ Balance to credit of Society,[1]	1,194	18	2
				$1,503	1	1

ASSETS.

By Cash at Rankers,	£ 400	0	8
by„ Cash„ in hands of Secretary,	1	5	4
by„				£401	6	0
by„ S. and J. Sales Debtois (Sales in 1917),				25	5	7
[2]by„ Subscriptions in arrear, 19I7 (49)	£51	9	0
by„ Subscriptions„ 1916 and earlier years (28),	29	8	0
				80	17	0
by„ Investments at cost price:—
£500 Canada, 3½% Stock,	498	15	0
£500 Natal, 3½% Stock,	496	17	6
				995	12	6
				£1,503	1	1

In addition to the above there is a large stock of Publications of the Society, and also of bound copies of the salvage stock, of which no account is taken. Considering that about £79 due from alien enemies has not been taken into account in this balance, although included in the list, I find that the arrears were about £56 more than they were a year ago; and I estimate their value at about 50 per cent.

Further, I consider that the investments should be written down about 30 per cent as their early recovery is very doubtful. This will reduce the balance to the credit of the Society by about £335.

EDWARD CLOOD, Hon,. Treasurer. Janurary 23rd, 1918.

I agree with the Auditor's Note, the Investments should be written down to market,value—i.e to £70 percent.—so that the Assets are actual and not artificial.

24th February, 1918.

EDWARD CLODD, Hon Treasurer.

1. No allowance has been made for additional volumes for the years 1915, 1916 Or 1917·
2. Exclusive of £61 due from, members in belligerent countries. Examined with Vouchers and Pass Book and found correct. CHARLES J. TABOR, Hon. Auditor.