FINANCIAL STATEMENT OF THE S. D. A. PUBLISHING ASSOCIATION FOR YEAR ENDING DEC. 31, 1896

L. T. NICOLA

Resources Liabilities. Real estate, $ 70,326 00 Personal property, 96,244 31 Notes receivable, 61,773 69 Cash, 3,005 69 Cash in banks, 780 92 Accounts receivable, 114,689 48 Cuts and engravings, 4,977 13 Type, 8,564 10 Material, 18,780 89 Work in progress, 10,405 35 Stock in salesroom, 90,192 11 Fuel on hand, 416 00 Notes payable, $172,575 53 Demand notes, 16,526 47 Accounts payable, 51,102 66 Capital stock, 148,290 00 Stock not issued, 62,802 27 Donations and legacies, 2,738 10 Surplus, $23,041 33 Net gain, 3,079 31 26,120 64 $480,155 67 $480,155 67 Capital stock $148 290 Stock not issued, 62,802 27 $211,092 27 Surplus, $23,041 33 Net gain, 3,079 31 26,120 64 Present worth, $237,212 91

The auditor, W. H. Edwards, then submitted his report, as follows:—GCB January 1, 1897, page 59.1

This is to certify that I have examined the books of the Seventh-day Adventist Publishing Association both in the banking and manufacturing departments, and find them methodically kept, and accurately so, according to my best knowledge and belief.GCB January 1, 1897, page 59.2

W. H. EDWARDS, Auditor. Jan. 13. 1897.

S. H. Lane moved, W. C. White seconded, that the treasurer’s report be accepted. In support of the motion, W. C. White commented favorably upon the management of the association, especially in its efforts to reduce its liabilities and accounts receivable, and to guard well the stability of the institution. The motion to accept was carried.GCB January 1, 1897, page 59.3

On motion of W. C. Gage the auditor’s report was accepted.GCB January 1, 1897, page 59.4

The secretary then read the minutes of the advisory meetings held by the stockholders in College View, in connection with the General Conference.GCB January 1, 1897, page 59.5

It was voted to authorize the chairman to appoint the necessary committees. Thereupon the following named were: On nominations, J. N. Loughborough, O. H. Jones, R. A. Underwood; on plans, G. C. Tenney, S. H. Lane, W. C. White.GCB January 1, 1897, page 59.6

The meeting then adjourned to 9 A. M., March 11.GCB January 1, 1897, page 59.7

W. C. SISLEY, Chairman.
G. C. TENNEY, Sec.