FINANCIAL STATEMENT OF THE ECHO PUBLISHING CO., LIMITED

L T NICOLA

RESOURCES

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Cash $ 63 12 Deposit in Melbourne bank 2,941 79 Deposit in Adelaide bank 99 79 Real estate 15,846 88 Office furniture 954 22 Printing department 15,208 40 “Echo” library 270 79 Australian Tract Society 7,350 17 Australian Conference fund 3,886 59 Stationery 217 75 Subscription books 8,990 31 Trade books 4,091 84 Calendar account, No 6 694 30 Current accounts 4,727 89 Total $65,343 84

LIABILITIES

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General Conference Association 12,963 75 International Tract Society, Limited 11,204 17 Deposits 25,003 34 New Zealand Tract Society 336 44 Union Conference 1,359 49 Bank account 96 43 Current accounts 4,607 26 Balance - net worth 9,772 96 Total $65,343 84 Net worth June 30, 1895 $ 9,772 96 Net worth June 30, 1894 9,461 71 Gain for year $ 311 25

LOSS

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Doubtful accounts $ 280 20 Interest 1,006 58 Depreciation on Echo library 14 27 Depreciation on office furniture 113 36 General expense account 1,933 20 Inventory of papers (Echo) 225 60 Royalty account 139 87 Advertising 9 37 Balance 238 18 Total $ 3,960 63

GAIN

LTNe

Printing department $ 2,467 29 Book department 1,140 40 Stamp account 12 80 Bible Echo 80 39 Calendar account, No 5 259 75 Total $ 3,960 63