STATEMENT OF FREDRIKSHAVN’S HIGH SCHOOL

M M OLSEN

Year ending Oct 1, 1895.GCB October 1895, page 575.2

RESOURCES

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Real estate $18,010 76 Fruit trees and laying out of garden 406 61 Inventory 2,248 60 Stock (provisions) 310 59 Stock (books) 135 27 Sanitarium ground 1,075 27 Accounts receivable 933 22 Cash on hand 68 50 Total $23,188 82

LIABILITIES

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Mortgages $ 6,720 43 Loan on security 3,225 81 Trust fund 830 65 Accounts payable 1,179 64 Capital Oct 1, 1894 $10,079 83 Donations to building 2,165 03 Total $12,244 86 Loss during the year 1,012 57 $11,232 29 Capital Oct 1, 1895 11,232 29 Total $23,188 82

STUDY THE REPORTS

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WE would ask that the readers of the BULLETIN give the accompanying code of reports a careful examination, that they may become familiar with the work of the institutions under the jurisdiction of the General Conference.GCB October 1895, page 575.3

Owing to the business depression of the last two years, which fell as heavily on Seventh-day Adventists as on others, it is not surprising that our finances should be more or less affected. The average shrinkage of tithes in the State Conferences is over twelve thousand dollars (see report on page 576), which to the General Conference means one thousand two hundred dollars less for use in the home work; and the shrinkage of over thirty-six thousand dollars in offerings to Foreign Missions (see foot of report, page 577) means a great deal at this time to our faithful workers, who have by request of the Board left their homes to enter distant fields. If added to the possible hardships to which some may be subjected, their allowance should be abridged, you can see the strait into which they would be placed. Our people have always responded to an emergency, and we have confidence that they will meet the contingency with their help at this time. Again we ask a study of the reports.GCB October 1895, page 575.4

W. H. EDWARDS, Treas. Gen. Conf.