General Conference Bulletin, vol. 2

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.