General Conference Bulletin, vol. 1

STATEMENT OF FREDRIKSHAVN’S HIGH SCHOOL

M M OLSEN

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

RESOURCES

No Authorcode

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

No Authorcode

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

LTNe

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.