Page:Folk-lore - A Quarterly Review. Volume 29, 1918.djvu/21



BALANCE SHEET, 31st DECEMBER, 1917·

LIABlLITIES.

ASSETS.

In addition to the above there is a large stock of Publications of the Society, and also of bound copies of the salvage stock, of which no account is taken. Considering that about £79 due from alien enemies has not been taken into account in this balance, although included in the list, I find that the arrears were about £56 more than they were a year ago; and I estimate their value at about 50 per cent.

Further, I consider that the investments should be written down about 30 per cent as their early recovery is very doubtful. This will reduce the balance to the credit of the Society by about £335.

EDWARD CLOOD, Hon,. Treasurer. Janurary 23rd, 1918.

I agree with the  Auditor's Note, the Investments  should  be written down to market,value—i.e to £70 percent.—so that  the Assets are actual and not artificial.

24th February, 1918. EDWARD CLODD,  Hon  Treasurer.