Page:Folk-lore - A Quarterly Review Volumes 32 and 33.djvu/21



LIABILITIES.

To Sundry Creditors, £121 3 1

Brand Commettee, 26 15 8

Compositon Fees, £27 8 0

Less written off, 10 10 0

16 18 0

Secretary's Poundage, 20 6 0

Balance to credit of Society,* 966 17 9

£1,152 0 6

ASSETS.

By Cash at Bankers, £422 1 1

in hands of Secretary, 1 11 6

£423 12 7

W. Glaisher, Ltd., Sales 1920, six months 28 6 11

Subscriptions in arrear, 1920 (44), £46 4 0

earlier years (37), 38 17 0

85 1 0

Investments as at Dec. 31st, 1920:—

£500 Canada, 3% Stock at 61, £305 0 0

£500 Natal, 3% Stock at 62, 310 0 0

615 0 0

£1,152 0 6

In addition to the above there is a large stock of Publications of the Society, and also bound copies of the Salvage Stock, of which no account is taken.


 * No allowance has been made for additional volumes, 1915 to 1920 inclusive.

Examined with Vouchers and Pass Book and found correct.

I again call attention to the large amount of subscriptions in arrear, £46 4s. for 1920, and £38 17 s. for earlier years. I consider that the whole of the latter should be deleted from the Assets, and that no more than 50% of the 1920 subscriptions are good value. I consider that the Council should deal with this matter promptly as it gives a false impression of the Society's Assets.