Reports of State Societies and Bird Clubs 467 



of our members attended the wonderful 'Bird Masque' by the Charles W. 

 Henry School of Germantown in their Bird Sanctuary in the Upper Wissa- 

 hickon. The Wyncote Bird Club has gained in numbers and strength during 

 the year, and the prospects for the winter look good. — Esther Heacock, 

 Secretary. 



JOHN H. KOCH & COMPANY, Certified Public Accountants 

 55 Liberty Street, New York 



October 25, 1922. 

 The Audit Committee, 



National Association of Audubon Societies, Inc., 

 1974 Broadway, New York, N. Y. 



Gentlemen — We have completed our customary examination of the books, 

 accounts, and records of The National Association of Audubon Societies, Inc., 

 for the year ended October ig, 1922, and present herewith the following Ex- 

 hibits: 



Exhibit A — Balance Sheet as at the close of business, October 19, 1922. 

 Exhibit B — Income and Expense Account, General Fund. 

 Exhibit C — Income and Expense Statement, Egret Protection Fund. 

 Exhibit D — Income and Expense Statement, Children's Educational Fund. 

 Exhibit E — Income and Expense Statement, Department of Applied 



Ornithology. 

 Exhibit F — Income and Expense Statement, Fund for National Parks' 



Defense. 

 Exhibit G — Income and Investments, Permanent Fund of 1922. 

 Exhibit H — Statement of Cash Receipts and Disbursements. 



All disbursements made on account of your various funds were substan- 

 tiated either by duly approved and receipted vouchers or cancelled endorsed 

 checks. 



We examined all investments held at the safe deposit vaults accompanied 

 by your Messrs. Pierson and Carter, and found same in order, excepting the 

 H. Dougherty loan on which a principal payment of $500.00 was defaulted 

 on February 16, 1922. We were informed that this matter has received 

 consideration from your Board. 



Confirmations were received from your depositories, certifying to the 

 balances as shown on your books. 



Submitting the foregoing, we are Very truly yours, 



JOHN H. KOCH & CO., 

 Certified Public Accountants 



