THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS 

 TRANS. SOCIETY PETROLEUM GEOPH YSICISTS, VOL. V (MARCH. 1935), P. 134 



THE SOCIETY OF PETROLEUM GEOPHYSICISTS 

 FINANCIAL STATEMENT, 1934 



Mr. E. E. Rosaire, President 

 Society of Petroleum Geophysicists 

 Tulsa, Oklahoma 



Dear Sir: 



Pursuant to instructions received, we have made an audit of the financial transac- 

 tions of B. Hubbard, Treasurer, Society of Petroleum Geophysicists, for the 

 period from March 24, 1934, to December 31, 1934, inclusive. 



Our examination did not embrace a confirmation by correspondence of dues from 

 members and delinquents in respect thereto. 



Exhibit A [not included in this printing] is a statement of dues receivable from 

 March 24, 1 934, to December 31, 1 934, inclusive. The list of members and ' ' back dues" 

 are taken from the records of the Treasurer. Upon inquiry, we were advised there was 

 no former report or list of delinquents with which these records could be reconciled. 



Summaries of the "Dues Receivable" account and cash transactions are presented 

 below: 



Dues Receivable: 



Back dues $ 220.00 



Current dues $870.00 



Less — ^paid to former Treasurer 5.00 865.00 



Total dues receivable $1 ,085 . 00 



Collections — back dues $100.00 



Collections — current dues 635.00 



Total collections 73S-oo 



Delinquent $ 350. 00 



Cash Transactions: 



Balance received from former Treasurer $ 70.45 



Collections 73S-oo $ 805.45 



Disbursements: 



To A.A.P.G.— bulletin cards $ 30.00 



Secretarial work (May to December) 80.00 



Application blanks 17.02 



Membership cards 4-55 



Postage 15. 00 



Stationery and miscellaneous 28.42 174-99 



Balance December 31, 1934 $ 630.46 



Yours very truly, 



(Signed) Frazer A^fD Torbet 

 Certified Public Accountants 

 Tulsa, Oklahoma 

 January 10, 1935 



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