INTRODUCTORY PROCEEDINGS. 59 



THE SOCIETY OF NAVAL ARCHITECTS AND MARINE ENGINEERS. 



Balance Sheet. 



October 31, 1921. 

 Exhibit "A." 



RESOURCES. 



Cash on hand and in bank $2,623.01 



Certificate of Deposit — Bank of America 3,000.00 



U. S. Certificate of Indebtedness, $5,000.00 5,034.38 



U. S. Certificate of Accrued interest 23.93 



Accounts receivable — -dues 5,705.00 



Accounts receivable — dealers, etc 343.50 



Publications — inventory 5,272.52 



Furniture and fixtures 940.50 



Total general resources $22,942.84 



Endowment Funds : 



Corporate Stock, City of New York, $7,000.00— 4>^s $7,000.00 



Bonds $5,000.00 Brooklyn Public Market 3^s 5,000.00 



Bonds 4,000.00 Baltimore & Ohio R. R,— Conv. 4^ 3,925.00 



Bonds 2,000.00 Morris & Essex R. R.— 1st Ref. 3>4s 1,732.50 



Bonds 3,000.00 Central Pac. R. R.— 1st Ref. 4s 2,651.25 



Bonds 1,000.00 U. S. Liberty— first Convb. 4}i 1,000.00 



Bonds 3,500.00 U. S. Liberty— second Conv. 4>^s 3,500.00 



Bonds 2,800.00 U. S. Liberty— third 4>4 2,800.00 



Bonds 5,350.00 U. S. Liberty— third 4>4s 4,936.81 



Bonds 6,750.00 U. S. Liberty— fourth 4^s 6,750.00 



Bonds 1,000.00 U. S. Victory— fifth 4%s 1.000.00 



Cash in bank 235.28 



Total endowment funds 40,530.84 



$63,473.68 



LIABILITIES. 



Annual Banquet 1921 $1,512.00 



Dues and fees, paid in advance, etc 492.00 



Total general liabilities $2,004.00 



Present Worth : 



Endoimnent Funds $40,530.84 



General Funds — -Balance November 1, 1920 $14,431.16 



Gain— see Exhibit "B" 6,507.68 



Balance, October 31, 1921 20,938.84 



Total 61,469.68 



$63,473.68 



