60 INTRODUCTORY PROCEEDINGS. 



Income and Expenses for the Twelve Months Ended October 31, 1921. 



Exhibit "B." 



INCOME. 



Dues accrued for year $25,435.00 



Less amounts written off 1,317.50 



Net $24,117.50 



Annual banquet— 1920 1,743.68 



Publication — sales 1,657.50 



Interest 255.41 



Pamphlets and year book — sales 16.54 



Total $27,790.63 



EXPENSES. 



Publication— Inventory, November 1, 1920 $7,249.24 



Preliminary papers^l920 2,591.97 



Volume No. 28—1920 6,652.85 



$16,494.06 



Inventory, October 31, 1921 $7,030.03 



Less 25 per cent deducted for depreciation. . 1,757.51 



5,272.52 



Cost of publication $11,221.54 



Annual meeting — twenty-eighth 1,350.44 



Special meeting — May, 1921 653.22 



Rent 1,002.00 



Office salaries 4,074.92 



Office expenses 2,006.48 



Miscellaneous printing, membership list 611.90 



Storage 112.00 



Bank collection charges 6.56 



Transportation 54.39 



Donation to Industrial Training Congress 85.00 



Depreciation on furniture and fixtures — 10 per cent on $1,045.00. . . . 104.50 



Total 21,282.95 



Excess of income over expenses for the twelve months ended October 31, 1921 . . $6,507.68 



