520 Bird -Lore 



JOHN H. KOCH & COMPANY, Certified Public Accountants 

 55 Liberty Street, New York 



New York, October 25, 1918. 

 The Audit Committee, 



National Association of Audubon Societies, 

 1974 Broadway, New York, N. Y. 



Gentlemen: — In pursuance with engagement, we have made the customary 

 examination of the books, accounts, and records of the National Association of 

 Audubon Societies for the year ended October 19, 19 18, and present herewith 

 the following Exhibits: 



Exhibit A — Balance Sheet as at October 19, 1918. 



Exhibit B — -Income and Expense Account, General Fund. 



Exhibit C — Income and Expense Account, Egret Fund. 



Exhibit D — Income and Expense Account, Children's Educational 



Fund. 

 Exhibit E — Income and Expense Account, Department of Applied 



Ornithology. 

 Exhibit F — Statement of Receipts and Disbursements. 



Our examination embraced a verification of all disbursements made, which 

 were substantiated either by approved receipted vouchers or canceled endorsed 

 checks. 



We attended the Safe Deposit Company's vaults and examined all invest- 

 ment securities, which we found in order. 

 Submitting the foregoing, we are. 



Very truly yours, 



JOHN H. KOCH & CO. * 



Certified Public Accountants. 



