SUMMARY OF ALL RECEIPTS In forecasting the financial outcome of any year the Legacy Reserve eliminates much of the former uncertainty as to legacies, and makes it possible to foresee more accurately what will be the amount available for current work from such sources. Perhaps the most encouraging feature of the past year's record is the substantial increase in this reserve. This increase makes it possible in future to take the actual amount in hand rather than an assumed amount as the basis for estimating legacy receipts. Within the past year the increase in the Legacy Reserve has been $82,864.67, and the amount of such reserve is now $284,513.65. If we include not only this gain in the Legacy Reserve but also $33,162.65 added to the Board's Permanent Funds, with the $837,999.15 received for current work, we have the gratifying sum of $954,026.47 as the total receipts of the Board for the year. Traveling expenses of Rev. H. M. Tenney Circulars, tracts, advertising, postage, clerk hire, rent, and stationery . 501.66 14,215.42 2,732.63 825.00 367.07 $29,016.53 Cost of Missionary Herald, including salaries of editor and general agent and copies sent gratuitously, according to the rule of the Board, to pastors, honorary members, and donors Deduct amount received from subscriptions $10,996.65 1,262.13 1,510.33 $7,954.15 for advertising in Missionary Herald. Annual Report Almanacs, $729.39, less $649.10 received from sales Mission Dayspring Congregational Work Clerk hire... Expense of distribution of miscellaneous publications Pamphlets, tracts, and miscellaneous printing Less amounts received from sale of literature Chinese Deputation report COST OF ADMINISTRATION 1. Department of Correspondence Salary of Dr. Barton, $3,750, less $794.15 received from Fund for Officers Salary of Treasurer, $3,750, less $794.14 received from Fund for Officers RECEIPTS Donations, as acknowledged in the Missionary Herald Legacies, as acknowledged in the Missionary Herald Due from cooperating societies August 31, 1908 Balance at debit of the A. B. C. F. M. August 31, 1908 FUNDS OF THE BOARD General Permanent Fund. $500 added during the year. Income for current work . . Permanent Fund for Officers. Income applied to salaries of officers Twentieth Century Fund (including balance of George H. Weston Legacy) for averaging legacy receipts. Conditional Gifts Fund Asa W. Kenney Fund (conditional gift) COLLEGES $650,981.71 166,369.34 20,648.10 36,418.48 79,891.05 $954,308.68 Foochow College Professorship Endowment for professorship in China North China College Endowment for current expenses of the college Cyrus S. Richards Fund for salary of president of Anatolia College St. Paul's Institute, income for institute. Elisha D. Smith Memorial Fund for salary of teachers in Foochow College, 400.00 2,897.10 78,600.00 25,000.00 HOSPITALS Adana Medical Fund for medical work in Adana. Diarbekir Hospital Endowment for medical missionary at Diarbekir Gordon Theological Seminary for endowment of seminary MISSIONARIES, PREACHERS, AND TEACHERS 10,000.00 5,000.00 1,800.00 Susan B. Church Memorial Fund for native agency in India Glenbrook Missionary Society Fund for two native workers in India William White Smith Fund for education of native preachers in Africa 30,859.38 |