Caption: UI Library School Alumni Newsletter - 21
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6 per cent stork certificates of tlie Commercial Building & Loan Association. I'rbana, Illinois « 0 „ deposit in Bowery Saving! Bank, New York City [ Total Sources of t his amount: Reported, 1933 From lite memberships and special contributions, augmented by authorized advance of $596.00 from the general treasury' in 1927 $5,293.50 From interest collections 1,529.02 Leas scholarships paid (300.00) Year, 1933-34 %2 ™ 16,562.51 Total to date $132.50 207.59 (300.02) $5 426 00 1*736 61 (600.02) $6,522.52 $6,562.59 The 1933 report was made as of October 1; the net increase in the hands of the Trustees since that time is $40.07. The apparent excess of expenditures over income from interest is due to the fact that the report covers receipts for only eight months; another interest payment of $150.00 from Building & Loan is due July 12. June 1, 1934 Respectfully submitted, JOHN S. CLEAVINGER For the Trustees FINANCIAL REPORT OF TREASURER, 1933-34 Cash brought forward Receipts Annual membership dues Life membership collections Loans repaid by students Interest A. L. A. dinner committee Total Expenditures News Letter No. 19 Endowment Fund Trustees Tax on checks Balance June 15, 1934 Total assets Loans to students Invested in Commercial Building and Loan at 6% In closed First National Bank, Champaign In closed First National Bank, Urbana Total assets Liabilities- None. $129.79 *.. $ 93.00 45.00 135.00 19.90 6.94 299.84 $429.63 $79.58 45.00 04 $124.62 $305.01 $500.00 300.00 141.07 295.81 ' 1 > 236.88 It is probable that payments on deposits in closed banks will average about 4 0 % of the totals now on deposit. It is urged that members make an effort to pay their dues with more regularity and that the more recent graduates join the Association in greater numbers. JOSIE B . HOUCIIENS, Secretary-Treasurer
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