Journal of the North Carolina Annual Conference of the Methodist Church [serial] 1949

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Patterson $ 177.74 B. C. Reavis 316.00 $ 493.74 Annual Audit (1947-48) 75.00 Expenses as Financial Secretary 450.00 $ 6,908.74 Less: Transfer of 4 Dividends @ $85.00 each and 1 Dividend @ $50.00* 390.00 Total Disbursements 6,518.74 $ 9,178.37 Transfer to Dividend Fund (147% Active Members Who Have Paid in Full for 10 or More Years @ $60.00 each) 8,850.00 Balance, November 30, 1949 $ 328.37 Dividend Fund Balance December 1, 1948 $10,845.00 Add : 1949 Dividends 8,850.00 Total $19,695.00 Less: Dis...bursements to Claimants $ 390.00 1948 Dividend of Rev. N. B. Strickland 35.00 425.00 Balance November 30, 1949 $19,270.00 Reserve Fund Balance December 1, 1948 $63,753.41 Add: Interest Income on Investments 3,756.72 Balance November 30, 1949 $67,510.13 Recapitulation Balance Current Fund $ 328.37 Balance Dividend Fund 19,270.00 Balance Reserve Fund 67,510.13 Total $87,108.50 Invested As Follows Fidelity Bank, Durham, N. C, Checking Account $ 7,757.96 Morris Plan Bank, Durham, N. C, Savings Account $5,025.00 Investments Building and Loan Association, Paid Up Shares First Federal Savings and Loan Association Durham $ 5,000.00 Raleigh 5,000.00 Burlington 5,000.00 Home Building and Loan, Durham 5,000.00 Mutual Building and Loan, Durham 5,000.00 Security Building and Loan, Durham 5,000.00 Carolina Building and Loan, Wilmington 5,000.00 106 North Carolina Annual Conference Peoples Building and Loan, Wilmington 5,000.00 Fayetteville Building and Loan 5,000.00 $45,000.00 U.

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