The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1905-05-19
LIABILITIES.

o. ,153 e.
LIABILITIES
Fail Paid Stock. 10. 800 90
Installment Stock...................... $3.50 10
Forfeiturcs reserve fund ......... 500 90
Undivided Profits. less exp. paid SO 50
Dividends on lnstallment Stock
to be distributed May ist.... 2,o18 81
Interest on Full Paid Stock. 961 5S
H. c. & NJ. NJ. Johnson note act. $40 ~
S1O2, 1913 62
There were in force April 3oth, 1905, +o5
shares OF Full Paid Stock, and 921 shares of
Instalment Stock
The total dividends distributed during the
year were:
Onintall'mt Sex LIST mos. 312 p. c. 50, 12S SO
I'd 6mos. 312 p. c. 2.o13 81
On Paid Up Shares 1st months 92S 16
I'd months 1913 81
Total tor the year.................... Sc ,1+3 So
The cost of administration including all
expenses during the year, amounted to
We are pleased to report that only three
borrowers are in arrears and these for small
amounts.
Respectfully submitted,
J. EDWIN WEBSTER,
VIM. s. FORWOOD, JR.,
PHILIP H. CLOSE,
Committee.
John d. Worthington, made the following re-
marks:
''On behalf of the Board of Directors, 1 de-
sire to say that they have held regular weekly
sessions during the past year have admins
tered the affairs of the association strictly in
accordance with both the letter and the spirit
OF the constitution; have on hand no securi-
ties which In their Judgment are not fully
adequate to protect the loans they are in
tended to secure: have steadily maintaine
surplus fund of $500 to meet possible losses
though up to this time they h ave lost o thing;
and have conducted the business based on in
vestments aggregating over 100000 at a
total cost of 1881 .65."
To THE AUDITING COMMITTEE OF THE FIRE
SIDE PERMANENT BUILDING ASSOCIATION
In obedience to your request, conveyed to
me through your President, Mr.. John d.
Worthington, to examine the books of your
ASSOCIATION and the statement based thereon
for the fiscal period of six months, ending
April 80, ult., inclusive l beg to say that
after an examination of the auxiliary of pre-
Hminary books, l checked off the cash journal
all of the securities and the actual cash as de-
manded by the treasurer'S statement and
found the same absolutely correct in accord
ance Herewith,
The cash journal which is an epitome of
the workings of the company, and was, I
perceived, written up daily and summarized
at the end of each month-at which times the
post'ngs are made regularly, should meet
every requirement.
The theory of bookkeeping used is plain
but very comprehensive and it being under
the immediate control OF Mr.. Wylie Hopkins
and ex-officio inspection of the treasurer Mr.
M. Maynadier, the accuracy of the same /
bSliCNS ~ NC i. Inc DOCKS
all show evidence of care and are in good cleri-
cal shape.
| would merely, in passing, suggest the
ledger be closed whenever the dividend state
ment Is taken off.
Respectfully submitted,
JOHN 5. HOLT.
Expert Accountant.
May II, 1905.
The undersigned committee ofstockhoders
OF the Fireside Perfnan Building Associa-
ton OF Hartford County, to whom the above
report was referred, have examined the books
and securities of the association and found
the directors statement to be correct.
The committee made q careful ex Examination
of the securities held by said association and
believe all the investments to have been
prudently made and the securities ample for
the loan. The books have been neatly and
accurately kept, and the business of the asso-
citation economically managed.
THOS. H. ROBINSON
]. w. THOMPSON
CHAS. T. WRIGHT
Committee.