The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1915-06-10
RECOMM ENDATIONS

To the President and Honorable
Board of Directors Of the Farmers
Mutual Telephone Company.
conference.-the undersigned
committee. appointed by your Hon
Orable Board to audit the books Of
the company for the fiscal year end
ing June /, 1915. making recon-
mendations etc.
Having completed that duty &C
,ording to our best judgment, beg
TO submit the following report, and
suggestions for your consideration
We wish to heartily commend the
work of the present Secretary and
Treasurer and their assistants as
having been done in a painstaking
and careful manner.
We have made a careful and thor
ough check of all the cash accounts
Of the company, including all re-
ceipts and disbursements with the
results shown. We find these ac-
counts properly kept and in balance.
We have carefully investigated all
such matters as the limited time al
loted US would permit, making con-
sentative estimates as shown, in the
absence of such information as
would enable US to make a full and
complete financial statement, and
We find the business of the COM
pany to be in a prosperous and sat
sfactory condition.
For the benefit of future auditing
committees and officers OF the COM
pany we recommend that an accur-
ate map be made at once of all the
ines of the company throughout
he county, showing all such infOr-
nation as may be useful to the Of
Ulcers and employees of the company
in the operation and maintenance CT
such lines, and that such map be
carefully revised from time 10 time
Turing the year. Copies of same be-
ing furnished to each central office
and to the general office of the
company.
We recommend that a committee
be appointed as soon as practicable
composed of persons experienced In
such matters to go over the entire
property of the company and make
accurate inventories of the said
holdings including the valuations OF
Franchises, Real Estate, Lines, Of
flee Equipment, Supplies, Telephones
and Materials; and that such infOr-
nation be then used by the same or
mother competent committee as
proper basis for opening the neces-
sary Property Account In the
company's general books. That the
items of Betterments and Deprecia-
ton of all property and equipment
be accurately estimated each year
and properly carried on the general
books and shown in the annual
statement.
That the stock books of the COM
pany be carefully revised and
brought up to date. That a commit
tee be appointed to ascertain If all
subscribers now receiving benefits of
stock holders rates are bona fide
stock holders. and If each holds prop
er certificate, and IL not that certi-
ficate be Immediately issued and
properly recorded; and we further
recommend that this be done i'm
mediately. in order that the informa.
ton may be available to enable flu
ture auditing committees to make
full and accurate report.
That the practice at present In
force on denying long distance ser
vice to delinquent subscribers. and
removing telephones, If delinquent,
be rigidly adhered to. as we believe
this policy will ultimately greatly
reduce the amount of uncollectable
bills.
T. J. MILHOLLIN,
GEO. w. Prick.
T. P. REILLY,
Auditing Committee,