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Transcribe page 20 of 22
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Download PDF for NMAAHC-2013_208_7_020 (project ID 11976)
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when we fill their orders, whether they are for printing supplies, books or what not, and then they do not pay the accounts, they are borrowing the institution's money without paying interest thereon. It seems that few ministers or Sunday school leaders realize this fact; they do not seem to know that it is an imposition upon the National Baptist Publishing Board when a Sunday school superintendent or pastor will purchase on credit, the Sunday school or church will change leadership, and then the incoming officer does not feel that it is his or her duty to see that the old account is paid. Very often these organizations collect the money, turn it over to the minister or superintendent, and he will put the money in his pocket or on his bank account and send us his personal check; this check will come back to us unpaid each time, with an added fee. We will notify, or try to notify them, and that is the end of it. Ofttimes checks are sent to us on banks and then the banks will close before the checks get back for collection; but in either case the Publishing House must sustain the loss. Only several weeks ago your Secretary published a list of unpaid checks covering a period of perhaps a year or more. This was only a sample of what we had on hand. (38) [[end page]] [[start page]] RECEIPTS AND DISBURSEMENTS July 31, 1929 to July 1, 1930. 1929 - July 31 - Receipts and Accounts Receivable - $24980.25 July 31 - Disbursements - $24875.31 Aug. 31 - Receipts and Accounts Receivable - 16913.99 Aug. 31 - Disbursements - 16771.86 Sept. 30 - Receipts and Accounts Receivable - 25354.56 Sept. 30 - Disbursements - 19943.94 Oct. 31 - Receipts and Accounts Receivable - 28405.83 Oct. 31 - Disbursements - 27701.91 Nov. 30 - Receipts and Accounts Receivable - 15412.17 Nov. 30 - Disbursements - 14876.21 Dec. 31 - Receipts and Accounts Receivable - 27334.09 Dec. 31 - Disbursements - 23665.36 1930 - Jan. 31 - Receipts and Accounts Receivable - 29973.18 Jan. 31 - Disbursements - 23697.56 Feb. 28 - Receipts and Accounts Receivable - 13302.07 Feb. 28 - Disbursements - 10346.32 March 31 - Receipts and Accounts Receivable - 39442.93 March 31 - Disbursements - 17917.34 April 30 - Receipts and Accounts Receivable - 42284.97 April 30 - Disbursements - 27523.68 May 31 - Receipts and Accounts Receivable - 19933.64 May 31 - Disbursements - 10208.73 June 30 - Receipts and Accounts Receivable - 30924.04 June 30 - Disbursements - 25473.68 Total [[Receipts and Accounts Receivable]] - $314181.72 Total [[Disbursements]] - $243001.89 Difference in Receipts and Disbursements - 71179.83 In concluding this Report, we wish to state that the National Baptist Publishing Board's Plant has been audited by Certified Public Accountants and by the auditor of the National Baptist Convention. These Certified Accountants not only audited the Plant, but made a full report of the same. The plant has also been appraised by the Lloyd's Appraisal Bureau at Chicago, one of the recognized Appraisal Bureaus of America; therefore, in submitting the facts to you as we have, we have done so knowing that they are backed up by recognized concerns that the financial institutions of America (39)
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