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10.

 Again we want to thank Messrs Walker and Can, whose faithful help and service have continued without any kind of remuneration. To the office staff, especially Miss Martin, to the officers, directors, chairmen and committee members, our thanks and deep appreciation for all your good work.
 
 To conclude, I as your president, should like to say, that upon entering our fourth year, we can look back with pride to our accomplishment, in spite of overwhelming odds, and look forward to even greater milestones. I am certain our aims and principles will be the blueprint for many future generations of artists. Equity has endeavored, to give the dignity and stature, of the artist his due place in society, as a human, and deserving, individual.

Yasuo Kuniyoshi
President