ADMINISTRATION FUND.

Receipts.
Balance December 1, 1907$ 4,651.53
Membership dues:
Proceeds special propaganda—Life$ 875.00
Proceeds special propaganda—Annual3,530.87
4,405.87
Remitted by Branches3,590.55
Interest on investments of Endowment Fund847.00
Repayments1.43
Donations1,350.00
Proceeds, sale of Christmas Stamps1,627.95
Proceeds, sale of badges, text-books, etc.57.95
Total$ 16,532.28
Disbursements.
Salaries$ 2,979.08
Clerical services382.75
Traveling expenses72.57
Publication of Bulletin (part)1,936.36
Printing and stationery554.05
Postage and minor office expenses450.00
Telephone service65.36
Telegraph service85.84
Badges, text-books, etc.105.00
Refundments116.73
Transfer to “Guarantee Fund,” for special propaganda2,500.00
Life dues received through special propaganda, transferred to Endowment Fund875.00
Total$ 10,122.74
Balance December 1, 19086,409.54
$ 16,532.28