FINANCIAL.
In some respects our report is favorable. Our receipts for the eight months ending May 31st are $18,487.18 more than for the same period last year. If the Association had received funds from the Government this year for the eight months, $10,127.95, the receipts would have been 28,615.13 more than last year. The payments for the eight months have been $11,315.16 less than last year. With this showing the debt of the current year to May 31st is $19,419.98 as over against $49,222.32 to May 31st of last year, but as this debt of the current year is to be added to the $45,028.11 due at the close of the year September 30th, 1893, it makes the total debt May 31, $64,448.09. Those who have read the statements made in the Missionarywill recall that in the month of March our debt was reduced $10,718.47, and in April $4,847.40, but the fear was then expressed, which has since been realized, that these reductions might not continue. The month of May shows an increase of the debt, bringing it now to $64,448.09. We appeal most earnestly to the friends of the Association to stay the progress of this debt.