Fraternity-Testvériség, 1969 (47. évfolyam, 1-12. szám)

1969-04-01 / 4. szám

VII. STATEMENT OF LEDGER ASSETS

December 31, 1968

I. CASH ON CHECK ACCOUNTS:

a. United States_______________-.................................$

b. Canada ____________________________________

Book Value

83,766.70

28,188.49 $ 111,955.19

MISCELLANEOUS ITEMS

H. PETTY CASH.................

III. BONDS

a. United States Bonds

b. Canadian Bonds ....

Par Value $7,901,250.00 90,000.00

$7,991,250.00

Book Value

$7,756,374.22

83,914.40

$7,840,288.62

IV. LOANS:

g lYTnrtfrn irpc*

1. United States .................................$5,992,583.80

2. Canada ................... 221,210.54 $6,213,794.34

b. Certificate Loans & Liens:

1. United States...................................$ 491,748.77

2. Canada ..................... 79.42 491,828.19

400.00

7,840,288.62

6,705,622.53

V. REAL ESTATE:

a. Property occupied by the Federation......................$ 618,730.24

b. Property acquired in satisfaction of debt______ 64,995.63 683,725.87

VI. DUE FROM BRANCHES & EXCHANGES:

a. United States ................................................................$ 1,760.69

b. Canada _____________________________________ 995.61 2,756.30

TOTAL LEDGER ASSETS, December 31, 1968 $15,344,748.51

Statement for 1968

Savings

Account Interest Balance Certificate

Number Earned 12-31-68 Number

Maryland State Savings & Loan Association

No.35728 $ 545.03 $ 545.03 No.930671

Interstate Building Association

No.267-0878-8 592.69 592.69 No.210-0397-2

TOTAL ........ $1,137.72 $1,137.72

Interest Balance Earned 12-31-68

$128.44 $15,128.44

146.56 15,146.56

$275.00 $30,275.00

H.R.F.A. Bethlen Youth Center

The Supreme Council at its meeting in September, 1966 approved a donation of $30,000.00 to the H.R.F.A. Bethlen Youth Center and reaffirmed its approval at the meeting in September, 1967 in Ligonier, Pa. On December 29, 1967 $30,000.00 was issued on Voucher No. 15304 and deposited in two separate Savings Accounts, $15,000.00 in the Maryland State Savings and Loan Association, located at 1617 K Street, N.W., Washington, D.C. in Account No. 35728, and $15,000.00 in the Interstate Building Association, located at 3430 Wisconsin Avenue, N.W., Washington, D.C. in Account No. 267-0878-8. Interest rate on both accounts was 4.75%.

In October, 1968 we learned that both banks were offering certificates at S%%. On October 22, 1968 the Investment Committee decided to purchase a $15,000.00 certificate at each bank, which we did on October 25, 1968 leaving the earned interest balance on each Savings Account. The statement appears at the end of the report.

In 1968 I was elected Treasurer of the American Hungarian Federation, Inc., which I consider an honor, not only to myself, but to the Federation, to serve in this capacity.

In the ever-increasing work in my department I am ably assisted by Miss Elizabeth Balazs, Secretary, who is now with the Federation for 40 years, and by Mrs. Agnes Harsanyi, Bookkeeper, for the last two years. Mr. Tibor Junghans, who worked with me part-time, left our employ as of March 1, 1969. We will miss him personally as well as his service in the work assigned to him in the department. His leaving puts a burden on the rest of us. I am fortunate

in having these fine persons to work with, and I express my sincere thanks for their faithful service.

To my Fellow Officers and the employees at the Home Office and on the field I extend my thanks and appreciation for their ready cooperation.

I submit my report, trusting that upon examination, it meets with your approval and your acceptance.

Fraternally yours,

Paul St. Milklossy, Treasurer Washington, D. C. March 6, 1969

Hymn to Our Mothers

1. Faith of our Mothers, living yet In cradle song and bedtime prayer, In nurs’ry love and fireside love, Thy presence still pervades the air: Faith of our Mothers, living faith, We will be true to thee till death.

2. Faith of our Mothers, lavish faith, The fount of childhood’s trust and grace, O may thy consecration prove The well-spring of a nobler race: Faith of our Mothers, lavish faith, We will be true to thee till death.

3. Faith of our Mothers, guiding faith, For youthful longing, youthful doubt, How blurred our vision, blind our way, Thy providential care without: Faith of our Mothers, guiding faith, We will be true to thee till death.

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