Fraternity-Testvériség, 1984 (62. évfolyam, 1-4. szám)
1984-04-01 / 2. szám
Page 10 TESTVÉRISÉG 2. CANADA SUMMARY Total Receipts in 1983 ........................$ 506,112.14 Balance forwarded from December 31, 1982 ..................... 59,206.88 Total Receipts..................................$ 565,319.02 Total Disbursements ................... 560,958.70 Balance on Check Account, December 31, 1983 ........................$ 4,360.32 Bank Reconcilement, Dec. 31,1983 Cash on HRFA Check Account 12-31-1983 ...................................$ 5,719.48 Outstanding Check, December 31, 1983 ....................... 1,359.16 Balance forwarded to January 1st, 1984 ...........................$ 4,360.32 3. CANADIAN SAVINGS ACCOUNT Bank of Nova Scotia, Toronto, Ont., Canada ...............$ 89,469.00 Cash on Checking Accounts: U.S.A................................ $181,928.00 Canada........................... 4,360.00 $186,288.00 Canadian Savings Account & U.S.A. Savings Account: Certificate of Savings ... $ 89,469.00 USA Shearson/ American Exp............ 225,601.00 USA Columbia Federal 186,086.00 $501,156.00 Total ...................................................... .$687,444.00 III. BONDS As specified in the By-Laws and directed by the Executive Committee during the year of 1983 $1,- 655,000.00 bonds were purchased. All matters pertaining the purchase and sale of bonds, purchase ofCertificate of Deposits, mortgage loans and other matters concerning the Federation were presented and acted upon at the Executive Committee meetings. The statement of bonds, bason on actual cost follows: Bond owned, December 31, 1982 Total Bonds purchased in 1983 . Actual Cost $16,568,439.00 1,616,827.00 Par Value $16,723,500.00 1,655,000.00 Total ................................................................... Matured or redeemed bonds & C.D.’s................... $18,185,266.00 $18,378,500.00 1,233,824.00 1,241,153.00 Actual cost of bonds owned, Dec. 31 $16,951,442.00 $17,137,347.00 In the Book Value of our bonds there is a difference due to the dropping of cents in the Annual Statement. On all mortgages the legal opinion of the counsellor, Alex B. Eger, Jr. Esq. was requested before any funds were disbursed. In the year of 1983 the Federation placed $160,- 000.00 in first mortgage loans in the United States. No Mortgages were placed in Canada. a. MORTGAGE SUMMARY Mortgages in the United States, December 31, 1983 ....................... $2,389,515.00 Mortgages in Canada, December 31st, 1983 ................... 7,690.00 Total mortgages, December 31, 1983 ....................... $2,397,205.00 There is a difference due to the dropping of cents in the Annual Statement. I wish to express sincere thanks to my Fellow Officers and members of the Board of Directors, to our counsellors, Judge Alex B. Eger, Jr., and László C. Pandy-Szekeres, our Chief Agent in Canada, to our accounts; Bennett Koppelman and Alvin Eg- low for their helpful services. I extend my thanks to those in the Home Office and to the members of the Field Force for their cooperation, to Mrs. Iren Vallario, my secretary, Tibor Baksy, Miss Elizabeth Nagy, Mrs. Elizabeth Pota, Mrs. Sarolta Pota and Miss Elizabeth Balazs, my office staff for their outstanding work in the Treasurer’s Department. I trust that my report upon examination will meet with your approval and accepatnce. Joseph S. Molnár
