William Penn Life, 1973 (8. évfolyam, 1-4. szám)

1973-10-01 / 4. szám

AUDITING COMMITTEE'S REPORT REPORT OF THE NATIONAL AUDITING COMMITTEE The members of the National Audit­ing Committee met at the Home Office Monday, September 10, 1973, through Friday, September 14, 1973. Committee Members present were: László Kereszti, Chairman Emma L. Beganyi, Secretary Helen Nemeth Michael Kara Michael Hrabar Louis Fodor National President Elmer Charles wel­comed the Committee and invited them to take part in the opening exercises of the Board of Directors' Quarterly Meet­ing. On behalf of the Committee, Secre­tary Emma L üeganyii extended greet­ings to the National Officers, the Board Members, General Counsel and the Medical Director, and expressed their joy in seeing all in good health. The audit covered the Home Office operations from January 1, 1973 through June 30, 1973. As members of the Committee, we certify that the following were examined: All disbursements were thoroughly checked against the vouchers ana in­voices and ledgers. The bank deposits to Pittsburgh National Bank ana Western Pennsylva­nia National Bank were verified to the bank statements and the ledgers. All Pension Plan accounts, Payroll account, Sick Benefit and Dividend ac­counts were checked. The Mortgage Portfolio was examined. It was noted that some new loans are being granted. Investment accounts were thoroughly examined. The Committee went to the vault to check the new purchases of stocks and bonds as of January 1, 1973 to June 30, 1973. New purchases totaled $671,684.50. We commend the Invest­ment Committee on making good in­vestments. The Premium Income accounts were all examined. The Minutes of the March and June, 1973 Board Meetings, the Executive Committee Report and the President's Report were read so the Auditing Com­mittee be fully apprised of the Asso­ciations plans ana programs for future development. The Semi-Annual Financial State­ment was reviewed and is made a part of this report. On September 13, 1973 the Commit­tee paid their last respects to Illustrious Member George Mészáros, Branch 34, Pittsburgh, Pa. and extended their dee­pest sympathy to the bereaved family. Before the close of the Audit, the Committee members met with National President Elmer Charles, National Secretary Albert J. Stelkovics, National Treasurer Julius E. Somogyi and Medical Director, Dr. Samuel C. Go­­mory. They informed the Committee on the progress being made in the various endeavors, such as the Building Program, Home for the Elderly, Ameri­can Fund and also details of the Insur­ance Department Examination. Chairman Kereszti thanked the National Officers and all the Home Office Employees for their kind cooperation and consideration given them during their Audit. Our examination was made in accord­ance with generally accepted auditing standards and included such tests of accounting records and such other audi­ting procedures as we considered neces­­saiy. Respectfully submitted László Kereszti,Chairman Emma L. Beganyi, Secretary LEDGER ASSETS JUNE 30,1973 Bonds..............................$30,229,659.74 Stocks..................................1,005,025.65 Mortgages............................1,100,878.55 Real Estate ............................909,531.25 Policy Loans and Liens..........959,421.11 Cash and Bank Deposits........187,606.18 Other Assets ..........................365,281.33 Total Ledger Assets . . . .$34,757,403.81 Less: Liabilities.................-20,734.06 NET LEDGER AS­SETS...............................$34,736,669.75 FINANCIAL STATEMENT JUNE 30,1973 Ledger Assets - January 1, 1973 ...............................$34,465,769.43 Income Premium Income.........$1,301,571.33 Investment Income...........770,625.14 Miscellaneous Income.......102,796.90 Pension Plan Income ..........27.702.63 TOTAL IN­COME ..............................$2,202,696.00 Disbursements Claims...........................$1,119,447.21 Dividends ............................82,021.16 Miscellaneous......................43,625.62 Commissions and Fees.....211,842.78 General Operating Ex­penses ....................................447,078.00 Taxes, Licenses and Fees ...11,026.51 Pension Plan Payments.......16,754.40 TOTAL DISBURSE­MENTS ............................$1,931,795.68 NET LEDGER ASSETS -JUNE 30, 1973 ..............$34,736,669.75 ROBERT WEISER Fat, The Calorie And You Fat. There's a lot of it hanging around - in excess - on a lot of people in Pennsylvania. If you have a few pounds on you that you shouldn't have, you're not alone. There is only one way to lose those surplus pounds. “Miracle Diets” and sporadic exercise won't do the trick. Eating less and exercising more on a regular basis will. Regular exercise will help bum off a few calories. For example, if you walk a mile at a brisk pace every day, over the period of a year you will lose ten pounds— provided, of course, that you don't eat any more than usual. To really lose weight, however, there is only one exercise that has proven successful every time: saying no to large portions and second helpings. If you eat more calories than your body uses in a normal day, the extras are stored as fat. If you lead a moderately active life you probably need a daily calorie intake equal to 15 times your normal weight. In other words, if your normal weight is 150 pounds, you need 15 x 150, or 2,250 calories a day to maintain that weight. If you're like a lot of people though, your current weight is not your normal weight. One pound of fat equals approximate­ly 3,500 calories. So to lose a pound you must cut your caloric intake by that amount. To lose a pound a week, eat 500 fewer calories a day. To do this eat less of the really fattening foods and substitute some low calorie foods to help make up the difference in quantity. It's not the amount of food you eat that determines your weight gain— or loss, it's the amount of calories in that food. Don't try to lose all your excess weight all at once. Physicians advise that it's not wise to lose more than two pounds a week. Besides, the only way to insure those pounds stay off is not to change your diet drastically, but to make smaller changes on a permanent basis. Fad diets may help you take a few pounds off quickly, but they are usually so bizarre that you can't stay on them for the rest of your life. Unless you change your eating habits, those lost pounds will eventually find their ‘weigh” back. Man with hand on TV knob, to wife: “Helen, do you have any­thing to say before the baseball season starts?” — The Wooden Barrel, 3-70. 9

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