William Penn, 1963 (46. évfolyam, 5-23. szám)

1963-09-18 / 18. szám

September 18, 1963 PAGE 5 William Penn (Continued From Page 4) GENERAL OPERATING EXPENSES (Including Field Expenses and Investment Expenses) v Total 4-Year Period Rent 1959 $ 23,000.00 1960 $ 24,000.00 1961 $ 24,000.00 1962 $ 23,400.00 1959-1962 $ 94,400.00 Salaries and Wages 250,394.11 268,528.50 261,951.37 267,299.59 1,048,173.57 Benefit Plans for Employees 27,000.00 27,478.08 26,400.25 27,734.32 108,612.65 District Office Expense 70,493.51 64,713.04 60,402.62 64,922.56 260,531.73 Legal Fees and Expenses 3,590.00 4,675.85 4,500.00 4,500.00 17,265.85 Medical Examination Fees 12,265.92 13,150.50 12,493..10 12,483.00 50,392.52 Inspection Report Fees 4,508.32 3,851.00 3,753.89 3,919.86 16,033.07 Management Consultant Survey Expense 7,624.50 3,007.86 —0— —0— 10,632.36 Expense of Investigation and Settlement of Certificate Claims 465.92 303.75 —0— 27.60 797.27 Traveling Expenses 53,608.14 30,277.38 29,373.75 12,353.72 125,612.99 Advertising 8,291.17 12,947.78 5,337.27 3,135.86 29,712.08 Postage, Express, Telegraph and Telephone 17.624.07 13,988.45 13,079.46 13,769.63 58,461.61 Printing and Stationery 26,898.49 22,824.14 17,563.49 19,817.94 87,104.06 Cost or Depreciation of Furniture & Equipment 6,665.03 1,735.16 8,046.22 8,791.81 25,238.22 Rental of Equipment 3,155.20 4,429.62 4,429.28 7,491.03 19,505.13 Books and Periodicals 1,067.07 1,522.87 728.00 807.69 4,125.63 Bureau and Association Dues 3,931.02 3,692.74 4,335.33 3,985.60 15,944.69 Insurance, Except on Real Estate 8,734.98 8,145.29 5,843.36 3,849.27 26,572.90 Miscellaneous Losses —0— 316.25 (1.65) —0— 314.60 New Building Account (30,010.65) —0— —0— —0— (30,010.65) Sundry General Expenses 5,618.79 1,246.39 1,588.09 1,166.52 9,619.79 Actuarial, Auditing and Statistical Service Fees 9,445.35 7,012.20 6,541.87 9,977.82 32,977.24 Field Promotion Expenses 6,314.90 1,317.65 1,203.48 2,875.38 11,711.41 Field Expense Allowance 17,608.58 10,249.57 6,873.79 6,502.52 41,234.46 Fieldworkers’ Balance Charged Off —0— —0— 6,667.12 18,936.59 25,603.71 Field Conferences other than Local Meetings 1,374.92 4,993.08 456.32 589.37 7,413.69 Official Publication 25,110.85 20,326.87 20,212.38 20,892.77 86,542.87 Expense of Supreme Lodge Meetings 35,793.61 35,000.00 35,000.00 35,000.00 140,793.61 Association Activities, Welfare and Donations 8,459.34 6,324.32 6.215.27 7,330.18 28,329.11 Fraternal Activities 31,092.30 10,714.20 8,618.25 9,859.86 60,284.61 Office Machinery Maintenance 5,814.20 11,337.12 7,854.75 7,816.01 32,822.08 Real Estate Expenses 30,159.46 33,596.79 27,814.46 23,913.33 115,484.04 Investment Expenses not included elsewhere 5,143.52 9,992.40 9,852.92 10,416.31 35,405.15 Total on Cash Basis $681,242.62 $661,698.85 $621,134.44 $633,566.14 $2,597,642.05 Net' Accrued Expenses (1,293.21) (6,781.22) 3,210.91 ei r (1,333.01) (6,196.53) Total on Accrued Basis $679,949.41 ~ $654,917.63 $624,345.35 . 632,233.13 $2,591,445.52 MORTALITY The following is a year by year comparison of the Mortality Ratio (Death Experience) for the four years under study: The mortality ratio took a 1959 1960 1961 1962 significant increase 52.75% 51.88% 60.00% 62.69% of 8.12% in 1961 over 196C > and in 1962 increased another 2.69%, to make a combined increase in the last two years of 10.81%. We must admit that 62.69% is fairly high for a society such as ours, and it will probably continue to increase due to aging membership. This one fact alone makes it imperative that we try to write much more new business to offset the aging of the surviving members and to replace the premiums lost by termination due to death. INTEREST EARNINGS The net interest earnings, based upon the formula of the National Association of Insurance Commissioners, for the past four years were as follows: 1959 3.38% 1960 3.42% 1961 3.61% 1962 3.68% Net Investment Income after deduction of investment expenses amounted to $1,056,632.01 in 1962, $1,013,- 433.69 in 1961, $936,797.98 in 1960 and $902,345.89 in 1959. Interest earnings exceeded interest requirements in each year. PAID-UP AT AGE 80 (Point #91 of the September, 1959 XXIV Regular Convention) RESOLUTION “RESOLVED that, there should be transferred to the William Penn Fund, a sufficient amount, from the profits on the sale of securities, after the closing of the Annual Statement for the year 1959, and that, from this Fund, commencing January 1, 1961, the dues should be waived of those members who are 80 years of age or older and who have paid their dues for 40 consecutive years, so long as this Fund makes this possible on an unguaranteed basis, provided that the Pennsylvania Insur­ance Department approves same, and IT IS RESOLVED FURTHER that, if the Pennsylvania Insurance Department does hot approve this resolution, then the present custom of waiving dues, upon proper application, of those members who attain Age 85, will remain in effect.” This matter was referred to the Pennsylvania Insurance Department by the Board of Directors. A letter from Mr. Thomas R. Balaban, Deputy Insurance Commissioner in I960, was received and is hereby reprinted. (Continued On The Next Page) Branch High Lights (Continued from page 4) the day; you name it, there was too much work but somehow it all got done. Your branch president, John Vesz­prémi, and Ladies’ Auxiliary presi­dent Margaret Veszprémi, the branch officers and branch members did such a good job all through the early preparations to the final home­coming, that it will be a long time before we ever forget this very suc­cessful outing. Thanks to everyone who worked, who attended, and we hope to please you at some future time. Your delegates will have returned from the William Penn Convention by the time this article is printed and will have their reports ready for the October branch meeting. LADIES’ AUXILIARY COOK­BOOKS will be available for a short while yet! Get your copy before it is too late. Contact Auxiliary president Mrs. John Veszprémi,. 2415 Stair, Detroit 9, Mich, or call VInewood 1-7815 for your copies. Cost $1.55 per copy via mail, or $1.25 if you yourself pick up copy at the dis­trict office in person. Checks made payable to: LADIES’ AUXILIARY COOK BOOK FUND — BRANCH 18. HERE ARE THE COMMITTEES AND NAMES: Harvest Picnic and Rákóczi Day Com­mittee Members and Helpers — John Veszprémi, Margaret Vesz­prémi, Martin Marton, Rose Marton, George Marton, Elvira László, Géza Madarasz, Helen Madarasz, Jolán Lucas, Louis Lucas, Lola Koroknay, Steve Lorenz, Stephen Danko, Sr., Julia Danko, Stephen Danko, Jr., Gaspar Papp, Lidia Papp, Stephen Csabi, Joseph Demeter, Mary Farkas, Mary Feher, Joseph Gross, June Gross, Joseph Heck, Robert Herman, Margaret Ivan, Mrs. István Josza, Priscilla Kondor, Irene Mazag, Ber­talan Mazug, Mary Molnár, Susan Nellinger, Barbara Piszker, Eliza­beth Rigo, Martin Rigo, Elizabeth Sampson, Anna Somogyvary, May Stevens, Richard Stevens, Rose Tep­­fenhart, Mary Tirpák, Mike Totsky, Anna Trellay, Steve Vargo, Cecelia Veszprémi, Mrs. Bela Kanyo, Mrs. Hell, Mrs. Louis Simonffy. Out-Of-Town Dignitaries and Branch Officers — Julius Macker, President of Wil­liam Penn Fraternal Ass’n., and wife. Albert J. Stelkovics, Secretary of William Penn Ass’n. Frank Magyary, Director from Akron, Ohio, and wife. Dr. Andrew Kovács, Director from Cleveland, Ohio. Nicholas Juhasz, President, Branch 14 of Cleveland, Ohio. Joseph Semetko, Vice President, Branch 14„ Cleveland, Ohio. Edward Torda, Vice President, Branch 14, Cleveland, Ohio. Steven J. Ivancso, Division Manager, Toledo, Ohio, and wife. Steven J. Ivancso, Sr., Branch 27, Toledo, Ohio. George Varga, Branch Manager, Branch 214, Flint, Michigan, and wife. Stephen Vargo, Branch Manager, Branch 123, Kala­mazoo, Michigan, with wife and family. William Rosonski, Branch Manager, Branch 157, Monroe, Mi­chigan. Mrs. Mary Kolish (Gyira­­szin), Branch Manager, Branch 500, Detroit, Michigan. Joseph Boldizsár, President, Branch 500’ Detroit, Mi­chigan, and wife. Andrew Vince, Dis­trict Manager, Branch 56, Detroit, Michigan, and wife. John Horcsik, President, Branch 56, Detroit, Michi­gan, and wife. Director Stephen Danko, Detroit, Michigan, wife and family. Chairman of National Auditing Committee, Gaspar Papp and wife. Members in Program — John Veszprémi, Martin Marton, Karl Berkofer, Stephen Csabi, Lász­ló Gomori, Stephen Josza, Bertalan Mazug, Elizabeth Mazug, John Ne­meth, Michael Szerencse, László Vin­­cze. Margo and Erica Koroknay were the dancers dressed in Hungarian costumes. Prizes — Donated by — 1 Stole, Lola Koroknay and Mar­garet Ivan. 1 Summer Quilt, Martha Balosé. Crisp $5.00 bill, Sports Club, Branch 18. 1 Quilt, June Gross. 1 Tablecloth and 4 Napkins, Margaret Veszprémi. 1 Tablecloth, Cecelia (Continued on Page 8)

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