Fraternity-Testvériség, 1942 (20. évfolyam, 1-5. szám)

1942-05-01 / 5. szám

10

TESTVÉRISÉG

INTEREST INCOME FROM INVESTMENTS

(Excluding items 'belonging to general or expense funds) -Note.—The figures entered in items 81 to 88, inclusive, below, should relate to benefit funds only. The general or expense fund figures are to be excluded from these items. Por example: The interest, dividends and rents and investment expenses of general or expense funds are to be excluded from items 81 to 87, inclusive, below; and In calculating the percentage shown in items 86, 87 and 88 below, the assets of general or expense funds are to be excluded.

Interest, dividends and rents received during the year, per items 16 to 23, inclusive, page 2 of the annual statement (less item 45, page 3, and less $ — amortization and plus $ — accrual) .. $56,871.11 Add the excess of interest and rents due and accrued over Interest and rents paid in advance December 31 of current year determined as follows: Item 18, page 4, less tlhe sum of item 33B, page 4, item 12, ipage 5, and the interest

in item 10, page 5, of annual statement ............. 9,721.32

Total ........................................................................ $66,592.43

Deduct the excess of interest and rents due and accrued over interest and rents paid in advance December 31 of previous year determined as follows: Item 18, page 4, less the sum of item 33B, page 4, item 12, page 5, and the interest in item 10, page 5 of previous year's

annual statement ....................................................... 8,282.26

Interest earned during the year, item 83, less item 84, above (4.10 per cent of mean leadger assets less one-half of interest earned) .................$58,310.17

State of New York County of New York

ss.

Drank E. Gerry, being duly sworn, deposes and says that he is an actuary and an officer of Miles M. Dawson & Son, Inc., the actuaries who made the foregoing computation -and answers to the questions above set forth

f Investment expenses paid during the year $3,758.76, plus $ — unpaid December 31 of current year, less $ — unpaid December 31 of previous year, giving incurred investment expenses (averaging .26 per cent of mean ledger

assets) ............................................................................. 3,758.76

Net Interest (including rents) on Investments of benefit funds, item 85 less item 86, above (3.83 per cent of mean ledger assets less one-half

of net interest income from investmens) .............$54,551.41

Net rate of interest earned on benefit funds

during 1941 3.83%

1940 .................................................................... 3.75%

1939 .................................................................... 3.61%

1938 .................................................................... 3.55%

1937 .................................................................... 3.76%

Instructions for Calculating Expected Mortality on the Gross Amount of Risk.

(a) $195,221.00, qx_|_n times insurance in force Dec.

31 of previous year.

(b) 194,702.00, qx_|_n (times insurance in force Dec.

31 of current year.

(c) 4,465.00, qx_|_n times Death losses incurred during tlhe current year less reserve liens and interest thereon.

(d) $394,388.00, Sum of items (a), (b) and (c), above.

Divide item (d), by two to obtain;

(e) $197,194.00, Expected gross death losses during the

current year.

(f) The above calculations were made on basis of Am. Exp, and Stand. Ind. tables of mortality.

concerning the condition of Hungarian Reformed Federation of America as of December 31, 1941, and that the same are correct and true to the best of 'his information, knowledge and belief.

Subscribed and sworn to before me this 25th day of February, 1942. JOSEPH MICHAEL TORRISI Notary Public

(Signed) PRANK E. GERRY, Actuary. 500 Fifth Avenue New York, N. Y.

TÖRTÉNELMI ESEMÉNYEK SODRÁBAN

Az Amerikai Magyar Szövetség és Függetlenségi Mozgalom közleményei

PRESS RELEASE

In the course of the last few weeks publicity has been given to certain misleading statements about the Movement For Independent Hungary and its. objectives. The Executive Committee of the Movement, therefore, deems it necessary to clarify the points that have been raised.

1. The immediate aim of the Movement during the present war and its aspiration after victory will have been won were set forth in two fundamental documents released to the public:

(a) In Its Proclamation published in New York on September 27, 1941, we stated that the immediate aim of the Movement is to organize Hungarians throughout the world to fight against Hitler and for the constitution of a Hungary sovereign within, independent without.

(b) In its six-point program regarding the reconstruction of the Danubian area, adopted unanimously by the American Committee of the Movement for Independent Hungary at Pittsburgh on November 28, 1941, we stated clearly that we shall seek a stable and just peace through the friendly and voluntary cooperation of ail peoples in

that region; we also laid down as part of our platform the democratization of the domestic 'life and Institutions of Hungary.

2. The Movement For Independent Hungary accepted without reservation the letter and t'he spirit of the Atlantic Charter; it rejected unequivocally Hitler’s “New European Order” as well as any other imperialist conception which would in any way violate the principles set forth in the Atlantic Charter as the base of the future ■peace. Indeed, the six-point program regarding Danubian reconstruction was based on the principle of self-determinatioin of peoples upon which the Atlantic Charter itself rests. It is our firm belief that territorial questions which divide peoples in Southeastern Europe can be solved to the satisfaction of all interested parties only through the correct and equitable application of that principle.

Our Movement also accepted at Pittsburgh, without reservation, the fundamental precepts for the future peace announced by the President of the United States in his address to the American Nation on May 27, 1941, namely: “We will not accept a Hitler-dominated world.

And we will not accept a world, like the post-war