Fraternity-Testvériség, 1968 (46. évfolyam, 1-12. szám)

1968-06-01 / 6. szám

ent and the future. We can really know our present situation only if we know exactly where we stand now, what are the tasks to be achieved.

The Supreme Officers and the Supreme Council has prepared important plans for this Convention. The Convention has to decide on them. How the Convention will work and decide, it will he of historical importance in the life and future of our Federation.

If there was a time, when the life-motto of our Federation taken from the Bible had a real meaning, it is definitely now, in 1968. It is in the spirit of this great Biblical passage that we invoke God’s blessing upon our Federation and especially on the work of this 28th Convention:

“If God be with us, who can be against us?”

Greeting of the National Fraternal Congress of America

To the Officers, Directors and Delegates

of the Hungarian Reformed Federation of America

in Convention Assembled:

As a valued member of the National Fraternal Congress of America, you are an integral part of an association which represents over ninety per cent of the membership of the entire Fraternal Benefit System. By your membership you have given evidence of your interest in the welfare of the field in which you are engaged. In addition to this, however, your contribution has done much to help attain the respected postion it presently occupies.

On behalf of your fellow fraternalists, may I extend to your coming meeting greetings and the fervent hope that it will lie enjoyable and profitable; that your members will return to their homes with a renewed spirit of fraternity and a new dedication to the splendid society of which they are members.

Having fulfilled my duty on behalf of the National Fraternal Congress of America, may I add my personal note of greeting. Please be assured that if there is ever anything that we, in the Headquarters Office, can do to assist you, you have hut to call upon us for our best efforts.

Cordially and fraternally yours,

FOSTER F. FARRELL Secretary-Treasurer

TREASURER’S REPORT to the 28th Convention of The Hungarian Ref. Federation of America for 1964-1965-1966-1967

(Excerpts)

Mr. President,

Members of the Supreme Council,

Fellow Officers,

Delegates to the Convention:

It gives me pleasure to present my report for the years 1964 through 1967 to the members of the 28th Convention of The Hungarian Reformed Federation of America. In the four years since the last Convention, a number of outstanding events occurred: in 1964 we applied for a license to operate in Canada and purchased our first ten thousand dollar Canadian bond; in 1965 we opened our new field in Canada; in 1966 we celebrated the 70th Anniversary of our Federation; and in 1967 the 60th Anniversary of our Charter, signed by Theodore Roosevelt, President of the United States.

The By-Laws of the Federation define the duties of the Treasurer pertaining to reports: ‘ He shall make a report of the annual transactions and the condition of the Treasury to the meetings of the Supreme Council and shall present a full report to the Convention covering the four-year period.” I have made my annual reports to the Supreme Council and make my report to the Convention in the following pages:

I. CHECK ACCOUNTS—The Federation continues to have checking accounts in The National Bank of Washington, and opened two accounts May 7, 1965 in The Bank of Nova Scotia, Toronto, Ontario, Canada.

In our official publication, “Fraternity”, together with the Controller, we publish a monthly statement of income and disbursements. Each month the Income from Branches report is also listed in the publication.

II. ALL SAVINGS ACCOUNTS have been closed.

IV. BONDS—The four year increase in bonds owned from December 31, 1963 to December 31, 1967 was $817,500.00 Par Value at a cost of $784,448.11 Total bonds owned December 31, 1967 was $7,330,250.00 Par Value at a cost $7,207,- 148.23.

V. ALL STOCK in Banks and Trust Companies was sold in 1965, as explained in the report.

VI. MORTGAGE LOANS during the four years increased $1,110,248.11 from $5,323,274.52 in 1963 to $6,433,- 522.63 in 1967. Of this $964,943.55 was in U.S. loans and $145,- 304.56 in Canadian loans.

Concerning the Federation's real estate I wish to make the following comments:

III. BETHLEHEM, PA.—The Federation purchased two lots adjacent to the building for $2,650.00 from Bethlehem Steel Company in 1964. These lots to be used for parking, increase the value of the property.

IV. CLEVELAND, OHIO—In 1965 the interior of the building was remodeled and the front porch, which was damaged by a car accient, was rebuilt.

V. HOME OFFICE-KOSSUTH BUILDING — Since February, 1966 the American Hungarian Federation occupies a ground floor office at a rental of $80.00 per month.

VIII. FLEMINGTON, N.J.—This Property, recieved through foreclosure of mortgage No. 156 September 20, 1962, was sold March 17, 1967 for $111,750.00 at a loss of $3,377.65.

VII. COLUMBUS, OHIO—A Branch Office was pur11