Pacific Press Financial Statement

Review and Herald Publishing Association · Takoma Park Station, Washington, D. C. · Feb 10, 1910

Pacific Press Financial Statement

The financial statement of the Pacific Press Publishing Association, as presented by the manager at the meeting of the association on January 24, presents some very interesting items. For instance, the interest-bearing debt of the institution has been reduced, within the past year, over $14,000, and other accounts $6,674, making a total debt reduction of more than $21,000. The interest-bearing debt has been reduced more than $75,000 during the last nine years. The institution has donated to missionary enterprises during the year $1,333.09. The Signs of the Times, weekly, has increased in circulation during the year from less than 15,000 copies to 25,000 copies. The total volume of business for the year amounted to $370,789.43, a gain of more than $21,000 over the previous year. From the year 1902 to 1909 inclusive there has been a steady and very strong gain in the sales of the institution. In 1902 the sales were $76,322; in 1903, $95,429; in 1904, $97,197; in 1905, $103,055; in 1906, $148,464; in 1907, $198,127; in 1908, $256,247; in 1909, $271,524. These figures do not include the value of the periodicals published by the institution during those years. Such a growth certainly speaks well for the institution, especially in view of the fact that during the later years it has been wholly given up to the publication and circulation of literature dealing with the various phases of the third angel's message. May God's blessing be with the Pacific Press during the present year.