Financial Report of the S. D. A. Publishing Association.
By James White
It will be seen by the financial report of the S. D. A. Publishing Association, on another page, that the increase given for the last year is $14,180.90. This needs some explanation. The time has been eight months only, instead of a full year. Several things make the figures large for this short year. 1. This period of eight months covers the best business portion of the year, when bills for fuel and light have been small. Much daylight and the warm seasons are favorable to publishing. Nearly all the profits of the whole year are realized during the eight months, from March to November. 2. More than a usual amount of bound volumes have been completed during the last eight months. These were taken into the inventory, and helped very much in swelling the figures. 3. The inventory taken eight months since, in our absence, did not embrace all the profits of the Association, it being supposed that certain things belonged to the president, which were the property of the Association. The assets of last year were given nearly $5,000 too small. This amount added to last year's assets, and the increase for the last short year would be some less than $10,000. We have frequently stated that, properly managed, the Association would earn, above all expenses, $1,000 a month. This statement we made on an especial occasion in California some less than a year since. The figures last year seemed too small, while those of this year seem as much too large. But, taking both years into the account, the facts and figures fully justify the statement. JAMES WHITE, Pres. S. D. A. P. A.