1920 ACCOUNTS SHOW SURPLUS

In accordance with the provision in the constitution of the Junior Class that the Secretary-Treasurer render to the Class President twice each year the financial statement of the class, J. C. Bolton, president, has made public the report below.

It indicates that the class of 1920 is on a firm financial basis, in spite of the fact that there has been no campaign for funds since the Freshman year. At the time of the first Liberty Loan the class invested $1,000 from its treasury, in bonds, from which it has already obtained $17.50 in interest.

The report follows: RECEIPTS. Balance forward from 1916-17,  $437.15 Int. as per bank statement,  1.50 Return on loan to 1920 Red Book, March, 1918,  460.00 Check from S. S. Robinson,  15.00 Return on loan to 1920 Red Book, April, 1918,  38.50 Int. as per bank account,  1.57 Int. on Liberty Bond,  17.50 Total,  $971.22 EXPENDITURES. Student Council for Committee on Military Affairs,  $15.00 1917-18 Student Council,  10.00 Scholarship to member of Class of 1921,  400.00 Harvard Union,  76.40 Smokers,  114.81 Printing,  7.00 Total,  $623.21 Balance brought forward,  $348.01