Mr. CE. Parsons' report as. Hon. weasurer stated—
"The amount received in subscrip-Lions and donations ts $1,703.72 less than the total for 1903, while pew ents show a decrease of $16782. 'The result has been caused doubt-teas by the effects of the depression from which Shanghai la suffering a present. On the other hand, how: fever, the number' of those "giving fubseriptions and. donations is Under 480." whereas the Cathedral " Parish Magazine goes out to ever 1.800 adult members of ovr Church. There is room, therefore, for a marked increate in the list of our subscribers. find even.n moderate addition those. who ave at present subscribers would tive. much needed "assistance {o our finances. The amount transfer: red from the Alms: Fund was $1232 tore than during 1993 "We vend the year with a debit balance of $8.725.46, as compared with @ credit of $1190 tin 1033, and Wwe expect that this will be reduced during the current year by a smaller expenditure under the Resding Susistant clergy. while we hope that further help will come from. our Church people in order to wipe out, "ruming 10 the Alms Fund. income from all sources (excluding Banke interest) shows an increase of)
$1032.71 "as compared with 1883 which Is very. satisfactory. considering the business depression existing throughout the year. It Is felt, howe ever, that the offerings at the Sunday ftervices tack system and considera {ion is being given to the question of adopting" the weekly free-will fering, which has had the effect of increasing. the incomes of clutches In other parts of the world. By this method members pledge, themselves to give each week a stated sum by mn envelope placed In the offertory Plate. Envelopes are supplied foch member ina sequence from 1 {o'82, each of the 2 marked with a distinguishing number known only to: the hon. treasurer. This method deste and systematl The adoption of the budget for 1035 was carried after Mr. S.C. Young hoid explained that the tneome guaranteed to April 7 was $11,76838, Since when they had "received been guaranteed 2 further $6474. They had not yet received replies from about 181" subscribers, "Whose contributions for 1994 amounted SE7004. The estimated expenditure for 1083 was $28-600, or $9543. less than in 1934.
'The following were clected:—'Trustee, Mr. W. S. King: Wardens of the vestry, Messrs. E. E Parsons, J.J. Dawe, FR. Lambe, Dr. H. Gozdon Thompson, LIK. Peters. and Flemong; was then formally nominat~ Trustees' Warden, Mr. W. S. King Dean's Warden, Mr. S.C. Young.
Text read from the printed page and cleaned; old type leaves the occasional error.