Aneffort tomake theForelgn Young Mon's Christian Association better known in Shanghai was urged at the annal general meeting on Tuesday, ar. 24, Good progress in all its activi-fies, even though there was a decrease fa income during the past year, was the essence of the reports submitted Mr. ¢, S. Franklin, President of the Board of Trustees, was in the chair.
Mir. Franklin said that the past year, being one of depression, every Zconomy had been effected, but he believed they now had turned the corner. Statistics bore out the feeling. Of the Board of Trustees that the institution was more needed by a community in times of depression tan at other times and he was glad the Foreign YMCA. was so amply justifying its existence, He pald a tribute to the work of Mr. George Fitch, who, he reminded his listeners, vas to be succeeded soon by Mr, C.
Petitt, 40; receipts budgeted from membership fees and activities $78,740, not including an amount of $10,000 budge eled for contributions, The receipts for business and plant operation were! expected to pay for the cost of operating the entire plant, interest on mortgage debt, and reduction of the debt at the rate of $10.000 per month. Sums spent on improvements—$16,400 spent in 1933, $37,000 im 1934, and $44,000 in 1995—were expected to be: fully justified.
Reports submitted by the other committees—Dr. J, C, MeCracken on Finanolat Report The total income as compared with that of 109 showed a decrease of $1248, said Mr. C. M. "Wentworth, Honorary Treasurer, "Losses _were chiefly due to three items. Member-Ship dues showed a decrease of $11,000.40; rentals a decrease of $81,707.02; and services a decrease of $23'32387, The total operating income showed @ drop of $72,748.05.
To make up for this large loss, economies had been stringently practised, and wage cuts bowed 9 Saving of $35,000. Other reductions included replacements and repairs, $9,005; rales, $2,990, Now they were operatijig on a balanced budget and, it the® residence hall maintained its present degree of occupancy, which the understood was about 90 per cent. with 179 in residence, and there was 2 further increase in membership, then the reduction of their deflect should commence by yearly sums of not. Tess than $15,000 to, $20,000. Because of a certain obligation taken over by the Association in 1034, it been necessary to obtain a mort-Gage on the property amounting to some $00,000, which he hoped would be gradually reduced in the years to "N.C. Herald" Photo, ler-General Haynes Returning to Shanghat for the frst time in 36 years, Brigadier-General yynes arrived on Monday, Mar, 23, The lair time Was hero was shortly after the Boxer Rebellion. the Physical Department, Mr. N.
Text read from the printed page and cleaned; old type leaves the occasional error.