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The Report of the Trustees and of the Treasurer

Published online by Cambridge University Press:  02 December 2020

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Extract

Our managing Trustee, Mr. Frederick B. Adams, Jr., has asked me to present to you the Report of the Trustees. At the close of the fiscal year the market value of our securities stood at $264,668, against some $259,000 for the previous year. The income from the fund this year came to $5,335, as against $8,200 for 1964. Some of the discrepancy here is attributable to our reporting, this time, an eleven-month year. Our fiscal year now ends 31 August, giving us an extra month to be audited and to prepare for the annual meeting. The income from the securities is distributed, under the bylaws, over the three endowment funds. The Trustees have approved the actions of the United States Trust Company in the management of the funds.

Type
Research Article
Information
PMLA , Volume 81 , Issue 2 , May 1966 , pp. 37 - 44
Copyright
Copyright © Modern Language Association of America, 1966

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References

1 The Report of the Trustees and the Report of the Treasurer with the accompanying accountant's opinion and the financial statement audited by Haskins and Sells were accepted by the Association at its annual business meeting, held in Chicago, 27 December 1965.