in 
     
    
   
   
    
     O 
     
    
   
   
    
     ‘/ 
     
    
   
   
    
     Tb The Trustees: 
     
     . Wesleyan Methodist School of Charlottetown. 
     
    
   
   
    
     O 
     
    
   
   
    
     I beg to submit Financial Statement for the 
     
     .yeer ending June 50th, 1947. 
     
    
   
   
    
       
     
    
   
   
    
     June 30th, 1946. Balance at Credit Royal Bank 
     
     Saving Account No. 2534 $ 1689.79 
     
     Receirts for the year Tuition 754.75 
     
     - Receipts from interest for veer _1214.15 
     
     t 3658.60 
     
     Disbursements. 
     
     Salaries & Bonuses 3 1074.75 
     
     Supplies Kindergarten 17.93 
     
     Advertising 2.11 
     
     Rent 500.00 
     
     Deposit PEI Govt. Receipt 
     
     Nb. 7595 1000.00 
     
     Incidentals: 
     
     Telephone (2 years) 84.00 
     
     Repairs to Piano 55.00 
     
     Light 30.00 
     
     Insurance $750. 00 8.25 
     
     Rental of Deposit Box 5.00 
     
     Stamps 1.38 
     
     Work in Studio (Storey) 12.00 2788.42 
     
    
   
   
    
     3 
     
    
   
   
    
     Balance at Credit in Royal Bank $ 870.27 
     
    
   
   
    
     The only change in securities held is the $1 ,000. 00 shown 
     
     above placed on deposit with the P.E. I. Government. 
     
    
   
   
    
     I beg to point out that the bonus to Kindergarten Teacher 
     
     of $30. 00 per month, was paid for but nine months, because 
     
     of the delay in Opening in the Fall of 1946. 
     
    
   
   
    
     R.E. Mutch Treasurer.