gy

| page EIGHT — . _ SAANICH PENINSULA AND GULF ISLANDS REVIEW SIDNEY, Vancouver Island, B.C., Wednesday, February 28, 1951.

its

Airborne Mission

FE inancial

Statement for Twelve Months Ended December 31, 1950

STATEMENT “A” rere So | On SCHEDULE NO. 1.

BALANCE SHEET AS AT DECEMBER 3ist, 1950.) ts PAYMENTS ON PRINCIPAL AND INTEREST.
oO TO MATURITY Dat
CURRENT ASSETS ; CURRENT LIABILITIES | . ”
Cash in Bank. eeeecenes eee? 7: $ 6,868.94 Accounts Payable— » 4 sos BY-LAW NO. 2 DEBENTURES 1951-1970
a ugout. ‘ eanoe | Hand: airplane— Provincial Granis Receivable: North :Saanich Parent-Teachers’ Associa ion ........ $ 87 Payments on Interest
‘*gld. and new: methods of travel— Capital Expenditure Sait $2,328.24 Special Funds— PAR VALUE Principal Balance at 334%
stand. side by side in the heart Conveyance of Pupils 1,177.92 North Saanich Parent-Teachers’ Association cesesene 32.60 N 1, 1950 $183,000.00
“of .a. South -American jungle. Night School ou. sees seseceeeeseeeees 75.60. a, fy Due to Capital Funds— Onn 1951 , . $ 6,500.00 $176 ‘500.06 *$ 6,862.50  @&
.-Primitive Indian children’ stand . Capital Expenditure Recovery wo... $2,814.24 ; 1952 : 6,500.00. 170,000.00 6618.75 *
> jn--wonder -and amazement on the Other Receivables ..............ccseccssssecsscsssssceceeesssessecevassssnsceceee 19.70 : Less: : 1953 7'000.00 "163,000.00 : 6375.00
“ feet” of this strange “bird.” Use|~ — at | a ; | Capital Expenditures re: By-law. No, 2 2,428.05 a 1954 7,500.00 155,500.00 —- 6,112.50
of alreraft, radio and. reoeeerepby Revenue Surplus ; ar : 386.19 ; 1955 7,500.00 ; 148,000.00 ; 5,831.25
..:, by trained ‘missionary technicians —— ‘ ; 1956 8,000.00 . 140,000.00  .° 5,550.00
= gtonelen mission, elds forms | MM DAbember 2,190 latment "Bone anne poey tagefes see
“Institute's “newest. sound-color |. $ 10,470.40 a a 10,470.40 1959 1. ~ 8,500.00: 115,000.00. 4,631.25
. aie release, * To, Every Creature, 7. a . a ; . 1960 9,000.00 106,000.00 = 4,312.50 .
“8 morial’ Baptist church, "Saturday, | : oa Po, . CAPITAL F UNDS 3 oe : a Boe , 13e2 -9'300.00 _ 37/000.00 mt 3618-75
March: 3, ‘at 7:30- p.m. The: same Cash ‘in  Bank— a _ oo ; ; - Debentures— a Pn ne 1963 . 10,000.00 - 77,000.00 3,262.50 ;
idm ¢ will ‘be: shown ‘at the Sidney By-law No. 2—Savings - sessseressssesssesseereee PLTEB,S2ZT.9O By-law. No. 2-—1951-1970 (Schedule No. Dv eteeseresnoe $183,000.00: . ° 1964... 10,000.00 ~— 67,000.00 ‘2,887.50:
*:, Gospel “Hall: on Monday, March ; Current. setenseesensebsevesence ; 348.60 —  :. . Corporation of the District: of Saanich— re 7 1965 -° 10,500.00. © 56,500.00 . © 2,512.50:
5s at8 pm. : ——————_ $176,876.59 | - Balance of. Indebtedness assumed April 1, 1946, : 1966 © 10,500.00. < 46,000.00 2118.75
aa Offsetting. the. balance of: Indebtedness established on .- -  -. ' «in regard-to Incidental Charges by way of: Interest. - 7 * 4967 11,000.00 35,000.00 1:725.00
Decline in E _.the. books as at. April 1, 1946, in regard to School . and Principal Repayment.on School Debts of the ec “1968. - 11,000.00 24,000.00 1312.50.
ge. : Debts of the Corporation of the District of Saan- Se Municipality, in accordance with Section 59 (4) 1969 : ‘11,500.00 12,500.00 "900.00
-Recei ts Contin ich which.were assumed by Saanich School Dis- of the Public Schools Act: — .* 12°500.00 ,
P nues” _ ; . 31. 1970 900. | saseeseceeensans 468.75
“” Poultry ‘market: report’ a8 sup-|_ trict No..63 as at that date, in accordance. with High School Loan—-1931-1951 nner eA
"plied by the Dominion “Marketing Section 59 (4) of the Public Schools Act. — Amount Payments to ; $183,000.00 — $..eeccecceessee ~ $79,275.00
Baenice. Vancouver, ‘follows! eung ‘The -relative ‘schools, furniture, equipment, etc. —— - Assumed | Dec. 31, 1950 ee een ee “S

» to which these: loans ‘refer,. remain vested: in. the : so Sinking Fund Instalments $ 3,874.01 $ 3, 082. 44
- Corporation of* the District of Saanich. (Section : _ - Interest to “Maturity: ....:..... 6,089. 02. 5, 490. 10

59 (2) of the Public Schools’ ACE) 2. eeeeececeeneteneees 30,259.79 . School Loan—1945-1960 (Serials)

Offsetting — : oe : Principal oo... » 34, 017. 94 9,11 1.44
Interest to. Maturity—Debentures By-law No.. 2... * 29,275.00... -- Interest to Maturity .......: = 8,109.47 4,246.67 - ; ” oe _ wel

omg Assets Vested in. School : District No. | 63— rr . , us: a sezgo.t $21,930.65 we : : : :
Estimated’ valuation as’ at April 1,.1946): 3. io Beh So ($52,190.44 $21,980.65 °° me!
School: Sites #:..22.:: eee $ 4,250.00°. So i Beas od © a i nerearanecad —— 30,259.79. _ _ AUDITORS’ REPORT
“School: ‘Buildings. eee: : 1, 000. 00 . on gis Interest to Maturity— : coe EE ge as ot : aa
“Furniture ‘and ° MBauipient (less: sales * po Spores By-law No.2: ‘Debentures—Contra (Sched. No. DD 79,275.00 one February 19, 1951.

* ‘Egg: receipts. ‘continued to: show.
a decline: through ™ ‘registered. _sta-|
“tions « in’ Bic.) i
down, ° Z app mately, - five. per. ie
cent. With : this®steady loss in’
Jocally produce volume, : the: sup-
ly: situation is’ causing ‘consider. |:
‘able worry: among: operators. and;
hile:-this -'was.. relieved. - slightly

on — r
fo~) on a
_ i 4
x ;

hrough ‘the arrival of five carlots|:— ‘to: date) 9,810.00 : " Certificate of Indebtedness— : ne @
ae es we, i Le Gs : Th Board { School ‘Trustees, -
hese ‘prairie points : ay al JESS, Ua fc: aa Fees ae °° (Original amount. $5,000.00). ........0.....-- Al aecuesedineesetos ‘1,500.00 =. School st No. 63 (Saanich),
ie -CBES kt mov ere Mili ey hss wee : $89, 060. 06 : “: “" »-. Government of the Province of British Columbia. ers fo: Sidney, B.C. . 7
nto ‘Constimpt 101 bet annels ao . Less:  Hasovery. of- 22:85 % ©: Unspent a oo “1 2. “+ Lien. on’ @apital. Assets to‘ the ‘extent: of Grants ee BR , : Ss
thi siket, eee: cing vil co €.10).. oie Funds By-law No. 722). destevieattece . 2; 143. 14 Wh. eb at “. yeeeived.-and receivable from: “April 1, 1946. 000). * ‘We have examined’ the books and ‘records of the School District. we
nue for piaioby ortage will con= >: ee 86,016.26. os to December 31, 1950.:..2..--secccsssc-tleseseeceiessessciecs _ 85,771.82. No, 63 (Saanich) for the twelve’ months ended December 31,1950, -
inue for: ‘some: ime.” °, Loin! Cay ital “Expendit re: ‘out: of Revenue as” at Roe eT Bae Seen as Capital Surplus ‘as at: ‘December 3151949... “$125; 561. TE "and have prepared and submit: ‘herewith the following statements me
nod December; 231," ed Be Bes a i sdeeeeieees Secwivadae $s 43, 092.88 7 at men Plus: Reduction | in ‘Certificate “of In eS eo pee SS ee Sand supporting schedule: - . ee
2 a a n e 1;: 1 ig vie by : os se : bo ws se bee ee
“east may ‘cause |. niended December 8 ae 8165.76 oe pig ietedness i oe Bylaw : ~ $00.00 oe STATEMENT “Ar Balance ‘Sheet as: at December 31, 1950.
inarket o' strengthen, shortly: ns Sees 5 O° Dotyie es eg AEE ee! Whee :
ales are holding steady through Shae Bani interest on By: jaw fio. a “4 7.5 oar are ee STATEMENT.” B": “Statement of. Revertoe and Expenditure,

etail channels - and: < for: the. year,

Bees, ; 2 "8 Funds -
: : ; Capital “Expenditure” out .

“Revenue.

e Wag

my STATEM NT “or Statement of Receipts and, Disbursements 7
fe cae for: the year. 9

SCHEDULE No. Lb “Payments: ‘on. Pringipal and “Interest to
: Maturity: By “law: No. 25:

EXPEND URES ' f the District of: Saanich’ distributed,:. during
“the: period:under ‘ review, : ‘the unspent: funds -raised::under:: their
‘By-law :722:of 1944, -and.'the ‘School: District: No...63 | (Saanich). :
“received. their share, 22.85%; in ‘the. amount, of. $2,143.74; ; ‘School .
- Assets: were. reduced . -by this ‘amount;:.and! these’ fund
feet opinion; - are now: available: for Capital ‘Expenditures,

‘Estimated -*
*-1950- Budget®
. $: i, 822. 652 $::12.940.00:
148,832.89: .155,500.00.
27,189.36 <:27,000.00 :
0,600.00
1, 500, OO
i .o0, 5,800.00: 5.
9,808.33 -. 8,600.00: .:
8287.16 “12, 000. 00." ad

Anstruction
“Operation:
‘Maintenance

we “Also diring: ‘the ‘period under. review a “rebate. ‘was. eccived: of 6
“$670. 50:0n the West ‘Saanich. Site’ purchased * ‘in°1948.' Capital’. 0 0
Expenditures’ out. of Revenue: were ‘reduced.-by. this amount and:

: “these funds: are also. available for, Capital Expenditures. ; yo

2 Total: ‘Expenditure. for Period’ srssesse’ $224,356.56 $233,940.00 ° “Both. these amounts, totalling $2,814.24; have: been. deposited in’
st ow a the General. Fund: bank: account,.: but’ after: reducing this: amount}. 6° (°°
«Soy $2,428.05, the. sum’: borrowed: from: Current: Funds. on: By-law. S
Nov 2° expenditures, leaves a: balance of. ‘$386.19 owing ‘to: genial: -
“unds from Current Runds, as shown ‘in, the Balance Sheet.:. a

> oe Bank. balances . have ‘been. confirmed : to. us” ee the; Bank® of =
: Montreal, Sidney, ‘B.C. .

Debt. Services ..........
“Conveyance | of : Pup
” Capital. Expenditures...

- » 188,191:50,

~Non- Operating. Expenditures ESE
' om Text: ‘Book Rentals-—Uncollected: sta. 87
: Provincial Government: Grants’: :
« Receivable ‘as at“December 31,
* 1949—Not® Collectable *.......:...

Conveyance. ‘of “Pupils
h School

3

ae sees Library: - receipts — over’: ee ae

PENHETES vee ag | pees 8 * ecounts and Grants Receivable have! been: set up in: “ accor’ Bas

Seesursuervocengeersecrsesvenees one OM $ O° gga°. 6 2 oe amee® with information furnished us. by your Secretary-Treasurer. ee aS

Revenue, Surplus as at December a1, 195050 4 eo Your Seeretary-Treasurer has also ndvised.us that.all accounts, gf!
Per: Balance Sheet) oc. eee = 10,020.7 a ‘due and payable As - Po her 31, 1950, were included in the

ae es z _ r Bt records, and to: the-best of he ‘ :
. ‘Total events for Period: eeeenenensnuetins conan $234,044.80 $233,940.00 TO Soe $234,644.80 oo no outstanding accounts, -- renew enna. and, pellet, va
/ to . We have received all the information and ‘explanations we
Approved: P, E, THORP, Chairman; K..N, SPARKS, Sceretary-Treasurer, have required,
We have examined the books and records of School District No, 63 (Saanich) for the twelve months ended December Sub to th ;

Bi, 1950, and in our opinion, the above statement correctly shows the Revenue. and Expenditures for that period, ac- tt 4 -_ i ne foregoing, we report that, In our opinion, the
cording t to the i tntormavion and’ Gxprinnvioni: we have recei ved, and. as shown by. the boolks of. the School District. inci alance Sheet and - related - statements, are properly
. _ Signed) ISMAY, BOISTON, DUNN & CO., es _ drawn up so as to.exhtbit a.true and correct view of: the state of

‘Chartered Accountants. wed Gees affalrs.of School District No, 63 (Saanich). asat December 31,:1950;  .-
ae se Bee ed ee “ .. . “-necording to the best of our information’: and the. explanations:

ia Bisa tous, and: as shown by the hooks, and, records of, the School _

ae RECEIPTS | AND DISBURSEMENTS -
Fo or the Year Ending December 31, “1950 fee erst oo
ine Bote DISBURSEMENTS | 7 at ear
“Revenue: ‘Disbursements: a ar eee
Adminiatration® Ltepddevetbeaunenes $s 13, 042.1 18 peer
“TAOR8! Reeovertes wie TDD, Tees vi s
bo aes rctemimmnenonnen 42.98,
: “Instruction ce ak ome vies Aa, ABB AB
“LSet. Recavariow. Saris, OOS Ta

JSMAY, ROISTON, DUNN-& CO, nee
“Chartered “Accountants, eis mE
ries : a dave anes

a Accounts Rocoivablo-
. « Provinelal: GYANty, ven
Loses, Nat. ‘eallectublo i

ee

6, 10.58 ;
: VAQ 6G Oe
someisemmrenaaenl ae 1.050, 21

bavi 8TO.524 10. BRR Mee at
iycvobssigcandncnaginbietecs? (7,834,00" 7 ‘

“y4n, aan.a9
27/180,36:
10,885,62.

Rovenue Roceipii
TaxogeIM unitpid
a a

we Oporsiion: td
~* Maintenance

evi mnrennis $1a), 050.00... oe te Auadiary. Services . wis VG10.230 2
iui evemshdileediad 7,127. BO. ee Oe ee Dobt ‘Services cs.. ee VID IB
Tr wide Loe oS POON: Miah URL Mb gonvevance A) § ‘Pupil sigivsiiiaeerenn ed. of DWOR IIe co oe © : “ — 3
‘ GS. are! $18 Gigty ig te Sere SBS ee ome -Gopit Expondituros: pean = 0,708, i SEB pte gg ats Be “CHAIRMAN: be B : eae
Shinvevegeyvaseayequsiserecesir ebay oe lr fie ae ee sae, . . _ oS . : ‘
~ Gapliad rinpeniditwre vero TOTO 7 "Recoveries. $214.59 by R, SINKINSON - ae Oe YILBE RT
“Conveyance of Pupils. ropes Py 707,03 © OEE Ok : 2 Donations.«. 314.03 an : —_
NIBHE SEH} cmnvmcnae s  TBBRBO DOF ewe 28.00 Pa GL, CHATTERTON. Miss R, SIMPSON
So scprtmmtnmimnneee 40,970.04 LOT, a emtenenepememine WIBTAG .
commenters 2,560.44 wnntememeneesomae SO 57G.26 .N. MeNAUGIT AN S, S.. PENNY
Non-Revonue. Necelpts~-Recavery of Capital Expenditures Non-Novenue ‘Disbursomonts -
Refund of 22.86% unspent Capital Exponditures re: By-law No. 2 '$ 2,428,05
— an of Saanich : ; no Li nook Nentals Oar aoe} a 1,698.00 ,
. By-law No. ssvortoe h Ql SRT und shursomonts .... - $8.35 F eee
oS very a West Saanich i os me Tass Recovories ... .. © HAOT ae _ i School Officials
pee ae ae — ONO: 2.014. pe aE os = , sone wre. + ar ~ a Seeretary-Treasnrer MRS. Re Ne SPARKS
ot Tax 00. ontal-—Roce ma Vaiederrdeenens oF OTA co ee oe. TODA I setecesiee Gab TO BS  Vahag! poeta oS gy me
Senty, Necolpts os vo Hh AROS ct by ace Balance. iN, i December 3 TBO renee 6,965.04 - Achool Tnapector ae Af E, BROWN, .
bie Dleuuraed: A evelaibudeacees ON BBG QQ LES. i DL Ea ens 7 wis ek fg. Loge : Baa be be 7 pods
7 : TPR go “1a |

esd

Si metingm nn a eee : : a : - i ne Fae FG cS ‘AUDITORS » we
TOTAL RECEIPTS. ui stisttledavec ys phen: (ipypeiaiyene Soon pele 290,118.08 Ra LS Cc PO “Tey
Bank: Paice: Ap, nt. December ¢ a, ini: meatier a "9458.20 a nar a Oe 7 7 “TSM AY, ‘ROISTON,. DUNN & On ee
; “opens PRE LAE be al sf JE Ba ES iB legate Be Ram pre Oe ie ee Chartored Ace onntants, Victoria, B.C

sictmemmnmnamasse bermcnaainnss °° et — us nn “ wees eae . a cements buseatanbsvenmen set att

Approved PK, THORT. Chairmany: KN, SPANKS, ‘Seoretary-Troaguror, Ups Tae Soe eed a :

ce oy WO Nave examined. the books. and reconis of School District No. 63 Gaanic h) tor the s twelve inven (ia ended, December. Leyte aes
a, 80, pun our opinion, the above # fons Wwe have reeelven ve Leagan Meld oa for ete a Ne

Cory nk dosthe Inte maton and ax planations we have reealved, and ag shown by the books:af the Sehao etrie f

| -™ v © Slane ISMAY, HOISTON, DUNN. & CO,
aa : a md git ig EM eT a Chartered, Accountants. Fay fees

BANKERS.
Le BANICOR MONTREAL” we

can