Synodical Conference Convention Proceedings St. Louis, Missouri — 1954, Page 178

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178 Proceedings of the Forty-Third Convention,

to do this within the budget. We encourage the Board to provide
future increases in salaries, if and when necessary.

_._ We commend the Missionary Board for all the faithful and
diligent work it has performed in the extension of God’s kingdom
in the domestic field and on the Dark Continent.

Action by the convention: Adopted.

Report of the Treasurer of the Missionary Board
of the Synodical Conference
August 5, 1954

The treasurer of the Missionary Board herewith presents his
report covering the fiscal year July 1, 1953, to June 30, 1954.

Balance Sheet. The “Fund Accounting” system adopted three
years ago continues to serve us very well. The cash on hand for
each fund is shown on the Balance Sheet — Exhibit “A.” “Cash
Due Other Funds” indicates inadequate working capital in the
current fund.

African Mission Funds. The Seminary and Girls’ School
accounts show heavy deficits at this time because recent contribu-
tions toward these funds have been insufficient to cover operating
costs. Shortly after the St. Paul Convention in 1952, the Missionary
Board received a gift from an anonymous donor in the amount
of $20,000, designated for chapels and other educational buildings.
The International Walther League has set a goal in its program
of $10,000 for Nigeria, which will be used to provide a new admin-
istration building at the Normal School. The Missionary Board
is deeply grateful to these donors and wishes to thank all other
contributors for their generous gifts. The funds held for a short-
wave station cannot be used at present because of restrictions
imposed by the British Government, preventing the establishment
of such a station.

Hospital in Africa. During the past biennium our Lutheran
Hospital at Eket has been placed into nearly full operation. This
hospital was made possible through the generous gift of $70,000
from an anonymous donor, plus a $30,000 grant from the British
Government. In addition to the total cost of $100,000 for the
building the Missionary Board has supplied some $25,000 for equip-
ment in the form of beds, furniture, and medical instruments.
In recent months the Hospital Equipment Fund has grown to some
$6,000 from freewill contributions of various church organizations.
This money will eventually be used to supply two generators, an
X-ray machine, and other needed equipment.

Church Extension Fund — Domestic Missions. Since July 1,
1952, this fund has increased by some $86,000. Of this amount
$20,000 was contributed by the constituent Synods in the usual
manner through budget provisions. The remaining increases were
brought about in the following manner:

Missouri Synod for Kannapolis, N.C. _...... $20,000.00
Missouri Synod for Washington, D.C. :...- 20,000.00
Real Estate Sales Contracts with Congregations 23,000 00
Sundry Receipts and Interest Earned _ 3,000.00