| OCR Text |
Show STATEMENT OF INCOME & EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 1939 Chinese Currency* TOTAL OPERATING EXPENDITURES 152,538.76 Net Income from Patients, after deducting Allowances for Free Patients.. .... 32,377.96 Excess of Operating Expenditures over Income from Patients $ 20,160.80 •NON-OPERATING INCOME Appropriation Grants from the Board S 14,052.91 Endowment Income - General Work .. 5,642.09 ,, ,, - School of Nursing 5,087.05 Contributions from Westerners 1,235.49 ,, ,, Relief Organizations 3,081 07 „ Chinese .. 289.30 Miscellaneous Income .. .. 273.62 29,661.53 EXCESS OF INCOME OVER EXPENDITURES General Hospital Work .. . . I 9,914.15 School of Nursing (Expenditures exceed Income) 413.42** s9,500.73 At the average rate of exchange for the vear (per our Mission Treasurer's exchange transactions) $ 1.00 U.S. currency amounted to $ 10.08 7hinese currencv. However, at the end of the vear the rate was about 1 to 16! Fortunatelv, during the vear we received the final dividend of $ 4.MJ.00 from the local bankrupt bank, bringing the total received on our losses up to 33 1/3% Deducting the above Excess of Expenditures from this amount, there was a slight credit' to the School of Nursing -Surplus account amounting to $ 36.58. - 26 - |
