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6. TORONTO MARINE HISTORICAL SOCIETY S t a tement - Se p t e m b e r Bank Balance INCOME: 1990 - 1991 M e m b e r s h i p s (368 @ $ 1 8 . 00) ............. (For eign - 2 @ $ 2 8 . 0 0 ) . . . . (9 @ $ 1 8 . 00)..... ................ (3 @ $ 2 5 . 00)...................... $ 6 , 6 2 4 . 00 56. 00 1 6 2 . 00 75 . 00 $ 6 , 9 1 7 . 00 4 9 4 . 14 3 2 7 . 00 8 1 4 . 00 $ 8 , 5 5 2 . 14 DISBURSEMENTS: "Scanner" - Pronto R e p r o d u c t i o n s - Minett P h o t o g r a p h i c ........ - Postage & S u p plies .......... $ 3 , 2 2 8 . 27 3 , 2 7 4 . 59 3 , 0 9 2 . 00 $ 9 , 5 9 4 . 86 3 2 1 . 00 6 7 6 . 40 1 0 0 . 00 5 3 7 . 24 50. 00 $ 1 1 , 279. 50 EXCESS of Income over D i s b u r s e m e n t s 1991 ................... ............................... $ ( 2 , 7 2 7 . 30) $ 3 , 9 2 7 . 63 as at 31st August, of Income and D i s b u r s e m e n t s 1, 1990 - Au g u s t 31, 1991 $ 6 , 6 5 4 . 99 1990 ............................... Pr epa id M e m b e r s h i p s Total M e m b e r s h i p s ........................ Bank Interest ........................................... U . S. Funds Premium, Back Issue Sales, e t c .......... Ma y Dinner M e e t i n g Tickets (37 @ 2 2 . 00) ............ "Scanner" Total Toronto H i s t o r i c a l Board (Museum) ...... Ship Inn (May Dinner) .................... Sp eak er' s Ex pe nses ........................ New Typew rit er, Equipment Rentals ...... In M e m o r i a m D o n a t i o n ...................... Bank Balance as at 31st August, ± t # E d i to r' s No tes to the F i n a n c i a l S t a t e m e n t : W i l l i a m R. Wilson, Treasurer. 3rd September, 1991. Even a ve ry q u i c k glance at the figures above will i n d icate to our readers that the To ro nt o Marine H i s t o r i c a l Soc i e t y ' s d i s b u r s e m e n t s far e x c ee de d income du ri ng the 1990-1991 season, and our bank balance was cut almost in half. The ef fec ts of i n f l a t i o n con t i n u e d to increase our expenses, and the de cr ea se in bank interest rates and the exchange on the U . S. Dollar also a d v e r s e l y a f f e c t e d our income. Of p a r t i c u l a r note was a large increase in postage cost, and also in the e xpe nse (Pronto Rep r o d u c t i o n s ) of printing "Scanner". Of course, the addition of the Goods & Se rvices Tax to these items as of 1st J a n u a r y p r o d uc ed a large part of the increase. Interestingly, the expense of p r i n t i n g our covers and ph ot o p a g e s (Minett Ph otographic) d e c r e a s e d by almost 11%. It is ob vio us that additional income is n e c e s s a r y to offset mounting expenses, and this is wh y your E x ecutive Co m m i t t e e had no choice but to put in place a m aj or in crease in m e m b e r s h i p fees for the 1 9 9 1-1992 season. We ex ten d sincer e thanks to Bill Wi l s o n acc ou nt s for yet an other year. for tending the Society's books and