The 1916 Red Book Committee is glad to make a financial report to the class that shows a profit rather than a loss. The balance is $465.90, of which $60 has already gone to clear the entire indebtedness of our Freshman year. Although all of the money for advertisements has not been collected as yet, the probabilities are that more than $300 will be sent to the Sophomore class treasury to start this year.

The report is as follows: RECEIPTS. Advertisements.  $820.00 Subscriptions at $1.00.  370.00 Sales at $1.50 less 20 per cent,  28.80 Total receipts,  $1218.80 EXPENDITURES. Printing, Caustic-Claflin Co.,  $500.00 Engraving,  170.50 Photography,  43.75 Typewriting,  15.15 Union Membership (Prize),  10.00 Posters,  3.50 Postage and Incidentals,  10.00 Total expenditures,  $752.90 Total Receipts,  $1218.80 Total Expenditures,  752.90 Balance,  $465.90

Respectfully submitted,   C. F. FARRINGTON, Chairman.