A. B. Andrews, Raleigh, N. C.; F. X. Burton, Danville, Va.; John S. Cunningham, Cunningham, N. C.; W. W. Finley, Washington, D. C.; C. W. Johnston, Charlotte, N. C.; J. M. Neal, Danville, Va.; J. I. Pritchett, Danville, Va.; S. Spencer, New York, N. Y.; E. H. Lee, Raleigh, N. C. Expi ration of term, December 3, 1903, or until their successors shall be elected.

Surplus from operations of year ending June 30, 1903

Surplus on June 30, 1903 [for entry on "General Balance Sheet"]

$14,965,231.48

612,841.19

857.81

20.947.39

45,716.67

$ 135,698.41

135.698.41

135,698.41

135.698.41

135,698.41