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Report of the Trustees and of the Treasurer (28 December 1971)

Published online by Cambridge University Press:  01 December 2020

Kenneth W. Mildenberger
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Extract

THE MANAGING TRUSTEE, Mr. Gordon N. Ray, has asked me to present to you the Report of the Trustees on the status of the MLA endowment funds at the end of the 1970–71 fiscal year. At the close of that period (31 August 1971) the market value of our securities stood at $249,000, compared with $202,000 the year before. The Trustees have approved the actions of the United States Trust Company in the management of the funds.1

Type
Other
Information
PMLA , Volume 87 , Issue 3 , May 1972 , pp. 526 - 529
Copyright
Copyright © Modern Language Association of America, 1972

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References

1 Schedule of Bonds and Common Shares: Aluminum Company of America, American Hospital Supply Corp., American Telephone & Telegraph Co., Black & Decker Manufacturing Co., Federal Land Bank, Federal National Mortgage Assoc., General Telephone & Electronics Corp., International Bank for Reconstruction & Development, International Business Machines Corp., Johnson & Johnson, Liggett & Myers Tobacco Co., Montreal City Canada Public Works, National Steel Corp., Niagara Mohawk Power Corp., Polaroid Corp., Public Service Electric & Gas Co., SCOA Industries, Inc., Signal Companies, Inc., Southern California Edison, United States of America Treasury Bonds, Virginia Electric & Power Co., Xerox Corp.