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Report of the Trustees and of the Treasurer

Published online by Cambridge University Press:  02 December 2020

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 1968–69 fiscal year. At the close of that period (31 August 1969) the market value of our securities stood at $248,274, compared with $264,763 the year before. The Trustees have approved the actions of the United States Trust Company in the management of the funds.1

Type
Other
Copyright
Copyright © Modern Language Association of America, 1970

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References

Note 1 in page 540 Schedule of Bonds and Common Shares: Aluminum Company of America, American Telephone & Telegraph Co., Burroughs Corp., Capital Cities Broadcasting Corp., Federal Land Bank, Federal National Mortgage Assoc., Foxboro Co., General Telephone & Electronics Corp., International Bank for Reconstruction & Development, International Business Machines Corp., Liggett & Myers Tobacco Co., Montreal City Canada Public Works, National Steel Corp., Niagara Mohawk Power 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.