Chicago, Ill., September 28, 1907 Board of Trustees, National Education Association of the United States, We have audited the books and accounts of the National Educational Association of the United States, as kept by the Secretary, Irwin Shepard, and the Treasurer, J. N. Wilkinson, for the year 1906-7, and compared them with the relative vouchers, checks, and other instructions, and find the books to be correct. We annex, hereto, a copy of the Treasurer's Report for the year under review, which we have checked in detail, and we certify it to be correct and in accordance with the books. Yours respectfully, THE INTERNATIONAL AUDIT COMPANY BY JOHN MCLAREN, President. TWENTY-FIRST ANNUAL REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR JULY 1, 1906, TO JUNE 30, 1907 To the Board of Directors of the National Educational Association: LOS ANGELES, CAL., July 8, 1907 The Board of Trustees of the National Educational Association presents the following report of the Permanent Fund of the National Educational Association and its income for the year ending June 30, 1907: REPORT OF THE FUNDS OF THE NATIONAL EDUCATIONAL ASSOCIATION FROM JULY 1, 1906, TO JULY 1, 1907 The above and foregoing is a correct statement of the account of the funds of the National Educational Association from July 1, 1906, to July 1, 1907. as the same appears on the books of this bank. FIRST TRUST AND SAVINGS BANK OF CHICAGO, ILL. By Louis Boisot, Trust Officer. CERTIFICATE OF EXAMINER OF SECURITIES CHICAGO, ILL., June 17, 1907 I have this day examined the securities named in the foregoing statement made by Nicholas Murray Butler, chairman, James M. Greenwood, and Nathan C. Schaeffer, members of the Board of Trustees, and Louis Boisot, trust officer of the First Trust and Savings Bank of Chicago, and find all the bonds or securities in their possession. EDWIN G. COOLEY, Examiner. |