Congressional Serial Set Volume 5089 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 Excerpt: ... If payments are made for the purchase of real property, include on the appropriate line of inquiry par value of investments pur. Receipts from investments disposed of.--All transactions of sinking, investment, and public trust funds by which any of their investments are disposed or are to be reported after inquiries 4, 13, and 14 of Schedule G 23, and after the corresponding inquiries of Schedules G 24 and G 25. The same rule should be observed in reporting receipts on the two lines of these inquiries and after inquiry 2 of Division C, as is set forth at length with reference to payments for investments purchased given in the preceding paragraphs. Be careful to report separately after inquiry 2 of division C all receipts which represent exchanges of securities between funds for which the schedule is prepared and any other sinking, investment, or public trust fund. In all cases be sure that the aggregate investment assets given in Division A for the beginning of the year, plus those purchased, minus those disposed of, equals those on hand at the close of the year. Special care of this kind should be exercised in reporting sinking funds, as cities sometimes cancel a portion of the city securities in such fluids without the formal transfer of cash therefor. All securities thus canceled should be reported as "disposed of" on line "to city" after inquiry 13 of Schedule G 23, and those receipts balanced by a report of f' city securities canceled " on one of the blank lines of inquiry 9. Such receipts should not be included in Division C. They are loan transfers," but not " investment transfers.." In reporting the disposal of real property, either to the public or by exchange with another fund, enter the appraised value on ...