IV. In discussing the final distribution of the funds of the 1932-1933
season, now held by the Treasurer, Mr. Metzdorf, and on which the Executive
Committee of the old Joint Basketball Committee had taken action, Chairman
St. John pointed out that after conferring with Mr. Metzdorf, it was deemed
necessary to maintain a balance in order to carry on the work of the new Com-
mittee, since new funds would not be forthcoming for some time. The matter
was generally discussed from the floor and the following MOTION made, second-
ed and passed;

That the treasurer make a three-way division of the
funds in the treasury of the old organization; that
$700 be distributed at once to the three organizations,
the balance to be held by the treasurer of the Nation=-
al Basketball Committee until such time as new funds
are available, when this balance is to be distributed
pro rata to the N.C.A.A., the Y.M.C.A., and the A.A.U.
Carried.

V. With reference to the financial distribution - after payment of all
current expenses of the Rules Committee, the balance of receipts, after a
suitable reserve has been established, shall be divided as follews:

50% to the National Collegiate Athletic Association

25% to the National Federation of State High School Athletic
Associations

10% to the Young Men's Christian Association

10% to the Amateur Athletic Union

5% to the Canadian Intercollegiate Athletic Union

VI. Mr. Tower requested that all new members on the Committee send in
their photographs for inclusion in the guide this season.

VII. Several suggestions were offered regarding the name of the new Com=
mittee. The group finally indicated as its choice the = National Basketball
Committee of the United States and Canada.

VIII. ON MOTION - which was seconded and passed = it was voted to extend
the privilege of translating the rules into Spanish and any other language.
It is understood, however, that this statement shall appear on such copy =
Translated and Printed by permission of the National Basketball Committee of
the United States and Canada.

IX. On suggestion of Chairman St. John = Mr. H. H. Salmon, Jr., took charge
of the session dealing with revisions and modifications of the rnies. Mr.
Salmon, as chairman of the Rules Co-Ordination Committee, reperted on his Com=
mittee's recommendations for changes in the rules, and ON MOTION, the follow-
ing rules revisions or modifications or editorial action, as indicated, were
accepted.