REPORT OF ROTARY STUDENT LOaN FUND COMMITTEE
December 5, 1941.

Your committee of the Rotary Student Loan Fund composed of Caryl Dodds,
Lyle Gibbon, ‘Jalter Keeler, Ike J, lieade and Karl Klooz appointed by the
President of the Rotary Club to study the audit Report and bring back

to the Board of Directors some recommendation concerning the Rotary Student

Loan Fund, wishes to report as follows:

The one $1000.00 Republic of Chile 6% External Sinking Fund
Gold Bond, dated October 1, 1926, due April 1, 1960, being bond No.
li 37749, be retained by the Rotary Club since its current market value at
this time is approximately only 144¢ on the dollar, the Committee feeling
more can be realized in holding same instead of liquidating it,

The Committee also recommends that the $400,00 Douglas County
Building & Loan certificate #C 7217, dated January 1, 1937, the $18 ,00
interest collected and on hand on the above certificate, and $101.78 for
sale of U. S, Bonds of the amount of $153.91 mentioned in the Audit Report
covering sale of U. S. Bonds, a total of $519,78, be returned to the
General Fund of the Lawrence Rotary Club, as it appears that these are
funds that were invested from the general fund of the Club,

The Committee further recommends that the Balance Cash on Hand
in the Rotary Student Loan Fund $198.98, that $52,13 of the amount of
153.91 covering sale of U, S, Bonds and $129.89 interest on hand on the
Chile Bond, a total of 381,00 be turned over to the K, U. Student Loan
Fund, together with the outstanding loans amounting to $328.00.

All members of the committee were present for this meeting with
Keeler and the Chairman had an expression from

the exception of Walter Jd.
th the above recommendations.

him and his views are in harmony wi

Rotary Student Loan Fund Committee
Caryl J. Dodds
Lyle Gibbon
Walter J. Keeler
Ike J, hieace
Karl Klooz, Chairman