THE SALVATION ARMY.

Auckland Star, Volume LX, Issue 52, 2 March 1929, Page 20

THE SALVATION ARMY.

DETAILS IN BALANCE-SHEET. HEAVY CASH RESERVES. F.XTEXPJYE T-ROPERTY. The dif ussion which has taken plane recently over the leadership of the Salvation Army has resulted in attention being directed towards the finances of that organisation. Tn this connection figures contained in the latest balance-sheet available. namely for the rear ending September 30. 1027. arc of interest. Tn the last accounts the assets arc set I out, thus: — J

Payment of Officers. Concerning salaries of staff, the following official statement has been authorised: — "A Commissioner gets between £7 and £8 a week, and the use of a furnished house, which is an allowance made to «vnry officer. A lieut.-commissioner about £L a week less. A colonel f/ets £4 a week, plus a war bonus, bringing it usj to slightly under £5 a week. Th/:n come a lieiit.-colonel, brigadier, major and staff captain, proportionately graded. In the field rank the order is field major, adjutant, ensign captain, and lieutenant. A field captain gets £1 8/ a week, including 7/6 war bonus, and furnished quarters like tbe rest; and a field lieutenant gets £1 4/6 a week, including 7/ war bonus. In other countries the rates of pay approximate to these, having regard to the differences in the scale of living. "It is now recognised throughout the world that the officers of the Army, from top to bottom, work on a self-denying basis, and none receive more than what might be called a living wage. I should deprecate very much any movement to raise the salaries of the officers from tho present self-denying basis." •

Py freehold and lease- £ «. d. hold property in United Kingdom, nnd freehold property in f'aniid/i, Australia. and France, less reserve for depreciation 1,720,418 10 0 Invpstments of reserve funds 721,780 10 4 Shares in Salvation Army insurance, publishing nnd banking corporations 64,202 IS O Overseas loans 112,544 8 oj Sundry debtors 45,832 7 1 Cash at; bank and in transit 833 16 11 2.050,013 0 4i The chief liabilities are shown as follows:— £ s. d. To loans on mortgage . . 429.061 1!) 2 Loans for fixpd periods 90,538 14 5 i Reserve of funds 589,570 l-> 0 Legacy equalisation re. sprvp 23,104 8 4 Colonial and overseas territories fund 83,276 3 .» Sundry creditors 63,775 10 41 Rents'and interest. No. 2 nrcount 82,034 17 4J Self-denial and international funds 63,782 14 0J Japan relief fund 24,698 6 1 Clencral Booth's 70th , birthday fund 64,464 11 4 Salvation Army fund. donations nnd subscriptions, nnd gonoral Income and expendlture account 1.136,299 0 10 2,650,613 0 4J