A.rt£P>l£S\'v BAPTIST FORBÌ c^'/V MfSSJOAf So&'LT i* American Baptist Foreign Mission Society I94° ONE-HUNDRED-TWENTY-SIXTH ANNUAL REPORT Presented by the Board o f Managers at the Annual Meeting held in Atlantic City, New Jersey, May 2 1—26, 1940 Foreign Mission Headquarters 152 Madison Avenue New York /Ç w âryor^ YALE DIVINITY SCHOOL Afy,£NEC, v , /«2& - / X 9 Printed by THE JUDSON PRESS 1701-1703 Chestnut Street Philadelphia, Pa. P r i n t e d i n U . S. A . CONTENTS PAGE OFFICERS, BOARD OF MANAGERS ......................................................... 5 GENERAL AGENT, STATE PROMOTION DIRECTORS 6 B Y - L A W S ............................................................................................................................... 7 -1 0 P R E F A C E ............................................................................................................................... 11 GENERAL REVIEW OF THE YEAR ............................................................ 15-61 T h e W orld a t W a r .................................................................................................. 1 5 ,1 6 E f f e c t s of W a r o n W o r k o f B o a r d ............................................................. 16 A t t it u d e s T o w a r d W a r ........................................................................................ 1 6 ,1 7 T h e E u r o p e a n W a r a n d S e l f -G o v e r n m e n t i n I n d i a .................... 1 7 ,1 8 T h e S i n o -J a p a n e s e C o n f l i c t ............................................................................ 1 8 ,1 9 T h e C h i n a M i s s i o n s ............................................................................................... 1 9 ,2 0 T h e A ss o c ia t e d B o ard s for C h r i s t i a n C olleg es i n C h i n a 2 0 ,2 1 R e l ie f P r o je c t s ......................................................................................................... 2 1 ,2 2 R e s u l t s of t h e M a d r a s C o n f e r e n c e ........................................................... 2 2 ,2 3 F o r e ig n M is s io n s C o n f e r e n c e of N o r t h A m e r i c a .............................. 2 3 -2 5 C o u n c i l o n C h r i s t i a n E d u c a t io n ............................................................... 2 5 ,2 6 C o u n c i l o n F i n a n c e a n d P r o m o t io n ........................................................... 2 6 ,2 7 T h e C onvocations .................................................................................................... 27 S e m i n a r s f o r T h e o l o g ic a l S t u d e n t s ........................................................... 27, 28 T r a g ic S t a f f S i t u a t io n o n t h e F o r e ig n F ie l d ..................................... 28, 29 E m is s a r ie s of L i f e .................................................................................................... 29, 30 B u d g e t to r t h e C u r r e n t Y e a r ......................................................................... 30 B u d g et A u t h o r iz e d for 1 9 4 0 -1 94 1 .................................................................. 3 0 -3 2 F u r t h e r A p p e a l to F i n a n c e C o m m it t e e o f t h e N o r t h e r n B a p t is t C o n v e n t io n ...................................................................................... 32 ' rj F i n a n c i a l R e v ie w of t h e Y e a r ...................................................................... 3 2 ,3 3 , B o a r d of M a n a g e r s ................................................................................................... 3 3 ,3 4 O C h a n g e s i n A dministrative R esponsibility ......................................... 34 i Literature and Publicity .............................................. 3 4 ,3 5 ~ J ~ Reports from the M issions ................................................................................ 3 5 -5 3 B u r m a ..................................................................................................................... 3 5 -3 7 f ; A s s a m ....................................................................................................................... 3 7 -3 9 v- S o u t h I n d ia ........................................................................................................... 3 9 ,4 0 ~ B e n g a l -O r i s s a .................................................................................................... 4 0 -4 2 ’ vO S o u t h C h i n a ...................................................................................................... 4 2 ,4 3 E a s t C h i n a ......................................................................................................... 4 3 -4 6 ' ■ y - West China ......................................................................................................... 4 6 ,4 7 J a p a n ........................................................................................................................ 4 7 ,4 8 B e l g ia n C o n g o .................................................................................................. 4 9 ,5 0 <3 Philippine Islands .......................................................................................... 5 0 -5 2 Q E u r o p e ....................................................................................................................... 52, 53 Deputation Service 6f M issionaries ................................................. 53 E n d o f L if e ’ s J o u r n e y .................................................................................... 5 3 -5 8 3 4 AMERICAN BAPTIST FOREIGN MISSION SOCIETY PAGE H o m e s for M issionaries ................................. 59 F iv e M a j o r P r o b l e m s F a c in g t h e B o a r d ................................................. 60 B y F orce or b y L o v e ................................................................................................. 61 FINANCIAL REVIEW OF THE YEAR ..................................................... 6 5 -7 8 O u t c o m e o f t h e Y e a r ............................................................................................ 65 S u m m a r y of I n c o m e a n d B u dget A ppropriations ............................. 65 R ec e ip t s ............................................................................................................................ 65 I n c o m e f r o m S o u r c e s O u t s id e D o n a t i o n s ..................................... 6 5 ,6 6 D o n a t io n s —G if t s f r o m C h u r c h e s a n d I n d iv id u a l s 6 6 ,6 7 B u dget A ppropriations ....................................................................................... 6 7 -6 9 H o m e E xpenditures ............................................................................................... 69 S p e c if ic B u dget ........................................................................................................ 69 I n v e s t m e n t o f P e r m a n e n t F u n d s ............................................................... 7 0 -7 2 R e a l E s t a t e a n d M o r t g a g e s .............................................................................. 73, 74 C h a n g e s i n P e r m a n e n t F u n d s ....................................................................... 74 R e se r v e for S p e c ia l G if t A g r e e m e n t s w i t h L if e A n n u i t y R e t u r n .................................................................................................................. 7 5 -7 7 B a n k B o r r o w in g s a n d t h e F iv e -Y e a r P r o g r a m ................................ 77 R e c e ip t s f r o m L e g a c ie s .......................................................................................... 77, 78 M a t u r e d S p e c ia l G if t A g r e e m e n t s ............................................................. 78 REPORT OF THE TREASURER ........................................................................79-121 A u d it o r s ’ R epo rt ...................................................................................................... 80 D e f ic ie n c y of I n c o m e A c c o u n t ...................................................................... 81 S u m m a r y of I n c o m e a n d B u d g et A ppropriations C u r r e n t B u d g et .................................................................................................................... 8 2 ,8 3 B a l a n c e S h e e t ........................................................................................................... 8 4 ,8 5 S u m m a r y of F o reig n F ie l d s A ppropriations ....................................... 86 D e t a il s o f H o m e E xpenditures ...................................................................... 8 7 -8 9 S u m m a r y of B o o k a n d M a r k e t V a l u e s ................................................. 90 G e n e r a l S u m m a r y of I n v e s t m e n t s o f P e r m a n e n t F u n d s 91 I n v e s t m e n t s o f P e r m a n e n t F u n d s U nrestricted a s to I n ­ v e s t m e n t ................................................................................................................ 9 2 -9 4 I n v e s t m e n t s of P e r m a n e n t F u n d s R e s tr ic te d a s t o I n v e s t ­ m e n t .........................................................................................................................