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The Union has again completed a year with a loss slightly greater than that of the preceding year. Two years ago conditions improved so that there was again of $6,308.82 over the loss of 1914-15, but last year a loss of $8,910.78 was incurred. This year there has been an excess of expenditure over the income for the period from September 1, 1916 to August 9, 1917, amounting to $10,861.40, as compared with an excess of expenditure over the income amounting to $8,910.78 for the previous year ending August 31, 1916, or an increase in the net loss for the period now under review amounting to $1,950.62.
The accounts of E. H. Clark '96, treasurer, for the year ending August 9, 1917, are as follows:
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