The institute adopts deficit budget

THE abridged budget statement for the year beginning October 1, 1954, was approved at the last meeting of the Board of Directors, after long consideration and study by the Finance Committee. It reflects an expected deficit of $105,900 after full extension of all present Institute services to its members. In the face of continuing intent to broaden and extend these services to an expanding membership, it also emphasizes the serious need to bring our financial operations into balance.