USA > Massachusetts > Norfolk County > Weymouth > Town annual report of Weymouth 1940 > Part 24
Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26
M. Veh. Excise Taxes 5,794.47
Moth Assessments 294.77
Tax Title Revenue.
35,067.55
Moth, 1939
26.40
Moth, 1940
268.37
294.77
Departmental Accounts
62,779.76
Water Department:
Rents
31,250.39
Construction
1,792.86
33,043.25
Water Liens
4,652.06
Tax Titles
35,067.55
Tax Possessions
7,037.16
849.18
Appropriation Overdrafts :
Overlay - 1939
2,282.84
Water
181,604.29
$581,991.31
Tax Possessions - Revenue 7,037.16
Sale of- Real Estate
4,060.28
1939 Accounts 425.97
1940 Accounts
3,352.09
Departmental
62,779.76
Water 33,043.25
141,631.86
Fire Insurance Tailings Account
4,435.01
Surplus Revenue : Town 114,283,37 67,320.92
$581,991.31
Water
Accounts Receivable :
Taxes-Levy 1939
21,539.87
7,904.84
Reserve Fund - Overlay Surplus Overlays Reserved for Abatements: Levy of 1940
10,190.60
Water Liens Revenue. 874.00
Water Liens on Taxes:
Special Assessments :
316
BALANCE SHEET
REAL AND PERSONAL PROPERTY ACCOUNT
Real Estate and Personal Property .$3,929,089.07
Land
.$ 386,675.00
1,964,025.00
Buildings Personal
1,578,389:07
$3,929.089.07
$3,929,089:07
DEBT ACCOUNTS
Net General Debt
$ 368,000.00
High School Addition Loan-1923
$ 36,000.00
New Town Infirmary Loan
6,000.00
Bicknell Schoolhouse Loan ..
20,000.00
Pratt Schoolhouse Addition Loan. 15,000.00
High School Addition Loan-1927
91,000.00
Hunt Schoolhouse Addition Loan
60,000.00
Pond Schoolhouse Loan
16,000.00
Bicknell Schoolhouse Addition Loan
60,000:00
Adams ยท Schoolhouse Loan. 14,000.00
Nevin Schoolhouse Addition Loan
50,000.00
$ 368,000.00
$ 368,000:00
WEYMOUTH CONTRIBUTORY RETIREMENT SYSTEM FUNDS: .
Annuity Savings Fund-Group I
$ 33,237.43
Annuity Savings Fund-Group II
12,066.96
Annuity Reserve Fund-Group I ..
1,025.85
Annuity Reserve Fund-Group II
90.59
Pension Accumulation Fund-Group I.
28,640.51
Pension Accumulation Fund-Group II 12,557.18
Expense Fund
118.54
Undistributed Earnings, etc.
844.24
$ 88,581.30
$ 88,581.30
317
Cash and Securities $ 88,581.30
-
318
TRUST AND INVESTMENT ACCOUNTS
Trust and Investment Funds: Cash and Securities .$ 625,887.83
Tufts Fund, Free Public Lectures $ 5,000.00
Tufts Fund, Free Public Lectures, Income .. ..
655.22
Tufts Fund, Reading Room 2,500.00
Tufts Fund, Books.
2,500.00
Tufts Fund, Sidewalk & Shade Trees
2,000.00
Tufts Fund, Sidewalk & Shade Trees, Income
40.91
Tufts Fund, Care Tufts Tomb
500.00
John C. Rhines Fund
10,000.00
John C. Rhines Fund, Income.
2,005.24
Elias S. Beals Park Fund.
1,000.00
Elias S. Beals Park Fund, Income
29.31
Laban Pratt Hospital Fund.
300,000.00
Laban Pratt Hospital Fund, Income
232,172.84
Laban Pratt Fountain Fund.
400.00
Laban Pratt Fountain Fund, Income.
451.22
Augustus J. Richards Library Fund
5,000.00
Joseph E. Trask Library Fund.
12,805.88
Susannah Hunt Stetson Library Fund
2,500.00
Tirrell Donation Library Fund
1,000.00
Francis Flint Forsythe Library Fund
1,000.00
Arthur E. Pratt Library Fund
3,000.00
Charles Henry Pratt Library Fund. 500.00
William H. Pratt, Library Fund
2,798.80
Alida M. Denton Library Fund 700.00
Weymouth Back River Bridge Fund.
3,000.00
Municipal Buildings Insurance Fund 34,263.51
Martha Hannah King Fund 64.90
$ 625,887.83
$ 625,887.83
DEBT STATEMENT - JANUARY 1, 1941
Assessors' Valuation for the year 1938
Less Abatements to December 31, 1940
$47,145,201.00 710,120.00
$46,435,081.00
Assessors' Valuation of Motor Vehicles for 1938
1,581,220.00
Less Abatements to December 31, 1940
110,715.00
1,470,505.00
$ 47,905,586.00
Assessors' Valuation for the year 1939
47,441,396.00
Less Abatements to December 31, 1940
706,670.00
46,734,726.00
Assessors' Valuation of Motor Vehicles for 1939
1,682,790.00
Less Abatements to December 31, 1940
95,620.00
1,587,170.00
48,321,896.00
Assessors' Valuation for the year 1940
49,186,047.00
Less Abatements to December 31, 1940
771,600.00
48,414,447.00
Assessors' Valuation of Motor Vehicles for 1940
1,975,750.00
Less Abatements to December 31, 1940
83,300.00
1,892,450.00
50,306,897.00
Gross net valuation for the last three years Average valuation
$146,534,379.00
48,844,793.00
3 per cent.
$ 1,465,343.79
Total debt of all kinds incurred and outstanding
657,000.00
Schoolhouses
362,000.00
6,000.00
Town Infirmary Water Bonds and Notes
89,000.00
Anticipation of Revenue Notes
200,000.00
657,000.00
319
Less debts outside the debt limit : Water Bonds, General Laws Water Notes, General Laws. Anticipation of Revenue Notes
64,000.00 25,000.00
200,000.00
289,000.00
Balance of debt within the debt limit.
368,000.00
BORROWING CAPACITY AS OF DECEMBER 31, 1940
.$ 1,097,343.79
EMERSON R. DIZER,
.
Town Accountant.
320
INCOME OF OFFICIALS DERIVED FROM THE TOWN FROM ALL SOURCES
Elected and appointed officials in the Town of Weymouth for 1940 with the income derived from the Town from all sources, in accordance with the vote passed under Article 1, Item 3, at the Annual Town Meeting of March 6, 1939.
Town Treasurer:
George E. Curtin
Salary ---- . Town
$1,500.00
Salary
Water Dept.
400.00
Salary
- Commissioner
65.00
Selectmen :
Sandy Roulston
Salary
620.00
Board of Appeal
45.00
Water Commissioner
40.00
Everett E. Callahan
Salary
905.33
Basil S. Warren
Salary
614.67
Water
Commissioner
40.00
George E. Lane
Salary
520.00
Joseph A. Fern
Salary
520.00
Town Clerk:
Julian R. Merchant
Salary
800.00
Fees from the Town
1,199.00
Clerk of Registrars.
400.00
Collector of Taxes:
Frank W. Holbrook
Commission 5.5 mills 6,981.93
(includes all the office expenses)
Collection Water Liens. 70.80
School Committee :
Prince H. Tirrell
none
Ethel G. Taylor.
none
Wallace H. Drake
none
Clayton W. Nash
none
William F. Shields
none
Joseph W. Mahoney
none
Assessors :
Charles W. Burgess
Salary
900.00
Salary
special
500.00
Sealer
Salary
1,000.00
Sealer
Transportation
200.00
Salary
2,250.00
Harry E. Bearce
Salary
- special
250.00
Frank A. Pray
Salary
500.00
John W. Heffernan
Salary
800.00
Salary - special
500.00
Francis A. Gunn
Salary
800.00
Salary - special
500.00
Water Commissioners:
Ralph P. Burrell
Salary
40.00
George W. Perry
Salary
40.00
Salary
special
800.00
321
Registrars of Voters:
John F. Reardon
Salary
Lawrence P. Corridan
Salary
200.00
Edward C. McIntosh
Salary
200.00
Trustees of Tufts Library :
Clarance P. Whittle
none
Gertrude C. Andrews
none
Kenneth L. Nash
none
Leighton S. Vorhees
none
Joseph Kelley
none
Franklin N. Pratt
none
Francis N. Drown
none
Francis Haviland
none
John Griffin
none
Board of Selectmen
none
George E. Curtin, Town Treasurer
none
Park Commissioners:
Everett J. McIntosh
Transportation
66.50
Charles W. Burgess
Transportation
66.50
Arthur I. Negus
Transportation
66.50
Board of Health :
Thomas J. McDonald
Salary
200.00
Frederick L. Doucett
Salary
150.00
Lewis W. Pease
Salary
100.00
Planning Board :
Charles Griffin
none
Charles A. Jordan
none
Thomas J. Kelly
none
Raymond O. Hollis
none
Henry R. Sargent
none
Roy H. Rosewell
none
Russell H. Whiting
none
Tree Warden :
Moth & Tree Dept's:
1,216.24
Truck Hire 716.61
Annual Moderator :
Daniel L. O'Donnell
none
Town Meeting Members
none
Town Counsel :
Kenneth L. Nash
Salary
1,500.00
Trial Cases 750.00
Board of Appeal
45.00
Town Accountant :
Emerson R. Dizer
Salary - Town.
3,000.00
Salary - Water Dept. 450.00
Superintendent of Streets: Thomas J. Kelley
Salary
3,500.00
Superintendent of Water Department: Sydney C. Beane Salary
3,500.00
322
200.00
V. Leslie Hebert
Wages
Inspector of Animals:
John H. Reidy
Salary
150.00
Dog Officer 480.00
Burying Animals
485.50
Inspector of Plumbing :
George Marshall
Salary
2,297.00
Transportation
250.00
Building Inspector :
Andrew A. Chisholm
Salary
1,200.00
Transportation 312.00
Town Engineer :
Russell H. Whiting
Salary
none
Supt. and Matron of Town Infirmary :
Mr. & Mrs. Fred P. Tolman Salary
1,800.00
Electric Light Committee:
Joseph Kelley
none
J. Herbert Libbey
none
Walter R. Field
none
Alfred S. Tirrell
none
I trust the foregoing information meets fully with the desires of those who sponsored the vote requesting its publication. Should this not be the case however, may I suggest that it would be most helpful if specific cases were made known to this office, to the end that the information may be compiled as desired.
EMERSON R. DIZER, Town Accountant.
323
TOWN TREASURER'S REPORT
To the Citizens of the Town of Weymouth:
Following is my fourth report as your custodian of Town Funds:
RECEIPTS
For Notes Given in Anticipation of Revenue:
January 15, 1940, due November 15, 1940 @ .06% Discount plus $3.50 premium. $ 400,003.50
July 22, 1940, due July 15, 1941 @ .141% Discount 200,000.00
$ 600,003.50
School Department
9,761.00
Street Department
290.30
Licenses and Permits
13,334.75
Town Clerk's Licenses
440.80
Dog Licenses
4,332.00
Sale of Dogs.
30.00
Building Inspector Permits
1,519.00
Board of Health-Plumbing Inspector
2,297.00
Refund Welfare
14,002.33
State Treasurer
439,612.17
Commonwealth of Massachusetts-a/c Highways, Chap. 504
65,177.97
Commonwealth of Massachusetts-a/c Highways, Chap. 90
500.00
City of Boston-a/c Highways, Chap. 90
500.00
Commonwealth of Massachusetts-a/c Highways Moth Dept.
79.85
Police Department-Pistol Permits
76.00
Fire Department-Fireworks Permits
13.50
Sealer's Fees
357.22
Tax Title Releases
7,603.07
City of Boston-Health Department
74.00
Board of Health
390.00
Board of Health-Dental Clinic
117.65
Water Department-Accounting Department
550.00
Moth Department
10.00
Court Fines
175.74
Tufts Library Fines
909.53
County Treasurer-Dog Tax Refund
3,250.78
Alewife Fishery
251.30
Income Trust Funds
825.24
Sale Tax Possession Property
675.00
Rental Tax Possession Property
292.00
Retirement Board-Accounting Service
403.50
Commission Vending Machines
22.20
Taxes-1938
19,843.82
Taxes-1938 Interest
1,020.75
Taxes-1939
202,633.49
Taxes-1939 Interest
5,712.52
Taxes-1940
1,033.622.74
Taxes-1940 Interest
401.75
Transfer Tufts Lecture Fund-Concerts & Lectures
1,190.39
Transfer Beals Park Fund
28.00
Transfer Laban Pratt Fountain Fund
5.68
Transfer Rhines Fund-Seats Legion Field
2,500.00
324
Transfer Rhines Fund-Tree Rehabilitation
2,000.00
Water Department Toward Collecting Expense
1,500.00
Taxes paid after being abated
26.85
Refund Foreclosure Deposits
52.75
Discharge of Mortgage
350.00
Sale of Atlases
75.00
Eastern Massachusetts St. Railway a/c Maintenance & Repairs Quincy Avenue Bridge
164.94
Miscellaneous
26.43
Total
$2,439,032.51
Cash in Banks January 1, 1940
136,617.51
Total
$2,575.650.02
DISBURSEMENTS
Paid on Selectmen's Warrants for:
Notes Given in Anticipation of Revenue.
$ 600,000.00
Other Notes and Bonds
73,000.00
Sundry Appropriations
1,767,159.04
Total
$2,440,159.04
Cash in Banks December 31, 1940
135,490.98
$2,575,650.02
ASSETS
Due from F. W. Holbrook, Collector of Taxes 1939
$ 22,136.88
Due from F. W. Holbrook, Collector of Taxes 1940 Water Liens
874.00
Due from F. W. Holbrook, Collector of Taxes 1940
197,686.01
Trust Funds
383,761.68
Accumulated Interest on Trust Funds
242,126.15
Deposits Weymouth Trust Company
110,969.53
Deposits First National Bank of Boston
3,984.75
Deposits Second National Bank of Boston
15,000.00
Deposits Merchants National Bank of Boston
16,433.67
Deposits Granite Trust Company of Quincy
19,665.75
Sundry Bills Receivable
62,779:76
$1,075,418.18
Less outstanding checks
30,562.72
Total Assets
$1,044,855.46
LIABILITIES BONDS AND NOTES 1941
July 1, Bicknell School Addition, 4 per cent
$ 6,000.00
July 1, High School Building, 41/4 per cent
12,000.00
July 1, Town Home, 41/4 per cent
2,000.00
July 1, Pond Plain Schoolhouse, 4 1/4 per cent
4,000.00
July 1, New Hunt Schoolhouse, 41/2 per cent
10,000.00
July 1, New Adams School, 4 1/2 per cent
3,000.00
Aug. 1, Nevin School Addition, 34 of 1 per cent
10,000.00
Oct. 1, Pratt Schoolhouse Addition, 4 per cent
3,000.00
Nov. 1, Bicknell Schoolhouse, 4 1/4 per cent
5,000.00
Nov. 1, High School Building Addition 334 per cent
13,000.00
$ 68,000.00
325
1942
July 1, Bicknell School Addition, 4 per cent
$ 6,000.00
July 1, High School Building, 41/4 per cent
12,000.00
July 1, Town Home, 4 1/4 per cent 2,000.00
July 1, Pond Plain Schoolhouse, 4 1/4 per cent. 4,000.00
July 1, New Hunt Schoolhouse, 41/2 per cent
10,000.00
July 1, New Adams School, 4 1/2 per cent
3,000.00
Aug. 1, Nevin School Addition, 3/4 of 1 per cent
10,000.00
Oct. 1, Pratt Schoolhouse Addition, 4 per cent
3,000.00
Nov. 1, Bicknell Schoolhouse, 41/4 per cent 5,000.00
Nov. 1, High School Building Addition, 3 34 per cent
13,000.00
$ 68,000.00
1943-1950
July 1, Bicknell School Addition, 1943-1950
$ 48,000.00
July 1, High School Building, 1943-1950
12,000.00
July 1, Town Home, 1943 2,000.00
July 1, Pond Plain Schoolhouse, 1943-1944
8,000.00
July 1, New Hunt Schoolhouse, 1943-1946
40,000.00
July 1, New Adams School, 1943-1945
8,000.00
Aug. 1, Nevin School Addition, 1943-1945
30,000.00
Oct. 1, Pratt Schoolhouse Addition, 1943-1945 9,000.00
Nov. 1, Bicknell Schoolhouse, 1943-1944 10,000.00
Nov. 1, High School Building Addition, 1943-1947
65,000.00
$ 232,000.00
TOTAL AMOUNT OF NOTES AND BONDS OUTSTANDING
Bicknell School Addition, 1941-1950
$ 60,000.00
High School Addition, 1941-1950
36,000.00
Town Home, 1941-1943
6,000.00
Pond Plain Schoolhouse, 1941-1944
16,000.00
New Hunt Schoolhouse, 1941-1946
60,000.00
New Adams Schoolhouse, 1941-1945
14,000.00
Nevin School Addition, 1941-1945
50,000.00
Pratt Schoolhouse Addition, 1941-1945
15,000.00
Bicknell Schoolhouse, 1941-1944
20,000.00
High School Addition, 1941-1947
91,000.00
Total debt except Anticipation of Revenue Notes $ 368,000.00
Anticipation of Revenue Notes 1941 200,000.00
Total
$ 568,000.00
TRUST FUNDS LABAN PRATT HOSPITAL FUND
Original bequest July 22, 1925
$ 300,000.00 219,102.00
Total Fund January 1, 1940
$ 519,102.42
INCOME 1940
East Weymouth Savings Bank, Interest 3,288.03
South Weymouth Savings Bank, Interest 3,620.28
Weymouth Savings Bank, Interest 3,309.37
Weymouth Trust Co., Savings Dept., Int.
2,852.74
13,070.42
Interest on Bank Deposits to Dec. 31, 1939
Total Fund December 31, 1940 $ 532,172.84
326
INVESTMENTS OF THIS FUND
Deposited in East Weymouth Savings Bank
$ 133,992.89
Deposited in Weymouth Savings Bank.
134,862.59
Deposited in South Weymouth Savings Bank
134,375.94
Deposited in Weymouth Trust Co. Savings Dept.
128,941.42
Total Fund December 31, 1940
$ 532,172.84
LABAN PRATT FOUNTAIN FUND
Bequest deposited in Weymouth Savings Bank in 1925
$ 400.00
Interest to December 31, 1939
435.96
Total Fund January 1, 1940
$ 835.96
Interest received during 1940
20.94
$ 856.90
Amount expended during 1940
5.68
Total fund in Weymouth Sav. Bank Dec. 31, 1940
$ 851.22
MUNICIPAL BUILDING INSURANCE FUND
Deposited in Banks, May 8, 1930
$ 10,000.00
Added by vote of Town to December 31, 1939
17,506.00
Interest on Bank Deposits to Dec. 31, 1939
5,915.46
Total Fund January 1, 1940
$ 33,421.46
Added by vote of the Town during 1940
1.00
Interest received during 1940
841.05
Total fund December 31, 1940
$ 34,263.51
INVESTMENTS OF THIS FUND
Deposited in East Weymouth Savings Bank
$ 8,613.28
Deposited in Weymouth Savings Bank
8,635.72
Deposited in South Weymouth Savings Bank
8,599.53
Deposited in Weymouth Trust Co., Savings Dept.
8,414.98
Total Fund December 31, 1940 $ 34,263.51
JOHN C. RHINES FUND
Bequest March 10, 1924, Income for any Public Purpose $ 10,000.00
INVESTMENTS OF THIS FUND
Deposit in Weymouth Savings Bank
$ 5,000.00
Deposit in South Weymouth Savings Bank
2,500.00
Deposit in Weymouth Trust Co., Savings Dept.
2,500.00
Total Fund December 31, 1940
$ 10,000.00
JOHN C. RHINES INCOME ACCOUNT
Income received to January 1, 1940
$ 6,161.20
Interest received during 1940
344.04
6,505.24
Amount Expended in 1940
4,500.00
Balance on hand Weymouth Trust Co., Savings Dept., Dec. 31, 1940
2,005.24
327
Total Fund on Deposit December 31, 1940:
Principal Income Account
$ 10,000.00 2,005.24
$ 12,005.24
ELIAS S. BEALS FUND
Income for care of Beals Park, Original Bequest $ 1,000.00
Total Fund to January 1, 1940 $ 1,029.17
Interest received during 1940
28.14
Amount expended in 1940
28.00
Total Fund in South Weymouth Savings Banks, $ 1,029.31
December 31, 1940
JOSEPH E. TRASK FUND
Income for benefit of Tufts Library, Total Fund Janu-
ary 1, 1940.
$
12,805.88
Interest received during 1940. $ 318.61
Paid Town of Weymouth Tufts Library Ac-
count 318.61
Total Fund on Deposit December 31, 1940 $ 12,805.88
INVESTMENTS OF THIS FUND
Deposit in East Weymouth Savings Bank
$ 2,000.00
Deposit in Weymouth Savings Bank 2,000.00
Deposit in South Weymouth Savings Bank 4,100.00
Deposit in Weymouth Trust Co., Savings Dept.
4,705.88
Total Fund December 31, 1940 $ 12,805.88
SUSAN HUNT STETSON FUND
Income for benefit of Tufts Library, Total Fund Janu- ary 1, 1940
$ 2,500.00
Interest received during 1940 $ 62.50
Paid Town of Weymouth for Tufts Library
Account 62.50
Total Fund in Weymouth Savings Bank, December $ 2,500.00 31, 1940
CHARLES &. TIRRELL FUND
Income for benefit of the Tufts Library, Total Fund January 1, 1940 $ 1,000.00
Interest received during 1940 $ 25.00
Paid Town of Weymouth for Tufts Library Account 25.00
Total Fund in Weymouth Savings Bank December 31, 1940 $ 1,000.00
328
1,057.31
WALTER G. FORSYTH FUND
Income for benefit of the Tufts Library, Total Fund
$ 1,000.00 January 1, 1940
Interest received during 1940 $ 25.00
Paid Town of Weymouth Benefit Tufts Library 25.00
Total Fund in Weymouth Savings Bank December 31, 1940
$ 1,000.00
AUGUSTUS J. RICHARDS FUND
Income for Benefit of Tufts Library, Total Fund Janu-
$ 5,000.00 ary 1, 1940
Interest received during 1940 $ 125.00
Paid Town of Weymouth Tufts Library Ac-
125.00
count
Total Fund on Deposit, December 31, 1940 $ 5,000.00
INVESTMENTS OF THIS FUND
Deposit in Weymouth Savings Bank
$ 2,000.00
Deposit in South Weymouth Savings Bank.
1,500.00
Deposit in Weymouth Trust Co., Savings Dept.
1,500.00
Total Fund on Deposit, December 31, 1940 $ 5,000.00
ARTHUR E. PRATT FUND
Income for benefit of Tufts Library, Bequest December 1935, Total Fund January 1, 1940
$ 3,000.00
Interest received during 1940 $ 75.00
Paid Town of Weymouth Tufts Library Ac- 75.00
count
Total Fund in Weymouth Savings Bank December $ 3,000.00 31, 1940
WILLIAM H. PRATT FUND
Income for Benefit of Tufts Library, Bequest June 1936, Total Fund January 1, 1940 $ 2,798.80
Interest received during 1940 $ 69.96
Paid Town of Weymouth Tufts Library Ac- 69.96
count
Total Fund in East Weymouth Savings Bank Decem- ber 31, 1940 $ 2,798.80
CHARLES HENRY PRATT FUND
Income for Benefit of Tufts Library, Bequest May 1923, Total Fund January 1, 1940 $ 500.00
Interest received during 1940 $ 12.50
Paid Town of Weymouth Tufts Library Ac- 12.50
count
Total Fund in East Weymouth Savings Bank De- $ 500.00
cember 31, 1940 . .
329
ALIDA M. DENTON FUND
IN MEMORY OF ZACHARIAH L. BICKNELL
Income for Benefit of Tufts Library, Bequest January 30, 1940
$ 700.00
Interest received during 1940 $
11.67
Paid Town of Weymouth Tufts Library Ac-
11.67
count
Total Fund in East Weymouth Savings Bank De- cember 31, 1940 $ 700.00
MARTHA HANNAH KING FUND
Income for care of Foye Family Graves, Bequest March 1932 $ 50.00
Income received to January 1, 1940 $ 13.31
Interest received during 1940 1.59
14.90
Total Fund in Weymouth Savings Bank, December 31, 1940 $ 64.90
QUINCY TUFTS BEQUEST FOR FREE PUBLIC LECTURES
Bequest deposited in Massachusetts Hospital Life Insur- ance Company, Annuity in Trust G-4746 $ 5,000.00
INCOME ACCOUNT
Total Available in Income Account, January 1, 1940 $ 1,720.97
Interest received during 1940 from Massa-
chusetts Hospital Life Insurance Co .. $ 100.00
Interest received during 1940 from Wey-
mouth Savings Bank 24.64
124.64
Expended for Public Lectures and Concerts during 1940
$
1,845.61
1,190.39
Total Available in Income Account - Weymouth Savings Bank, December 31, 1940 $ 655.22
Total amount of this Fund - Principal $ 5,000.00 655.22
Income Account
$ 5,655.22
QUINCY TUFTS FUND FOR CARE OF TUFTS FAMILY TOMB Bequest deposited in Massachusetts Hospital Life Insur- ance Company, Annuity in Trust G-4747 $ 500.00
Interest received during 1940 $ 10.00
Paid Treas. of No. Weymouth Cemetery Ass'n
10.00
Total Fund December 31, 1940 $ 500.00
QUINCY TUFTS BEQUEST FOR SHADE TREES AND SIDEWALKS
Deposited in Massachusetts Hospital Life Ins. Co., An-
nuity in Trust G-4748 $ 2,000.00
330
Total Available in Income Account, January 1, 1940 Interest received during 1940 from Massa- chusetts Hospital Life Insurance Co ........ $ 40.00 Interest received during 1940 from Wey- mouth Savings Bank .83
.08
$ 40.83
Total Available in Income Account, Weymouth Savings Bank, December 31, 1940
$ 40.91
Total Amount of this Fund - Principal
$ 2,000.00
Income Account
40.91
$ 2,040.91
QUINCY TUFTS BEQUEST FOR MAINTENANCE OF READING ROOM
Deposited in Massachusetts Hospital Life Insurance Co., Annuity in Trust G-4746
$ 2,500.00
Interest received from Mass. Life Insurance Co. in 1940 $ 50.00
Paid Town of Weymouth, Tufts Library Ac-
50.00
count
Total Fund December 31, 1940 $ 2,500.00
QUINCY TUFTS BEQUEST FOR BOOKS FOR TUFTS LIBRARY
Deposited in Mass. Hospital Life Insurance Co., An- nuity in Trust G-4746
$ 2,500.00
Interest received in 1940 from Massachusetts Hospital Life Insurance Co. $ 50.00
Paid Town of Weymouth, Tufts Library Ac-
count 50.00
Total Fund December 31, 1941 $ 2,500.00
WEYMOUTH BACK RIVER BRIDGE FUND
Massachusetts Hospital Life Insurance Company, An- nuity in Trust A-023
3,000.00
TOTAL OF ALL TRUST FUNDS $ 383,761.68
TOTAL OF ACCUMULATED INCOME ON TRUST FUNDS
$ .242,126.15
GRAND TOTAL $ 625,887.83
WEYMOUTH CONTRIBUTORY RETIREMENT FUNDS
Balance January 1, 1940 In Banks Securities (Par Value)
$ 42,692.10 21,000.00
Balance January 1, 1940 :
$ 63,692.10
RECEIPTS 1940
Members Contributions
$14,361.47
Town Appropriation 21,689.36
Sale of Bonds 20,656.00
331
Interest on Bonds
1,010.00
Interest on Bank Accounts
1,056.61
$58,773.44
DISBURSEMENTS 1940
Retirement Allowances
$11,888.05
Bonds Purchased
22,745.41
Services (Acct. Dept.)
403.50
Supplies and Incd.
61.99
Refund of Contributions
1,146.31
$36,245.26
INVESTMENT OF FUNDS, DECEMBER 31, 1940
Weymouth Trust Co. Checking Account
$ 1,931.37
East Weymouth Savings Bank
45,702.12
South Weymouth Savings Bank
8,511.69
Weymouth Trust Co., Savings Dept.
5,016.67
Weymouth Savings Bank
4,058.43
Bonds (Par Value)
25,000.00
$ 90,220.28
Respectfully submitted,
GEORGE E. CURTIN, Treasurer of the Town of Weymouth.
Weymouth, Mass., Jan. 28, 1941.
I have'examined the accounts of George E. Curtin, Treasurer of the Town of Weymouth, and find them correct. The securities of the Town were examined and found to be as stated in the report of the Town Treasurer.
EMERSON R. DIZER, Town Accountant.
332
REPORT OF THE WEYMOUTH RETIREMENT SYSTEM
Weymouth, Mass., January 27, 1941.
To the Honorable Board of Selectmen
and the Citizens of Weymouth:
The Weymouth Retirement Board submits the following report of its activities during the year 1940.
Francis L. Gaughen, whose term expired on July 1, 1940, was ap- pointed by the Selectmen for an additional three year term and at the organization meeting was elected Chairman of the Board. Emerson R. Dizer was elected Secretary while Harold S. Gardner continues as the other member.
We have had occasion during the year to retire one member for superannuation and one for ordinary disability.
By virtue of the membership of two of our firemen, who lost their lives in the performance of their duties, the benefits of the system were accorded their widows and children.
We now have 20 members receiving monthly allotments, for super- annuation and ordinary disability, of varying amounts as well as the two beneficiaries from accidental deaths.
Members of the System January 1, 1940 195
Enrolled
14
Deaths
3
Withdrawals
2
Retirements
Membership December 31, 1940 202
18
Retired in 1940
2
Beneficiaries for accidental death
2
Membership December 31, 1940
22
FINANCIAL REPORT FOR THE YEAR 1940 INCOME
From members:
Regular contributions Group I $10,558.37
Regular contributions Group II 3,803.10
From Municipality :
Accrued Liability Contribution 14,073.00
Normal Liability Contribution 7,036.00
Interest Deficiency
114.36
Expense Fund 466.00
Interest on Deposits 1,056.61
Coupons on Bonds
1,188.40
Profit on Sales
831.94
Total
$ 39,127.78
DISBURSEMENTS
Annuity Payments :
To members retired in Group I $ 91.45
To members retired in Group II 21.60
Pension Payments:
To members retired in Group I 8,429.51
To members retired in Group II 3,345.49
333
2
Pensioners January 1, 1940
Refunds:
To members
309.48
To heirs of annuitants
836.83
Accrued interest
336.04
Expenses :
Clerical work
403.50
Stationery and supplies
29.48
Attendance at meetings
17.50
Safe Deposit Box
5.55
Association membership
5.00
Postage and insurance
4.46
Total
13,835.89
Increase for the year
$ 25,291.89
BALANCE SHEET - DECEMBER 31, 1940 ASSETS
Treasurer's Cash :
East Weymouth Savings Bank
$ 45,702.12
South Weymouth Savings Bank.
8,511.69
Weymouth Trust Co., Savings Department.
5,016.67
Weymouth Savings Bank
4,058.43
Weymouth Trust Co., Commercial Department
1,931.37
Investments (Cost)
23,361.02
Investment Income (deficiency)
598.49
$ 89,179.79
LIABILITIES
Annuity Savings Fund - Group I.
$ 33,237.43
Annuity Savings Fund - Group II.
Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.