1624-24 Clubs 1
,
THE BAT H CLUB
PHONE M.13.6712 )!'
MIAMI BEACH,FLORIDA it
February 9, 1929
To the Founder Members:
Your Board of Governors are pleased to re-
port the result of the first year's operations of the club
as shown on the report of the auditors which is enclosed.
You will note that the first year showed a
net gain after depreciation of $61,525.97. Of this amount
it will be noted $45,000.00 was received as initiation fees
from Associate Members. As of January 1st the initiation fee
of Associate Members was raised to $1,500.00. It is expected
however, that during the year 1929 the receipts from Asso-
ciate Membership initiations will be less than in 1928, as
it is the policy during the current year to elect applicants
to Season Membership in order that they may enjoy the privi-
leges of the club immediately, and not wait for all the for-
malities necessary for election to Associate Membership. It
is probable, however, that the total receipts from Associate
and Season Memberships will about equal that of 1928. ' 1
At the annual meeting in 1928 the members ap-
proved the issuance of bonds to the extent of $100,000.00, all
of which were subscribed by the members.
During the current year the mortgage on the
property amounting to $67,600.00 was paid off; additional
property to the north, amounting to three hundred twenty feet •
of ocean front, was purchased at a price of $35,000.00; sixty
new cabanas were built at a price of $15,500.00, and other im-
provements to the property and grounds were made at a cost of
approximately $58,000.00.
The club was fortunate in securing the services
of Mr. E. C. Newhart as manager for the 1929 season.
On January 1st, 1929 the club was formally
opened for the 1929 season with an attendance for lunch on
that day of 149, as compared with the opening day of 1928 cf- 16.
The club is again indebted to Mr. E. M. Gould,
Chairman of the Building Committee and to Mr. Fred Tod, Chair-
1
man of the House Committee , for the great amount of work done •
by them during the last year in connection with the additions
and improvements made during the year. 1
1
The President and Board of Governors appreciate
greatly the loyal support of the officers and members of the
club, and hope that they may continue to merit the same loyal
support during the coming year.
Respectfully submitted,
Fred A. Poor, President.