1991.

That left the union with over $630,000 in cash, according to the latest financial statement.

The picture of health contrasts with that painted for its much bigger brother -- the Bermuda Industrial Union.

Audited reports state the BIU spent more than it brought in last year, leaving it with under $10,000 in ready cash.

The statement for the BPSA covers January 1, 1990 to October 31, 1991.

It reveals the union raised $713,351 last year, mostly through membership subscriptions.

The rest of the money came from profits from the bar, and bank interest.

Revenues are offset by expenditure of $589,617 -- $372,880 of which went on salaries and benefits.

This left $123,734 net earnings to funnel into a balance which ended the year on $1,165,551.

The union's fixed assets -- land, building, computer gear, furniture and fixtures -- stood at $941,470.

Cash and short-term deposits amounted to $630,556 -- although $127,500 was from a bank loan.

Yesterday Mr. Eugene Blakeney, the BPSA's general secretary, was off the Island and could not be reached for comment.

Meanwhile, a financial statement for the Hotel Employers of Bermuda, for July 1, 1990 to June 30, 1991, revealed the HEB raised $80,126 through contributions by members.

Expenditure on the salaries of paid officers came to $75,258.