PROCEEDINGS OF THE SOCIETY. 131 



FINANCE. 



There is not much calling for special notice in reference to Finance 

 during the past year. It is satisfactory to note an improvement in the 

 amount received for admission fees, and a material increase under the 

 head of Annual Subscriptions. This is partly owing to the more prompt 

 payment of the Annual dues, and the Treasurer hopes Fellows will see 

 the desirability of maintaining this improvement, as it greatly facilitates 

 the financial arrangements of the Society. 



The sale of the Journal has somewhat fallen off in the past year, 

 but the Council trusts it is only a temporary decline. The Journal for 

 11)03 compares most favourably with any of the preceding years, and 

 as the editorial and abstracting staff receive very small remuneration 

 for their services, the expenses of publication are reduced to the lowest 

 possible figure. In spite of this, however, Fellows will observe that 

 the cost of the Journal swallows up nearly the whole of the Annual 

 Subscriptions. It is therefore imperative that the sale of the Journal 

 outside the Society should be well kept up, otherwise its maintenance 

 at its present high standard cannot be continued. 



Though some of the issues of the Journal during the past year have 

 been of exceptional size, the cost of printing and illustrating has been 

 kept within the ordinary limits. 



During the year a further investment in India 3 per cents, was made, 

 consisting of the admission and compounding fees received in the 

 previous year. 



The Treasurer has been enabled to keep a somewhat larger sum than 

 usual on deposit during the year, which is a matter of great importance, 

 as it is only by the strictest economy that the finances of the Society 

 can be kept in a satisfactory condition. 



Instruments, Apparatus, Etc. 



The Instruments and Apparatus in the Society's Collection continue 

 to be in good condition. 



With the consent of the Council two of our old Microscopes, 

 Nos. 20a and 31 in the Catalogue, being duplicates, have been ex- 

 changed with Messrs. Carl Zeiss of Jena, for two old German Micro 

 scopes, types not yet represented in our Collection. 



During the past year, the following "additions have been made : — 



Feb. 18, 1903. — An old Microscope, with Apparatus. Presented 

 by Mr. Frank Orfeur. 



April 15. — An Old Microscope by Dollond. Presented by Mr. Wynne 

 E. Baxter. 



May 20. — An Early Compound Microscope, and an Old Microscope 

 by Cary. Both presented by Mr. E. M. Nelson. 



June 17. — An Old Non-Achromatic Simple Microscope. Presented 

 by Mr. E. M. Nelson. 



Oct. 21. — A Microscope by Negretti and Zambra, and Accessories, 

 elonging to the late James Glaisher, F.R.S., a former President of the 

 ociety. Presented by Dr. Glaisher. 



