PRESIDENT S ADDRESS. i 



on tlie Polyzoa and two on the Hirudinea. Two more parts on 

 the Hirudinea are completed and await publication, while three 

 more of the same series are far advanced and will be laid before 

 you shortly. In addition to enlarging the anatomical and sys- 

 tematic knowledge of the group, Mr. Goddard has found in tlieir 

 metamerism fresh clues to the phylogeny of these leeches. Indeed 

 the study of metamerism in his hands promises deductions which 

 reach far beyond the group which first suggested them. 



The Australian fresh-water annulates are now appearing as a 

 rich fauna, and will afford new means for tlie solution of zoo- 

 geographical problems. Mr. Goddard's progress in these obscure 

 groups is watched with interest by our zoological members. 



Mr. Leo A. Cotton, Linnean Macleay Fellow in Geology, has 

 now completed his first year's work. He has investigated the 

 tin deposits of a part of the New England District, his descrip- 

 tion of which appeared in the last Part of our Proceedings. In 

 that issue his obseivations in the field are presented, while his 

 conclusions on the genesis of the deposits are reserved until a 

 broader view shall have been obtained by a study of the whole 

 district. During his visit he took the opportunity to investigate 

 two interesting problems; one the Borah Creek ore deposits, and 

 the other the occurrence and origin of the diamond deposits of 

 Copeton. A description of the Borah Creek occurrence is now 

 almost finished, and an account of the diamond deposits at Cope- 

 ton is being prepared. Towards the end of last year, Mr. Cotton 

 paid a short visit to the Emmaville District in New England, and 

 intends to examine this area more closely in the near future. 



On tiie 31st December last the total funds under the control 

 of our Society amounted to .£72,000. The amount to the credit 

 of the Fellowships (capital) account was £38,400, and the annual 

 income about .£1,500. At the present rate of interest earned, 

 the Society will be in a position about eight years hence to 

 appoint a fourth Linnean Macleay Fellow — provided, of course, 

 that there is in the meantime no sacrifice of income through 

 difficulty in obtaining suitable investments. 



