188 Itoyal Colonial Institute. 



1,500 have compounded for the annual subscription and qualified as Life Members. 

 The number of Lady Associates, whose privileges entitle them to receive a copy of 

 the monthly Journal of the Institute, to attend any Meeting held for the reading 

 of Papers or any Annual Provincial Conference of the Institute, and to attend the 

 Annual Conversazione, has increased from 18 in 1909 to 110 on 31st December, 1911. 



Rhodes Scholars. 



4. Twenty-four Rhodes Scholars have been made Honorary Fellows during their 

 residence at Oxford, in place of a similar number who have completed their studies 

 at the University. 



Accounts. 



5. As will be seen from the annexed Statement of Receipts and Payments, the 

 total Receipts for the year amounted to £9,751 18s. Qd., of which £7,633 16s, 

 consisted of Entrance Fees and Subscriptions of Fellows and Associates, showing 

 an increase under this heading for the year of £883 16s. 



The net ordinary expenditure for the year, after deducting £2,952 10s. M., 

 Cost of New Furniture and balance of cost of Reconstruction of the Building, and 

 also £1,157 5s. 6c?. receipts for Institute Dinners and Conversazione, was 

 £8,507 85. 9(?., compared with £6,242 17s. U. for 1910. 



6. Since the foundation of the Institute the Accounts have been annually audited 

 by two Fellows of the Institute, one representing the Council and the other the Fellows. 

 The Council are of opinion that the time has arrived when the Accounts should be 

 audited by a firm of Accountants, and they have therefore appointed Messrs. 

 Price, Waterhouse & Co. Auditors to the Institute, subject to confirmation by the 

 Fellows at the Annual Meeting. The necessary alterations to the Rules to give 

 effect to this action were submitted to the Fellows at an Ordinary Meeting held on 

 January 9, 1912, and approved. 



Comparative Statement op Number of Fellows and Annual Revenue. 



7. The following Table shows the number of Fellows and Associates and the 

 Annual Income in each year since the foundation of the Institute in the year 

 1868 :— 



