Report of the Forty-Fifth Annual General Meeting. 287 



207 Associates, and 15 Honorary Fellows, or 7,177 in all, of whom 1,627 have 

 compounded for the annual subscription and qualified as Life Fellows. The number 

 of Lady Associates has increased from 18 in 1909 to 207 on December 31, 1912. 

 The Council are of opinion that the inclusion of Associates will reinforce the Institute's 

 work, and tend to widen its sphere of influence. 



Khodes Scholars. 



3. Nineteen Rhodes Scholars have been made Honorary Fellows during their 

 residence at Oxford in place of twenty-one who have retired after completing 

 their studies at the University. 



Accounts. 



4. The annexed Statement of Receipts and Payments, duly certified by the Auditors, 

 Messrs. Price, Waterhouse & Co., shows that the total receipts for the year amounted 

 to £11,869 105. Id., of which £9,956 135. Qd. consisted of Entrance Fees and Sub- 

 scriptions of Fellows and Associates, showing an increase under this heading for the 

 year of £2,322 17s. Qd. 



The net ordinary Expenditure for the year, after deducting £74 lis. \\d. 

 cost of new furniture and cost of improvements to building, and also £651 125. M. 

 receipts from Institute Dinners and Conversazione, was £9,981 17s. 8(Z., as compared 

 with £8,507 8s. 9cZ. for 1911. 



In order to re-establish the Reserve Fund which became exhausted when the 

 building was altered and improved in 1911, a sum of £250 was set aside for the 

 purpose early last year and it is proposed to add to the Reserve annually as a fixcil 

 policy such amount as the finances will bear. 



Donations to the Institute. 



5. The Council have to acknowledge with thanks the gift of £100 to the funds of 

 the Institute from Mr. Robert Christison, and of £5 5s. from Mr. Gavin F. Gardiner, 

 of Adelaide, South Australia. 



Chairman of Council. 



6. In accordance with the terms of Rule 43 which provides that the Council 

 shall annually elect a Chairman of the Council who shall hold office for one year, and 

 shall be eligible for re-election, Lieut.-General Sir J. Bevan Edwards, K.C.B., 

 K.C.M.G., was unanimously elected to that office on the 19th March last. The Council 

 much appreciate the services rendered to the Institute by the Chairman during the past 

 three years and also those of Sir Godfrey Lagden, K.C.M.G., who has performed the 

 duties of Deputy Chairman during the past two years. 



Office of Honorary Treasurer. 



7. The Council have to report with much regret the resignation of the office of 

 Honorary Treasurer by Sir Montagu F. Ommanney, G.C.M.G., K.C.B., I.S.O., who 

 has occupied that position for the past twenty-three years and rendered valuable 



