Report of the Forty -Sixth Annual General Meeting. 321 



The Secretary read the notice convening the meeting. 



The Minutes of the last Annual Meeting were read and confirmed. 



The Chaikman (Sir Godfrey Lagden, K.C.M.G.) : The Council propose to send 

 a cablegram to Lord Grey as follows : " The Fellows assembled at the Annual Meeting 

 desire to express best wishes for your recovery and safe return." We should like to 

 feel, as I am sure his Lordship would like to know, that this cablegram is sent at the 

 unanimous desire of the Fellows assembled to-day. 



The Meeting signified its assent. 



The Annual Report and Statement of Accounts were taken as read : 



ANNUAL REPORT. 



1 . The Council, in presenting their Forty-fifth Annual Report, are glad to acquaint 

 the Fellows that the progress and expansion which characterised the record of last year 

 have been well maintained. 



Fellows and Associates. 



2. During the year 264 Resident Fellows, 1,540 Non-Resident Fellows, and 546 

 Associates have been elected, making a total of 2,350, compared with 297 Resident, 

 1,451 Non-Resident Fellows, and 103 Associates, or a total of 1,851 in 1912. On 

 December 31, 1913, there were 2,138 Resident Fellows, 6,206 Non-Resident Fellows, 

 730 Associates, and 14 Honorary Fellows, or 9,088 in all, of whom 1,720 have com- 

 pounded for the annual subscription and qualified as Life Fellows. 



For the purpose of making the Institute and its work better known and understood, 

 and of increasing the membership, the Council have, as a tentative measure, appointed 

 Mr. W. H. Garrison, the Official Lecturer, to be a Special Commissioner, to act under 

 direction of a sub-committee. 



Honorary Membership. 



3. Twenty-seven Rhodes Scholars have been made Honorary Fellows during their 

 residence at Oxford in place of a similar number, whose privileges have expired on 

 completion of their studies at the University. 



Honorary Membership of the Institute, during their stay in the United Kingdom, 

 was extended to the members of the Lawn Tennis Teams from Canada and Australia, 

 and the Canadian and Australian Rifle Teams. 



Accounts. 



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

 Messrs. Price, Waterhouse & Co., shows that the finances are in a sound and improving 

 condition. The total receipts for the year amounted to £13,268 125. 4r/., of which 

 £11,723 15s. Qd. consisted of Entrance Fees and Subscriptions of Fellows and Associates, 

 showing an increase under this heading for the year of £1,767 2s. 6d. 



The net expenditure for the year, after deducting £28 Is. 8(7. cost of new furniture 

 and also £349 15s. receipts from the Annual Dinner and Conversazione, was £12,979 

 lis. 2d., as compared with £9,981 17s. 8d. for the previous year. 



In the last Annual Report the Council announced that the sum of £250 had been 

 set aside during the year 1911 for the purpose of re-establishing a Reserve Fund, and 

 they now have the satisfaction of reporting that at 31st December last that fund 

 amounted to £1,250, the basis of allocation being a proportion of the compounded 

 subscriptions of Life Fellows, 



