PROCEEDINGS OF THE SOCIETY. 125 



the number of new Fellows elected is not so great as during l'.)14 by 5, 

 the number of resignations also falls short of the number for that year. 



Honorary. — The Council regrets to report the death of an Honorary 

 Fellow of the Society in Count Solms-Laubach, of Strassburg, who was 

 elected in 1895 and died on November 25, 1915. 



Dr. Robert Braithwaite, F.L.S., etc., who has been an Ordinary 

 Fellow of the Society since 1866, and was President of the R.M.S. 

 during the Session 1891-2, has been added to the List of Honorary 

 Fellows. 



The List of Fellows now contains the names of 398 Ordinary, 

 1 Corresponding, 30 Honorary and 81 Ex-officio Fellows, making a 

 total of 510. 



FINANCE. 



The Revenue Account shows a Ijalance of income over expenditure 

 of £117 lis. 2d.; of this amount the sum of £61 is reserved for the 

 purchase of foreign journals not now obtainable owing to the War. 



Compared with last year, the income of the Society shows a further 

 decrease, and the amount owing on the Subscription Account is some 

 £90 16s. M., in addition to £35 on account of Fellows owing more 

 than two years, and not taken into the Revenue Account. 



During the year the Council has purchased £200 of 4^ p.c. War 

 Loan and converted the £200 3|- p.c. purchased in 1914, thus making 

 the Society's holding in the 4^ p.c. Loan up to £400. 



The value of the Society's securities has been written down by £67, 

 and, after adding the War Loan purchased, the Investment Account, 

 stands at £2181 14s. 



The Capital Account has been left at the same figure as in the last 

 Balance Sheet, and the depreciation in investments has been charged to 

 the Reserve Account which, with the balance from the Revenue Account, 

 now stands at £349 17s. bd. 



The Council would urge upon the Fellows the imperative necessity 

 for liquid assets in order that the Officers chai'ged with the management 

 of the Society may have adequate funds at their disposal for the mainten- 

 ance of the Society in the position it should occupy in the world of 

 Science. To this end the annual dues should be paid promptly- — that is 

 to say, as early in the financial year, which began on January 1, 1916., as 

 is possible. 



JOUENAL. 



The original communications, nine in number, which have appeared 

 in the Transactions, have been of exceptional interest and value, notably 

 those by Dr. Malcolm Burr and Messrs. Heron-Allen and Earland. 



The portion of the Journal devoted to abstracts has been carried on 

 on the old lines, and continues to be found most useful to workers. 



The best thanks of the Council are due to the Editorial Staff for the 

 continuance of their labours and their excellent contributions. 



