42 president's address. 



stud-cattle obtainable, while the Government has helped the smaller 

 herds of the dairy farmers with their stud-cattle farms. 



Above all, Australia is a land capable of carrying great flocks of 

 sheep, with a climate exactly suited to the fine-woolled sheep of the 

 merino type; and our stock-owners comprise a large number of 

 men who have spared no expense, or attention, in the production 

 of the finest fleeces, both in quality and quantity, our wool is 

 improving every year, and is competed for by the manufacturers 

 of the world. 



The old antagonism between the woolgrowers and the wheat- 

 growers dates from the time when the free selectors cut up the 

 sheep runs; but now we see the squatters finding that they can 

 grow wheat profitably, and the farmer has his sheep in conjunction 

 with his crops. i 



The sheep will not decrease in Australia, as some writers sug- 

 gest, but will increase as rapidly under the new conditions as the 

 wheat, though they will be divided up into smaller flocks. In 

 Great Britain, so small in area, compared with Australia, there 

 were in 1911, 26„494,992 sheep, most of which are made up of 

 flocks of a few hundred in number. 



The civilisation of the empty spaces of the interior will go on 

 as it has in the past nearer the coast, slowly but surely, until the 

 flocks and herds meet from the east and west. 



Mr. J. H. Campbell, Hon. Treasurer, presented the balance 

 sheet for the year 1912, duly signed by the Auditor, Mr. F. H. 

 Rayment, F.C.P.A., Incorporated Accountant; and he moved 

 that it be received and adopted, which was carried unanimously. 

 Abstract: General Account, Balance from 1911, .£139 3s. Id.; 

 income, £1,044 5s. 0d.; expenditure, .£956 18s. 9d.; transfer to 

 Bookbinding account, £18 18s. 0d.; balance to 1913, £207 1 Is. 4d. 

 Bacteriology Account, Balance from 1911, £71 Is. 3d.; income, 

 £483 10s. 3d.; expenditure, £489 5s. 9d.; transfer to Capital 

 account, £26; balance to 1913, £39 5s. 9d. Linnean Maclkay 

 Fellowships Account, Income, £1,562 4s. 5d.; expenditure, 

 £1,001 15s. 0d.; transfer to Capital account, £560 9s. 5d. 



