8i)|. 



receipts during iho past, year, eiuloavourcHl i.o ko(>p tlio expenses 

 as low as ])ossil)le, and jilllioniii'li (ho cost of the Journal lias 

 rather exceeded the limit which had been assigned to it, yet the 

 other items of outlay have been so ke})t within boulids that the 

 Clnb is able to close its fnuuuMal year with a somewhat larger 

 balance than it did at the end of 1892. 



This is so far satisfactory, but it should bo borne in mind 

 that a diminution of income is to be expected in the coming 

 year owing to the large number of withdrawals, which now 

 take effect as far as finance is concerned. 



Your Committee begs to thank thcofliicers for their continued 

 services. 



In conclusion, your Committee trusts that the adverse in- 

 ilucnces which have somewhat militated against the prosperity 

 of the Club in the past will give way during the present year, 

 and that all who have its welfare at heart will do whatever lies 

 in their power to increase its numbers, promote its interest, and 

 preserve its utility. 



