XVll 



REPORT OF THE HONORARY TREASURER FOR THE 

 YEx\R ENDED May 31ST, 1913. 



In presenting the Financial Statement of the Accounts of the 

 Society for the eleven months ending May 31st, I am pleased to 

 record an improved position as compared with previous years. 



The amount received for current subscriptions shows a 

 slight improvement, 444 members having paid their current sub- 

 scriptions as against 432 in 1911/12 and 394 in 1910/11 for a 

 similar period. Arrear subscriptions have yielded £120 as 

 against £150 in 1911/ 12 and £170 in 1910/11. Interest from 

 Endowment Fund has produced £44 is. 3d. 



On the expenditure side almost every item shows a reduc- 

 tion, and the figures appearing in the Accounts may be taken as 

 the lowest amount necessary to enable the Society to exist 

 »;'fficiently. There are no outstanding Accounts ; everything has 

 l)een paid up-to-date, and there is a balance at the Standard 



Bank on Revenue Account of £196 i8s. 5d., as against £18 2s. 3d. 

 last year. It is sincerely to be hoped that this improved position 

 may continue for many years. 



There is still ^ large amount of subscriptions outstanding; 

 this should not be the case, but I am afraid all similar Societies 

 have a like complaint. 



With the exception of an item of Int-rest which has come 

 in, there has been no alteration in the Medal Fund Account, the 

 grant for this year not having been drawn. The capital of this 

 Fund is invested as follow^ . — 



Cape of Good Hope 4% Stock .... £1,376 o o 



Post Office Savings Bank 95 6 8 



In hands of Chairman of Trustees . . 007 



^1,471 7 3 



The Endowment Fund stands at £1,198 os. od., as last year; 

 and under the new rule re entrance fees there will not be any 

 increase on this amount from year to year, from that source, 

 although it may still be increased by life subscriptions. The 

 Interest from this amount forms a welcome addition to the 

 ordinary funds of the Society. The amount is invested as 

 follows : — 



Standard Bank Deposit £1,152 15 O 



Post Ofifice Savings Bank 45 5 O 



£1,198 o o 



