XXIX 



REPORT OF THE HONORARY TREASURER FOR THE 

 YEAR ENDED MAY 31 st. 191 5. 



In presenting the Account of Revenue and Expenditure 

 and the Balance Sheets of the Society for the year ending May 

 31st, I beg to report as follows: — 



The amount received for, current subscriptions shows a 

 shortfall of £70 5s. ; that received for arrear subscriptions, an 

 increase of £17 los., a nett decrease of £52 15s. 



One of the chief reasons for this decrease is that twenty- 

 eight (28) of our regular subscribers have taken advantage of 

 the new rule re Life Members, and the Funds get no advantage 

 whatever from their subscriptions this year. 



The Journal has cost a total of £465 14s. lod., l)ut owing 

 to the very generous contribution of £200 by the De Beers Com- 

 pany towards the cost of printing the proceedings of the Kim- 

 berley Meeting, only £265 14s. lod. shows in the Accounts. As 

 requested at the last Annual Meeting, I have given details of 

 the amounts figuring under sundry charges. 



The total of receipts and disbursements show a loss on the 

 year's working of £35 i8s. id., or, deducting the cost of the 

 May, 1914, Journal referred to last year of £17 7s. 2d., as against 

 £25 i6s. 3d. for 1913/14. Considering the state of the country 

 this may be considered satisfactory. 



The Endowment Fund has been increased by £140, and now 

 stands at £1,338. During the year the principal amount of this 

 has been invested in 5 per cent. Municipal Bonds, so the interest 

 accruing to General Account will be somewhat increased in the 

 future. , 



The Medal Fund now stands at £1,429 8s. 5d.. a* slight 

 increase over last year's amount. 



I trust that some satisfactory arrangements may be made 

 at the Annual Meeting by which the annual income of the 

 Society may not be further reduced by the increase in the number 

 of Life Members under the rules adopted last year. 



A. Walsh, 



Hon. Treasurer. 

 June 9th, 1 91 5. 



