Report of the Acting Honorary Treasurer for the Year 

 ENDING 30TH June, 1907. 



I beg to submit the following report on the Financial position 

 of the Association, together with a Statement of Accounts for the 

 year ending the 30th June, 1907. 



The wave of depression which is at present sweeping over the 

 Country, has seriously affected the finances of the Association, a state 

 of affairs which it is hoped will prove of a temporary nature. 



The Membership of the Association as given in the last year's 

 report was 1,322, and of these only 614 — less than half — have paid 

 their subscriptions for the year under review, a state of things which 

 is greatly to be regretted. Every endeavour has been made by your 

 Secretaries to recover the amounts outstanding, without meeting with 

 better success than that shown in the Revenue account. 



The Receipts from all sources have been ^724 os. 6d. — the 

 expenditure ^1,148 14s. 8d. The main items in the latter amount 

 are jQ(>2 2 17s. 4d. for the printing of the Report of the Kimberley 

 Meeting, ;^2oo of which was kindly contributed by De Beers' Con- 

 solidated Mines. ^170 for grants, and ^135 i8s. id., the balance of 

 the cost of the Kimberley Meeting and the preliminary expenses of 

 this present Meeting. The general expenditure of the Association has 

 been carefully controlled during the past year, and shows a reduction 

 of nearly ;^2oo as against last year's expenditure. 



Turning to the Balance Sheet, you will notice that, deducting 

 the amount to the credit of the British Association Volumes, which is 

 really a matter apart from the Association, there is at your credit at 

 the Bank. ^^374 3s. lod. Against this amount the Association has 

 debts to meet amounting to ^573 8s. 3d. ; ^30 has to be invested 

 under your rules, and ^31 really has to go to your next year's 

 account. It is for your members to see that these amounts are paid, 

 and one can only trust they will endeavour to get these Members 

 whose subscriptions are in arrears to meet their obligations, and to 

 also secure further paying Members. It will therefore be seen that 

 the Association cannot incur any fresh liabilities for printing the 

 Report of the Xatal Meeting, or make any fresh grants for research 

 unless substantial support is forthcoming. There is really no reason 

 whv. if Members would only pay their subscriptions, for the enlistment 

 of outside helo, but that resource must be enlisted if the Members 

 are so remiss in this matter. 



The amount of the endowment fund has been increased from 

 ^819, as in the last accounts, to ^893. Of this amount ^^863 has 

 been placed on Fixed Deposit by your Trustees at Cape Town, at 

 4J per cent, interest per annum. 



During the vear 83 ^lembers have resigned and 160 have been 

 struck off the Roll for non-payment of subscriptions, death, or 

 removal, while 53 have been elected, making your present Membership 

 T.032. 23 Associates have been enrolled. 



Wm. D. Morton. 

 Acting Hon. Treasurer. 



