XXU GENERAL TREASURER S ACCOUNT. 



The Endowment Fund should stand at £1,091. On account 

 of the loan authorised last year and suspension of investment 

 of entrance and life member fees, the invested funds actually 

 stand at £688. The difference, £403, is to be regarded as a 

 charge against the balance of £501 13s. 8d. There were no 

 outstanding debts at the date of the balance sheet. It appears 

 therefore that the Association could afford to restore the greater 

 part of the sum temporarily withdrawn from investment, and 

 still leave a working balance. This should be done. 



The South Africa Medal Fund has yielded an income of 

 £75 17s. lod. ; this has admitted of paying a grant of £50 to 

 the recipient of the Medal and covering the expense of Medals. 



The administration having now been centralised at Cape 

 Town, it is to be expected that expenses will be reduced, so 

 that if the coming meeting there leads to a sensible increase 

 in membership, the Association may again find itself in a posi- 

 tion to promote the cause of Science in other ways than those 

 to which it has been restricted by the financial depression of 

 recent years. 



R. A. LEHFELDT, 

 Hon. General Treasurer. 



