REPORT OF THE HONORARY TREASURER FOR 

 THE YEAR ENDING 30TH JUNE, 1906. 



I have pleasure in submitting the following Report, together 

 with the Financial Statement, for the year ending the 30th June, 1906. 



The Statement shows, that considering the exceptional circum- 

 stances of the past year, including as it did the visit of the British 

 Association, and the expenditure inseparable from such an undertak- 

 ing in South Africa, the Association is in a sound financial position. 



From the Revenue Account it will be noticed that the receipts 

 during the year under review are considerably less than those shown 

 in the preceding account. This may be accounted for mainly by 

 the decrease in the members elected with the consequent decrease 

 in the amounts received from Entrance Fees and Life Membership 

 subscriptions, and the large number of subscriptions which were 

 paid in advance last year, which somewhat abnormally increased 

 the receipts as shown in the previous year's accounts. 



The Expenditure during the year just completed, on the other 

 hand, shows a considerable increase over that of the preceding 

 year, due to the visit of the British Association, necessitating a 

 total payment of jQ^^o to that body, as well as increasing the 

 General Expenses, etc., besides an increase in Grants for scientific 

 research of ^^120; and the printing of the Report for 1905, which 

 in former years has been borne by subscriptions generously given 

 for that purpose. 



The Balance Sheet shows that your liabilities afe amply 

 covered by your assets, there remaining in the Bank after their 

 payment a sum of ^174 19s. 9d., from which will have to be 

 met the expenses of this (Kimberley) Meeting. It will be noticed 

 that nothing has been taken into account for the amount of sub- 

 scriptions outstanding in arrear which amount to ^4-^2, nor has 

 any value been placed upon the volumes of Proceedings (volumes 

 T and 2) of which there is a good stock on hand. 



The Endowment Fund account, which is credited with all 

 receipts from Entrance Fees and Life Membership subscriptions, 

 now stands at jQ^xg, of w^hich amount ;^7oo has been placed by 

 your Trustees on fixed deposit at 4I per cent, per annum. The 

 interest on this sum will be included annually in the Revenue of the 

 Association in accordance with Section 11 {b) of the Constitution. 



Assuming that the Members of the Association pay their 

 subscriptions during the coming year, as they have done in the 

 past, I believe it will be possible for the Association at its next 

 Annual General Meeting, to largely increase its grants for scientific 

 research, and thus forward in a very practical way the aims and 

 objects for which it has been founded. 



The total Membership of the Association is 1,322, showing 

 a net increase of 33 since the last Report was submitted. 



These figures show that taking the population of the country 

 into account, there is ample scope for bringing the Association more 

 prominently before the people of South Africa, and in this manner 

 increasing their interest in the advancement of science. 



30th June, 1906. HOWARD PIM, Hon. Treasurer. 



