REPORT OF THM A( ITMi HON. TREASrREI{ FOR' 

 THE YEAR E\l)T\(r :]OTH JrXE, V.m. 



I beg to submit the following I'oport on the financial position of 

 the Association together with a statement of accounts for the year 

 en.iing the .30th June, 190S. 



It is .somewhat tlitHcult to believe that the existing depression 

 should so affect the Association, that throughout South Africa there 

 are but 544 persons who take sufficient interest in the Advancement 

 of Science to pay the nominal subscription of "iOs. pei' annum. Yet, 

 despite numerous notices, which, by the way, entail much clerical work 

 ami expense, the receipts from subscriptions for the current year only 

 total £544. The receipts for arrear subscriptions and from other 

 sources amount tc) £1S8 I's. 9d., making a total of £7.">2, 2s. 9d., being a 

 slight increase over last year of £S, 2s. .3d. 



By careful management the ordinary administrative expenditure has 

 been reduced by £64, 18s. 7d., and the total expenditure of £4G7, 2s. 3d. 

 shows a decrease compared with last year — excluding, of course, the 

 printing of the Kimberley Report — of £258, 15s. Id. To do this, 

 however, it was necessary for the Council to decline to entertain 

 entirely any applications for grants in aid of research work, and in 

 \ iew of the fact that it has become necessary to ask for power at the 

 Annual General Meeting to obtain a loan from the trustees of the 

 Association to meet the cost of printing the annual report, 1 cannot 

 reconnnend the Council to entertain any grants in aid during the 

 ensuing year. 



But for this fact the financial position of the Association would 

 be considered fairly satisfactory, as the balance-sheet will show you 

 that the debit balance of £231, 14s. 5d. in the last account has been 

 wiped out, and we have now a small credit balance of some £33 to 

 carry forward to the next account. 



The Endowment Fund shows an increase of £47 over the amount 

 of £893 shown last year, of which £936 is invested on fixed deposit 

 at 4 per cent. 



With regard to the amount of £66, 1 7s. 3d., balance of grants 

 unpaid, I understand that it is possible that these amounts will not 

 now be needed, and if that is so, the amounts can be written off the 

 books during the ensuing yeai-. 



During the 3'ear the cost of the printing of the Kimberley report 

 (£422, 17s. 4d.) has been paid out of revenue, and with the active 

 assistance of members by the prompt payment of their subscriptions 

 for the ensuing year, and by actively furthering the interests of the 

 Association in obtaining further members, the loan from the trustees 

 should soon be repaid. But it will also be necessary for the Council 

 to arrange foi- funds to n\eet the cost of printing the report of the 

 Grahamstown meeting. 



Alex Aikkn, 

 Actinxj Hon. 7'reafinrer. 



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