GENERAL TREASURERS ACCOUNT. XXV 



Of the £231 outstanding on the 30th June. 1910, only £70 

 has been collected, ami £399 has been paid in current subscrip- 

 tions ; this practically means that there are somewhere about 240 

 people who are still considerably in arrear with their subscrip- 

 tions, and it is very evident that unless more interest can be 

 developed amongst the members so as to induce them to pay 

 their subscriptions more promptly, the future existence of the 

 Society is very doubtful. 



With regard to the actual expense of running the Associa- 

 tion during the past year, two items, namely, the expense of the 

 Annual Meeting and the Branch expenses, do not appear. 



Salaries are somewhat lower, and the amounts paid out on 

 account of the Journal are also lower, but there are several 

 accounts for printing the Journal which were not paid prior to 

 the close of the financial year. 



Printing and stationery show an increase of about £10, and 

 a new item of expenditure appears, namely, the rent of the 

 Offices. 



The Charges Account, including postage and sundries, is 

 also somewhat higher. 



The amount of subscriptions, exclusive of the Bloemfontein 

 Meeting, collected in 1910 amount to £763, whereas in the year 

 under review they only amount to £469 12s., a very considerable 

 decrease in the available revenue. 



Last year a considerable cash balance was shown in the 

 Bank, but there were items of £300 borrowed from the fixed 

 deposit, of entrance fees and life subscriptions account amount- 

 ing to £95, which have been refunded to their proper accounts. 



The Endowment Fund in the hands of the Trustees now 

 stands at its proper amount of £1,091. 



The South Africa Medal Funds stand at £1,401 17s. iod., 

 in addition to which there is a small amount of accrued interest 

 which will appear in the current year's books. 



I think it is very desirable that the names of all those people. 

 who are considerably in arrear with their subscriptions should 

 be wiped off the list, as, so long as they remain, it is necessary 

 for the Association to provide copies of the Journal for them, 

 and, although probably the reduction of the number would not 

 make very much difference, it is highly necessary that every 

 possible saving of expenditure should be carefully looked into, 

 as. if the possible revenue is to be the basis of expenditure 

 instead of the actual, it makes it very difficult to keep both side-; 

 of the account on the proper basis. 



A. Walsh, 



General Treasurer. 



