XXXIV 



REPORT OF THE HONORARY TREASURER FOR THE 

 YEAR ENDED MAY 31ST, 1919. 



The statements submitted show a substantial balance on the 

 year's working. This is mainly clue to grants from outside sums, 

 viz.: £150 from Johannesburg Alining Houses towards Journal 

 expenditure, £231 specially collected in Capetown by Prof. Orr, 

 and a Goyernment grant of £50 tovyards the expenses of the 1918 

 Annual Meeting. In addition there is still to come in the 

 promised grant of £150 from Goyernment towards the expenses 

 of the Association. 



The expenditure includes only eleyen numbers of the 

 Journal, and is further diminished by the fact that the Johan- 

 nesburg claim under Rule 9 was made too late for inclusion in 

 the accounts of the current year. A special item is the bonus 

 authorised by Council to the former Assistant Secretary, Mr. H. 

 Tucker, on his retirement from office. 



The estimates for next year should receive careful considera- 

 tion, as the nominal annual revenue is still short of the expendi- 

 ture. At present prices the net cost of the Journal for 12 

 months may be taken as i/oo, and other expenses as about £300. 

 The revenue may be taken as : Subscriptions £675, interest £80, 

 Goyernment grant £150. Even if the last item be considered as 

 an established source of revenue, there will be a considerable 

 deficit in the year's working. The Council should consider care- 

 fully the disposal of the present balance, so as to secure some 

 permanent stability in the finances of the Association. 



The Endowment Fund shows an increase of £25 from Life 

 Subscriptions. 



The Medal Fund is unchanged in amount, the whole of the 

 available balance being paid to the Medallist of the year. 



Alexander Brown, 



Hon. Treasurer. 



2/th June, 1919. 



