GEXERAL TREASURER S ACCOUNT. 



REPORT OF THE HON. TREASURER FOR THE YEAR 

 ENDED 30TH JUNE. iqoq. 



In submitting the Statement of Revenue and Expenditure and 

 the Balance-sheet of the Association for the past year I wish to 

 make the following remarks : — 



It will be noticed with regret that the slight improvement shown 

 last year has not been maintained. The receipts from all sources 

 amount to £454 19s. 3d., as against £732 2s. gd., a decrease of 

 revenue of ^277 3s. 6d.. of which amount £248 represents the 

 decrease in subscriptions for the current year. This is clue to the 

 non-payment of subscriptions by over 300 members, without 

 taking into account the fact that over 100 members, in addition, 

 are automatically taken off the roll by reason of their subscriptions 

 being two years in arrear. In accordance with the Council's 

 recommendation a considerable saving has been effected in the 

 total administrative expenses, as, excluding special items, the 

 reduction from £457 2s. 7d. to £298 19s. iid., or £158 2S. 8d. in 

 all may be seen, a quite appreciable difference. During the period 

 under review, however, £403 has been spent in the publication 

 and distribution of the Natal and Grahamstown Reports, whereas 

 last year nothing was spent on publications. The result has been 

 that the total expenditure exceeds the revenue by some £247. 

 If the members who are in arrear had only met their obligations 

 we should have had a small surplus to record, and it would have 

 been possible to refund the loan from the Endowment Fund which 

 was authorised and paid into the current account during the year. 

 Apart from the loan we only owe £20. and there is a cash balance 

 of about £158 IDS. in the bank. The amount of £66 17s. 3d., 

 originally voted for research, but which by the forbearance of 

 the grantees has not been expended, has been written off. The 

 Endowment Fund has been increased by £56, the amount received 

 during the year for entrance fees and a Life Membership fee. 



It is possible and quite probable if the proposal to establish a 

 monthly Journal is endorsed by the Annual Meeting that members, 

 who find themselves unable to attend the annual meetings, will be 

 encouraged to take a greater interest in the Association and its 

 work, and that doing so, their subscriptions will be paid more 

 promptlj^ and regularly. If this should be the case I believe this, 

 the lowest point in our particular depression, has been reached, 

 and that an early improvement may be looked for and attained. 

 The proposal, if adopted, to remove the headquarters from Cape 

 Town to Johannesburg and to thus centralise the work of the 

 Association should also tend towards economy and greater 

 efficiency. 



ROBT. A. LEHFELDT, 



Hon. General Treasurer. 



