xxxni 



REPORT OF THE HONORARY TREASURER FOR 

 THE YEAR ENDED MAY 31ST, 1917. 



Ill preseiitiuo- the account of revenue and expenditure and 

 the audited balance-sheets for the year ending May 31st, 1917, 

 I beg to report as follows ; — 



The year that has just closed has been an excellent one, so 

 far as the revenue of the Society is concerned, for, compared 

 with 1916, there has been an increase of £135 15s., made up of 

 interest, £29 3s. 4d., and subscriptions, £106 lis. 8d. 



On the expenditure side the general expenses have amounted 

 to £253 13s. 5d., as against £242 os. 8d. in 1916; the difference 

 being practically accounted for by the increase in grants under 

 Rule 9 and the expenses of the Goold-Adams Medals. 



But in the expenses in connection with the issue of the 

 Journal the nett debit for the year is £363 los. 3d., as against 

 £224 i8s. I id. for the preceding year, an increase of £138 us. 4d., 

 and this, notwithstanding that there has been an increase of 

 £91 in the special contribution towards the publication expenses. 



The great delay in the publishing of the monthly numbers 

 prevents any comparison with previous years, when the publi- 

 cation has been regular, but I would point out that the cost of 

 the Journal as shown does not include the special July number 

 or the ordinary numbers from February to May, inclusive. 



The actual payments made on account of the Journal for 

 the year under review has been £621 17s. 3d., as compared with 

 payments for previous years : — • 



£ s. d. 



1916 357 1/ 9 



1914 230 6 7 



1912 426 14 5 



£ s. d. 



191.S •• 478 17 8 



1913 (II months) 259 5 4 



1911 256 19 II 



The Endowment Fund has been increased by a sum of £90, 

 being the amount of Life Members' Composition for the year. 



The Medal Fund balance now stands at £1,440 17s. 3d. 



With the balance-sheet I enclose the trustees' statement as 

 to how the Endowment Fund and Medal Fund assets are in- 

 vested. 



A. Walsh, 



Treasurer. 

 June 2'jth, 1917. 



