REPORT OF THE HONORARY GENERAL TREASURER FOR 

 THE YEAR ENDING MAY 31st, 1921. 



The financial position of the Association is a serious one as, 

 unfortunately, it has been for years. The audited balance sheet and 

 statement of revenue and expenditure is presented along with this 

 report. 



At the end of last financial year the sum of £178 Is. 9d. owing 

 on the Kingwilliamstown Journal had not been met. This amount 

 has been paid out of this year's revenue, and appears as part of 

 the Journal expenditure. To the actual Journal expenses of £740 

 3s. 9d., which includes the £178 Is. 9d. above-mentioned, a sum of 

 £350 has been added as provision for printing the remainder of the 

 Bulawayo proceedings. 



It is very unfortunate that through lack of funds to pay printing 

 expenses the Council has been forced to withhold from the Endowment 

 Fund £131 of life membership fees received during the last two 

 years. This matter should be dealt with by the Council. 



It is possible that unexpected donations or windfalls may benefit 

 the Association during next year, as in certain past years; but in 

 the absence of good fortune of this nature three things will be 

 necessary to put the Association on a sound financial basis. First : 

 an increased annual subscription. This has already been decided on, 

 and from the beginning of next financial year the subscription will 

 be 30s. instead of £1. Secondly : an augmented membership. The 

 increase in the annual subscription will not of itself be sufficient to 

 meet the claims on the Association's funds, unless there is a con- 

 siderable increase in the membership list. The Council ought to decide 

 whether any form of propaganda should be initiated with this object 

 in view. Thirdly : a more prompt and regular payment of the sub- 

 scriptions by the members. At the close of this financial year only 

 520, or 58 per cent., of the members have paid the annual subscrip- 

 tion, and to this have to be added arrears collected from 33 members. 

 This means a falling off of current and arrear subscriptions of £110, 

 as compared with last vear. 



J. A. FOOTE, 

 Hon. General Treasurer. 

 June 25th, 1921. 



