XV 



and we sold a larger number of copies, with an increased benefit to 

 the funds of nearly £2 ; but donations were again needed to enable 

 us to meet our liability under this heading without unduly weaken- 

 ing our balance at the bank, and I am very grateful indeed to those 

 gentlemen who so nobly responded with practical assistance. 



The balance sheet shows the Society to be in a sound and satis- 

 factory position. Investments appear at cost, which was roughly 

 96i, and as 5% War Bonds are worth to-day just about 93|, the 

 depreciation on the £60 worth we hold amounts to a matter of a 

 couple of guineas only. Subscriptions in arrear have been carefully 

 valued at £8, and will I hope bring in substantially more ; while 

 all the various accounts show a balance on the right side. The 

 total shows an excess of assets over liabilities amounting to 

 £123 14s. 7d. 



Having now mentioned the more noteworthy items in my 

 figures for 1921, I will not bore you longer, but I should like to 

 thank the officers and members of the Society very heartily for their 

 very kind help during the past twelve months, and with your per- 

 mission will conclude by reading the statement of accounts in 

 detail, as vouched for by your auditors, Messrs. E. Step and T. W. 

 Hall. 



