produced in cash £14 i!s. Od., which is practically the same as in 

 1918, and I have valued the arrears at the end of 1919 on a very- 

 conservative basis at £5 only, a sum which I feel confident will be 

 easily reached. 



Fourteen Entrance fees and 1 Life Membership fee have been 

 received, and added to the Suspense Account. The balance to the 

 credit of this account now reaches a total of £57 17s. 6d., and this 

 sum, as stipulated by the donors to the Publication Fund already 

 alluded to, will be invested in the name of the Trustees for the 

 benefit of the Society. 



Sales of " Proceedings " show a very gratifying increase, and I 

 believe constitute a record. The receipts under this head being 

 £6 3s. 7d. against 5s. 8d. last year. 



In conclusion I should like to thank members for the kind way 

 in which they have assisted me in my new and unfamiliar duties by 

 paying their subscriptions promptly, and to express the hope that 

 they will continue to do so. Possibly it has never occurred to some 

 of them that 75% of a Treasurer's work is due to unpaid subscrip- 

 tions ; and that it takes up far less of his time to tell a member who 

 is not quite sure whether he has paid or not, than to go through the 

 list of members and send out applications to all those who have 

 not paid. It would also help considerably if members whose 

 addresses are incorrectly given in the published membership lists 

 would send in their correct addresses. The audited Balance Sheet 

 is attached. 



