48 Field Naturalists' Club — Proceeding's. [^"^^juu'^'"' 



The following statement of assets and lial-)ilities was also 



read : — 



Assets. 

 Balance ... ... ... ■•• ;^I24 4 8 



Less due London Bank ... ... ... 33 o o 



£9^ 4 '*^ 



37 2 5 



150 o o 



^^278 7 I 



Arrears of Subscriptions {;^47), say .>. ... 37 2 5 



Library and Furniture (Insurance Value) ... ... 150 o o 



Liabilities. 

 Subscriptions to Club and Naturalist, paid in advance ... ^3 o 6 



The report was received, on the motion of Dr. Hall, M.A., 

 seconded by Mr. A. H. E. Mattingley, C.M.Z.S., and in the 

 discussion which followed, Mr. D. Best, one of the auditors, 

 said that there was one point only to which he thought it his 

 duty to draw attention, and. that was the loss on the year's 

 transactions of about £50. ■- Without feeling alarmed, he 

 desired to caution the incoming committee to exercise economy 

 in order to keep the credit balance uppeimost, and suggested 

 that less money be spent on the library. Mr. Mattingley re- 

 marked that the Club had over £100 to its credit in the Savings 

 Bank, which, he thought, should be fixed as a permanent 

 deposit bearing interest. Dr. Hall disagreed with the last 

 speakers, if their idea of economy meant impoverishing the 

 Club's literature. No better way of using the money within 

 reason could be found than to procure the necessary reading 

 matter and to bind it. Much useful literature remained unread 

 in many libraries for want of convenience in handling in its 

 unbound condition. 



Mr. Barnard said that, as editor, he felt himself somewhat 

 responsible for some of the increased expenditure, as the journal 

 this year had cost more to produce, owing to the increased 

 number of pages and illustrations ; but, on the other hand, it 

 was an improved journal, and was worth the expense. 



Mr. Coghill claimed that his policy as treasurer was to be as 

 liberal with money required for the improvement of the Club 

 as he could consistently with the desire to improve the credit 

 balance. The increased expenditure would be justified by a 

 better library attracting members. He had not, owing to 

 pressure of private business, been so energetic in getting in 

 arrears of subscriptions, but this would be remedied during 

 the ensuing year. 



The hon. secretary said that if the treasurer had been less 

 energetic in the preceding years the drop in the amount of 

 subscriptions received during the past twelve months would 

 have been less noticeable, if at all. The present case only drew 



