42 Annals Entomological Society of America  [Vol. XIV, 
SECURITIES HELD. 
First Liberty Loan, No.’B00911757........ Aiea eran: ol eas a ane a $ 50.00 
Second ibentys oan wNo. BO2ZI87752 ore colette blu oan a ee 50.00 
‘Third Debertiy Doan, No. S876 278.9: si 0 2 Mee ie aes ees as evcid Sie eee 50.00 
‘TLhird liberty: Goan, INO; SS7O200%., 2 4 ayctie ace cement ee Censor tis rhe eee een te 50.00 
Third Mesibenty ls oan); INO: 981028 Ott iyahee mine Meretseiies oc coaractyarmec Reet eee 50.00 
‘RhirdeMibenty Loan, No, 42082005 i4 acl haan santa nae tee Antena 100.00 
hicdLaberty oan, No s4203 2a ken Bienen ween ets rr eve reg ee a 100.00 
BPourthdaiberty Loan, Noy 49045 4 ane ee 2 eee ee ee ee 100.00 
HMourth Liberty: Loam vos 7alin a7 eos ators hie cee eee er rece teats 50.00 
Bourthsbibertyalcoan eNO OOD OF Tracer ehh ey Seen ete ee aie eae 50.00 
Fourth Libertyaloams Nios Tabs OU ete ie la) nthe cena rte eset tithe 50.00 
Wietory liberty loan wNOsAlDOZ 500 weenie Sere en eae tees Ds cote 50.00 
Nine Wart Savingons camps, snes ent avalltles oc sere et st yi eterna een Gees 40.23 
Balance ,carmed tigiGungent Fund) 92 22 el eee. oes ok er nn ee 4.86 
A of rez a are ae RS pO RME AM ty erie ea ak eRe ot a hes Rt Metta A oh is nts Bre lic uch $795.09 
Respectfully submitted, 
J. M. Avpricu, 
Secretary-Treasurer. 
December 21, 1920. 
REPORT OF THE MANAGING EDITOR. 
It may be said that the conditions for publication of the ANNALS 
have been somewhat as in the previous year and delays in the appear- 
ance of the various numbers has been due to difficulty in the matter of 
paper and printing, which we hope will be improved for the coming 
year. The Managing Editor has endeavored to secure the opinion of 
other members of the Editorial Board and of the Executive Committee 
with reference to the policy of increasing the subscription price and 
membership fee so that a larger journal may be issued with the result 
that no very definite conclusion can be offered at present. The Editorial 
Board would all like to see a larger and more fully illustrated journal 
but do not all agree as to the advisability of increasing the price of the 
journal. While there seems to be good argument in favor of increasing 
the price so as to correspond with other journals of about equal size 
and probably somewhat nearer the same circulation, we must recognize 
the possibility of a reduced circulation if the price is much increased 
and it would seem wise if any increase is made that it should be made 
large enough to offset any possible shrinkage in subscriptions or 
membership. 
. The expenses of the office have been kept down to a very moderate 
figure, smaller perhaps than can be expected in the future; however, 
accounts that will be due for reprints issued will help somewhat in the 
coming year’s accounts. We have been favored by a number of the 
authors of papers in the current year’s volume who have agreed to meet 
the cost of plates and in a few instances have paid for some additional 
expenses for their published articles. This has made it possible to issue 
a number of articles much more promptly than would have been possible 
without such assistance. 
