15 



Against tliis loss, there has heen a gain of four new members, 

 elected in 1887, thereby reducing the loss to four and making 

 the number of members at present in connexion with the Society, 

 71. Of these, however, there are two who are in arrears for 

 three years, and one who has not paid any subscription since 

 1882. The last mentioned, therefore, should be struck 

 oflf the list of Members in accordance with Rule 3. This 

 will reduce the number to 70. Of these, fourteen have 

 not yet paid their subscriptions for 1887, and two are in arrears 

 for 1885 and 1886, making together £8 still due to the Society. 

 The total sum received for 1887 was £27 5s., and for 

 arrears of 1885 and 1886 £1, making altogether £31 5s., while 

 the expenditure for the same period has amounted to £36, 

 thereby reducing the balance to the credit of the Society to 

 £12 12s. Id , of which 13s. are in the hands of the Hon. Treasui'er. 

 This excess of expenditure above income is entirely owing to the 

 cost of printing No. 2 series of the transactions of the Society, 

 viz., £5 10s., as shown in the Financial Statement accompanying 

 this Report. When No. 1 series was printed, a special fund was 

 raised for the purpose, and it may be necessary to adopt a 

 similar course in future. 



W. H. HOESLEY, Col., 



Hon. Treasurer. 

 Canterbury, 



25th January, 1888. 



