10 
difficulty they might get some of the accumulated funds of the 
Highland and Agricultural Society. He thought it was quite 
within the scope of that Society to make such a grant for the 
endowment of the Chair of Forestry. 
Professor BayLtey Batrour said he was sure they would all 
be glad if they could get hold of some of the accumulated funds 
Mr Leslie had mentioned; and he trusted Mr Leslie would use 
his influence with the Highland Society to get it to make a 
liberal grant. 
THe TREASURER’S REPORT. 
The TREASURER stated that there was a balance brought forward 
from last account of £32, 15s. 9d., and that the income for the 
year 1891, including £98, 3s. 6d. of Annual Subscriptions, 
amounted to £131, 16s. 
These two sums, together with an overdraft from Bank, met the 
expenditure on Printing, Stationery, Prizes, Office Rent, Salary, 
Postages, etc., which amounted to £187, 14s. 2d. 
The nett funds of the Society amounted to £101, 2s., being the 
amount at credit of deposit account with National Bank of Scotland, 
after giving effect to the balance of operations on current account, 
and adding the cash in hand. 
The Council regretted that they had to show a deficit on the 
business of the year of £55, 18s. 2d., which was, however, to be 
accounted for wholly by the non-payment of Subscriptions, no less 
a sum than £58, 16s. 6d. of arrears having had to be written off as 
irrecoverable. 
With the severe purging the roll had thus received, and the 
large accession this year of new members, it was to be hoped that 
no deficit would appear in future years. 
Mr James Cook, Arniston, Gorebridge, moved the adoption of 
the Report, which was agreed to. 
Tue Prize Essays AND AWARDS. 
Mr Anprew Stater, Overseer, Haystoun, Peebles, Convener 
of the Judges, then read their Report on the Essays, and the 
following Awards were made in accordance therewith,—the 
sealed envelope accompanying the Essay being opened by the 
Secretary, and the author’s name announced to the meeting. 
