﻿Ixxxi 
  

  

  The 
  Report 
  was 
  adopted 
  on 
  the 
  motion 
  of 
  Dr. 
  Hugh 
  Scott, 
  

   seconded 
  by 
  Mr. 
  H. 
  J. 
  Turner, 
  and 
  the 
  Treasurer 
  then 
  

   read 
  the 
  following 
  Report 
  : 
  — 
  

  

  The 
  dominant 
  factor 
  affecting 
  the 
  Finance 
  in 
  1919 
  has 
  

   been, 
  as 
  it 
  was 
  in 
  1918, 
  the 
  cost 
  of 
  publishing. 
  This 
  has 
  

   been 
  about 
  double 
  the 
  price 
  that 
  obtained 
  previous 
  to 
  the 
  

   War, 
  whereas 
  the 
  income 
  has 
  remained 
  almost 
  stationary. 
  

   Under 
  these 
  circumstances 
  the 
  only 
  way 
  to 
  make 
  both 
  ends 
  

   meet 
  was 
  to 
  reduce 
  the 
  amount 
  of 
  the 
  publications, 
  which 
  

   has 
  had 
  to 
  be 
  done. 
  Apart 
  from 
  this 
  question 
  the 
  financial 
  

   position 
  is 
  satisfactory. 
  

  

  A 
  year 
  ago 
  I 
  ventured 
  to 
  make 
  two 
  forecasts, 
  one 
  of 
  which 
  

   was 
  that 
  I 
  hoped 
  to 
  record 
  as 
  large 
  a 
  number 
  of 
  subscriptions 
  

   paid 
  in 
  1919 
  as 
  in 
  1914, 
  until 
  then 
  the 
  high- 
  water 
  mark. 
  

   The 
  other 
  was 
  that 
  I 
  hoped 
  the 
  amount 
  of 
  arrears 
  of 
  sub- 
  

   scriptions 
  would 
  be 
  reduced 
  during 
  the 
  past 
  year. 
  The 
  

   actual 
  position 
  on 
  the 
  31st 
  of 
  December 
  last 
  was, 
  that 
  in 
  

   1919, 
  488 
  current 
  year 
  subscriptions 
  had 
  been 
  received 
  in 
  

   place 
  of 
  472 
  in 
  1914, 
  an 
  increase 
  of 
  16. 
  The 
  amount 
  of 
  sub- 
  

   scriptions 
  in 
  arrears 
  at 
  the 
  end 
  of 
  last 
  year 
  was 
  £84 
  3s. 
  Od. 
  

   due 
  from 
  47 
  Subscribers 
  as 
  against 
  £147 
  10s. 
  lid. 
  due 
  from 
  

   69 
  Subscribers 
  at 
  the 
  end 
  of 
  1918, 
  a 
  reduction 
  of 
  £63 
  7s. 
  lid. 
  

  

  The 
  total 
  Income 
  in 
  1919 
  was 
  £885 
  15s. 
  lid., 
  a 
  reduction 
  

   on 
  that 
  of 
  the 
  previous 
  year 
  of 
  £40 
  7s. 
  2d. 
  This 
  reduction 
  

   is 
  very 
  much 
  more 
  than 
  accounted 
  for 
  by 
  a 
  reduction 
  of 
  

   receipts 
  from 
  arrears 
  of 
  subscriptions 
  of 
  £109 
  4s. 
  6d. 
  The 
  reason 
  

   of 
  this 
  reduction 
  of 
  course 
  is, 
  that 
  the 
  arrears 
  out 
  of 
  which 
  

   this 
  source 
  of 
  income 
  arose, 
  were 
  in 
  1919 
  only 
  about 
  one-half 
  

   of 
  what 
  they 
  amounted 
  to 
  the 
  previous 
  year. 
  

  

  Admission 
  Fees 
  amounted 
  to 
  £48 
  6s. 
  Od. 
  more 
  than 
  in 
  1918. 
  

   Four 
  Fellows 
  have 
  compounded 
  for 
  their 
  subscriptions 
  as 
  

   against 
  one 
  in 
  1918. 
  The 
  sale 
  of 
  Publications 
  is 
  rather 
  un- 
  

   accountably 
  down 
  by 
  nearly 
  £30. 
  Donations 
  in 
  aid 
  of 
  the 
  

   Publications 
  are 
  very 
  small, 
  amounting 
  to 
  only 
  £4 
  2s. 
  6d. 
  

   Donations 
  in 
  aid 
  of 
  the 
  Tea 
  Fund 
  have 
  been 
  sufficient 
  to 
  place 
  

   it 
  on 
  a 
  sound 
  footing. 
  There 
  has 
  been 
  during 
  the 
  year 
  a 
  

   large 
  and 
  welcome 
  addition 
  to 
  the 
  number 
  of 
  Fellows, 
  now 
  

   about 
  200 
  in 
  number, 
  who 
  have 
  adopted 
  the 
  method 
  of 
  paying 
  

  

  PROC. 
  ENT. 
  SOC. 
  LOND., 
  V, 
  1919. 
  F 
  

  

  