The cost of practically the whole of the items of expenditure 

 which the Society has had to incur in purchasing and fitting 

 up the new home being now known, the Sub-Committee can 

 confidently say that the estimated cost of the scheme, i. e. 

 £10,000, will certainly not be exceeded, and there is a proba- 

 bility of the total required being less than this sum. 



The Sub-Committee deeply regret that owing to ill-health 

 they have been deprived of the valued co-operation of their 

 Chairman, the Honble. N. C. Rothschild, during the greater 

 portion of the time in which their work has been carried out. 

 They have co-opted Messrs. E. C. Bedwell, G. Bethell and 

 W. Gr. F. Nelson, who have rendered very valuable service, 

 and to whom the thanks of the Society are due. 



The Librarian reports : — 



That 398 Volumes have been issued for Home reading as 

 against 357 Volumes last year. The Library has also been 

 largely used for the purpose of reference. 



Thirty-five Volumes and a large quantity of Separata have 

 been added to the Library, mainly by presentations. Among 

 the purchases the acquisition of Seitz's " Macrolepidoptera of 

 the World," and Culot's " Noctuelles et Geometres d'Europe " 

 are worthy of note. 



The Report was adopted on the motion of Mr. H. J. Turner, 

 seconded by Mr. Stanley Edwards. 



The Treasurer's Report. 



The Treasurer then read the following Report :^ 

 The year 1920 will always be memorable in the annals of 

 the Society by reason that after at least seventy years of 

 almost constant efiort, it has at last succeeded in permanently 

 solving the vital question of providing adequate housing 

 accommodation. This question is dealt with in the report of 

 the Housing Sub-Committee, and it is only necessary for me 

 here to touch upon one or two asjiects of the finance involved. 

 Of the sum, £10,000, asked for by the Council to finance the 

 scheme, £8514 18s. 6d., including £3404 18s. Qd. donations, 

 was promised up to December 31st last, and of this amount 

 ^7825 18s. Qd, h^d been received. 



