the position of the Society may be considered to be quite 

 satisfactory. 



The amount received from the current year's subscriptions 

 is again a record, 545 subscriptions having been received 

 as against 488 in 1919, an increase of 57. The amount of 

 subscriptions in arrears has again decreased from £84 3s. 0(/. 

 due from 47 subscribers to £67 6s. Od. due from 42 subscribers. 

 Admission Fees amount to £35 lis. Od. more than in 1919. 

 The result of the sale of Proceedings is an increase of £27 25. 3d. 

 on that of the jirevious year. The donations in aid of the 

 Publications are in excess of those of 1919 by £122 Os. 9(7., 

 for which the donations mentioned in the Council's Keport 

 are chiefly responsible. The gratitude of the Society is due 

 to these generous donors. 



The total income, chiefly owing to the above-mentioned 

 items, shows the large increase of £321 16s. 9d. 



About two years ago the General body of Fellows assembled 

 at an ordinary meeting passed a resolution asking the Council 

 to provide Tea after the meetings without any cost to the 

 Fellows. It was felt by the Council that this should be done 

 when circumstances permitted, and as the Society is now in 

 possession of its own home it seems a fit and proper time in 

 which to commence to offer this hospitality to the Fellows 

 and guests. The tea fund will therefore disappear in future. 



The payments side of the balance sheet shows a large increase, 

 which includes for salaries £15 16s. 6d. Several valuable 

 books which the Library urgently required have been purchased 

 out of the Library Fund, the cost of new Books has increased 

 by £33 6s. lid. Binding and Eepairs to the Books have cost 

 £35 14s. lOd. more than in 1919. I fear the present state of 

 the Library will necessitate a considerable sum being spent 

 upon repairs in the near future. The cost of Printing is over 

 £200 less, but this is accounted for by the publications issued 

 in 1920 consisting of matter concerning that year only, whereas 

 a considerable portion of the publications which should have 

 appeared in 1918 were issued in 1919 as well as the whole of 

 the publications of the later year. Sundry printing, stationery 

 and postage are accountable for considerable increase. 



I regret that the Society's Printers have increased the cost 



