INTRODUCTORY PROCEEDINGS. xxxi 



The Secretary: — You all have copies of the printed report before you. The 

 financial situation and the situation regarding membership are the important features. 

 We come to the meeting with a larger membership than we have ever had before. That 

 is very satisfactory. Then turn over to the page relating to our finances. With respect 

 to the disbursements, we have been able to show some economy, mainly in the cost of the 

 publication of the volume of Proceedings. While it is true that part of the saving, some 

 $1,600, is due to the fact that the volume of our Proceedings is really not so expensive to 

 publish as the preceding volume, at the same time those in charge were most careful in the ex- 

 penses of publication. Another fortunate feature was that last year our banquet, instead of 

 showing a debit, showed a credit, this being mainly due to the large attendance. 



It is also satisfactory to state that from the funds received we were able to lay aside 

 another $1,000 in the form of a certificate of deposit. 



On the last page, in the statement of resources and liabilities, the first account showing 

 the amount of dues uncollected is larger than this account was last year, the amount this 

 year uncollected being $2,262 as against about $1,700 last year. I may say that this state- 

 ment is usually made up as of November 1, and since that time we have collected $550, 

 which leaves the balance of uncollected dues about normal, and about the same amount as 

 last year. 



The cash balance on hand this year, as of November I, was $3,236.10, which is $1,400 

 larger than last year at the same time. 



Under the head of "Liabilities" one account requires explanation, namely, the Panama 

 fund, in which we show a liability of $515. This is explained by the fact that during the 

 current year we have received from the membership at large, as shown under the heading 

 of "Receipts," the sum of $1,015, to be applied towards the guarantee fund of $2,000, the 

 amount to which our Society obligated itself in connection with the possible expenses at San 

 Francisco. Last year, before we had received any fund for the purpose from the mem- 

 bers of the Society, the amount of $500 was contributed by authority of the Council to 

 those in San Francisco, so that this liability of $515 is the difference between the amount 

 actually collected, namely, $1,015, and the amount of $500 that has already been forwarded 

 for that purpose. 



With these explanations, I think the report is quite clear. 



The Chairman : — Gentlemen, you have heard the report of the Secretary-Treasurer. 

 What is your pleasure? 



On motion, duly seconded, the report was adopted. 



The Chairman : — We will now proceed to the next item in order. Will the gentle- 

 men rise — In Memoriam. The Secretary will read the list of the names of those who have 

 passed away during the past year. 



The Secretary read the list of names of deceased members while the members present 

 stood. 



The Chairman : — The next business in order is the announcement of the election of 

 Members of Council, Associate Members of Council, Vice-Presidents, Executive Committee, 

 Secretary-Treasurer, etc. 



