ANNUAL GENERAL MEETING 



HELD AT THE HOUSE OF THE SOCIETY OF ARTS, 

 MONDAY, MAY 26, 1902. 



The President, 

 Sir George Gabriel Stokes, Bart., LL.D., D.Sc, F.K.S., 

 IN THE Chair. 



The Secretary, Professor Edward Hull, M.A., LL.D., F.E.S., read 

 the following Report of the Council : — 



1. In presenting the Thirty-Sixth Annual Report, the 

 'Council has the pleasure of stating that the position of the 

 Institute is satisfactory, both as regards membership and 

 funds. Notwithstanding the period of financial stress 

 through which this country has passed during the year 

 1901 — when increased taxation and reduced income have 

 pressed lieavily on the classes Avhich are the chief supporters 

 of the Institute — we are able to show an increase in both 

 directions. The stated credit balance of £18 Zs. Id. for the 

 previous year (1900) was obtained by placing the sum of 

 £196 9s. arising from the sale of £200 Consols of the 

 Reserve Fund to the " Receipts." But if this sum, which in 

 reality reduces our resources, had been omitted there would 

 have been a deficit of £178 10s. 10^?. For the past year, 

 when there has been no sale of Reserve Stock, the deficit 

 only amounts to £10 11.?. od. ; so that the Institute is really 

 in a better financial position than on the last day of 190(3. 

 It should also be mentioned that we commenced the present 

 year without debt of any kind. 



2. As regards Membership, there has been an increase 

 in the immber of Annual Associates to the extent of 31, 



