THE VICTORIAN NATURALIST. 63 



The following statement of assets and liabilities was also 

 read : — 



Assets. 



Balance in Banks ... ... ... ... ^105 17 9 



Arrears of Subscriptions (;^37), say ... ... 25 o o 



Library and Furniture (Insurance Value) ... ... 130 o o 



;^26o 17 9 



Liabilities. ^~"^~~~" 



Subscriptions paid in advance ... ... ... ;^i6 13 o 



The financial statement having been received, the chairman 

 moved its adoption, which was seconded by Mr. F. Pitcher, and 

 carried. 



president's address. 



The president, Mr. F. G. A. Barnard, then delivered the 

 following address : — 



" The First Quarter of a Century of the Field 



Naturalists' Club of Victoria. 



" Ladies and Gentlemen, — In trying to think of a subject for 



a presidential address, the penalty which the president is 



expected to pay in return for the honour done him in being 



