Ixxviii REPORT — 1894. 



REPORT OF THE COUXCIL. 



Report of the Council for the Year 1893-94, p?*esa2^?:t to the General 

 Committee at Oxford on Wednesday, August 8, 1894. 



The Council have received reports from the General Treasurer duriiiir 

 the past year, and his account from July 1, 1893 to June 30, 1894, wliieh 

 lias been audited, will be presented to the General Connnittee. 



As the amount of money voted for grants has been subject to con- 

 siderable fluctuations, and as the expenditure on printing is apt to 

 increase unless carefully watched, the Council appointed a Committee to 

 report on the desirability of equalising the grants made for scientific- 

 purposes in diflerent years, and of making, if possible, still further 

 reductions in the expenditure on printing. 



The Council received and adopted the following Report from their 

 Committee. 



(1) That it is not desirable that the Invested Fund<! of the Association be 

 increased, and that the floating balance in the bands of the Treasurer 

 might be diminished if the bill for printing, which is now due, were paid 

 out of Capital. The Committee therefore recommend that a sufficient .sum 

 be taken out of Capital to allow this to be done. 



(2) That the Treasurer be requested to continue the practice, which he bc^raii 

 at Nottingham, of presenting to the Committee of Recommendations, at 

 their second meeting, an estimate of the receipts and expenses of the 

 Association for the current financial year. 



(3) That it is not advisable to lay down any definite rules as to the amount to 

 be expended in grants, but that as far as circumstances permit the following 

 regulations should be adhered to : — 



(a) That 1,000Z. be at present regarded as the normal annual grant in aid 

 of research. 



()3) That this sum be annually granted, unless the estimated floating 

 balance in the hands of the Treasurer at the end of the current 

 financial year is less than 500Z. or greater than 1,000/. 



(7) If the estimated balance falls short of '>QQl , it is desirable that the 

 grant should be reduced. If it exceeds 1,000Z., the excess ma}' lie 

 regarded as available for increasing the grant above 1,000/. 



(8) In the case of a sudden increase of the floating balance above 1,000/.. 

 due to an exceptionally large meeting, it is not desirable that the 

 whole of the surplus should be spent at one meeting. 



(•4) That in view of the large annual expenditure on printing, the Committee 

 recommend that the attention of Committees to whom grants of money 

 are made be drawn to the importance of economy. Good service would bo 

 rendered to the Association if members of Committees would remember 

 j that they are severally responsible for the reports, and would do their best 



to make them as short and inexpensive as is consistent with their utility. 



In accordance with the recommendation that tlie printer's bill then 

 due should be paid out of Capital, the Council authorised the Trustees to 

 sell an amount of stock sufficient for this purpose. 



