BEITISH ASSOCIATION FOK THE ADVANCEMENT 



OF SCIENCE. 



GENERAL TREASURER'S ACCOUNT 



July 1, 1927, to June 30, 192H. 



NOTE BY THE GENEEAL TEEASUEEE. 



I take this opportunity of calling the attention of Members of the 

 British Association to the loss we have sustained by the decisions of 

 the Treasury and the judgment of the High Court in regard to the 

 non-return of Income Tax. We are thus deprived of one-fifth of the 

 income from our Investments. 



I hope that, unless the judgment referred to should be reversed, 

 Members of the Association and all workers in Science throughout the 

 country will join in an effort to obtain special legislation on this 

 matter. 



Our Investments are of two kinds : those made out of the funds 

 of the Association and those given us by generous benefactors. It was 

 hoped by this means to obtain an annual sum which would be of real 

 value for the promotion of research, and at no time was it contemplated 

 to devote so considerable a portion of the resulting income as a tribute 

 to the national Treasury. 



As regards the past session's Accounts it will be seen that we are 

 carrying over a credit balance of £476 5s. Id., and this may appear 

 satisfactory. 



It should be remembered, however, that had it not been for 

 Sir Alfred Yarrow's generous and timely gift this credit balance would 

 have been converted into a deficit. 



By the conditions of that gift, however, we are each year diminishing 

 our capital, and it is to be hoped that future benefactors will bear this 

 in mind. 



In conclusion I beg to thank the General Committee, the Council 

 and the Members of the Association for the consideration they have 

 shown me during my tenure of office and to express my regret that 

 physical disabihty has made my resignation inevitable. 



E. H. GRIFFITHS. 

 July 23, 1928. 



