GENERAL TREASURER’S ACCOUNT 
1930-31. 
In the balance sheet there appears the sum received on account of 
donations to the Centenary Fund down to June 30, 1931. I have con- 
veyed the thanks of the Council to all the subscribers, who at that date 
numbered over 500. Certain additional donations have been promised. 
But in view of the general financial situation and the experience gained 
from other public appeals at the present time, it was clearly inopportune 
to press the appeal for the Centenary Fund as strongly as it might have 
been pressed in favourable circumstances, and for the present it would 
seem that the Association can aim at little more than covering its com- 
mitments in respect of the Centenary Meeting itself. Even this object 
has not yet been achieved, for the statement in the balance sheet needs 
amplification. It shows only one-half of the grants for Imperial delegates 
(which will total £3,000) as having been paid, and only a small sum 
(£141 7s.) on account of deposit for the hire of the Central Hall, West- 
minster, and additional clerical assistance, which had been paid down to 
June 30. The income and expenditure account shows increases both in 
receipts from membership subscriptions, and in expenditure upon stationery, 
postages, and general expenses, which are directly attributable to the 
forthcoming meeting ; bat the bulk of the expenditure in connection with 
that meeting will fall within the ensuing financial year. It may, indeed, 
‘be hoped that next year’s accounts will again show a substantial increase 
in membership receipts, for the same reason; but the expenses neces- 
sarily to be incurred must also show an advance which will justify a 
further appeal for an endowment fund as soon as circumstances become 
more favourable. The activities and liabilities of the Association have 
increased, and further endowment will be essential to consolidate the 
position it has attained at the close of its first century. 
The direct comparison between the expenditure for printing during the 
past year (£1,638) and the preceding year (£1,060) is misleading, because 
some of the payments on this account which normally would have fallen 
within the year 1929-30 had been made in the year before, when the 
expenditure on printing was shown as £2,882. The figure for the present 
year, therefore, should be compared with the average for the two pre- 
ceding years, £1,971, from which it will be realised that actually some 
saving has been effected. 
J. C. Stamp, 
General Treasurer. 
