GENERAL TREASURER’S ACCOUNT 
1933-34 
THE outstanding incident during the financial year ending March 31, 
1934, was the presentation to the Association of the sum of £1,000 on 
behalf of the Leicester Committee, being the balance in excess of 
expenditure on the fund raised (as usual) locally in connection with the 
Leicester Meeting. ‘This gift, which is more fully referred to in the 
Report of the Council, is to be regarded as an unprecedented compli- 
ment to the Association, for hitherto balances (if any) on local funds 
have been disposed of by local committees themselves, although in 
two instances (Liverpool and Oxford) they have been devoted to the 
assistance of students attending Association meetings. 
The payment of the legacy from Sir Charles Parsons reminds us of 
all that the Association previously owed to this splendid benefactor. 
Apart from this and other matters mentioned in the Report of the 
Council there is little to report in matters of detail. In my report 
last year I expressed the hope that the excess of expenditure over 
income on account of Down House would not recur, thanks to the 
generous gift of the Pilgrim Trustees ; and this hope has been fulfilled. 
I also stated that the growth of advertisement revenue, under the then 
existing conditions of depression, could not be expected to continue ; 
and the revenue from this source is in fact seriously diminished. 
The usual practice of furnishing in the year’s accounts comparative 
figures for the preceding year is intermitted in the present instance 
because the accounts presented last year, owing to the change of dates 
for the financial year, covered a period of nine months only, and com- 
parisons would therefore be of no value. The practice will be resumed 
next year. 
The form in which the accounts are presented has been altered so 
as to bring more readily to the eye the position of the various funds 
administered by the Association. In working out this new scheme, 
occasion was taken to note certain legacies and other gifts which, not 
being given for special purposes, have not appeared individually in the 
accounts since the years in which they were received, In this year of 
meeting at Aberdeen, where the Prince Consort presided at the first 
meeting, in 1859, it is appropriate to recall that in 1846-7 he made 
a donation of £100 to the Association. ‘The list of legacies, apart 
