PROCEEDINGS 
THE GEOLOGICAL SOCIETY OF LONDON. 
Vor. III. 1840. No. 68. 
AT THE 
ANNUAL GENERAL MEETING, 
21st February, 1840. 
Tue following Report from the Council was read :— 
It is with great satisfaction that the Council are again enabled to 
congratulate the Society on the increased number of its Fellows, 
which, at the close of 1838, was (exclusive of Honorary and Foreign 
Members, and Personages of Royal Blood) 742. During the year 
1839, 36 new Fellows were elected and admitted, besides 7 more 
who had not before paid their admission fees, making an addition 
of 43 new Fellows, whilst during the same period there were 9 deaths 
and 8 resignations, which leaves an absolute increase of 26, thus 
making the total number of Fellows at the close of 1839, 768. On 
the other hand, during the same year the number of Foreign Mem- 
bers was diminished by 2, there having been 3 deaths and only one 
election. The number of Honorary Members and Personages of 
Royal Blood remains the same as at the last Anniversary, viz. 40; the 
total number of Members is therefore increased from $31, the num- 
ber at the close of 1838, to 855. 
In directing the attention of the Society to the state of the Fi- 
nances, which show an excess of Expenditure over Income to the 
amount of 346/. 14s. 2d. during the last year, the Council consider 
it their duty to state that this excess has been mainly caused by the 
expense incurred in preparing for publication the part of the Trans- 
actions now on sale, the whole of which excess may therefore be 
considered as capital vested in the Stock of Transactions. At the 
same time they feel it their duty to observe, that the expenses of the 
year 1839 have been considerably within the estimates prepared and 
laid before the Society at the last Anniversary. 
The whole amount of the three compositions received during the 
last year has been funded, although one Compounder has died during 
that period. It will thus be seen that the Council steadily persevere 
QZ 
