TREASURER S AND LIBRARIAN S REPORTS. V 



continent of Europe. It is hard to say what it will mean 

 having supplies from Germany cut off, for from tiiat country 

 alone have come many of our necessary chemicals. On this 

 continent it is evident that research is increasing in quantity 

 anil quality, coming not only from the universities Imt from 

 governmental and endowed research laboratories and from 

 those of private corporations, such as the General I'^lectric 

 Co., from the research laboratory of wliich I noticed recently 

 a publication of which one of our life members was a co-author. 

 You will have reports presented to you from our Librarian 

 and Treasurer, and from these you will see that we may have 

 serious financial difficulties ahead of us. We must endeavor, 

 however, to continue publishing the Transactions, not only 

 for the sake of the Institute and the work of our members, 

 but to act (as we have acted in the past) as the stimulus 

 to scientific work in this Province by publishing the first 

 research paper of many a student, who, receiving encourage- 

 ment in the atmosphere of the Institute, leaves to make 

 research his life work in the larger world of opportunity 

 outside our shores. 



The Treasurer, M. Bowman, presented his annual report, 

 showing that the receipts for the year ending 21st October, 

 1914, were 81,742.28; the expenditures, $1,588.28; the balance 

 in current account, $154.00; the reserve fund, $311.90; and 

 the permanent endowment fund, $1,000, the latter being now 

 invested in Maritime Telephone Co. 6 per cent, bonds. The 

 report, having been audited, was received and adopted. 



Dr. a. H. MacKay reported that he had interviewed the 

 Government, and urged the restoration of the money grant 

 which had been received by the society for many years, and 

 he felt there was a disposition to assist in some way. 



The Librarian's report was presented by H. Piers, showing 

 that 1,766 books and pamphlets had been received by the 

 Institute through its exchange list during the year 1913; 



