136 Proceedings. 
not complied with the conditions of incorporation. The President then 
moved the following resolutions, which were seconded by Mr. M. A. Eliott, 
and carried :— 
(1.) That in the assessment of the said proportion of one-third or one- 
sixth, as the case may be, any incorporated society shall be entitled to 
include any special levy made ME the Institute to defray or to help to 
defray e v of the Trans 
(2. That Regulation 4 wet as follows: “In the case of any society 
Боны as aforesaid which shall in any one year have failed to expend 
the proportion of revenue specified in Regulation No. 3 aforesaid in manner 
provided, the Institute shall, unless it is satisfied that special circumstances 
have been shown to justify a temporary delay, declare the said society 
о be disincorporated, and that society shall from henceforth cease to 
MSN with the Institute." 
Bird-life Destruction.—Correspondence with the Hon. the Minister of. 
Internal Affairs, dated 22nd and 29th December, 1922, was read. It was 
resolved to approach the Minister again on this matter. 
Prize.—On the motion of Mr. Eliott, seconded by Dr. Chilton, it _ 
was а That the amount of the next Hector Prize be £45. 
Hon. Treasurer s Reports: Trust Funds Management.—On the motion of 
Mr. Eliott, seconded by Professor Segar, it was resolved, That half of 1 ре 
cent. of the capital invested on account of the Carter, Hector, Hutton, à 
Hamilton Trust Funds be contributed by these funds towards the cost di 
administration. 
Hon. TREASURER's REPORT. 
statements of receipts and expenditure and dssets and liabilities show РЕ 
the funde of the Ins " itute are in a much better position than they were at this 
last year. This is mainly due to the fact that £1,750 has been received from “the 
Government (£750 balance due for 1921 and £1,000 due for 1922), as against only 
re i i 
Volume 54, Transactions. ое манс to the Publication Fund also helped 
to vua а Mc by £188 4s. 5d. ; the other hand, the sale of publications was 
£46 less, - incorporated soletis: jevy $ 264 less, than in the previous year 
The increased revenue enable to pay the [гинен ын сат? а considerable 
portion of. the amount due to him. “Oh the 3lst December, 1921, the amount owing 
was £1,740 11в. 8d. ; this has now been reduced to £304 10s., £1,450 having been paid 
off during e yea 
The work in оданда» with the handling of the Mrd trust funds controlled by 
the Institute mer up a € deal of the — е the Assistant Secretary, and it appears 
to me that it would be ri right t and mn t a portion o x ^de d alary paid her should 
be contributed by the various funds. qm half of 1 per cent. of the capital inves 
was so paid it would produce about £35 per annum, which, I consider, would be a fair 
and reasonable charge to make. It poe mean that the net interest earned by the 
ring the has opened à 
of books under the double-entry tree This wi "n sible t ‘he financial position e the 
Institute to be promptly and aceurately ascertained at any time, and also preven 
: E rA 
nien as well as greatiy assisting the. auditor and myself in 
ки over the balance-shee 
Trust Accounts. 
эө а result of the ghey of the Board in deciding to invest the Carter Bequest, 
Hector, Hutton, and Hamilton Memorial Funds in New Zealand Government inscribed 
stock (Discha pang Soldiers Settlemen t Loan), — trust funds are earning considerably 
more revenue, and are in a very healthy conditio 
Carter Bequest.—This nies the year with a К balance in the revenue account 
of £21 10s. 9d. The sum of £301 5s. was earned i rest during the Lyn — 
£271 3s. 5d. of which was reinvested in further кы stock, and the Reve 
