iS PROCEEDINGS OF THE GEOLOGICAL SOCIETT. 



The statement of the Society's Income and Expenditure during 

 1890 may be summarized briefly as follows: — 



During that year the total lleceipts on account of Income (not 

 including the proceeds of sale of Stock for re-investment) amounted 

 to £3034 8s. Ic?., being £354 3s. 5d. more than the estimated 

 Income for 1890. On the other hand, the current Expenditure of 

 that year (leaving out of account sums expended in purchase of 

 Stock and re-investment) amounted to £2429 16s. 2d., being 

 £213 13s. 10c?. less than the estimated Expenditure for 1890. The 

 actual excess of lleceipts over Expenditure during that year there- 

 fore amounted to £604 11*. llcZ., and the Balance in favour of the 

 Society to £433 1 7s. 6d. 



A re-investment of Stock was made in the following manner : — 

 £5230 17s. Gd. of Consolidated 2^ per cent. Government Stock was 

 sold, realizing £5139 6s. dd. There was then purchased £2000 of 

 London and North-Western Railway 4 per cent. Consolidated Pre- 

 ference Stock costing £2575 13s., and £2000 of London and South- 

 western Railway 4 per cent. Consolidated Preference Stock costing 

 £2563 2s. Sd. Further, the following small investments were 

 made : the sum of £97 12s. 6d. was expended in the purchase of 

 £100 of Consolidated 2| per cent. Government Stock, and the sum 

 of £322 17s. 6d. in the purchase of £250 of London and North- 

 Western Railway 4 per cent. Consolidated Preference Stock. 



The Council desire to record the completion of Volume XLVI., 

 and the commencement of Yolume XLYII. of the Society's 

 Journal. It is fitting to mention in this place that the task of 

 editing the last two numbers of Vol. XLVI. was undertaken by 

 Professor T. Rupert Jones, E.R.S. 



The Council wish moreover to announce that the late Mr. 

 Ormerod's Third Supplement to his Index to the Publications of 

 the Society has now been published. 



The Society during the past year has suffered two great losses by 

 the death of its distinguished Foreign . Secretary and its faithful 

 Assistant Secretary. Sir AVarington Smyth .was one of the oldest 

 and most esteemed Fellows, and up to the very end of his long and 

 active life continued to take a lively interest in the welfare and 

 management of the Society. 



Mr. Dallas, by his long and diligent discharge of his duties, 

 rendered important service to the Society. As an expression of 

 their recognition of this service and of their deep regret at his 

 death, the Council recommended that a sum of £50 should be 

 granted to Mrs. Dallas, and this recommendation was unanimously 

 approved at a Special General Meeting of the Society. 



During the six months which elapsed between the decease of 

 Mr. Dallas and the entrance upon his duties of the present Assistant 

 Secretary, an unusual amount of labour and responsibility neces- 

 sarily devolved upon the Assistant Librarian and the Assistant 

 Clerk, whose services the Council gladly recognize and to each of 

 whom a gratuity of £2o has been given. 



