in the completion of the volume for 1910 caused corresponding charges for this 

 previous volume to be carried forward to the beginning of the year 1911. The 

 total expenditure shown in the balance-sheet is therefore approximately equal to 

 the cost of the volume just distributed to subscribers. This expenditure remains 

 within the income, thanks to the generosity of the Carnegie Trust for the Uni- 

 versities of Scotland, who have given to the Society the five plates illustrating 

 Carboniferous Fishes. 



During the past few years the Council have sold to subscribers at a reduced 

 rate a large amount of surplus back stock, for the storage of which they could no 

 longer find room. The demand for this stock having ceasad, and the number of 

 copies yet remaining, especially of the older volumes, being either imperfect or 

 unsaleable, the Council have been compelled to send a considerable amount of 

 surplus stock to the paper-makers for destruction. They have, however, taken 

 special care to keep an ample supply of all the monographs which are in constant 

 demand, and have also retained all the complete copies of the volumes from 

 No. 50 onwards. 



The thanks of the Society are due to the Council of the Geological Society for 

 permission both to store the stock of back volumes, and to hold the Council 

 Meetings and the Annual General Meeting in their apartments. 



In conclusion, it is proposed that the retiring members of Council be Mr. 

 William Hill, Mr. Hopkinson, Mr. Woods, and Mr. Young; that the new members 

 be Miss Crosfield, Mr. George Barrow, Mr. H. R. Knipe, and Prof. W. W. Watts ; 

 that the President be Dr. Henry Woodward; the Treasurer, Dr. G. J. Hinde; and 

 the Secretary, Dr. A. Smith Woodward. 



Annexed is the Balance-sheet, 



