corresponding charges for tlie volume for 1911 were carried forward to the 

 beginning of 1912, an analysis of the expenditure presents some difficulty. It is 

 anticipated, however, that the total cost of the volume for 1912 will not exceed 

 the income for the year to which it relates. 



Among the members who have died during the past year, the Council desire 

 especially to refer to the Rev. R. Ashington Bullen and Dr. R. H. Traquair. For 

 many years Mr. Bullen was an active member of Council, and he was held in the 

 highest esteem by his colleagues, who mourn his untimely loss. Dr. Traquair was 

 the distinguished author of two important monographs of Devonian and Carboni- 

 ferous fishes, which would have been completed in the volume for 1912 had not 

 ill-health incapacitated him for some months before his decease. 



The thanks of the Society are due to the Council of the Greological 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 Mrs. 

 Longstaff, Dr. Bather, and Mr. Upfield Green; that the new members be Dr. 

 C. W. Andrews, Prof. E. J. Garwood, Dr. "Walcot Gibson, and Prof. W. J. Sollas ; 

 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. 



