ANNUAL REPORT OF THE COUNCIL 



FOR THE YEAR ENDING 31st MARCH, 1903. 



READ AND ADOPTED AT THE 



ANNUAL GENERAL MEETING, 



HELD AT THE APARTMENTS OF THE GEOLOGICAL SOCIETY, BURLINGTON HOUSE, 



26th JUNE, 1903. 



Dr. HENRY WOODWARD, F.R.S., President, 



IN THE CHAIR. 



The Council, in presenting their Fifty-sixth Annual Report, have much 

 pleasure in referring to the satisfactory condition of the Society. It is true that 

 the expenditure for the past year exceeded the receipts ; but a considerable balance 

 remained to the Society's credit during each of the two preceding years, and the 

 Council decided to expend some of this surplus in enlarging the volume for 1902. 

 They were thus enabled to publish important new matter which would otherwise 

 have been delayed, and they arranged the Monographs to embraee a wider range 

 of subjects than usual. 



The total income for the financial year was £529 1 fcs. (ul., and the total expendi- 

 ture was £085 16s. 4d., necessitating the removal of £150 Is. lOd. from the 

 Society's balance. This balance amounted to £1127 2s. 2d. on 31st March, 1902, 

 and at the last Annual G-eneral Meeting it was resolved to invest a portion by the 

 purchase of £500 Stock. The Officers, in consultation with the Bankers, accord- 

 ingly purchased £300 Natal 3 per cent. Consolidated Stock, 1929 — 1919, on 3rd 

 July, 1902. The price of this Stock was £l<37 iOs., and the Brokers' charges 



