Vol.51.] ANNUAL REPORT, ix 



checking the exact number of Fellows, both by the List and the 

 books, as the growth in the number of non-Contributors concerning 

 whom no information was forthcoming had, apparently for many 

 years past, constituted a great drawback in compiling the annual 

 statistics. The result of this systematic checking shows that, at the 

 end of 1894, the total number of Fellows, Foreign Members, and 

 Foreign Correspondents was 1321, 305 of these being Compounders, 

 8(52 Contributing Fellows, 75 non- Contributing Fellows, 40 Foreign 

 Members, and 39 Foreign Correspondents. 



At the end of 1893 the Council reported two vacancies in the List 

 of Foreign Correspondents. In 1894 3 Foreign Members and 

 1 Foreign Correspondent died. During that year, however, 3 

 Foreign Members and 5 Foreign Correspondents were elected, 

 leaving at the end of the twelvemonth yet one vacancy in the List 

 of Foreign Correspondents. 



Turning now to the usual Summary of the Society's Income and 

 Expenditure, the Council have to state that the total Receipts during 

 1894 amounted to £2643 5s. 10d., being £96 10s. 4d. more than 

 the estimated Income, while the total Expenditure in the same 

 period amounted to £2656 2*. 8d., exceeding the estimated Expenses 

 by £171 5s. 4d., and the actual Income by £12 16*. Wd. in 

 accordance with Section XIII. of the Lye-Laws, art. 24, this Meeting- 

 is requested to give its sanction to this small excess of Expenditure. 



The Council would not have had occasion to report even this 

 small excess of Expenditure over Income, had not an unforeseen 

 expenditure of £96 7*. been necessarily incurred for the new boiler 

 connected with the heating apparatus at the Society's Apartments. 

 Until well past the middle of the Session of 1894 there had been no 

 reason for inferring that this expenditure would become necessary. 



In their last Annual Ileport the Council stated their opinion that 

 the time had arrived when the question of safeguarding by invest- 

 ment the interests of Compounders might be reopened. 



This led to the appointment of a Finance Committee, which held 

 many sittings, and received much assistance from the statistics 

 carefully compiled by one of your Vice-Presidents, Dr. G. J. Hinde. 

 After long and careful deliberation the Committee came to the 

 conclusion that the Composition Fee should be raised to £35, as from 

 November 1st, 1894 ; and the Council, and subsequently the Fellows 

 at a Special General Meeting, endorsed this conclusion. 



The Council announce with regret the resignation of the Treasurer, 

 Prof. Wiltshire, who for thirteen years has carefully watched over 

 the Society's finances and husbanded its resources. 



In announcing the completion of Volume L. of the Society's 

 Quarterly Journal and the commencement of Volume LI., the Council 

 have further to state that the List of Additions to the Library will no 

 longer appear as a part of the Journal, It will be printed annually 

 and distributed to the Fellows as a separate publication, and in such 

 a form that its usefulness will be much enhanced. It will consist 

 of a list of titles under authors' names, supplemented by a classified 

 index of subjects and localities. The Council expect that the first 



