ABSTRACT OF PROCEEDINGS. lxxiii. 



PROCEEDINGS OF THE SECTIONS 



(IN ABSTRACT.) 



SECTION op ECONOMIC SCIENCE. 



The opening meeting of the second session of the 

 Economic Section of the Royal Society took place on 28th 

 May, 1902, when an address was delivered by Richard 

 Teece, Esq. f.i.a., as Chairman of the Section. 



At the monthly meetings papers were read as follows: — 



Date. Author. Subject. 



3 July, Mr. R. L. Nash, "Bank notes v. Government notes. 

 30 July, „ H. B. Bignold, "Imperial Defence." 

 27 Aug., „ A. Duckworth, "The Timber Industry and 



Forests of New South Wales." 

 24 Sept., „ W. Pearse, "The overproduction fallacy." 

 26 Nov., ,, John Plummer, "Some recent co-operative 



developments." 



These papers were discussed by the members of the 

 Section at the meetings subsequent to their being read. 



The following are the officers of the section : — Committee 

 — Messrs. J. Palmer, D. Garment, f.i.a., J. Henderson, 

 F. J. Thomas, A. Halloran, ll.b. Past-Chairman, Mr. 

 Richard Teece; and Hon. Sec. Mr. A. Duckworth. 



ENGINEERING SECTION. 

 During the Session five ordinary monthly meetings were 

 held. 



Meeting held May 21st, 1902. 



Mr. H. G. McKinney, in the Chair. Present twenty- 

 four members and visitors. The Chairman delivered the 

 annual address, his subject being "A comparison between 

 Government Initiative and Private Enterprise in the con- 

 struction of Engineering Works in various countries." 



