1921.] 



"Research in Brewing. 



751 



The following accounts show the financial position of the 

 Kesearch Fund on 31st December, 1920: — 



EXPENDITURE AND INCOME ACCOUNT. 

 1st January to 31st Decemiip:r, 1920. 

 Dr. Cr. 



Expenditure. £ s. d. Income. £ s. d. 



To Preliminary Expenses ... 351 1 3 By Members' Sub- 



Hop Investiy:ations at Wye 125 scriptions 5342 17 



Hop Investigations at Man- Donations to the 



Chester 19G 5 Fimd 01 15 



„ Timber Investigations, ,, Deposit Interest... 216 8 4 



London 187 10 



„ Stationery and Printing ... 64 14 11 



„ Postage 37 13 9 



„ Sundry Expenses 19 6 



„ Institute Establishment 



Charges (Proportioned)... 413 14 

 „ Balance carried for ward... 4244 1 11 



£5621 4 £5621 4 



BALANCE SHEET.— 31st December. 1920. 

 Dr. Cr. 



Liabilities. £ s. d. Assets. £ s. d. 



To Subscriptions received in By Subscriptions in 



advance 102 10 arrear for 1920... 128 15 



„ Sundry Creditors 30 15 2 „ Cash at Bank on 



„ Balance in favour of Fund 4244 111 Current Account 248 12 1 



„ Cash at Bank on 



Deposit Account 4000 



£4377 7 1 £4377 



Organisation. — A Research Fund Committee was set up con- 

 sisting half of Research Fund members and half of representa- 

 tives of universities, colleges, experimental stations, com- 

 panies, firms and individuals willing to provide facilities for 

 scientific investigation and research. It is a principle of the 

 scheme that the investigations shall be carried out for the 

 benefit of the fermentation industries as a whole and not for a 

 single firm or group of firms. The Committee will not assist 

 in the commercial exploitation of patented inventions, but in 

 specific cases where funds are needed for working out on a large 

 scale a process or device already patented, the Committee w^ll 

 consider the question of making a grant for this purpose. 



The Research Fund Committee has made provision for the 

 appointment of Advisory Sub-Committees for specific branches 

 of research, e.g., hops, timber and barley. These Advisory 

 Sub-Committees initiate researches into their respective subjects, 

 and consider applications from individual workers for grants 

 from the fund. Provision has also been made in the scheme 

 for a survey of existing researches by means of which it is hoped 

 that any serious overlapping will be avoided. 



