WATSON BOTANICAL EXCHANGE CLUB 
It is necessary to draw the attention of members to 
the serious financial position that has arisen, owing to 
the immense increase in the cost of printing and the 
higher rates of postage, and for them to decide without 
delay whether they are willing to pay the increased sub- 
scription that is necessary to enable the Club’s work to 
be carried on free from debt. In 1914 the cost per page 
of printing the Report was 4s. lid., in future it will be 
not less than 12s. o d., if the present high prices continue — 
and there is little probability of any appreciable decrease 
for at least a number of years. When we add to this the 
cost of distribution of plants, of an occasional Desiderata 
List or frontispiece, and the out-of-pocket expenses of 
the Secretary and Treasurer in postage, it is found that 
with a membership of fifty the subscription has to be 
raised to 14s. in order that the Club should be able to 
pay its way. The cost of this year’s Report will be 
met by the subscriptions and by donations very kindly 
sent by several members. If those who have not yet 
paid their subscriptions would send them at once to 
the Treasurer (S. H. Bickham, Esq., Underdown, Led- 
bury) or to the Secretary, we should be very grateful. 
After so many years of interesting and useful work 
it is much to be hoped that the Club will not now be 
suspended for lack of sufficient support, and we cannot 
believe that members will allow it to be ; but in order 
to preserve it there must be an immediate and unanimous 
expression of willingness to pay the higher subscription, 
and an effort on the part of all to increase the number 
of members. Whichever way members decide, will they 
all please inform the Secretary, not later than Oct. 31, 
in order that we may know how we stand, and arrange- 
ments, if necessary, be made for the next distribution. 
G. GOODE, 
Lynohurst, Hon. Sec. 
De Freville Avenue, 
Cambridge, 
Oct. 2 S. IQ20. 
