SUMMARY OK .MEM l{KRSH 1 1’ 
Honorary einhors 
Life Members 
Ordinary Arembers 
Junior Alembers 
Family 
Subscrihei's ... 
Standing Ordeis 
2 
42 
9 
'Petal AIeml)ershij) 
499 
HONORARY TREASURER’S REPORT FOR 1949. 
Tbe accounts issued -with this Report reflect activities greater than 
those of any i)revious year in the history of the Society. In piddica- 
tions alone (and these are ahvays the Tuajor charge on our income) mem- 
liers have received three parts of our new journal Wafsonia and a Year 
Hook. In addition all memliers (except those who paid their first sub- 
scription for the year 1949) received a free copy of British FJoweritiri 
J’latifs and Modern Sysfemat ie Methods by way of compensation foi' 
two earlier years when no Rei)ort was issued owing to wartime condi- 
tions. With the exception of the Distributor’s Rejiorts (one of which 
is now in the ])iess) our ])uhlications may now be regarded for financial 
puri)oses as being up-to-date altliougli it is hojied to accelerate produc- 
lion of Wafsonia so that records and papers may a])pear moi'e proinjitly 
than at present. 
Whereas all Ralance Sheets since 1940 Iiave included substantial sums 
which we had hoped to return to members later in the form of publi- 
cations, the ])iesent figures are free from an-ears with the exception 
of a relatively small sum for the Distributor’s Reports already men- 
tioned. This is the explanation of the reduction in our assets. Unfor- 
tunately Ave are not l>:ick in the happ 3 ' ])osition usual before the Avar 
Avhen the balances at the end of each 3’ear Avere sufficient to cover the 
next A'ear’s publications. In the case of the General Fund the balance 
of £146 18s 6d might suffice for this i)urpose (Year Book plus Distri- 
butor’s Reports) but the balance of tbe Journal Fund amounting to 
£211 16s 8d is little more than half the amount we are likely to require. 
Turning to our income and exi)enditui’e figures, the position is even 
less satisfactory'. The combined annual income of the Genera] and 
Journal Funds amounts to about £510 ])er annum against expenditure 
of about £240 for general expenses, the Year Book and the Distributor’s 
Bejjoi't, and £410 for Wafsonia . Thus an additional income of at least 
£140 is required to maintain our publications at the present level, and 
CA'en more if they are to be increased. 
This deficit has arisen oAving to the increased cost of producing an 
enlarged periodical in more frequent parts. Watsonia and the Year 
Book published during 1949 cost £492 compared with £291 for the 
1946/7 Re]Aort and Distribvtor’ s Beport issued with it. The expecta 
tion that our improA'ed jAublication would be folloAved by a marked in- 
crease in memlAership has not materialised. Actually the reduction in 
