HONORARY TREASURER’S REPORT FOR 1947. 
V3 
To Balance from 1946 
LIFE MEMBERS’ FUND. 
... £225 0 11 i By Balance 
£225 0 11 
£225 0 11 
£225 0 11 
To Balance from 1946 
MISS TROWER’S FUND. 
£11 11 9 
£11 11 9 
By Balance 
... £11 11 9 
£11 11 0 
To Balance from 1946 
BENEVOLENT FUND. 
£41 3 6 
£41 3 6 
By Balance 
... £41 3 6 
£41 3 6 
General Fund 
BALANCE SHEET as 
£432 5 1 
Publications Fund 
Life Members’ Fund 
Miss Trower’s Fund 
Benevolent Fund 
346 2 1 
225 0 11 
11 11 9 
41 3 6 
£1056 3 4 
at 31st December 1947. 
500 National Savings Certi- 
ficates at cost 
Cash at Bank 
Deposit at Post Office Sav- 
ings Bank 
£400 0 0 
191 8 4 
464 15 0 
£1056 3 4 
(Signed) .1. E. LOUSLEY, 
Examined and found correct, Hon. Treasurer, 
•lanuary 18th, 1948. (Signed) C. L. COLLENETTE, 
Hon. Auditor. 
The accounts of a Society must be regarded as an epitome of its 
history since everj’- activity in which it engages is reflected in the 
finances. For this reason the financial statement which forms part of 
this report should be of particular interest to members. It shows a 
great increase in business transacted although much of the work done 
is of a preliminary natui’e undertaken with a view to offering mem- 
bers increased facilities in the near future. 
In the Oeneral Fimd the most important receipt is the amount of 
£275 in respect of Subscriptions Received, — the highest for 14 years and 
a reflection of our increased membership, which now stands 'at the 
highest total since some years before the recent war. The proceeds of 
Sole of Reports and Beprints has, however, shown a sharp drop as com- 
pared with 1946. Our expenses have had a more than proportionate 
increase and we have spent £2.34 on printing the 1945 Report and nearly 
£1.50 on other purposes. This last figure compares with about £100 
in 1946 and only £21 in 1945. This increase in general expenses has 
caused j’our Treasurer considerable concern and is due in part to the 
rise in prices and in part to exceptional charges in connection with 
reorganisation. Although such expenses are bound to be heavy early 
in 1948 it is hoped that in future thej^ will show a much healthier 
relationship to expenditure on publications. During 1947 we over- 
