pplicalioiis Iroin people wisliinp; to join tlie Society which became ap- 
I ovreiit ill 1948, lias been e\en more ex ideut in 1949, which jirodnced the 
I iwe.st net increase since 1944. As subscriptions are our main source ot 
j ncome it is hoped that steps now being taken to make our journal 
) lore widely known, and the assistance of members in introducing it 
1 o their friends, will rectify the ]iosition during the coming year. The 
|;ap was partly filled in 1949 by a generous grant from the Royal Society 
||!: f xvhich £7o was applied towards the cost of printing original papers 
in Wat.viiiia and the balance of £25 towards the cost of the Conference 
deport. 
During the year we have exiiended the unusually large sum of £16 6s 
n four purchases of runs of back Reports. Of many of these parts our 
;tto<'ks are low, and it is expected that the Society will benefit from 
bese transactions before the end of 1950. 
The I’ublications Fund figures also call for an explanation. The 
• urpose of this fund is to accumulate jiroceeds of sales of w'orks com- 
liled and published for the Society Ity the late Dr Driice, and it is hoped 
o use the money to finance fi-esh editions of Cnmifal Flora and the 
{ritisli Fldiit List. The cost of British FJoweri iig Plants and Modern 
t'lstenuitic Methods (the 1948 Conference Report) debited to this fund 
las resulted iu a net charge of £56 16s Id, xvhich should soon be covered 
ly the proceeds of sales. The book was issued too late in the year for 
hese to show any appreciable retuni in the present accounts. Your 
! 'ouncil veiy |)roperly took the view that any arrangements made for 
inancing the book should not handicap our intentions of issuing fresh 
ditions in due course of the xvorks for which the Fund is intended. 
The total amount standing to the credit of members at the end of 
he year in res]>ect of subscriptions jiaid in advaiice amounts to £66 
ds 6d. and in addition we hold 5s 3d on account of a memlxer for publi- 
ations to be ordered. 
AVork in connection xvith the finances of the Society has increased 
•ousideralily during the year and T should like to express my appre- 
uation of the loyal assistance of Mr E. L. Swann in collecting sub- 
criidions and of the work of Air ('. L. Collenette as Honorary Auditor. 
J. E. Lotjslev. 
December 31st, 1949. 
