officers’ reports for 1949 
37 
To Balance from 1948 
BENEVOLENT FUND. 
£41 3 6 
By Balance 
£41 3 6 
£41 3 6 
£41 3 6 
BALANCE SHEET as at December 3lst, 1949. 
General Fund £146 18 6 
Journal Fund 211 16 8 
Publications Fund 405 1 11 
Field Work Committee’s 
Fund 11 9 0 
Life Members’ Fund 145 12 0 
Miss Trower’s Fund 9 11 1 
Benevolent Fund 41 3 6 
Cheques issued but not yet 
presented 12 6 
500 National Savings Certifi- 
cates at cost £400 0 0 
Cash at Bank 84 10 2 
Deposit with Post Office Sav- 
ings Bank 488 5 0 
£972 15 2 
£972 15 2 
(Signed) J. E. LOUSLEY, 
Examined and found correct, Hon. Treasurer. 
January 21st. 1950. (Signed) C. L. COLLENETTE, 
Hon. Auditor. 
The accounts issued with this Report reflect activities greater than 
tliose of any previous year in the history of the Society. In publica- 
tions alone (and these are always the major charge on our income) mem- 
hers have received three parts of onr new journal Watsonia and a Year 
Booh. In addition all members (except those who paid their first sub- 
scription for the year 1949) received a free copy of British Flowering 
IHaiifs and Modern Systematic Methods by way of compensation for 
two earlier years when no Report was issued owing to wai'time condi- 
tions. With the exception of the Distributor’s Reports (one of which 
is now in the jness) our publications may now be regai'ded for financial 
jmrposes as being up-to-date although it is hoped to accelerate produc- 
tion of B'atsonia so that records and papers may appear more promptly 
than at jiresent. 
Whereas all Balance Sheets since 1940 have included substantial sums 
which we had hoped to return to members later in the form of publi- 
cations, the present figures are free from arrears 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 we are not back in the happy position usual before the war 
Avhen the balances at the end of each year wmre sufficient to cover the 
next year’s publications. In the case of the General Fund the balance 
of £146 18s 6d might suffice for this purpose (Year Book plus Distri- 
butor’s Reports) but the balance of the Journal Fund amounting to 
£211 16s 8d is little more than half the amount we are likely to require. 
Turning to our income and expenditure figures, the position is even 
less satisfactory. The combined annual income of the Genera] and 
Journal Funds amounts to about £510 per annum against expenditure 
