28 
LIFE MEMBERSHIP FUND. 
To Subscriptions .. ..£10 0 0 | By Balance in band ..£10 0 0 
To Balance from 1902 
,, Donations 
,, Sale of Copies 
“ Transactions ” 
PUBLICATION FUND. 
£ s. d. 
.. 2 10 0 
.. 7 14 6 
of 
.. 0 11 0 
£ s. d. 
By Printing “Transactions” 9 12 6 
,, Balance in hand .. 13 0 
£10 15 6 
£10 15 6 
1 Hon. Auditon 
Examined and found correct. 
Thos. H D. Gkosvenoe®| 
Geo. R. Garland. 
C. P. Pickett, Hon. Treasurer. 
London Institution, 6tli December, 1004. 
PRESIDENTIAL ADDRESS 
By A. W. Meka. 
Gentlemen,— 
The time has again arrived for us to make up our yearly accounts, 
including as it does a Presidential Address, which occasionally is 
found to be a somewhat arduous task. 
In reviewing our work for the past year, 1 think I may say we have 
grounds for congratulation,, as our Society has maintained its position 
as a thoroughly practical Society, and, although there has apparently 
been no great increase in the number of members at its meetings, 
there has certainly been no falling off in the general interest of our 
subject. We have secured some really good papers from those members 
most capable of doing the Society justice in that direction, and of 
whose membership we are justly proud. 
It is also gratifying to record the entire unanimity in which the 
Officers of the Society and the Council have invariably worked, and, 
although I hope none of us would resent reasonable criticism, it is 
most pleasant to work without discord. 
The season of 1904, although better in the matter of weather than 
the year before, has not I very much doubt, been any better for the 
lepidopterist. Last year we had to record the decreasing number of 
many of our rarer species, and this season it has been the total 
disappearance of many. There seems to have been a complete absence 
of Leucania vitellina from the favoured localities in south Devon, 
where, in recent years, it has been taken in some numbers, and I 
have heard of very few Laphygma exigua and Leucania albipuncta 
having been taken. Evidently these rarities thrive best in hot and 
dry seasons, which, after all, is quite what we might expect. But as 
is generally the case, each year seems favourable to something, and 
this season has been pre-eminently a Phryxus livomica year. The 
records are too numerous to state here, but it is enough to say that 
the in-ect was taken frequently in May and June, and again in the 
autumn, showing pretty clearly that P. livomica can breed and arrive 
at maturity in this country for one year at least. I believe the last 
