25 
LIFE MEMBERSHIP FUND. 
£ s. cl. 
To Two Subscriptions .. 10 0 0 
„ Return from General 
Fund (advanced 1897) 
1902 . 
,, Return from General 
Fund (advanced 1899) 
1903 . 
5 0 0 
0 0 
£20 0 0 
£ 
By Advance to General 
Fund,1897 .. .. 5 0 0 
,, Advance to General 
Fund, 1899 .. ..5 0 0 
,, Balance in hand .. 10 0 0 
£20 0 0 
PUBLICATION FUND. 
£ s. d. 
To Balance from 1901 .. 3 17 0 
„ Donations .. .. 13 12 0 
,, Sale of Copies of 
1 ‘ Transactions ’ ’ (re¬ 
ceived from Secretary) 0 11 0 
£18 0 0 
£ s. d. 
By Printing “ Transactions ” 
for 1902 .. .. 15 10 0 
,, Balance in hand .. 2 10 0 
£18 0 0 
Examined and found correct, 25th November, 1903. 
C. Nicholson, Hon. Treas. Geo.' R. Oakland }^ on ' ^ uc ^ to,s - 
London Institution, 1st December, 1903. 
PRESIDENTIAL ADDRESS 
By A. W. Mera. 
Gentlemen,— 
In following a President of such undoubted attainments as Mr. 
Louis B. Prout, I feel great diffidence in attempting anything like a 
Presidential Address ; but as it appears to be a bounden duty to say 
something, I am going to confine my remarks as nearly as possible to 
the thoughts and ways of a field entomologist, as I feel quite incom¬ 
petent to touch upon all that has been done in the literary and 
scientific entomological world during the past year. 
Doubtless the ‘first thing that interests us is the success of our 
Society, and I think you will all agree with me that what we have 
j ust heard from our able Secretary is both satisfactory and encouraging. 
The work of the Society has maintained its high level, both in the 
papers read at its meetings and the exhibits shown ; and I venture to 
say, from a working lepidopterist point of view, that our Society 
stands second to none. In the matter of field-day excursions, I am 
sorry to say there is room for improvement, but as I am prepared to 
take a large share of the blame on my own shoulders for the want of 
success, perhaps the least said the better. However, I hope that next 
season we shall be able to find members, with more time than I have 
personally, who will undertake to conduct the outings with success, 
and that" we may arrange to have them rather more frequently than 
heretofore. 
This has been the first year in our history that we have closed our 
meetings during the summer months of July and August, and although 
the innovation was not quite approved of by some of us, I have not heard 
that anyone felt the need of the meetings during that time. Since 
