24 
LIl-'E MEMBERSHIP FUND. 
£ s. cl. £ s . a. 
To Subscriptions .. .. 10 0 0 By advance to General Fund, 
1897 5 0 0 
,, advance to General Fund, 
1899 5 0 0 
£10 0 0 
£10 0 0 
PUBLICATION FUND. 
£ s. d. 
£ s. d. 
To Donations and Subscrip- 
[ By Printing Transactions 
tions .. .. .. 20 3 4 
(1900) and part of 
London Fauna List .. 17 17 1 
,, Balance in hand .. .. 2 6 3 
£20 3 4 | 
£20 3 4 
Examined and found correct, 25th November, 1901. 
London Institution, 3rd December, 1901. 
C. Nicholson, lion. Treat. 
H. H. May ) 
A. Bacot J 
Hun. Auditors. 
PRESIDENTIAL ADDRESS,* 
By Louis B. Phout, F.E.S. 
Gentlemen, 
It is one of the incidental evils of the position of a President 
that he is expected, at certain set intervals, to deliver himself of an 
“ address ol some kind, quite irrespective of any question of his 
having any topic in hand upon which he desires to hold forth. 
Probably those Societies are wise, and certainly their Presidents are 
fortunate, where the custom prevails of electing a new President every 
year. But this is not the case in our Society, and I have no option 
hut to how to the inevitable and make some attempt to rise to the 
occasion. In turning over in my mind a considerable number and 
variety of potential subjects for addresses, I was somewhat surprised, 
and still more humiliated, to find that they all seemed to resolve them¬ 
selves into two classes: firstly, the many which might interest 
and profit you, but upon which 1 felt quite incompetent to speak ; and 
secondly, a few on which f really did consider myself competent to 
speak, but which 1 felt would be neither interesting nor profitable to 
the majority. I could, indeed, have followed up the question touched 
upon in a, single paragraph in my last presidential address {Trans, 
i iti/ I.mill. I\at. Noe., x.. p. MU), of the difficulties of logical generic 
groupings in entomology, but inasmuch as an interesting paper by Mr. 
W.J. Kaye, published in the same volume, dealt to a large extent 
tlie “ Retrospect ’ for 1901, included in this address, is published in lint out. 
Record, xiv., pp. 1-7. 
