1G 
Nov. 21. Nomination of Executive for 1912. 
Appointment of Auditors. 
Special Exhibition and Discussion 
—“ Clearwings.” 
Dec. 5. Annual Meeting. Election of Exe¬ 
cutive for 1912. 
Secretaries’ and Treasurer’s Reports. 
Presidential Address ... ... Mr. A. W. Mera. 
S. J. Bell. ) 
T. H. L. Grosvenor. f 
Hon. Secs. 
Treasurer’s Report, December 5th, 1911. 
More Adequate Support of Publication Fund Imperative. 
Two years ago, the then Treasurer, Mr. P. H. Tautz, drew the 
attention of members to the fact that the Society’s expenditure had 
exceeded its income, and it is the unpleasant duty of his present 
successor to emphasise the fact that this unsatisfactory state of affairs 
continues. 
This excess expenditure, as pointed out by Mr. Tautz, is un¬ 
doubtedly entirely due to the failure of members, with but few 
exceptions, to subscribe to the Publication Fund. When it was first 
decided to embark upon the enterprise of publishing Transactions, it 
was recognised that it was impossible to meet such expenditure out of 
the ordinary Funds of the Society ; a special Publication Fund was 
accordingly opened, and was at first loyally supported by the members. 
The donations thereto have, however, gradually fallen off, until now 
they represent but a fraction of the cost of printing the Transactions. 
The result is that for some years past the Society’s expenditure has 
substantially exceeded its income, and the reserve, built up in the years 
when the cost of the Transactions did not encroach upon the General 
Funds, has now been practically wiped out. 
This fact is clearly demonstrated by the steady decline of the 
balance at the end of each year. In December, 1908, the Society had 
in hand £18 2s. 8d.; in December, 1909, £9 5s. 5d.; in December, 1910, 
£8 11s. lid. (including £5 transferred from Life Membership Fund on 
death of a life member) ; while at the end of the present year (1911) 
the balance is only £3 19s. Od. With regard to the latter figure it is 
true that an extraordinary expenditure has been incurred in the shape 
of a book-case costing £5 9s. Od., but on the other hand the cost of 
the 1910 Transactions was exceptionally low, viz., £8 3s. Od. as 
compared with £11 2s. 3d. for 1909, and £16 15s. 6d. for 1908. 
The total expenditure in 1911 has been about £34, and the 
total income about £27 10s. Od. The Transactions cost £8 3s. Od. 
as already stated; the donations to the Publication Fund amounted 
to only £2, while sales of copies of the publication realised 
£1 12s. Od., leaving a deficit of about £4 10s. Od. to be made up 
out of the General Funds. The Treasurer is inclined to think 
that this condition of affairs may be at least in part due to 
the fact that the existence of the Publication Fund has not been 
sufficiently advertised, and would suggest that a circular re the matter 
be sent out with the new members’ list in the New Year. 
xxi. 
