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Volume 64, 1935
– 378 –

Honorary Treasurer's Report.

The balance sheet for the twelve months ending 31st March, 1934, shows a balance of assets over liabilities of £1028 12s 7d as compared with £1067 11s 11d on 31st March, 1933.

The main feature of the financial position is that the Society has lived within its means. Owing to the use of the pruning knife, the cost of printing the Transactions has been kept down to a level corresponding to the amount available. The total cost of Volume 63 was £586 15s 3d, and the Finance Committee has authorised the expenditure of £262 on Parts 1 and 2 of Volume 64.

The Trust Accounts are in a satisfactory condition. The Carter Bequest Capital Account stands at £9509 15s 1d, an increase of £563 for the year, and as a result of the legal opinion obtained, this Fund will now remain intact until it has grown sufficiently to produce an income adequate to meet the wishes of the testator.

Once more I have pleasure in stating that the books and accounts have been kept up to the usual high standard by the Secretary.

M. A. Eliott,

Honorary Treasurer.