Report of The Honorary Treasurer
I have the honour to present the Balance Sheet and Statements of Accounts for the year ended March 31, 1959, subject to audit, and in doing so refer briefly to some items in the Statement of Income and Expenditure.
The Government grant was increased this year by £1,000 to £5,000, which enables the Royal Society to meet some special obligations as follows:—
Two years' subscription to Special Committee on Antarctic Research (S.C.A.R.), £359.3s 6d, and the expenses of one delegate to S.C.A.R. meeting in Canberra, £130.15s 3d.
The cost of sending a third man from New Zealand with the South Pacific Expedition to Chile amounting to £707, was undertaken by the Royal Society's Council, and an appeal to Member Bodies for contributions produced £357.9s 6d towards this objective, so that the balance of £349.14s 3d was paid by the Society. These items absorbed £839 of the extra £1,000 grant.
Printing costs coming to charge within the year amounted to £2,851 for the Proceedings 85 and 86, and the three parts of the Transactions, Volume 85 (2, 3, 4), instead of the normal four parts.
The reports and balance sheets submitted by Member Bodies indicate that nearly all are contributing according to the rules, with the possible exception of Southland Branch. Nelson Branch has not yet reported, but is expected to contribute ⅙ of subscription income to the Royal Society. Hawke's Bay Branch has already contributed on the basis of the new rule at rate of 5/- per full member.
The Trust Funds are satisfactory. During the year £780 of Government Stock was reinvested on conversion; £180 Government Stock was purchased on account of the E. R. Cooper Trust Fund, and £290 on account of Endowment Fund capital accounts The Endowment Fund shows a balance of revenue £175.15s 1d, of which interest amounting to £154.1s 1d is available for allocation, and I seek direction of the Council as to its application.