Dr. Allan then read his Presidential Address, the title of which was “Seventy-five Years of ‘Transactions’.” At the conclusion of the address Dr. Marshall thanked the President, and on his motion, seconded by Dr. Archey, it was resolved that the President be asked to allow his address to be printed in the Transactions. Notices of Motion: Two Notices of Motion were handed in for consideration later in the meeting. Hon. Treasurer's Report: Mr. Cory-Wright presented his annual report and statements of account. On the motion of Mr. Aston, seconded by Mr. Hudson, the balance sheet and accounts were adopted. Report of Honorary Treasurer. The finances of the Society continue to prosper, very much on the same lines as in recent years. The surplus of assets over liabilities on general account stands at £859 0s 3d, thus showing an increase of assets of £166 11s 7d on last year. As previously, this does not take into account the value of the Society's property in the Library, stock, and furniture, which is mentioned in a separate statement and is insured for £5540. Printing Costs.—Although there was an increase in the price of blocks the amount for printing shows a slight decrease (£27) on last year's figure. The Rule that authors be required to meet the excess amount of papers costing over £20 to print was applied, and £11 was received from authors. In addition, Victoria University College paid the full cost of a special paper contributed by some members of its staff. Thus the actual cost to the Society this year for printing was £507 8s 10d. The Trust Accounts continue to grow, being about £90 higher than last year, and there is in the Hutton Fund Revenue Account an amount of £320 available for research. The Endowment Fund now stands at £2,207 12s 4d, an increase of £92 7s 8d. £150 Inscribed Stock belonging to this fund matured during the year and it was reinvested on the 6th March in the new 3% Conversion Loan maturing 15/4/1960–63. I would pay a tribute to the excellent services of our Secretary in the keeping of the accounts. Member Bodies. The following summarises the Income and Expenditure Accounts of the Member Bodies:— Members Receipts Expenditure Levy Rule 3 £ £ £ s. Auckland Institute 565 12,287 12,571 47 7 Library, Museum, and Levy Wellington Branch 229 202 212 45 15 Library, Levy Canterbury Branch 133 192 200 28 19 Library, Levy Otago Branch 150 255 197 48 10 Levy Hawke's Bay Branch 54 24 30 2 2 Library, Levy Nelson Institute Reports not yet to hand. Southland Branch April 26, 1944. (Signed) S. Cory Wright, Honorary Treasurer,