BALANCE SHEET, 31st DECEMBER, 1921.
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LIABILITES.
Estimated and Liquidated.
To Sundry Creditors, £91 1 5
To„Brand Committee, 25 18 0
To„ Secretary (half year's Salary), £17 10 0
To„ Secretary„ Poundage, 21 16 0
39 6 0
To„ Composition Fees, £16 18 0
To Less written off, 10 10 0
6 8 0
To„ Balance to credit of Society,* 1065 8 11
£1,228 2 4
ASSETS.
By Cash at Bankers, £438 8 3
By Less due to Secretary, 1 13 1
£436 15 2
By„ W. Glaisher, Ltd., Sales (six months), 38 2 2
By„ Subscriptions in arrear, 1921 (65), 68 5 0
By„ Investments as at Dec. 31st, 1921:—
£500 Canada, 3½% Stock at 68, £340 0 0
£500 Natal, 3½% Stock at 69, 345 0 0
685 0 0
£1,228 2 4
In addition to the above there is a large stock of Publications of the Society, and also bound copies of the Salvage Stock, of which no account is taken.
* No allowance has been made for additional volumes, 1915 to 1921 inclusive.
I again call attention to the ever increasing amount of subscriptions in arrear, 65 as against 44 a year ago. The subscriptions in arrear in respect of all years prior to 1921 have been deleted from the Assets, and I consider that not more than 50% of the 1921 subscriptions are good value, and I strongly recommend the Council to insist upon prompt payment.
EDWARD CLODD, Hon. Treasurer.
