should like to appeal to other merchant houses and individuals in the Colony, who probably need only to have the nature and needs of the Society made known to them to follow the generous example of our first benefactors. In the second place, the greater part of the amount of about $7,000 now in hand will soon be needed to cover the cost of the production and distribution of the Journal Vol. II, to a free copy of which each member is entitled by virtue of his subscription. We also urgently need a public address system, made necessary by the steadily increasing size of our audiences. We shall have to consider the purchase of projectors and apparatus for the exhibition of colour slides with which many lectures are now illustrated. Hitherto we have been fortunate in that we have been furnished with all the necessary equipment by the British Council, to whom and to their projectionists I wish to tender the thanks and appreciation of the Society. Furthermore, until now the British Council Room has been our home ever since the first preliminary meeting of the Society in 1959, and all except three or four of our meetings have been held here. Our lecture expenses in 1961 amounted to only $213.75, and most of this sum was incurred when a larger room had to be taken in the Hong Kong Club. Without the generous help of the British Council and its Representative here, Mr. R. E. Lawry, who is our Honorary Secretary, in placing this room and all its amenities at our disposal free of charge the Society could not have been in the financial position it is in today. On behalf of the Society I wish to express our deep appreciation to the British Council and to Mr. Lawry and his staff for all they have done in giving the Society a home for now over two years, and in the absence of a home of our own we hope that the Council will continue its generous support.
Finally, there is one other matter of expenditure we have to consider—the building up of a library. We are already in touch with many learned societies all over the world who send us their journals and publications, usually in exchange for copies of our own Journal. These will form a valuable nucleus of a collection. We need and appeal for money and gifts of books to build up an Oriental Library worthy of the Society, a collection of books and periodicals which we hope may serve to supplement the more general library of the City Hall and which can be made available for research study and reading not only to members