# HON. TREASURER'S REPORT
Mr. President, Ladies and Gentlemen,
This is the last set of accounts which I will be presenting to the Society.
You will see, amongst the receipts, a donation of $5,000; $3,800 of this has been treated as capital, and invested. Included in the figure for Sundry Receipts is a sum of $2,850, which is a grant from The Asia Foundation for the purchase of books for the Society's library.
The major item of expense is the cost of the Journal, coming to nearly $15,000. This figure covers two issues. Volume IV cost $9,800; Volume V cost $5,000 in 1965, and another $645 for reprints has been paid this year. Against this, sales have only brought in $950. The high cost of Volume IV was due to colour plates, and I am sorry to say that in the present state of the Society's finances, we cannot afford colour plates. You will (from Note 2) see that we have still a large stock of Volume V available for sale, and as the Journal becomes better known, the chance of a larger income from sales is increased.
The Symposium Brochure has been well received. It cost the Society a net figure of $680. The Macao Tour produced a small profit of $225.
If we take the cost of the Journal at $6,000 and Sundry Expenses at $2,000 (including lectures), we have a Recurrent Expenditure of not less than $8,000, which we expect to meet from annual subscriptions. So far in 1966, Annual Membership Fees come close to $8,000, which means that some 265 members out of over 400 have so far paid their subscriptions, although in a few cases only $20 has been paid against the new subscription of $30. I would ask these people to let the new Hon. Treasurer have the additional $10 as soon as possible. I would also ask the other 120 or 130 annual members who have not yet paid their subscriptions for this year to do so as soon as possible.
I would like to wish the Society success in the future.
T. J. LINDSAY
6
HON. TREASURER'S REPORT
Mr. President, Ladies and Gentlemen,
This is the last set of accounts which I will be presenting to the Society.
You will see, amongst the receipts, a donation of $5,000, $3,800 of this has been treated as capital, and invested. Included in the figure for Sundry Receipts is a sum of $2,850, which is a grant from The Asia Foundation for the purchase of books for the Society's library.
The major item of expense is the cost of the Journal, coming to nearly $15,000. This figure covers two issues. Volume IV cost $9,800; Volume V cost $5,000 in 1965, and another $645 for reprints has been paid this year. Against this, sales have only brought in $950. The high cost of Volume IV was due to colour plates, and I am sorry to say that in the present state of the Society's finances, we cannot afford colour plates. You will (from Note 2) see that we have still a large stock of Volume V available for sale, and as the Journal becomes better known the chance of a larger income from sales is increased.
The Symposium Brochure has been well received. It cost the Society a net figure of $680. The Macao Tour produced a small profit of $225.
If we take the cost of the Journal at $6,000 and Sundry Expenses at $2,000 (including lectures), we have a Recurrent Expenditure of not less than $8,000 which we expect to meet from annual subscriptions. So far in 1966, Annual Membership Fees come close to $8,000, which means that some 265 members out of over 400 have so far paid their subscriptions, although in a few cases only $20 has been paid against the new subscription of $30. I would ask these people to let the new Hon. Treasurer have the additional $10 as soon as possible. I would also ask the other 120 or 130 annual members who have not yet paid their subscriptions for this year to do so as soon as possible.
I would like to wish the Society success in the future.
T. J. LINDSAY
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