# HON. TREASURER'S REPORT FOR 1967
The Accounts have again been kindly audited by Mr. O. P. Edwards of The Hongkong & Shanghai Banking Corporation. I assumed office as Hon. Treasurer last June following Mr. G. W. Lanchester.
The Accounts show a small deficit amounting to $738. This is due almost entirely to the increase in expenditure on publications which amounted to $12,670, almost double the expenditure of the previous year. Most of this increase is due to the printing of the 1966 Symposium and Journal and the reprinting of Sir Lindsay Ride's article "The Old Protestant Cemetery in Macao", referred to in the Hon. Treasurer's Report for 1966. It is hoped to recover the cost of these publications by their sale during the current year, and it is gratifying to note that Journal sales for this year are already in excess of the figure for 1967. Members are reminded that Journal receipts for 1967 are predominantly from sales to those outside the Society, the annual Journal being free to members. Annual Memberships, whilst showing an increase over the previous year are considerably less than the total expenditure, and the Society was only able to meet the heavy expenditure on Journals by the income from investments and the sale of Journals. In spite of reminders there are still about 25 members who have not yet altered their bankers' orders from $20 to $30 and it is earnestly hoped that they will take the necessary action.
The investments still show an increase in market value over cost, in spite of the depressed market and the effects of devaluation.
The amount of $25,333 cash deposit is illusory. Almost one-half has already been used for meeting the printing charges of the Journals, and shown as a Sundry Creditor in these accounts. A further amount of approximately $1,500 representing the balance of a donation from the Asia Foundation has already been used to pay for books: this grant is now exhausted. It is also hoped to reprint Volume I of the Journal which has now been sold out and to increase the stock of books in the library. Members and their friends are earnestly requested to note that there are several back issues of Journals and other publications for sale as listed in the recent pamphlet in the 1967 Journal. Their sale is one way of increasing our income over expenditure.
8 April, 1968
D. A. GILKES
HON, TREASURER'S REPORT FOR 1967
The Accounts have again been kindly audited by Mr. O. P. Edwards of The Hongkong & Shanghai Banking Corporation. I assumed office as Hon. Treasurer last June following Mr. G. W. Lanchester.
The Accounts show a small deficit amounting to $738. This is due almost entirely to the increase in expenditure on publications which amounted to $12.670. almost double the expenditure of the previous year. Most of this increase is due to the printing of the 1966 Symposium and Journal and the reprinting of Sir Lindsay Ride's article "The Old Protestant Cemetery in Macao", referred to in the Hon. Treasurer's Report for 1966. It is hoped to recover the cost of these publications by their sale during the current year, and it is gratifying to note that Journal sales for this year are already in excess of the figure for 1967. Members are reminded that Journal receipts for 1967 are predominantly from sales to those outside the Society, the annual Journal being free to members. Annual Memberships, whilst showing an increase over the previous year are considerably less than the total expenditure, and the Society was only able to meet the heavy expenditure on Journals by the income from investments and the sale of Journals. In spite of reminders there are still about 25 members who have not yet altered their bankers' orders from $20 to $30 and it is earnestly hoped that they will take the necessary action.
The investments still show an increase in market value over cost, in spite of the depressed market and the effects of devaluation.
The amount of $25,333 cash deposit is illusory. Almost one- half has already been used for meeting the printing charges of the Journals, and shown as a Sundry Creditor in these accounts. A further amount of approximately $1,500 representing the balance of a donation from the Asia Foundation has already been used to pay for books: this grant is now exhausted. It is also hoped to reprint Volume I of the Journal which has now been sold out and to increase the stock of books in the library. Members and their friends are earnestly requested to note that there are several back issues of Journals and other publications for sale as listed in the recent pamphlet in the 1967 Journal. Their sale is one way of increasing our income over expenditure,
8 April, 1968
D. A. GILKES
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