# HON. TREASURER'S REPORT FOR 1971
The Accounts now before you have again been kindly audited by Messrs. Wong, Tan & Co.
The deficit of Expenditure over Income for this year amounts to $792, compared with a deficit of $6,529 in the previous year. This is not, unfortunately, due to increased income but rather to decreased expenditure. Journal and other Publication expenses in 1970 ($20,350) were, as members may recall, exceptionally heavy, due to the number of publications about to be printed. The 1971 expenditure under this category ($16,657) is also high due to the following publications due for printing: the 1971 Journal, the report of the 1970 Symposium, and the Journal index.
Such expenditure is of course a healthy sign of the Society's activities in this direction.
The shortfall in Annual memberships to cover the expenditure is, as in previous years, made up by bank interest and dividends. Annual memberships are the most important part of the Society's income and members are actively encouraged to urge their friends to join the Society, not only to increase the income under this heading, but in order to make the Society wider known and permit more persons to share in its worthwhile activities.
The Sundry Creditors on the Balance Sheet are for the publications referred to earlier. Local investments continue to show a gratifying increase in market value, which cannot unfortunately be said for the 6% Commonwealth of Australia Stock. The investments of the Society are kept constantly under review.
March 25, 1972.
D. A. Gilkes
Hon. Treasurer
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HON. TREASURER'S REPORT FOR 1971
The Accounts now before you have again been kindly audited by Messrs. Wong, Tan & Co.
The deficit of Expenditure over Income for this year amounts to $792, compared with a deficit of $6,529 in the previous year. This is not, unfortunately, due to increased income but rather to decreased expenditure. Journal and other Publication expenses in 1970 ($20,350) were, as members may recall, exceptionally heavy, due to the number of publications about to be printed. The 1971 expenditure under this category ($16,657) is also high due to the following publications due for printing: the 1971 Journal, the report of the 1970 Symposium, and the Journal index.
Such expenditure is of course a healthy sign of the Society's activities in this direction.
The shortfall in Annual memberships to cover the expenditure is, as in previous years, made up by bank interest and dividends. Annual memberships are the most important part of the Society's income and members are actively encouraged to urge their friends to join the Society, not only to increase the income under this head- ing, but in order to make the Society wider known and permit more persons to share in its worthwhile activities.
The Sundry Creditors on the Balance Sheet are for the publica- tions referred to earlier. Local investments continue to show a gratifying increase in market value, which cannot unfortunately be said for the 6% Commonwealth of Australia Stock. The invest- ments of the Society are kept constantly under review.
March 25, 1972.
D. A. Gilkes
Hon. Treasurer
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