REPORT OF THE COUNCIL 1948 To be submitted at the Seventy-first Annual General Meeting of the Institute to be held on Friday 29 April 1949 In the.world at large the year 1048 brought little relief from the difficulties with which mankind has had to contend since the end of active hostilities. In some countries internal strife has continued to retard efforts of reconstruction and has held back the develop- ment of iiaturaI resources on which the standards of life of the peoples of the world depend. There is however evidence that the underlying causes of international disharmony and distrust are becoming more fully understood and their consequences faced thereby affording a better prospect of bringing under control the forces now leading to disruption and of harnessing them for benefi- cent purposes.New hope has been given to a large part of the world by the operation of Marshall Aid and by the steps recently taken to set up new frameworks of stability through Western Union and the Atlantic Pact. Against this background of world affairs moving towards a new state of equilibrium under the influence of political and economic forces we in this country have made great strides during the year towards re-establishing our industrial potential. A more general understanding of economic necessities has enabled us to bear continuing austerities more hopefully if not more kindly. Moreover we have managed to preserve the unifying characteristics of our ancient constitution with its long continuity of tradition and it was as a member of a great family that the Institute joined with others throughout the British Commonwealth in paying a tribute to Their Majesties the King and Queen on the celebration of their Silver Wedding (JOURNAL AND PROCEEDINGS, 1948 111 138).In the Institute’s own affairs history was made by holding the Annual General Meeting for the first time outside London and those who attended the Anniversary Meetings which accom- panied this event in Birmingham realised that a new standard of excellence had been achieved for gatherings of this kind. ‘llx Council has expressed its high appreciation of the thought and work put into the arrangements for these meetings by the Committee of the Birmingham and Midlands Section and their colleagues in the area (JOURNAL AND PROCEEDINGS, 1948,III 152).The programme of lectures visits and social events was an ambitious one but was carried out most successfully. The very fine Exhibition entitled “The Chemist in the Midlands,” was visited by some 1,400members of the public as well as by members and students of the Institute 113 and there is 110 doubt that the prestige of the Institute has been substantially raised as a result of these events. It is hoped that tlic meetings in .Birmingham will establish a precedent for holding the Annual General Meeting of the Institute outside London in alternate years for in this way the aims and work of the Institute can be kept more directly in accord with the varied interests of the chemical comniunity in different parts of the country.Another landmark in the progress of the Institute was afforded by the publication during the year of the first post-war edition of the Kegistev of Fellows uizd Associates. For a professional body the publication at frequent intervals of a complete Register of members is a matter of high importance and the Coixncil had been much concerned at the impossibility of maintaining this service to members and the public during the war. A gap of 10 years made the task of preparing the Register exceptionally difficult especially as the membership had increased so greatly during that period and a large proportion of established members had changed their addresses and occupations. The Council has expressed its appreciation of the way in which these difficulties were overcome (JOURNAL AND P~oc~m-INGS 1948 VI 322) and has been much gratified by the fewness of the errors to which attention has been drawn since the book was published.In the last Report reference was made to the beginnings of a tour which our distinguished past President Professor Findlay was making in India and Pakistan. Leaving England in November 1947 he returned at the beginning of July 2948 after having visited practically all the centres of scientific activity in those two 1)oiniii- ions as well as having spent a few months in South Llfrica. His presence at the Annual General Meeting of the Indian Section at Patna on 1 January 1948 resulted in a proposal to establish several Local Sections of the Institute in various parts of the Dominion of India and formal petitions for the formation of two such Sections have been received and accepted by the Council.One of them the Bangalore Section was formally constituted during the year. Professor Findlay was also present at Bangalore when for the first time for many years an Examination for the Associateship of thu Institute was being held in India. Since his return he has put before the Council a general scheme for fostering the further development of the profession of chemistry in India based for the time being on an organisation sponsored by the Institute. In this connection the Council has set up a Committee to advise it on all matters relating to Indian and Pakistani affairs and particularly to help and guide Local Sections that may be formed and Honorary Corres- ponding Secretaries who may be appointed in the two Dominions (JOURNAL AND PROCEEDINGS, 1948 V 249).Owing to the small number of members of the Institute and indeed of chemists in [23 Pakistan it was considered appropriate in the first instance to appoint an Honorary Corresponding Secretary to form a nucleus of an Institute organisation that might develop later into a Local Section or Sections. The growing number of applications for admission to the Institute from Indians has placed an increasing burden on the Indian Advisory Committee organised by Dr. G. J. Fowler in Bangalore and the Council has expressed its appreciation of the way in which this Committee has discharged a difficult duty over a long period of years (JOURNAL AND PROCEEDINGS 1948 111 135).Towards the end of the year it was agreed to consider repeating the experiment of holding an Examination for the Associateship at a suitable centre in India at the end of 1949 or the beginning of 1950. The publication of remuneration statistics (JOURNAL AND PROCEEDINGS, 1948 11 101) after an interval of some years h’as provided information of considerable interest to employers as well as employed chemists. There is evidence that the publication of the figures has had beneficial results. At the Annual General Meeting two matters of far-reaching importance claimed attention. First approval was given to the terms of a Petition for a new Royal Charter and of the draft of the proposed Charter.The reasons for seeking a revised Charter after over 60 years were set forth in an explanatory note that accompanied the resdution (JOURNAL AND PROCEEDINGS 1948,111 133). By the end of the year a number of minor points raised by the Privy Council had been settled and there was reason to expect that the grant of the new Charter by His Majesty the King would follow shortly. The intention to make a thorough revision of the By- Laws had been announced some years ago but although some preliminary steps had been taken it had become clear that the matter could not be fully dealt with until the new Charter had been granted. During the year the Council and its Committee on Revision of Charter and By-Laws made a further examination of the position and put forward certain principles on which amend- ment of the By-Laws governing the constitution of the Council- one of the more controversial issues-might be pursued (JOURNAL AND PROCEEDINGS, 1948 IV 209; VI 298).]By the end of the year further progress had been made in preparing preliminary drafts of this and other sections of the By-Laws and it is hoped that agreement may soon be reached on changes that are necessary or desirable so that the whole matter may be dealt with at a Special General Meeting to be held in 1949. The second important issue before the Annual General Meeting in 1948 was the increase of annual subscription rates for Fellows and for Associates over age 25. The reasons that had led the Council to submit resolutions with this object were indicated in an 131 explanatory statement sent to members with the notice of meeting (JOURNAL AND PROCEEDINGS, 1948 111 134).Although there was some difference of opinion on the relative increases in subscriptions that should be made for Fellows and Associates the new subscription rates proposed by the Council were accepted by an overwhelming majority. It was generally realised that without substantial in- creases in subscriptions at this stage the Institute could not proceed with any assurance to develop its activities and services in a manner which most members were known to desire. The new rates of subscription were authorised for application from 1 January 1949. In the meantime it was clear that the deficit on the income and expenditure account for 1947 would grow considerably larger in 1948 even if there were no notable extension of the existing pro- gramme of activities.The financial statements which accompany this Report show that the Treasurer’s estimate of the deficit for 1948 as approaching L3,OOO was a very close one. In other fields of the Institute’s work there has been steady progress. Special mention may be made here of the conference held in London in November on “The Origins and Prevention of Laboratory Accidents” (JOURNAL AND PROCEEDINGS, 1948 VI 236) a full report of which will be published early in 1949. The number of lectures monographs and reports published by the Institute during the year has greatly increased and towards the end of the year much attention was being given to means for improving the JOURNAL AND PROCEEDINGS,as to make this publication of so greater use and interest to members (JOURNAL AND PROCEEDINGS 1948 VI 324).A notable increase also took place in the number of meetings held under the auspices of Local Sections. The list on pages 23-27 shows that considerable efforts have been made by Section Committees to introduce variety into their programmes and these efforts have been widely appreciated. Means for arousing the interest of school-children in the profession of chemistry have been much in the minds of the Membership Committee and valuable experiments in the organisation of special meetings for this purpose were made in the latter part of the year by the London and South- Eastern Counties Section and the Manchester and District Section.Authority was given to the Birmingham and Midlands Section to establish a series of P. F. Frankland Memorial Lectures and considerable progress was made towards raising a fund for this purpose. Important changes were made in the regulations for admission to the Fellowship of the Institute (JOURNAL AND PROCEEDINGS 1948 IV 240). Steps were taken towards organising National Certificates in Chemistry (Northern Ireland) on a basis more comparable with those for England and Wales and for Scotland. The question of how far National Certificates in Chemistry and c 41 Applied Chemistry might serve as a more definite step towards the Associateship of the Institute was still the subject of discussion (cf.JOURNAL AND PROCEEDINGS, 1948 VI 299). The two Conferences of Honorary Secretaries of Local Sections held during the year were of great value in bringing forward new ideas and in co-ordinating proposals for their implementation (JOURNAL AND PROCEEDINGS, 1948 111 155; VI 297). Following discussions on directions in which the activities of Local Sections might usefully be extended the Council agreed at the end of the year to an improved scale of grants to Local Sections to come into effect on 1 January 1949 (JOURNAL AND PROCEEDINGS, 1949 I 34). The calls on the Benevolent Fund increased somewhat during the year and some concern is felt at the fact that subscriptions and donations have not been maintained at the level necessary for meeting these obligations (see page 18).No special appeal for support of the Fund was made as it was thought desirable to await the development of the scheme for providing residential clubs for old people which would need considerable financial resources. Towards the end of the year agreement was reached among a number of professional institutions for the establishment of a Company limited by guarantee to acquire and administer on their behalf property to be used for this purpose. There was reason to believe that this scheme would come into operation early in 1949 (see page 19). In the summer it became possible to carry out long deferred repairs of war damage to the Institute’s building and to reconstruct part of the basement as a housekeepers’ flat.The Council had long been concerned at the risks involved in leaving the building un- attended outside working hours and is now glad to report that since July resident housekeepers have been appointed and have undertaken among their other duties the provision of a canteen service which has been much appreciated by the staff as well as by members of the Council and Committees attending meetings in the Institute. The Council desires to express its appreciation of the work of the salaried Officers and staff of the Institute who have continued to deal effectively with a growing volume of day-to-day business while playing an important part in preparing and putting into effect plans for a variety of improvements and new developments.Further details of these and other activities and events during the year are recorded below under the appropriate headings. MEMBERSHIP AND STUDENTSHIP The Council has learned with regret of the death during the year (or earlier) of the following Fellows Associates and Registered Students :-Fellows Herbert Ackroyd William Hamilton Edward Charles Cyril Baly C.B.E. F.R.S. Thomas Goode Joyce Albert Edward Bell Walter George Leach Arthur Braithwaite George Stanley Withers Marlow John Edward Byles George McGowan Harold Calm Edward Miller Melville Edward Mitchell Chaplin Albert Henry Mitchell Thomas Cooksey Charles Ainsworth Mitchell Alexander Steven Corbet James Gordon Parker John Chester Cowap William George Prescott William Cullen Charles Fletcher Roberts Bernard Furley Davis George Scott Robertson Reginald Murdin Drake O.B.E.Frank Berry Smith Cecil Cooke Duncan George Steedman Bernard Dyer John Henry Sugden Charles James John Fox George Rudd Thompson William Robert Guy Samuel Russell Trotman Edward Halliwell Florence Mary Wood Charles Alexander Hill Associates Richard Parkinson Bothamley Eric Holgate Joseph Brierley William Jackson Lund Hugh Browning Brown William Stephen Milne Peter Bourhill Thomas Henry Nunan Arthur Herbert Clark Vinayak Nilkanth Sarangdhar Frederick Clarkson-Harold Alfred Ernest Llewellyn Slann Oliver Cecil Elvins William Smith Subikas Das Gupta Alexander Benham Stich Jeremy Bowdich Hale Elizabeth Brownsword Stirling David Handley Students Sidney Steger Robert Lionel Woodroofe Changes in membership and studentship during the year are recorded below with the corresponding figures for 1947 for com-parison.Twelve months ended 32 December Additions and promotions 1947 1948 40 New Fellows . . .. .. .. .. 38 1 Fellows re-elected .. .. .. .. 1 182 Associates elected to Fellowship .. .. 178 New Associates .. .. .. .. 399 44s 14 Associates re-elected .. .. .. 16 167 Students elected to Associateship . . .. 138 674 New Students .. .. .. .. 489 Students re-admitted .. .. .. 6 S Deaths Fellows .. .. .. .. .. 43 35 Associates .. .. .. .. .. 31 18 Students . ... .. .. .. 4 3 Resignations Fellows .. .. .. .. .. 4 9 Associates Students .. .. .. .. *a .. .. .. .. .. 28 57 53 53 Reinovals Fellows .. .. .. .. .. 1 - Associates .. .. .. .. .. 21 - Students .. .. .. .. .. 163 169 The numbers of Fellows Associates and Students on the Kegister of the Institute at 31 December 1948 and at the same date in 1947 were as follows:- At 31 Decembev 1947 1948 Increase Fellows .. 3,590 3,769 179 -4ssociates .. 7,015 7,391 376 10,605 11,160 555 Students .. 1,621 1,912 -291 ____ . The net increase of 655 in the number of corporate members in 1948is very close to the record figure of 560 reached in 1944 and well above the average for the five years 1943-1947 of 489. The rate of growth of corporate membership is now more than double what it was before the war; thus for the five years 1935-1939 the average was only 254.This striking difference is largely due no doubt to the increased output of trained chemists from the universities and technical colleges during and since the war but there is reason to believe that it also reflects a growing tendency for those with appropriate qualifications to seek admission to the professional body. These membership figures may be regarded as satisfactory but ~71 there are still many chemists qualified for admission to the lnstitute who have not applied for membership. In order that the Institute may be able to speak and act more fully for the profession of chemistry as a whole-a matter of special importance in these times-it should have the support of all chemists of standing and repute and the Membership Committee set up in 1947 has con- tinued to examine means of attracting to membership of the Insti- tute a still larger proportion of the suitably qualified chemists in the country.Certain long-term proposals put forward by the Com- mittee during the year have not yet been considered by the Council but useful work has been done in several directions. Thus the Committee has prepared a leaflet for students of chemistry setting forth the reasons why they should become Registered Students of the Institute as soon as they are eligible and thus participate in the Institute’s activities and be in a favourable position to proceed to corporate membership when qualified.This leaflet should be available for issue early in 1949. The thanks of the Council have been accorded to the Committee of the London and South-Eastern Counties Section who initiated this project and gave valuable help in preparing yreliminai-y drafts. The Membership Committee has also been concerned with means for arousing and guiding the interest of school-boys and girls in chemistry as a profession. The brochure entitled “The Profession of Chemistry,” first written many years ago by Mr. K. B. Pilcher the former Registrar and Secretary has been in its various editions of great value for this purpow both to school-children and to their parents. It has been concluded however that even the abridged edition puhiished in 1944 is already in need of extensive revision in order to bring it hto line with presenr-day practice alid interests and thc ltreinbersliip Committee is addressing itseif to this task.Another line of approach is through what are commonly called “careers talks” and some interesting experiments in this field were made in the latter part of the >-car by the Manchester arid 17istrict Section and the London and South-Eastern Counties Section. An article on this general topic with speck1 reference to the experience gained from these Local Section meetings is being prepared at the instance of the Membership Conmiittee for publication in JOL’IINAL AND PROCEEDINGS. It may be u~.llto emphasise again that the object of the Member-ship Committee is not to institute or conduct a mere propaganda campaign for increased membership but to suggest and develop means whereby the benefits and privileges of membership niay be improved and extended so as to secure the active support of a still greater proportion of British chemists not only for the Institute itself but also for thc societies associated with it on the Chemical Council.L SI Particulars of iiidividual menil>ei-s;~iidinformatioil ahiit t 1,cir geographical distribution were made generally available ior the first time since 1938 by the publication in the autumn of the Register of Fellows and Associatrs at 31 March 1948 (JOURNAL AND PKO-CEEDINGS 1948 171 322). The smallness of the nuxber of errors to which attention has been drawn since publication is a measure of the success with which the difficulties of preparing this Register after.a gap of 10 years have been overcome. Ihiring that interval membership had grown from 7,034 to 10,744 and changes liad occurred in the addresses or occupations of the majority of those who were members in 1938. The Council has paid a tribute to the exceptional energy and experience brought to bear on this task by Miss Cawston Assistant Secretary who with the valuable co- operation of Mr. Raymond Deputy Executive Officer undertook the whole of the detailed work and established a high standard for future editions. The thanks of the Council were also accorded to the Printers Messrs. W. Heffer 8 Sons Ltd. for their advice and co-operation in the production of the book.'The information contained in the new Register will be of great value not only to the Institute and its members but also to Government Departments industry and the public and tributes to its usefulness have already been received from many quarters. Among the particulars in the Register is membership of the Chemical Society and of the Society of Chemical Industry and a special sign is used to distinguish those who were in 1948 joint subscribers to at least the three chartered chemical bodies. The number of such joint subscribers has continued to increase and at 31 December 1948 stood at 3,302. This compares with 3,240 at the end of 1947 and 2,382 at the end of 194.2. During the year the business organisation of the Con joint Chemical Ofice was thoroughly overhauled and there is reason to believe that many of the diffi-culties which inevitably beset an institution established dia-ing the war will be overcome in the ensuing year.THE COUNCIL AND COMMITTEES AND REPRESENTATIVES OF THE INSTITUTE ON OTHER BODIES At the Annual General Meeting 1948 Professor F. Challenger and Mr. E. T. Osborne were elected to fill the vacancies ammg Vice-Presidents caused by the retirement of Mr. A. L. Eacharach and the late Dr. William Cullen on completion of their terms of office. There were no other changes among the Officers but there was a considerable alteration in membership of the Council through the automatic retirement of members who had served for threi. con- secutive vears. 91 1)uring the year 10 meetings of the Council kvcw held one of them in the Hotel Russell owing to the Couiicil Chamlxr being in the hands of the builders.Committees of the Council and of the Institute that havc been active during the period are listed below with the names of their Chairmen (since the Anniial General Meeting 1048) and the niinibers of meetings held. Committees of Council Finance and House Committee . . . . The Tveasuyer 8 Nominations Examinations and Institu-The President with Prof. 10 tions committee. H. V. A. Briscoe Vice-President as Vice-Chairman. Publications and Library Committee . . Prof. F. Challenger T'icr-9 President. Special Purposes Committee . . . . The Prcsidrnt 1 Standing Committees of the institute -4ppointments and Economic Status Com- Prof.A. Findlay Vice-5 mittee. President with Dr. F. Roffey as Vice-chairman. Benvolent Fund Committee .. . . The Treasurcr 8 Scientific Courses Committee . . . . Prof. F. Challenger Vice-1 President. Ad hoc Committees of the institute committee on Revision of Charter and By-Prof. A. Findlay Vice-3 Laws. President; (Acting Chairman The Presi- dent). Membership Committee . . .. . . Prof. F. Challenger Vice-6 President. Advisory Committee on Indian and Prof. A. Findlay Vice-2 Pakistani Affairs. President. The representatives of the Institute on Joint Committees that have been active during the year were as follows:-The Chemical Council Mr. R. C. Chirnside Professor A. Findlay Rlr. G.Roche Lynch and The Treasurer. The Joint Council of Professional Scientists Mr. M. B. Donald Professor A. Findlay Dr. R. P. Linstead Mr. G. Roche Lynch Sir Robert Pickard and the Secretary. The Joint Library Committee Mr. A. L. Bacharach Professor H. V. A. Briscoe Mr. H. W. Cremer and Professor A. Findlay. The Joint Committee of the Institute and the Society of Public Analysts and Other Analytical Chemists The President Dr. J. F. J. Dippy Professor A. Findlay Mr. E. T. Osborne Mr. R. W. Sutton Mr. E. J. Vaughan and the Registrar. 101 Joint Committccs on Sational Certificates (a) with the Ministry of Education (England and \Vales) Professor H. V.-4 Briscoe Mr. R. C. Chirnside Professor A. Findlay Mr. J. A. Oriel and Mr.A. J. Prince. (b) with the Scottish Education Department Professor J. W.Cook JIr. G. E. Dodds and Dr. K.13. Strathdee. The representatives of the Institute on other bodies have been as follows:-The Parliamentary and Scientific Committee Professor A. Findlay (a Vice- President of the committee) and Dr. H. J. T. Ellingham. Sub-committee on Technical Education Mr. R. I,. Collett. The Poisons Board (Pharmacy and Poisons _%ct,1933) Statzetory Appoigzt-wenf Mr. G. Roche Lynch. The Advisory Committee appointed under ++he Therapeutic Substances -Act 1926 Professor D. H. Hey. U.K. Food and Agriculture Organisation Consultative Committee Mr. A. L. Bacharach. The Headmasters’ Employment Committee of the Ministry of Labour Mr. R. L. Collett.Ministry of Health Technical Committee on Sewage and Sewage Effluents- Methods of Chemical Analysis Mr. W. Gordon Carey. The National Committee for Chemistry of the Royal Society Professor J. W.Cook. British National Committee of the IVorld Power conference Dr. J. G. King. Royal Intitute of British Architects Conference on Laboratory Design Dr. T. 147. Parker. The Chemical Divisional Council of the British Standards Institution Pulr. E. T. Osborne. The British Chemical Ware Manufacturers’ Committee dealing with Key Industries (Scientific Equipment and Materials) Dr. A. H. Cook. The Oils Fats and Waxes Advisory Committee of the City and Guilds of London Institute Mr. W.El. Simmons The Advisory Committee of the City and Guilds of London Institute on the Dyeing of Textiles Dr.H. H. Hodgson. Joint Committee on the Standardisation of Methods of Chemical Analysis of Potable tFaters Mr. W. Gordon Carey. The Scientific Film Association Appraisals Committee Dr. IT. L. Allen; Sciences Committee Mr. D. 34. Freeland. The Chemical Trades A4dvisory Committee and the Chemical Trades Examination Board of the Union of Lancashire and Cheshire Institutes Mr. R. L. Collett. The Committee on the Education and Training of Laboratory Technicians Dr. H. J. T.Ellingham (Hon. Secretary to the Committee). Russell Square Garden Commission JIr. Ti. 13. Pilcher. A number of Fellows and Associates have continued to serve on various Committees of the British Standards Institution. The following additions to Institute representation have occurred during the year:-Conference on the Standardisation of the yH Scale Professor H.T. S. Britton appointed ; Technical Committee FCC/3-Ethyl Alcohol Mr. E. H. Nurse appointed. r 111 'lhc Institute w~as:~lsooflficiall!. relmsc'ntetl at n iiiirnlxr of special m7ents chiring the year :-The Health Congrtw of the Ko~-:il Sanitary Institute- -by Mr. A. Wooclmansey;The Rubber Technology Conference-by 111.. E. H. Farmer F.R.S. ; Centenary Celebrations of the Thomacon ('ollege of Ikgineering Koorkee-by 1)r. S. Krishna C.T.1'. ; Installation of the Earl of Halifax as Chancellor of the I'ni\wsitj- oi Sliokicld-by Nr. E. .j. I'aughaii. Mr. F. 13. 3Tarrnoy attended as mi ohseri-er on behalf of thc Institute ;I ('onference on the Ksyaiisioii of lfiglm Il:ducation at Oxford.Professor Alexander Fiiidlay returned in July from his extensive tour of India Pakis.t;tn and South Africa and the Council has cs-pressed cordial appreciation of the valuable services he has rendered to the Institute rtiid to the science and profession of chemistry in undertaking this mission and carrying it through with such outstanding distiiiction and success. The thanks of the Coiincil were also arcorded to 311-s. Findlay \vho ~tcconipanicd him throiigliout the journcj-. Reports on the status of tlie profession of chemistry in India ancl Pakistan mid 011 the present ;ind potential position of the Institute's affairs in these two Ihmiiiions have bwii rwei\.etl from Professor FindJay and among the :ictions taken by the C'oiincil on the reconimeridations contained in these report> has been the constitution of an -4dvisory ('oninlittee on Indian arid Pakistani Affairs (JOYIZNAT mi) PKOCEI.~I~INGS, 1948 T' 249).The functions of this Committee are to advise the Comicil on affairs in India and Pakistan and to help and guide Locd Sections that ma)- be formed (see p. 13) and Honorar!- Corres1)ondiiy Secretaries who may be appointed in the two Ilominions. The Committee uiider the Chairmanship of Professor FincllaS. has rnade a good beginning on its difficult task. ?. 1 he Council has also expressed its appreciation of the special service? of Mr. A. L. Hacharach as Chairinan of the Publications and Librarj- Committee from 1046 to 1948 and of Ur.Id*.Roffey as acting Chairman of the Appointments and Economic Status Corn-rnittee during Professor Findlay's absence abroad and accords sincere thanks to all who have served 011 Committees and as representatives of the Institute on other bodies. CONSTITUTIONAL AND ADMINISTRATIVE MATTERS Following consultations with Local Section Conimittees ant1 further cliscussions by the Council agreement was reached earlj. in the year on the ternis of a Petition for a new Royal Charter arid on a draft of the Charter itself. At the Annual General Meeting in Birmingham on 16 April a resolution was passed authorking the Council to present the draft Petition and Charter to His Majesty's Privy Council with a view to obtaining the grant to the Institute by His Majesty the King of a new Tioyal Charter in the terms of the 1131 draft and to agree on behalf of the Institute to any modificatioiis of or additions to the draft that might be necessary or desirable in order to comply with any requirements made by the Privy Council (JOUKNAL AND PKOCEEDINGS, 1948 HI 146).Since then a number of points of detail have been raised by the Privy Council with the Institute’s Solicitors and a few specific proposals for modification of the text were gladly adopted by the Institute Council. By the end of the year most of these questions had been settled and there was reason to expect that the Charter would be granted early in 1949. Although it had been decided not to proceed with revision of the By-Laws until the new Charter had been granted it was clearly desirable that consideration of the principal issues involved should not be delayed.Much useful work was done during the year in preparing the ground for this important task which it is hoped may be brought to completion in 1949. During 1948 three new Local Sections were constituted the Mid- Southern Counties Section covering Dorset Hampshire and the southern part of Wiltshire; the North Wales Section covering the northern counties of Wales including Flintshire which was formerly part of the Liverpool and North-Western Section ; the Bangalore Section serving an undefined area in the south-western part of India. The inaugural meetings of these Sections were attended respectivelj- by the President Professor Findlay and Sir Alfred Egerton.Yeti-tions were received and accepted for the formation of two further Local Sections the South-Western Counties Section to serve the counties of IDevon and Cornwall and the southern part of Somerset ; the Sorthern India Section to be centred on Tlelhi. ’The constitii- tion of these had not been completed by the end of the year. The problem of securing effective representation of all parts of Great Britain and Ireland on the Council has not been finally solved but the Council has put forward principles on which the existing regulations for the elcctioii of District Members of Council might be modified. A statement of these principles with an example of how they might be applied has been coniniuiiicated to Local Section Committees for consideration so that tlic whole cluestion ~naj’bc discussed at the nest Conference of Hon.Secretaries. r. 1 he Council again desires to express sincere appreciation of the valuable work undertaken by the Officers aid Committees of Local Sections. and to accord special thanks to the Honorary Secretaries on whom a major share of the burden necessarily falls. FINANCE HOUSE AND STAFF MATTERS The Financial Statements foi-the year 1 948,which accompany this report (see pp. 31-43) have been drawn up on the same general [ 13 J basis as last year. It will be recalled that the Balance Sheet at 31 December 1947 (JOURNAL AND PROCEEDINGS, 1948 11 70-71) included for the first time the value of the property and chattels of the Institute and that due provision was made for the depreciation of these assets in the General Income and Expenditure Account.In view of these alterations a departure from the established form of the accounts was unavoidable last year but with the publication of the accounts for the year 1948 alongside the corresponding figures for 1947 which were drawn up on similar principles an accurate comparison of the financial position of the Institute in successive years can now be made. The only further ‘modification in the Balance Sheet is in deducting from the value of the Leasehold Building at 31 December 1947 the current value of the Redemption Fund that is being built up to replace it. This course was adopted after consultation with the Institute’s Accountants as giving a clearer indication of the purpose of the Redemption Fund.In presenting the accounts for 1947 at the last Annual General Meeting (JOURNAL AND PROCEEDINGS 1948,111 142) the Honorary Treasurer warned members that a deficit approaching L3,OOO would probably be incurred during 1948. The actual excess of expenditure over income amounts to f12,936 18s.. 7d. The origins of this deficit were explained to members at the last Annual General Meeting in presenting the case for raising annual subscriptions and the present financial statements show that the increased expenditure is spread over many items in the accounts. There are however two basic factors the continued expansion of the activities and services of the Institute and the decrease in the purchasing power of money.The income from Annual Subscriptions and Registration Fees has increased by f1876 over the corresponding figure for 1948-a satisfactory reflection of the continued increase in membership and in the number of Registered Students. In view of the many changes in investments which have been made during the year comparison with dividends and interest earned during 1947 is difficult and some explanation may be necessary. Investments have been made at intervals during the past 70 years and the investment market has altered greatly since the earlier securities were acquired. Some concern was felt at the uneven distribution of securities in respect of capital redemption and the changes made were essentially such as to provide a more ordered sequence of maturity dates.Professional advice was obtained from a firm of Brokers Messrs. C. F. Chance & Co. appointed by the Council. The result has been that in securing this primary object an increase of E850 in the nominal value of the investments has also occurred while the income from the new securities will be f119 per annum more than from those previously held. These advantages have been partially offset however by the diminution both in I143 nominal value of and annual interest from Railway Stocks com- pulsorily converted to British Transport Stock but the total nominal value of the Institute’s investments has risen by E731 as compared with that at the end of 1947.As the practice of showing investments at cost in the Balance Sheet has been continued these advantages are not immediately apparent in the accounts. The slight fall in the income from Investments in 1948is due in part to the reduced income from various Railway Stocks which were converted on 1 January 1948 but the main cause is the sale of L4,OOO 3Q per cent. War Loan beiore the dividend (fT70) for the half-year became due for payment on 1 June; this loss of income is offset of course by the higher price obtained for these securities. An increase of L391 in the nominal value of the Sir Alexander Pedler Fund investments was also achieved without disbursement from the Fund. On the expenditure side Rates and Income Tax under Schedule “A” have increased as a result of the re-assessment of the Institute’s building following rehabilitation of the laboratory after bomb- damage and derequisition by the Holborn Borough Council of the basement cellars which were used during the recent war as a public air-raid shelter.It has been possible also to effect certain minor repairs neglected during the war years and expenditure on Repairs and Maintenance has increased by L150 as a consequence. The establishment of living quarters for resident housekeepers and the provision in the latter half of the year of canteen facilities have also increased expenditure on those items as well as on Light Power and Fuel. The growth of the Institute and the development of its work have necessitated additions to the staff with consequent increase in expenditure on Salaries and Wages.During 1948 one new appoint- ment was made in addition to that of the housekeepers and one member of the staff returned after service with H.M. Forces. The staff establishment of the Institute was thus brought up to 24. Towards the end of the year authority was given for making two further appointments and these will entail additional expenditure in 1949. The continued rise in the scale of charges for Printing and Stationery is largely responsible for the marked increase in ex-penditure on these items both in the General Income and Ex-penditure Account and in the Special Activities Accounts. In July approval was given to an increase in the Examination Fees to be charged to candidates in the following year in order to meet the cost of the higher fees now payable to Examiners and the heavier expenditure entailed in hiring laboratories.It is felt that the holding of examinations should not impose too heavy a burden on the general funds of the Institute and it is expected that the [ 151 deficit on the Examinations and Assessments Account will disappear in 1949 when these changes have come into effect. It is appreciated that many members have their main contact with the Institute through the activities of Local Sections and the Council has been concerned with the importance of giving further support to this side of the Institiite's work. From the figures given in the Local Sections Account it can be seen that the expenditure on Local Sections has risen by L843.It will increase further in 1949 as a result of the improved scale of grants adopted in December. The practice of charging unusual and non-recurrent items of expenditure to the General Contingencies Reserve Account first adopted in 1947 has been continued and revenue which is not applicable to a single year has been credited to this account. Among the charges made against this Reserve Account in 1948 was the cost of certain building work which though improving the amenities of the building could not be regarded as adding materially to its value In view of the substantial balance reniaining on the Intermittent Publications Reserve after provision for the new edition of the Register of Fellows and Associates it was decided not to appropriate any further sum for this purpose in 1948 but it will of course be necessary to make such appropriations in future years.Payment for the Register had not actually been made at the end of the year and the necessary sum (;52,48719s. 5d.)has therefore been included under Sundry Creditors in the Balance Sheet. Examination of the Balance Sheet will show that the financial position of the Institute is almost unimpaired despite the substantial deficit on the General Income and Expenditure Account incurred for the second year in succession. This is due to the established practice of putting Entrance Fees and Life Composition I'ees to capital. In 1948 the sum of 42,176 received from these sources was added to the Investment Fund which shows a net increase of g2,087.The new item in the Balance Sheet the Newton Chambers Prize Fund appears because this fund was first placed under tlie administration of the Institute during the year. ,4t the end of the year a small overdraft at the Bank was arranged in order to meet expenditnre in the last week of December without realising investments. 'Il.:ith the increased revenue to be derived from Annual Sub- scriptions and from Examination Fees in 1949 the excesses of expenditure over income which have occurred in 1948 and in the previous year should disappear and it should be possible to develop the activities and services of the Institute in the interest of members and of the profession without undue restriction through lack of funds.161 I)uring ilw >-ear it ticcame poss"iblc ,it last to get O\lt staniliiig items of w;kr damage to the building repaired. The rep1:tcenient (if windows in the Council Chamber and the Library which had been largely blacked out since 1944,caused general satisfaction and the removal of blast walls which had obstructed the light to the semi- basement was of great advantage. An article on the Institute's building with special reference to its present condition and amenities has been prepared for publicatioii in JOI'IWXJ ANI) I.'HOCEEDINGS (1949,I 3) and it is hoped that members will visit the building when occasion offers particularly during the forthcoming Aniiiversar j. Meetings. BENEVOLENT FUND The Benevolent Fund Committee had it5 attention drawn during the year to three new cases where substantial help was required.The widow of an ,lssociate who had died in 1047 at an earIj- age was left with four children. ;4lthough two of these were b!-a former marriage and had just taken junior Imts provision for the famil\- as a whole was verj. inadequate ancl Irelp ohtxinahle from other quarters was uncertain pending the settlemciit of a iiuinl)cr of legal questions. In these circumstances and in view of the illness of the younger children a grant of Q ~wrweek was mwlc fo the widow until the end of the year after which the lwsition w-ould 1x1 I-eviewcd in the light of subserlucnt cle\*eloi)iiictits. lln immediate grant of L50 was made to the widow of a member who died before the war.She MV~ now 80 years of age and in poor health and the expiry of the lease of the house in which she was living with an unmarried daughter had increased her expenses as well as depriving her of rent which she had long enjoyed from sub-letting part of the house. There is reasmi to believe that financial assistance will be obtainable in this case from other sources and no further call on the Fiiiici has so far been 1na.tlc. An Associate aged 47 imrrkl with two rhiltlrcii of scltool age had suffered a nervous breakdowii ant1 had to give iip his post in order to undergo treatment. His wife had taken inid employment to keep the home together but this had been interriipled by her own illness. An imnicciiate payment of ;5AO xiid a iemporar!- grant of El per week were made to the wife chiring her illness.Sirice the end of the year the Llssociate has recoi-cl sufficientlj- to take ;i new post and a small grant has been imde to enable hiin to rc- establish himself in employment . During the year reguIar grants to four persons came to an end the widow of one inember and the sister of another died; an Associate who had been suffering fronz a serious illness recovered sufficiently to undertake light work which made him self-supporting ; the nine children of a widow had all passed school age and werc 151 able to support themsel\-es aiid their mother without further assistance from the Fund. The total number of persons or families in receipt of regular grants at the end of the year was IT.Most of these were elderly widows or widows with young children. In all cases the help given by the Fund has served to relieve serious distress and where young children were concerned to provide for their education and welfare. The Committee has continued to take a special interest in the children of beneficiaries and has maintained the scheme introduced in 1946 of making special grants up to 510 per child to enable them to obtain a suminer holidaj-. This )-ear the sum allocated for this purpose \vas i177 10s. from uhich 21 children benefited. In order to gi\-e a clearer picture of the operation of the Fund during the year the financial statements ha\-e been preseiited in the form of income aiid expenditure accounts instead of receipts and payments accounts as iii foriner vears.The Benevolent Fund accounts ha\-c thus been brought into line with other Institute accounts. Reference to the Current Account on p. 40 shows that the loans granted aniounted to tJ75. This sum was divided among four members to meet tempom-!. financial difficulties. A review of outstanding loans was made during the >-ear arid repayments amounted to L62 3s. Promises have been rcceivrd of further repayments during 1949 in some cases by regular instalinents. Leaving aside these loan transactions the expenditure on special and regular grants amounted to @,449 against #,431 in 1947 and the total expenditure on current account to @,833 against i2,651. Receipts from subscriptions arid annual siib-scriptions (including those made under Deed of Covenant) were j1,719 against k1,865 in 1947 and if donations be added (but iiot bequests) the total revenue from supporters amounted to L2,277 as compared with @,658 in the previous year.It will be seen that in spite of iiicreased membership therc has been a notable fall in the support given by members and other well-wishers while the calls on the Fund have increased. Part of the increase in expenditure is accounted for however by the increased amount spent on children’s holidays and the larger donation to Reed’s School where a number of children of beneficiaries have received an excellent education. Two of these children are still at the School and admission for others will probably be sought in the course of th’e next few years.It will be noted that a further substantial sum ha5 been received for the Fund from the sale of What Iizdi&ry Owes io ChenzicaZ Scieizce. The copyright of this book was handed over to the Institute by Mr. K. €3. Pilcher for the benefit of the Fund. Con-[ 181 tributors to it gave their services free and the printers Messrs. W. Heffer & Sons produced it on generous terms. Altcgether the Fund has benefited to the extent of @40 from this source and the Committee has expressed its thanks to all who have helped to secure this valuable result. The thanks of the Committee have been accorded to the New Zealand Institute of Chemistry and the New Zealand Section of the Royal Institute of Chemistry and to the Toronto Branch of the Chemical Institute of Canada for their generous action in sending food parcels to regular beneficiaries under the Fund.Residential Clubsfor Elderly People.-In the last Report reference was made to the scheme for establishing and maintaining Residential Clubs for Old People on behalf of a group of professional and trade institutions. Considerable progress has been made with this project and towards the end of the year steps were taken to form a Company limited by guarantee with the provisional title of “Crossways Trust Ltd.” to give effect to the proposals and to secure a suitable property for the first Club. Institutions partici- pating in this scheme will obtain the right of nomination of a resident in such clubs by subscribing a unit sum (probably about L1,OOO) and each resident will pay at an agreed rate (say 3 guineas per week) for board and lodging.The intention is thus to help those whose means are inadequate for them to live in a commercially- run hotel or boarding house and who through age or incapacity are unable to manage their own domestic affairs in other ways. Any member of the Institute and his wife widow or dependant relative who cannot afford the weekly payments for residence may receive help from the Benevolent Fund in the same way as others living in their own homes already do. Since the end of the year a property has been acquired for use as the first residential club under the Crossways scheme. In order to participate in this scheme the Institute will need to raise substantial sums from members and other well-wishers and as soon as the conditions for giving financial support to Crossways have been settled an appeal will be launched for this very worthy object.The Council is concerned to ensure that such an appeal shall not detract from the support given to the Benevolent Fund for its established purposes; indeed as has been indicated above increased contributions are greatly needed for those purposes. It is hoped therefore to make provision for contributions to a Residential Clubs Fund to be made on terms which may enable members and other well-wishers to support both of these charities. PUBLICATIONS AND LIBRARIES The JOURNAL AND PROCEEDINGS has been published in the customary six annual parts but it is intended to make it a monthly [ 191 periodical as soon as conditions permit.It ik; hoped that this may be possible in 1950. In the meantime attention is being given by the Publications and Library Committee to means for improving the Journal and the opinions of members on this question have been invited (JOURNAL AN11 PKOCEEIIINGS, 1948 171 324). The desirability of extending the use of larger type and of including editorials and more articles on professional matters o€ current interest has been generally accepted and plans were approved towards the end of the year for advancing in these directions during 1949. Among special articles that have appeared in JOURNAL AND PROCEEDINGS in the year under review were :-“ The Royal Institute of Chemistry Its Place Among British Chemical Societies and Institutions,” 111 167 ; “An Indian Tour,” by Professor Alexander Findlay-,V 269; “Transferability of Pension Rights,” by Mr.Harry IVard 171 312; “A South African Diary,” by Professor Alexander Findlay VI 318. A report on Remuneration Statistics (11 101) and an article on the Register of Fellows and Associates (VI 322) also appeared during the year. In the series of Lectures Monographs and Reports which is being developed as an important separate group of Institute publications the following were issued during the year:- “Nutritional Requirements of Man in the Light of War-time Experience.” Eleventh Gluckstein Memorial Lecture (1947) by Sir Jack Drummond F.R.S.“The Determination of Alcohol,” Third Tatlock Mernorial Lec- ture (1947) by Dr. J. K. Nicholls. “Chemistry and Medicinal Treatment,” Third Dalton Lecture (1947) by Sir Henry Dale O.M. G.B.E. F.K.S. “Some Applications of Acetylenic Compounds in Organic Synthesis.” Meldola Medal Lecture (1947) by Dr. A. W. Johnson. “The Fertilisers and Feeding Stuffs Act and Some Analytical Implications,” Thirtieth Streatfeild Memorial Lecture (1947) by Mr. George Taylor. “Chemical Ciyliering X Universal Code as an Aid to Chemical Systematics,” by Messrs. M. Gordon C. E. Kendall and W. H. T. Davison. “The Chemical Research Laboratory Teddington,” by Dr. R. P. Linstead C.B.E. F.R.S. “The New Fluorocarbon Chemistry,” by Professor hl.Stacey. [BO] In addition to the above publications which have been issued free of charge to all members and registered students reports of proceedings at the following conferences have been published for issue to those who :Lttmdetf; copies are :tvailnblc to others by purchase :-Proceedings of a Colloquium (Dublin 1947) on “The Industrial Utilisation of Agricultural Products and of Seaweed ” published jointly with the Irish Chemical Association. 5s. net. Report of a Symposium (St. Llndrews 1947) on “Coal Petroleum and their Newer Derivatives.” 7s. 6d. net. The publication during the year of The Register of Fellows and Associates at 31 March 1948 is referred to above (see p. 19) as an event of outstanding importance.Following the replacement of windows in the Library of the Institute further progress has been made in the rearrangement of books and periodicals and in improving facilities for their consulta- tion. In addition to the privileges accorded to Fellows Associates and Registered Students in the use of the Library of the Chemical Society at Burlington House and by ticket of the Science Library at the Science Museum South Kensington Fellows and A4ssociates are now permitted to use the University Library at the Senate House University of London on application being made through the Office of the Institute. NOMINATIONS EXAMINATIONS AND INSTITUTIONS The Nominations Examinations and Institutions Committee has met on the Friday morning before each meeting of the Council and when necessary on the previous Thursday afternoon.The number of applications reported on during the yea was 1,790 compared with 1,544 in 194’7. New Regulations for the admission of Fellows were promulgated in August an explanatory article being published in JOURNAL AND PROCEEDINGS, 1948 IV 240. The name of the Treforest School of Mines and Technology was added to the list of Institutions recognised for training candidates for admission to the Associateship and several other Colleges have been visited with a view to such recognition. The Committee for oral examinations under the Chairmanship of Professor H. IT. ,?. Rriscoe with Dr. J. K. Nicholls as his deputy i 211 has held 22 meetings and has interviewed 158 candidates with the following results :-Under Para.111 (p. 17 of Regulations) . Passed .. 46 Referred for further study and re-examination.. 6 -52 TJnder Clause I (C) (p. 14 of Regulations) .. Passed .. 57* Referred .. 24 Declined .. 2 83 Applications for direct admission to the Passed .. 6 a. Associateship . . .. .. Referred .. 5 -11 Applications from Associates for admission Passed .. 3 to the Fellowship. Referred .. 1 _I 4 Applications for admission to the Fellow- Recommended 3 ship direct. Students applying for exemption from pre- Accepted . . 4 liminary exapination . .. .. Declined .. 1 -5 158 -* Of whom 7 had been previously referred for further study and re-examination. The following members of the Council have also acted as Examiners on the Committee The President Mr.Bacharach Dr. Booth Mr. Chirnside and Professor Linnell. By the courtesy of the Universities of Birmingham Leeds London Manchester and of the Royal Technical College Glasgow and the Central College Bangalore India examinations were held in their laboratories during the year. The thanks of the Council were also accorded to several Fellows for individually giving facilities for examination. The entries to examinations and the results are summarised below :-Examined Passed A ssocialeship in England .. .. .. .. 287 123 , in India . . .. .. .. .. 6 3 Branch C. Organic Chemistry Fellowship; .. .. .. 6 4 High Polymers .. with special reference to- .. .. 5 2 Fine Chemicals .... .. 1 0 Petroleum . . .. .. .. 1 0 Oils and Fats .. .. .. 1 1 E. Chemistry including Microscopy of Food and Drugs and of Water 25 16 G. Industrial Chemistry with special reference to-Dyes and Intermediates Portland Cement .. .. .. .. .. 1 1 1 0 Refractory Materials .. .. I 1 H. General Analytical Chemistry .. 3 2 Special Examination in Pharmaceutical Analysis 1- 1 c_ 330 164 z====i __1 Thus 46 per cent. of the candidates passed approximately the same as in 1947 when the number of candidates examined was 224 of whom 103 passed. The Council again acknowledges the valuable help of the Indian Advisory Committee and its Honorary Secretary Dr. G. J. Fowler in furnishing reports and advice on applications and of Dr.Fowler and Dr. K. S. Rau in supervising the Examination for the Associate- ship held at Bangalore in March. The thanks of the Council are also due to the Board of Examiners to the Sub-committees of Local Sections for examining candidates for exemption from preliminary examination and to the numerous members who have supplied reports on applications. MEETlNGS The following lectures were delivered during the year under the auspices of the Institute :-“The Role of Ion-Solvent Interactions in the Theory of Strong Electrolytes,” Meldola Medal Lecture by Mr. R. H. Stokes on 16 January. The Chemical Research Laboratory Teddington,” by Dr. R. P. Linstead C.B.E. F.R.S. in Birmingham on 15 April. “The New Fluorocarbon Chemistry,” by Professor M. Stacey in Birmingham on 16 April.“An~sthetics,” by Professor H. B. Nisbet on 15 October. “Some Experimental Studies in the Chemistry of Nitrogen Compounds,” Thirty-first Streatfeild Memorial Lecture by Professor J. C. Earl on 19 November. “Through Chemistry-Adornment,” Fifth Dalton Lecture by Dr. C. J. T. Cronshaw in Manchester on 25 November. A special meeting held in London on 6 November took the form of a Conference on “The Origins and Prevention of Laboratory Accidents.” This was arranged in collaboration with the Institute of Physics and the Institution of Metallurgists and aroused wide- spread interest. A full report of the proceedings will be published early in 1949. The following records of meetings held by Local Sections- many of which were arranged jointly with other bodies-have been supplied by Hon.Secretaries; Annual General Meetings and other meetings held solely for the transaction of Section business and meetings arranged by other bodies to which members were invited are not included:- Aberdeen and North of Scotland Visit to the Chemistry Department University of Aberdeen and demonstration of research work in progress; “Application of Acetylenic Compounds in Organic Synthesis,” by Dr. A. W. Johnson; “Some Stereochemical Problems,” by Professor E. E. Turner F.R.S.; Visit to industrial plants at Fraserburgh; Film Show; “Problems ~31 lnvolved in the Generation of Useful Power from Nuclear Energy,” by Sir Wallace A4kers C.B.E.;“ Macromolecular Adventures with the Electron Micro- scope,” by Professor 1%‘.T. Astbury F.R.S.; Christmas Lectures “The Chemistry of Living Things,” by Dr. P. Eggleton. Belfast and District School Children’s Tawtiire “-1(’hemical Christmas Tree,” by Dr. C. L. 1Vilson; “Some Aspects of the Tinplate and Can Manu- facturing Industries,” by Mr. A. J. Iiowarcl; “Recent Developments in the Vitamin A Field,” by Sir Ian Heilbron D.S.O. F.R.S.; “Industrial Uses of Plastics,” by Mr. H. V. Potter; Visit to the Linen Research Institute Lambeg; “The Alumina and A1ui;ninium Hydrate Industry,” by Mr. A. N. Xdamson; “The Development of Chemical Institutions,” by Dr. H. J. T. Ellingham; “Lubricating Oil Production and Methods of Testing,” by illessrs. Gall and Pohl; “Some Aspects of Plastic Manufacture,” by Dr.13. G. R. Bacon; School Children’s Lecture “Christmas Fruits and Fancies,” by Dr. R. G. R. Bacon. Birmingham and Midlands “Tools of Paint Research,” by Dr. S. H. Bell; “Recent Advances in Building Research-Some Chemical Aspects ” by Dr. T. W. Parker; “Valency,” by Professor W. Wardlaw; Visit to Courtaulds TAd. Coventry; “Some Physico-Chemical ilspects of Viscose Rayon Spin- ning,” by Mr. L. Rose; Visit to the Fruit and Vegetable Preservation Research Station Campden; “National Coal Board Research,” by Dr. W. Idris Jones; “The Part-time Training of the Chemist,” by Dr. H. C. Smith; “How can Journal and Proceedings be improved,” by NIr. E. RI. Joiner; Christmas Lectures “Chemistry and the Conquest of Iheases,” by Professor M. Stacey; “Colour and the Chemist,” by Dr.H. C. Smith. Bristol and District “Recent Developments in the use of Organic Reagents in Chemical -%nalysis,” by Mr. G. 14. Osborn; “The Local Organisation of Chemists,” a discussion; “The Formation of Ethylenic Polymers,” by Dr. H. W.Melville F.R.S.; “Recent Developments in Combustion,” by Dr. I). T. -4.Townend; “The Tools of Paint Research,” by Dr. S. H. Bell; “The Public Analyst Overseas,” by Mr. J. F. Clark; Visit to The British Drug Houses (Laboratory Chemicals Group) Poole; “Plant Growth Substances,” by Dr. I). IVoodcock; “The Intrinsic Conductivity of Organic Substances,” by Dr. 1). I). Eley; “Market Research in the Heavy Chemical Industry,” by Mr. W.J. Masscy; “HydroPuoric Acid,” by Mr. R. J. Kingdom; “Recent Advances in Chromatography,” by Dr.T. I. M‘illiams; Social Meeting and Film Show; “The Physiological T<fiects of Nuclear Fission,” by Dr. Katharine 1Yilliams. Cardiff and District “Uithizone and Trace Metal Analysis,” by Dr. H. M. N. H. Irving; “Some Chemical Problems in the Paper Industry,” by I)r. j.Grant; “Dust Explosions in Industry,” by Dr. I). Matheson; “Organic Chemistry in the Photographic Industry,” by Ur. J. I).Iiendall; Visit to the Department of Metallurgy and Fuel Technology University College Cardiff; \‘isit to Ely Paper IYorks Cardiff; “Estimation of the Durability of Building Materials,” by llr. ‘r. M7. Parker; “Coal Chemistry and Constitution,” by Professor S. G. Ward. Dublin and District “Blood Examinations in Forensic Medicine,” b3 Ur.J. McCrath; “National Chemical Institutions,” by I)r. H. J. T. Ellingham; “The Production and Uses of Radio-active Tracers,” by Professor H. J. EmelCus; “Synthetic Liquid Fuels,” by Mr. E. K. Stuart. East Anglia “Modern Developments in Protective Coatings”-“Paints,” by Mr. W.H. Ferguson “Plastics,” by Mr. Nancarrow; “Forensic Science,” by 1)r. F. G. Tryhorn; “Soviet Science,” by Dr. J. G. Crowther; “Solvents and lntermediates from Petroleum,” by Mr. I,. hi‘. Chubb; “Plant Growth Factors and IIreed Killers,” by Dr. Holmes; “Some Problems in Food Research,” by [ 24 ! 3liss 11.1. Olliver; “Soil lqc-rtility,” by Dr. K. Stewart; “‘Thv lnalyticxl Charac- teristics of ,llkyd liesins,” by lh-.I\-.S.Hanipson. East Mid lands “Chemical Carcinogenesis and ISxperimental Cliciiiotlierapy of Cancer,” by Professor 13.Royland; “Chemical Engineering Aspects of Handling Sterile Medical l’rotlucts ” by-Dr. Edgington; “Modern Industrial Development and Research in Relation to the Scientific Department of thc National Coal Board,” by Dr. Idris Jones; “The Hydrob.cn Bond in Organic Chemistry,” by Professor I,. Hunter; “ISlcctronics applied to the Chemical Industry,” bjr Dr. H. A. Thomas; “,Active Carbon,” by Dr. TI. I,. Riley; “Some Problems in Fine Chemical Manufacturc,” by Dr. G. >I. 1))ison; “Sonic Observations on Pharmacopoeias ivith Special Rcfercncc to J3.Y. 1048,” by Dr. C. H. Hampshire. Edinburgh and East of Scotland “Some Recent Developments in ,llkaloid Chemistry,” by Dr. H. 1‘. Openshaw ; ‘“l’hc Clicniistry of liumination,” by Dr.James Stewart; “Proton Transfer and Analogous Reactions,” by Professor W. F. li.Wynne Jones; “Practical Aspects of \.Vetting and Detergency,” by Dr. E. S. Paice; “Some Xspccts of the Chemistry and Biochemistry of Poly-cyclic Aromatic Hydrocarbons,” by Professor J. \V. Cook F.L<.S.; “The Chemical Research Laborator>- Teddington,” by Dr. 13. 1’. Linstead C.B.E. F.1i.S.; “Bread and Its Influence on History,” b}-L)r. D. JV. Kent-Jones; “h-ature’s Treasure House-Coal” (Lectures to School Children) by Professor H. B. Nisbet. Glasgow and West of Scotland “Professional Affairs,” a discussion; Visit to Port Dundas Distillery of The Distillers Co. Ltd.; Visit to Westburn Sugar Refineries Greenock; Visit to Imperial Chemical Industries Ltd..Ardeer Factory; “Chemistry of Some Carbohydrate Constituents of Bacteria,” by Professor M. Stacey; “Radio-active Isotopes and their Uses,” by Professor H. J. Ernelkus F.R.S. Huddersfield “Recent Developments in Partition Chromatography,” by Dr. R. R. Goodall; “The Chemist in the Photographic Industry,” by Dr. H. Baines; ‘The Laboratory and the Investigation of Crime,” by Mr. G. Roche Lynch O.B.E.; Visit to works of Messrs. Steel Peech and Tozer Sheffield; Visit to Frickley Colliery; “Reactions of Aliphatic Sitro-compounds,” by Mr. J. D. Rose; “Anatomy of a Chemist,” by Dr. T. S. Stevens; “Colour Photography,” by Dr. C. H. Giles. Hull and District “Forensic Science,” by Dr. F. G. Tryhorn; “The Optical Properties of Molecules,” by Professor E.G. Cox; “The Electrochemical Mechanism of Corrosion,” by Mr. V. R. Evans; “Organisations for English- speaking Chemists,” by Dr. H. J. T. Ellingham; Visit to British Industrial Solvents Ltd.; “Some Problems in the Production of Useful Power from Nuclear Energy,” by Sir Wallace ,\kers C.B.E. ; “Fluorocarbons and Kelated Compounds,” by Dr. J. P. Baxter O.B.E. Leeds Area “Electrostatic Hazards in Chemical Industry,” by Professor E. G. Cos; “The Mechanism of Oxidation-Reduction Reactions,” by Professor M. G. Evans; “Microchemical Methods in Forensic Analysis,” a symposium by Dr. J. B. Firth Dr. G. E. Turfitt and Mr. E. Pedley; “A Tour in India,” by Professor A. Findlay C.B.E. Liverpool and North-Western “Some Reflections of a Public Analyst,” by Mr.A. Lowe; “Technical Uses of Soap in Industry,” by Mr. G. F. Reynolds; “The Chemistry of Deterioriation in Milk Powder,” by Dr. C. H. Lea; “X-ray Study of Glyceride Polymorphism,” by Dr. T. Malkin; “Absorption Spectra as Chemical Tools,” by Dr. A. E. Gillam; “The Use of Oil-bearing Seeds in Compounding Animal Feeding Stuffs,” by Mr. H. M’eatherall; “Some Aspects of Forensic Science,” by Dr. VC’. H. Grace; “The Fine Structure of Certain Organic Molecules,” by Professor J. M. Robertson; “L\dditions to the Periodic c 25 1 Classification,” by Dr. J. P. Baxter 0.13.E.; “By Sea and Air to South. American Oil,” by Nr. J. S. Parker. London and South-Eastern Counties “Science in Parliament,” by Mr. H. N. Linsteatl O.B.E.M.P.; “The Functions of the Expert Witness in Litigation,” by hlr. Lionel Heald K.C. ; “The Relationship between Academic and Industrial Research,” by Dr. F. -4. Freeth O.B.E. F.R.S.; “Keactions of Benzoyl Peroxide,” by Professor D. H. Hey; “The Chemist in the Flour Mill,” by Dr. C. Mi. Herd; “The Chemistry of Packaging,” by Ilr. G. L. Riddell; “Nutrition in Kelation to Post-war Problems,” by Dr. 1’. \Vokes; “Colour Photography,” by Dr. H. Baines; “Physico-chemical rlspects in Interpreting Drug Action,” by Dr. ,4.Albert; “A Day in the Life of an Alkali Inspector,” by Mr. IT.-\. Damon C.B.E.; “Emulsions and Emulsification,” by Dr. A. E. Alexander; Symposium on “Laboratory Lay-out and Construc- tion,” by Mr. C. L. Prior Professor W.H. Linnell Mr. J.Haslam Dr. F. H. Milner and Mr. G. Sykes; “Recent Developments in Horticultural Chemistry,” by Dr. I<. L. Wain; “liesearch on Linen,” by Dr. ,4. J. Turner; “Estimation of Durability of Building Materials,” by Dr. T. IV. Parker; “Careers for Chemists”-two discussions opened by Dr. N. Booth; “Methods of Deter-mining Molecular Weights of Polymers,” by 51r. G. R. Cornish; “The Per-formance of Paint Films,” by Mr. C. H. Young; “Effect of Cyanides on Treatment of Sewage in Percolating Filters,” by Mr. A. E. J. Pettett and Mr. H. pu’. Thomas; “Protection of Chemical Inventions,” by Dr. J. G. Fife; “Polypeptide Antibiotics-Biological Polymers ” by Dr. T. S. G. Jones; “Physical Chemistry in Iron and Steel Processes,” by Sir Charles Goodeve O.B.E. F.R.S. ; “Protein-Detergent Complexes and their Uses in Industry,” by Dr.K. G. A. Pankhurst; Symposium on “Radioactive Tracer Elements,” by L)r. T. 13. Rymer Dr. H. Scligman Dr. D. Taylor Dr. R. Scott Russell and Dr. T. G. Taylor; “Corrosion of Metals,” by Dr. F. Wormell; “The Electron Microscope,” by Mr. M. S. C. Birbeck; “Drug Action Ions and Molecules,” by Dr. A. Albert; “The Theoretical Basis of Photography,” by Mr. R. J. Hercock. Visits Brewery of Style and Winch Ltd. Maidstone; Dartford Works of the West Kent Sewerage Board; Shell Haven Refinery; J. Lyons and Co. Ltd. Hammersmith; National Institute for Research in Dairying Shinfield; Whale Factory Ship Southern Adventurer South Shields; Tate and Lyle Ltd. Silvertown Refinery; Fuel Research Station (D.S.I.R.) Greenwich; Wye College of Agriculture; Pharmaceutical Specialities (May and Baker) Ltd.; Imperial Chemical Industries Ltd. Paints Division Slough. Visits for Students Thomas Morson and Sons Ltd.; Shell Haven Refinery; Baird and Tatlock (London) Ltd. Several Scientific Film Displays. Manchester and District “Crystallisation of Fertilisers,” by Dr. ILI. P. Appleby; “Nitration by Mixthres of Nitric and Sulphuric Acids,” by Dr. G. M. Bennett C.B. F.R.S.; “Food Appreciation and Chemistry,” by Dr. H. Wilkinson; “Terylene,” by Mr. J. R. Whinfield; Visit to thc Manchester School of Signalling; Visit to Thomas Hedley’s Works Trafford Park; Visit to Telephone House Manchester; Visit to Manchester Oil Refineries Ltd. ; Visit to Manchester Docks; Visit to Sandhole Colliery Walkden; “The Bio- chemistry of Vitamin A,” by Professor R.A. Morton; Film Show; “Studies in Australian Plant Chemistry,” by Professor J. Reed F.R.S.; Meeting for School Children; Fifth Dalton Lecture “Through Chemistry-Adornment,” by Dr. C. J. T. Cronshaw; “Aromatic Nitration,” by Professor C. K. Ingold F.R.S. Mid-Southern Counties Inaugural iaeting; Visit to Long Ashton Re- search Station Bristol; “The Uses of Modern Physical Methods in r 26 1 Biochemistry,” by Dr. J. E. Pagc (at Bournemouth and Salisbury); “Recent Llclvances in the Use of Organic Reagent in Analysis,” by AIr. G. H. Osborn (at Portsmouth and Southampton). Newcastle upon Tyne and North-East Coast Symposium on “Polar-ography,” by Dr. F. R. Williams Dr.IY. C. navies Mr. P. G. Pachman Dr. A. 13. J. Vickers Dr. A. E. Martin and Dr. C. \Ir. Price. North Wales Inaugural Meeting “The Chemist and the Community,” by Professor A Findlay C.B.E.; “Research Activities of the National Coal Board,” by Dr. W. Idris Jones; “Sulphonides and Sulphonium Compounds in Biological Chemistry,” by Professor F. Challenger. Sheffield South Yorkshire and North Midlands “Science and the World Situation,” by Mr. K. S. Hubbard; “Oxygen Production,” by Mr. D. J. D. Unwin; “Some Aspects of the Chemistry of Aromatic Sulphur Compounds,” by Mr. L). P. Dodgson; “Penicillin,” by Mr. A. L. Bacharach; Visit to Glass \Z-orks 12‘ood Bros. Barnsley; “Thirty Centuries of Glass,” by Professor 13. Moore; Film Show; “Forensic Ballistics,” by Chief Inspector G.Price; “Problems in the Production of Useful Power from Xuclear Energy,” by Sir Wallace Akers C.B.E. South Wales “Dithizone in Trace-Metal Analysis,” by Dr. H. M.S. H. Irving; Symposium on “Applications of Atomic Energy,” by Mr. K. G. Wood Mr. B. Flowers and Mr. L. E. G. Roberts; “Thc Corrosion of Metals,” by Or. W. H. J. Vernon O.B.E.; Film Show; “Theoretical and Industrial Aspects oi Flocculation with special reference to Pollution,” by Mr. J. 0. Samuel; “Metallic Crystals in Industry,” by Professor H. O’Neill; “Problems Arising in the Teaching of Chemistry in Schools,” by Mr. C;. Gregory. Tees-side Film “Atomic Physics”; “The Chemical and Biochemical Oxidation of Polycyclic Aromatic Hydro-carbons,” by Professor J. W. Cook F.R.S.; “The Photographic Latent Imagc,” by Dr.H. Baines; “Modern Plastics,’’ by Dr. R. G. Hayes; “Recent Work on the Compressibilities of Gases at Low Pressures,” by Professor R. W. IVhytlaw-Gray F.R.S.; “The Structure of Antibodies and the Nature of Serological Reactions,’’ by Professor Linus Pauling; “The Use of Factorial Experiments for ChemicaI Investi- gations,” by Mr. K. ll.Brownlee; “What has been Achieved by the Use of Atomic Energy,” by Professor 1:. A. Paneth F.K.S.; “Potentialities of Peroxides in Formation and Breakdown,” by Dr. E. H. Farmer F.R.S.; “Properties of Gases at High Pressures,” by Professor ;I.Michels; “Chemical licsearch and Some Problems of Wool Technology,” by Mr. B. H. Wilsdon. India-Bangalore Inaugural Meeting-Address by Sir Alfred Egerton.Cape of Good Hope “Modern Tar Distillation,” by Dr. K. U‘.I;. Tait; “Natural Resources and Industrial Products,” by Professor A. Findlay C.B.E.; “Some Remarks on Food Poisoning,” by Dr. 1’. E. A. Kamcrinan. New Zealand Combined Annual Conference with the New Zealand Institute of Chemistry at Dunedin. STATUS PRIVILEGES AND EMPLOYMENT OF MEMBERS The reinuiieration statistics obtained as the results of the inquiry sent out in October 1947 were published in JOURNAL AND PROCEED-INGS,1948 11 101. The Council has expressed its gratification at the very high proportion (84 per cent.) of the total members of the Institute both at home and overseas who returned their cards and thus helped to make this inquiry truly representative. There is a good deal of evidence that the publication of these statistics has been helpful both to chemists and to employers and those who are called upon to act ior or to advise employers and public authorities.The Appointments and Economic Status Committee jointly with the Society of Public Analysts and Other Analytical Chemists has been engaged in considering the conditions of service of Public Analysts and there is now some hope of direct negotiations between the Association of Miiniciyal Corporations the County Councils Association and representatives of the Public- Analysts themselves. During the year this Conmiittee has been actively engaged in discussions 011 the position of biochemists in hospitals under the National Health Sen-ice.It was hoped that a Joint Committee might be set up under the auspices of the Ministry of Health but the Institute was eventually iniornied that the Minister whik agreeing that such a Coniniittee was desirable felt that it was better that it should be formed and convened by the appropriate professional orgaziisations rather than by the Ministry. The Ministrj-would however be interested and would send representatives as observers. Negotiations are sti11 pr( )ceeding. The interests of chemists employed by the Transport Com- mission and as Gas Examiners have also received consideration. The totaI number of vacaiicies no’iiiicd for inclusion in the Appointments Register during the year was 2,838. 661 members have used the service in some period of the year and 318 are now- receiving the lists.The number of members unemployed remains very small. By reason of the service the Registrar is in a position to advise not only members who are seeking to obtain appointments or contemplating a change but also numerous members and others acting for employers. In a very large number of instances em- ployers have been willing to modify the terms of their offers on the advice of the officers of the Institute when in the view of the latter the conditions of service proposed were not such as to attract applicants of appropriate qualification and standing. During the year further progress has been made in collaboration with representatives of the Association of British Chemical RI anu-facturers and of the Standing Coinmittee of Directors of Research Associations in draftivg “Notes on Terms of Engagement of Chemists ” to replace a previously issued document entitled “Sug-gested Clauses for incorporation in Contracts of Service for Chemists” which has been withdrawn as ,a result of criticisms by certain Local Sections.Comments on a draft of the new document ham been received from the Councils of the Institute and the A.B.C.M. and these will be considered at an early date by the Joint Committee with a view to arriving at an agreed text. The Officers of the Institute have continued to give advice to many individual members on professional problems of very varied kinds and this service has been greatly appreciated. OTHER EDUCATIONAL AND SCIENTIFIC MATTERS There were no extensive Scientific Courses or Conferences held under the auspices of the Institute during the year but the one-day conference on “The Origins and Prevention of Laboratory Acci- dents,” referred to on p.23 was an event of special importance. conference on “T,aboratory Lay-Out and Construction,” arranged by the T.ondon and South-Eastern Counties Section also attracted much attention. Reports of these two conferences will be published as soon as possible. The foundatiou of the P. F. Frankland Memorial Lectures on the initiative of the Birmingham and Midlands Section has already been mentioned. Towards the end of the year arrangements were made for the first lecture in this series t.0 be delivered bv Dr. L. H. Lampitt. Fillancia1 responsibility for future Dalton Lectures hitherto borne by the hhchester and District Section has been handed over to the Council.The Meldola Medal for 1947 was awarded to llr. James Raddiley. Awards from the Sir George Beilby Memorial Fund in respect of 1947 were referred to in the last Report. Substantial incrtmes took place in entries for National Certifi- cates in Chemistry under the schemes administered jointly by the Institute and the Ministrj. of )(:ducation (England and Wales) the Scottish Education 1)epartnirnt and the Ministry of Education (Sorthern Ireland). 111 13nglanti and Vi’a1t.s 539 candidates entered for the Ordinary Xational Certificate of whom 341 passed; 152 of the 200 candidates for thc Higher National Certificate were successful.In Scotland 55 out of 99 candidates obtained the Ordinary National Certificate and 17 out ol 2the Higher National Certificate. In Northern Ireland steps wtw taken at the end of the year to set up a new Joint Committee with the Ministry of Ediication with a view to putting the administration of National Certificates in that country on the same footing as in England and Wales and in Scotland. Proposals niade by a Joint Committee on the Education and Training of Laboratory Technicians were set forth in the form of an Interim Report with draft sj-llabuses which was circulated among organisations and individuals known to be interested in the subject. Comments rind suggestions received from various quarters were correlated and considered by the Joint Committee towards the end of the year.117 this connection the Joint Committee also took cogriisance of the formation of the Science Technologists Association and of the operation of courses based on the proposed syllabuses at Paddington Technical College (JOI~KXALASD PROCEEDISGS 1948 IV 245). The final recomniendations of the Joint Committee will be issued early in 1049. r 29 I EXTERNAL RELATIONS AND PUBLICITY Cordial relations with the Chemical Society the Society of Chemical Industry the Faraday Society the Society of Public Analysts and Other Analytical Chemists and the Biochemical Society have been maintained both directly and through the Chemical Council which has recently been strengthened by the adhesion of the Institution of Chemical Engineers.During the year the Chemical Council set up under the chairmanship of Pro-fessor Findlay an exploratory Committee to consider publicity for British Chemistry. The Institute also collaborated in the work of a Committee formed to advise on possible means for reducing the delays in obtaining supplies of certain types of common laboratory glassware and porcelain ware. Through the Joint Council of Professional Scientists contact was maintained with the Institute of Physics and the Institution of Metallurgists. Useful discussions on matters of common interest to a wider range of professional bodies also took place through a series of informal meetings of Secretaries; one of these meetings included Presidents and Secretaries of some of these bodies.Valuable service continues to be performed by the Parliamentary and Scientific Committee and representatives of the Institute on this body and its sub-committees' have continued to play an active part in the discussion of important issues on which Government action seemed desirable. FINANCIAL STATEMENTS FOR THE YEAR 1948 REPORT OF THE AUDITORS We have examined the Balance Sheet at 31 December 1948 of the Royal Institute of Chemistry also the Statements of Accounts for the year ended 31 December 1948 with the books and vouchers. Subscriptions in arrear are not included in the Balance Sheet. Cash balances with Local Sections have been certified by their Honorary Secretaries or Treasurers. Subject to these remarks we have obtained all the information and explanations we have required and in our opinion the Balance Sheet and Statements of Accounts are properly drawn up and are in accordance with the entries in the hooks.The investments scheduled in the Statements of Investments have been verified by inspection of certificates for Registered Stocks and by a certificate of the Bank of England of Stocks inscribed in the name of the Institute. J. Y. FINLAY & Co. Chartered Accountants; ROBERTSOX E. Q. LAWS }Hon. Auditors 1948-49 K. A. WILLIAMS 11th Mavch 1949. 1947 1948 1947 1948 L L s. d. & s. d ;G s. d. s. d. 20,977 BUILDING BUILDING-at valuation 31 December, FUND,31 December 1920 . . .. 20,977 16 4 74,800 LEASEHOLD 43,523 SuRPLrrs on Valuation of Building 31 Lkccmber 1947 .... .. .. .. ..74,500 0 -0 1947 . . .. .. .. .. . . 53,522 3 s 4,267 Less rA3ASEHOLD PROPERTY REDEMPTION FUND 5,000 1 0 74,500 0 0 -69,499 19 0 7,211 SURPLUSon Valuation of other fixed lls,-ets 31 70,233 December 1947 .. .. .. .. .. 7,310 13 8 -/,dfi7 1,EASEHOLD ~'ROPBHTY REDEMPTION POLICY 50,937 INVESTMEXT FUND-as schedulrd oil page 38 .. 63,024 8 9 (surrender value) . . .. .. .. .. 6,000 1 0 28F SCIENTIFIC COURSES AND COSFERESCtS l;V,liU .. 212 19 9 6,7<fi l;IJKNITUKE FITTINGS AND EFFECTS rtt ValUatioIl I'RIZE:Fr;m . . .. .. li5 0 0 1 January 1948 . . .. .. .. .. 6,726 0 0 -KEWTONCHAMBERS ICESERVE.ICCOT-XTS -Idd Purchases during 1948 ,. .. .. 592 16 5 -7,893 Intermittent Publications ... .. 5,404 16 4 1,270 Staff Superannuation .. .. .. .. 539 '3 0 7,318 16 5 5,260 General Contingencies .. .. .. .. 4,813 3 2 Lcss Depreciation 1948 . . .. .. . . 504 8 0 --10,537 8 6 6,814 8 5 1,784 SUNDRY CREDITORS .. .. .. .. .. 4,450 4 11 3,003 LImARn-at valuation 1 January 1948 .. .. 2,003 0 0 RECEIPTS IN ADV.4NCE-.-I dd Purchases during 1948 .. .. .. 45 13 0 215 Examination Fees .. .. .. .. 231 0 0 181 Annual Subscriptions .. .. .. .. 165 16 0 2,048 13 0 1,217 Application Fees in -4beyancc .. .. .. 1,661 14 6 1.rs.s Ikmlts sold during 1948 .. 55 0 0 112 General .. .. .. .. .. .. 355 3 8 lkpreciation on Text Rooks 47 0 0 .__ __-.-102 0 0 -2,313 14 2 6.92 IPIjCOME 'rAX IAABILITY .. .. .. 671 17 0 .-1,946 13 0 ~ OK INCOME ~ (as scheduled 011 page 39) J,650 A 2 ~SURPLUS ~ ~ mi) EXPES111-~ .~ ~ ~ ~ IKVESTMENTS TUKE ~~CCOUNT,1 Janiial-3- I948 .. .. 4,650 2 1 ,4t cost 1 January 1948 .. .. .. ..68,854 13 9 LESS:Deficit 1948 .. .. .. .. 2,936 18 7 Add Investments made during 1948 . ..35,474 18 1 1,713 3 6 LONDON, -BANKOVERDRAFT 3 1 I>ecember 1948 93 8 11 94,329 11 10 SUSPENSEACCOUNT . . .. 2,394 0 7 1,es.s Tnvestnients sold during 1948 .. . . 25,564 7 2 2,362 SUPERAKNCATION -__ -At cost 31 December 1948 .. .. .. 68,765 4 8 (Market Value L70,240 (i 0) STOCKOF STATIONERY, as x-alucd by Officials of the Institute 31 December 1048 .. .. 866 0 0 928 SUh'DRY L)ERTOKS .. .. .. .. .. 846 17 0 764 I'.\YMENTS IN :\DV24NCE .. .. .. .. 226 3 1 RAJANCES AT BANKERS 1,440 Idondon (see opposite page) .. .. .. 701 -2ustralia and Xew Zealand (in sterling) .. 933 1 8 88ri With Local Sections . . .. .. ,. 373 0 7 1,206 2 3 3,347 SUPERANNUATION SUSPENSE ACCOUNT TNVEST-MENT-at Cost .. .. .. 2,346 11 4 (Market Value f;i:369 '0 0) L158,FOO L157,516 19 9 4158,600 i157,616 19 9 GENERAL INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 1948 E 1,711 1S47 € 800 681 103 334 999 484 674 2,761 I_ 1,050 8,2221,196789 d 332 332 248 188 I_ EXPENDITURE. hEaS%Rent .. .. Rates'hd Sdhedule."A" fix .. . . InsuranCe Repairs and Maintekce ' ' Light Water Power and Fuel Leasehold Aperty Redemption Fund Depreciation on Furniture and Fittings . . Less; Transfers to Special Accounts-Examinations Account (12%) .. Local Sections Account (12%) .. Publications Account (9%)Appointments Register Account (6%) .. .. .. .. STAFF-Salaries .. .. . .. ,.Superannuation .. . . .. ,. Pensions .. .. .. . . .. € s. 366 10 366 10 254 3 152 6 1948 (3. & s. d. f s. 300 0 0 733 14 9 96 7 1 486 14 4 442 12 9 484 6 2 504 8 0 3,046 2 1 0 0 0 0 -1,167 9 0 1,888 13 9,411 16 11 1,223 0 11 789 0 0 d. 1 1947 € A 6,07910,452776 17,307 -181 349 5 535 -2,061 460 16 22 134 1,271 INCOME. 1948 SUBSCRIPTIONS-Fellows . . . . . . .. . . .. Associates .. .. .. .. .. .. Students .. .. . . ,. .. .. Fellows .. .. .. . . .. .. .. Associates . . . . . . . . .. . . Students . . .. .. . . . . . . DIVIDENDSAND INTEREST(GROSS). . . . .. MISCELLANEOUS-Laboratory Rent .. .. .. . . . . Fees Forfeited . . . . .. .. .. Sundry Receipts Australian and New ZkalandAccou& (Stiriing V&e) SUBSCRIPTIONSFOR EARLIERYEARSPAIDDURING 1948-BALANCE,Excess of Expenditure over Income,1948 ... . .. . . . . . . .. . . . . 1948 f s. d. f; s. d. .. 6,362 3 0 ..10,770 5 0 .. 966 6 6 .. 222 12 0 .. 394 16 0 18,088 14 6 .. 300 620 7 0 1,979 6 5 450 0 0 1111 0 30 2 11 140 0 6 2,936 18 7 6,328 1,030 1,074222 3,8073,063814 2,756 10,206 3,878 I_ 603 372 76 79-988 40 46-1,067 56 134 106 130 60 200 51 264 689 - 1,2251,225918 510 - Less Transfers to Special Accounts- Examinations Account (12%) .. Local Sections Account (12%) . . Publications Account (9%) . . Appointments Register Account (5%) . . .. .. .. OFFICE-Printing and Stationery . . . . . . Postage . . .. .. .. .. Miscellaneous 'Sffice' Expe&es . . . . Telephone .. .. LIBRARY-Contributionto Chemical Society .. SundryExpenses .. Depreciation on Textbooks ' EXAMINATIONSAND ASSESSMENTSACCOUNT DEFICIT .. .. ~oclu.SECTIONS' AccO;"T DE~CIT . . PUBLICATIONSACCOUNTDEFICIT APPOINTMENTSREGISTERACCOUNTDEFIC~~ MISCELLANEOUS-coundl and Committee Travelling Ex- XSTraAiling Expenses .. .. Advertising .. . . . . . . .. Auditors' Fees .. . . .. . . DonationsPresidentialgxpe&*. ** Annual Luncheon and A.G.M. Expenses Conjoint Chermcal Office 1 .. .. Income Tax . . .. .. .. .. .. .. Legal Expenses .. .. .. . . Special Meetiqs .. .. APPROPRIATIONSTO RESERVES-1,370 17 1,370 17 1,028 3 571 4 11,423 16 10 0 0 0 0-4,341 1 0-7,082 15 10 606 12 11 466 2 9 a7 9 8 101 18 10 1,063 8 10 47 0 0 -1,251 4 2 -_ 1,100 8 10 341 5 11 4,660 16 11 3.634 13 6 $013 7 5 1,272 4 0 167 17 3 190 4 6 167 10 0 102 7 3 69 6 6 200 0 0 141 10 2 62 111 270 0 6 690 13 4-3,893 15 4 1,om &?I,796 .__- Intermittent Publications Reserve .. €24,867 0 11 f24,267 0 11 c351 SPECIAL ACCOUNTS for the year ended 31 December 1948 Examinations and Assessments Account 1947 1948 1947 1948 L L s. a. f; l s. d. 1,595 Examiners' Fees . . .. .. .. .. .. .. 2,137 16 2 3,468 Examination and Assessment Fees Received . . .. .. 4,4i2 12 6 402 Hire of L,aboratories and other Expenses .. .. .. .. 698 5 3 222 Deficit transferred to General Income and Expenditure Account 341 5 1.1 108 Printing and Stationery .. .. .. .. .. .. 174 3 0 28 Postage .. .. .. .. .. .. .. .. 43 8 0 I,22.; Proportion of Staff Salarie's .. .. .. .. .. .. 1,370 17 0 332 Proportion of Overhead Expenses .. .. .. .. .. 365 10 0 -~-L3,690 A4,783 18 5 L3,690-L4,783 18 6 Local Sections Account i L s. d. f; f; s. a. I:410 Section Grants .. .. .. .. .. .. .. 1,834 9 10 285 Balances with Local Sections at 31 December 1948 carried to 208 Secretaries' Cmferences .. .. .. .. .. ,. 253 18 0 Balance Sheet .. .. .. .. .. .. .. 273 0 7 642 Printing and Stationery .. .. .. .. .. . . 789 10 0 3,807 Deficit transferred to General Income and Expenditure Account 4,650 16 11 275 Postage .. .. .. .. .. .. .. .. 309 12 8 1,225 Proportion of Staff Salaries . . .. .. .. .. .. 1,370 17 0 332 Proportion of Overhead Expense. .. .. .. .. 366 10 0 L4,092 L4,923 17 6 @,092 L4,923 17 6 ____-I Publications Account L L s. d. L s. d. 1,175 Journal and Proceedings .... .. ,. .. .. 1,402 4 2 196 Sale of Publications .. .. .. .. .. .. .. 2.54 3 6 474 Lectures and Monographs .. .. .. ...... .. 603 16 4 3,UrT3 Deficit transferred to General Income and Expenditure Account. . 8,634 13 5 421 Postage .. .. .. .. .. .. .. .. 562 16 5 13 Miscellaneous . . .. .. .. *. .. .. .. 17 13 0 978 Proportion of Staff Salaries . . .. .. .. .. . . 1,028 3 0 248 Proportion of Overhead Expecsos . . .. .. .. . . 274 3 0 ~ L3,249 L3,888 15 11 L3*249 -i Appointments Register Account L & s. d. s. tl. 165 Advertising .. .. .. .. .. .. .. .. 206 14 3 979 Coiitributions received from Members .. .. .. .. 373 0 0 104 Printing and Stationery .. .. .. .. *. .. 157 4 8 814 Deficit transferred to General Income and Expenditure Account 1,013 7 A 176 Postage .... .. .. .. .. .. .. 198 18 6 510 Proportion of Staff Salaries .. .. .. .. .. .. 571 4 0 138 Proportion of Ovcrhead Expenses . . .. .. .. .. 152 6 0 ..--&1,093 L1,286 7 5 LlBog3 [ 37 ] GENERAL CONTINGENCIES RESERVE ACCOUNT L5 s. d. 15 s. d. Expenses incurred in rehab-Balance 1 January 1948 . . 5,260 3 3 ilitation of basement 217 15 3 Initial Commission on Expenses of building woik Redemption Fund Policy 81 2 6 for Housekeeper’s quarters 301 6 0 Compensation from Holborn Further expenses of visit to Borough Council for use India and Africa-Pro-of basement as A.K.P. fessor Findlay .. .. 331 5 0 Shelter .. .. .. 631 10 0 Surveyors fees for valuation Increment on adjustment of of premises and fittings 400 14 7 New Zealand exchange rate 91 8 3 Balance 31 December 1948 carried to Balance Sheet 4,813 3 2 L6,064 4 0 €6,064 4 0 SCIENTIFIC COURSES AND CONFERENCES FUND L s.d. 4 s. d. printing .. .. Colloquium at Dublin-Balance 31 December 1948 73 3 1 212 19 9 1948 .. .. .. Balance of Fund 1 January 286 2 10 A286 2 10 - L286 2 10 - INVESTMENT FUND s. d. 4 s. d. Brokerage and Stamp Duties 18 0 Balance of Fund 1 January I. Loss on investments sold 10 4 1948 .. ..50,937 3 1 Balance 31 December 1948 Entrance Fees .. .. 1,917 2 0 carried to Balance Sheet 63,024 8 9 Life Composition Fees .. 269 12 9 k53,113 17 10 jlj53,113 17 10 -INVESTMENTS s. d. s. d. Investments held 1 January Investments sold during 1948 .. .. ..68,864 13 9 1948 ....26,664 7 2 Investments purchased dur- 1nvestrnents:held at 31 Dec-ing 1948 .. .. ..25,474 18 1 ember 1948 .. .. 68,765 4 8 &94,329 11 10 L94,329 11 10 * 1381 STATEMENT OF INVESTMENTS HELD AND DIVIDENDS RECEIVED DURING 1948 I Value Nominal 31December Tax Holding. cost. 1948. Interest. IDeducted. Net. tINVESTVENTS SOLD OR CONVERTED 1948-Great Western Railway Debenture Stock 24% 500 384 16 3 Converted L s. 0 d. 0 E s. d. L s. d. €6 ;do L2 ;i di L3 ;di L.M.S. Railway Redeemable Preference Stock 6% 1956 50000 503 0 0 12 10 0 6126 6176 L.M.S. Railway Preference Stock 4% .. 2,000 0 0 40 0 0 1800 2200 S. Railway Redeemable Guaranteed Preference Siock a% 1957 1,000 0 0 1:174 6 2 Converted 26 0 0 11 6 0 13 16 0 New Zealand Loan 6% 1949 ........1,000 0 0 1,141 8 0 Sold ----- National War Bonds 24% 1961$3 ........ 8,300 0 0 8,300 0 0 Sold 103 16 0 46 13 9 67 1 3 war Loan,34% ........ 4,000 0 0 4.170 13 8 Sold ----- National War Bonds; 2)%,’i96k$6 ........ 2.000 0 0 2;000 0 0 25 0 0 11 6 0 13 16 0 London County Consols 34% 1964-69 ........ 1;ooo 0 0 1,046 8 0 17 10 0 7176 9126 Savings Bonds,3% 1966-76 .......... 5,000 0 0 6,000 0 0 76 0 0 33 16 0 41 5 0 €26,300 0 0 L25,664 7 2 tINVlSTMENTS PURCHASED OR CONVERTED 1948-L s. d. L s. d. British Transport Stock 3% (Railway Stocks Converted) .. 3,867 10 0 3,906 17 6 3,877 3 0 68 0 3 26 1 11 31 18 4 British Electricity Stock 3% 1968-73 ........ 8.000 0 0 7,885 0 0 8,240 0 0 120 0 0 64 0 0 66 0 0 nBritish Transport Stock 3% ......1,646 0 0 1,604 0 0 24 0 0 10 16 0 13 4 0 tD South Rhodesia Stock 2474 1966-jO ...... .. 4,600 0 0 4,812 10 0 62 10 0 28 2 6 34 7 6 w Conversion Loan 34% ...... 2,335 16 8 2396 6 0 39 7 6 17 14 4 21 13 2 U Newfoundland Guaranteed Stock 3% 1943-63 ...... 2,849 0 0 2:828’ 0 0 42 0 0 18 18 0 23 2 0 Metropolitan Water Board “B” Stock ........ 2,363 4 11 2,600 18 0 37 14 0 16 19 4 20 14 8 INVESTMENTS PRIOR PURCHASED TO 1948 AND RETAINED-Commonwealth of Australia Stock 3)% 1964-74 Port of London Authority Registeked Stock 34% 1966-76 : London County Consols 3% 1966-61 ........ 100 0 0 ‘100 6 6 103 6 0 3 0 0 --300 War Loan 3)% ............ 9,000 0 0 9,384 3 0 9,316 0 0 316 0 0 - - 316 0 0 Conversion Loan 34% ........ 760 0 0 738 19 6 798 16 0 26 6 0 11 16 2 14 8 10 Defence Bonds (Conversion ‘issue),’i)% ........1,000 0 0 1,000 0 0 1,000 0 0 25 0 0 --26 0 0 WarLOan 3% ........ 60000 60000 628160 1600 6160 860 National War finds] it./,,‘igsz-ik ........ 8,600 0 0 8,600 0 0 8,776 6 0 212 10 0 96 12 6 116 17 6 Savings Bonds 3% 1966-65 .......... 3,000 0 0 3,000 0 0 3,127 10 0 90 0 0 40 10 0 49 10 0 Savings Bonds 30/ 1960-70 ...... 2,404 3 9 2,600 0 0 2,488 0 0 72 2 6 32 9 0 39 13 6 Metropolitan Watgi Board “B’Stock 3% ...... 4,000 0 0 4,022 0 3 3;980 0 0 120 0 0 64 0 0 66 0 0 Savings Bonds 3% 1966-76 .......... 6,000 0 0 6.026 8 0 6,180 0 0 180 0 0 81 0 0 99 0 0 Defence Bonds 30/ ........ 1;ooo 0 0 1,000 0 0 30 0 0 --30 0 0 Savings Bonds,24% 1964% : ........ 1,600 0 0 1,456 10 0 36 17 2 16 11 7 20 6 7 L68,760 2 6 L68,765 4 8 €70,240 6 0 €1,979 6 6 €722 16 4 E1,266 10 1 t Investments sold and purchased during 1948 earned dividend for the half year only.New Zealand Loan and War Loan were sold before payment of dividends. I BENEVOLENT FUND ACCOUNTS for the year ended 31 December 1948 Current Account 1948 1947 EXPENDITURE. 1948 1947 INCOME. 1948 L s. d. fs fs s. d. 270 Grants .. .. .. .. .. 289 16 0 1,044 Subscriptions . . .. .. .. 1,036 10 6 3,161 Regular Payments .. .. 2,168 18 8 821 Annual Subscriptions and Deeds of I. 210 Loans granted .. .. .. .. 75 0 0 Covenant .. .. .. .. 681 19 9 88 Children’s Holiday Grants .. .. 177 10 0 433 Dividends and Interest .. .. .. 419 14 2 100 Donation to Reed’s School . . ..200 0 0 328 Income Tax Recovered .. .. .. _-5 Audit Fee .. .. ,. .. .. 550 88 Loans repaid .. .. .. 62 3 0 27 Printing and Postage .. .. .. 155 141 Deficit deducted from General Fund .. 707 6 7 _I_~_ &2,8Sl L2,907 13 11 L2,SSl L2,907 13 11 _I_o Capital Account 1948 s. d. s. d. L -Brokerage and Stamp duties .. *. $8 17 8 793 Donations .. .. .. .. .. 658 0 CI -1 -Capital Depreciation on Investments sold 811 ___ Bequests ,. .. .. .. .. -I61 1 J H * .-3 584 Balance carried to Capital Fund .. 731 12 6 !jl Proceeds “What Industry owes to Chemical Science” .. .. .. 48 14 6 -I ____-_I_ 4884 L768 11 2 L884 L768 11 2 eLlpp -Balance Sheet at 31 December I948 t s. d. c s. tl. I. s. tl. t. f. tl. L Capital Fund-Investments at Cat-13,631 AccumulatedBalance 1 January 1948 ..13,691 5 3 13,419 Capital Fund 1 January 1946 13,419 19 ? Add Balance on Capital .4munt. 1941) 731 12 5 Add Investments purchased id48 : 6,647 0 7 14,422 li U. General Fund-19,966 19 9 3,449 Accumulated Balance 1 January 1948.. 3,449 6 6 Less Investments sold 1918 .. ,. 6,583 19 4 Lcss Deficit on Current Account 1948 707 6 7 2,741 19 10 Investments held 31 December 194s 13,383 0 5 Id Residential Clubs Fund ,. 15 1 0 2,500 General Fund Investment. . ,. ,. 2,600 0 0 Add Contributions Relied 194i .I 110 15,843 0 ii 16 2 0 Balances at Bankers- 4 SundryCreditors ........ 4 2 0 853 Westminster Bank Ltd. ...... 176 1 10 248 Savings Banks ........ 464 s 0 929 4 10 139 Sundry Debtors ........ 373 16 9 l17.186 2 0 l17,169 g7,186 2 0 - BENEVOLENTFUND:Investments Held and Dividends Received 1948 Nominal Value Tax Holding Cost.31December. Interest. deducted. Net. SOLDDURING 1948-f s. d. f s. d. f s. d. f s. d. f s. d. --INVESTMENTS s. d. I-New Zealand Loan.6% 1949 ................ 500 0 0 570 14 6 Sold -- war Loan,3f% .. 1,200 0 0 1,296 3 0 Sold -----National WarBonds]2 i'961-63 1 1 : : : : .. 4,260 0 0 4,250 0 0 Sold 63 2 6 __-63 2 6 National War Bonds 21O/,::1952-64 a0000 20000 Sold 210 0 210 0 London Electric Transport Finance Corp&ation'beben&e S&k 2& 1056-66 276 0 0 267 1 10 Sold 3 810 111 1 117 I) €6,426 0 0 46,683 19 4 PURCHASED INVESTMENTS DURING 1948-312 3 Corporation of London Debentures 3% 1967 ........760 0 0 779 0 0 788 10 0 11 8 0 527 666 Conversion Stock 3)% ........ 376 0 0 389 6 11 399 10 0 611 3 a19 o -Newfoundland Guaranteed Stock 3!&1943-63 ........ iias o o 1,144 13 9 1,136 5 0 16 17 6 7 11 11 967 Southern Rh+esia Stock a*% 1966-70 .......... 2:W 0 0 1,840 0 0 1,926 0 0 26 0 0 11 6 0 13 16 0 British Elecmcity Stock 3% 1968-78 ........ 1.Ooo 0 0 977 10 0 1,030 0 0 16 0 0 616 0 860 -Metropolitan Water Board "B" Stock 3%' ........ 1;613 0 0 1,416 10 11 1,605 10 0 22 13 11 10 4 b 12 0 e 6,773 0 0 6,647 0 7 INVESTMENTS HELDPRIOR TO 1 JANUARY 1948 AND RETAINBD-Consols 4% 1,000 0 0 1,077 13 0 1,100 0 0 40 0 0 18 0 0 sa o o Port of London Autdority Rkistered St& 3)% 196g76 m o o 816 17 11 623 16 0 17 10 0 7 17 6 912 6 Commonwealth of Australia 3f% 1964-74 ........400 0 0 398 10 7 418 0 0 13 0 0 617 0 730 Conversion Stock 3 yo ........ 600 0 0 501 19 6 532 10 0 17 10 0 717 6 912 6 Corporation of Loncton B~itures,'3% ii57 ........ 240 0 0 238 1 0 249 0 0 740 348 319 4 Savings Bonds 3% 1966-76 ............ 1,100 0 0 1,100 0 0 1,133 0 0 33 0 0 14 17 0 18 3 0 Defence Bonds 3% ............ 1.000 0 0 1.Ooo 0 0 1;Ooo 0 0 30 0 0 --30 0 0 London Trustek Savings Bank ........ lI260 0 0 1;260 0 0 1,260 0 0 31 16 7 --31 16 7 Post Office Savings Bank Capital Accountj ........ 762 17 10 752 17 10 762 17 10 175 4 3 Post Office Savings Bank [Current Account) ........ 2,600 0 0 2,600 0 0 2,600 0 0 >17; ;; Interest on Deposit Account ............ -----100 L16,016 17 10 f15,883 0 6 €16,243 17 10 f622 16 10 €103 2 8 €419 14 2 I__ SIR ALEXANDER PEDLER FUND Current Account for the year ended 31 December 1948 ‘5 s.d. Publication of lecture “Chemical Ciphering” .. 239 14 2 Dividends and Interest (net) *. .. .. 68 1”; Brokerage and Stamp Duty .. .. .. .. 25 6 6 Deficit 1948 deducted from Accumulated Fund .. 294 14 10 Loss on realisation of Investments sold .. .. 128 6 7 L393 7 3 k393 7 ‘3 a Balance Sheet at 31 December 1948 s. d. s. d. L s. d. L s. d. Accumulated Balance of Fund 1 Jan-Investments at cost 1 January 1948 7,059 0 9 uary 1948 .. .. .. ..7,120 4 0 Add Investments purchased 1948 6,505 7 8 Less Deficit on Current Account 1948 .. .. .. .. 294 14 10 13,564 8 6 6,825 9 2 Less Investments sold 1948 ..6,659 0 9 Sundry Creditors .... .. 253 9 2 -6,905 7 8 Balance at Bankers .. .. .. 169 11 4 Sundry Debtors. . .. .. .. 3 19 4 -__-I__I -rl k7,078 18 4 I& k7,078 18 4 f3 -U Statement of Investments held and dividends received 1948. Nominal Value Tax Holding. Cost. 31 December. Interest. Deducted. Net. SOLDOR CONVERTED INVESTMENTS DURING 1948-s. d. L1 di Ll d; Great Western Railway Consolidated Preference Stock 6y0 .... .. 160 :do 64 ;do Converted L2 l”ddo Southern Railway Redeemable Guar. Ref. Stock GYh 1957 .... .. 600 0 0 587 4 10 Converted 12 10 0 5 12 6 6 17 (; I War Loan,3)% ............ .. 2,600 0 0 2,808 6 0 Sold __---- National War Bonds; ’a$%,‘1961-63 ............ .. 500 0 0 600 0 0 Sold 660 -_ GGU National War Bonds 2i04, 1981-63 ............,. 500 0 0 500 0 0 Sold 660 216 3 3 8 9 National War Bonds. 2h0/,. 1952-54 ............ .. 250 0 0 260 0 0 Sold 326 --326 New Zealand Loan @/“’f949 .. 500 0 0 570 14 6 Sold --_-_ --London Electric T;an&rt Financk’Corp Debe&ure Stock 2i46 1950-55 : .. 626 0 0 508 16 6 Sold ti 11 11 2 19 0 3 12 3 Consols 4% .. ........ .. 300 0 0 323 1 0 Sold 800 2140 360 Port of London Authority Stkk 3& 1966-76. ......... .. 500 0 0 616 17 11 Sold 815 0 3189 4163 &i,276 0 0 k6,639 0 9 INVESTMENTS PURCHASED OR CONVERTED DURlNC 1948-British Transport Stock 3% .............. .. 702 1 3 681 4 10 703 16 0 10 10 7 4 14 10 5 16 0 British Transport Stock 3% .............. .. 3,260 0 0 3,071 6 0 3,268 0 0 48 16 0 21 18 9 26 70 3 Treasury Stock 3% ................ 1,216 18 7 1,174 17 10 1,197 10 0 18410 842 1008 ~ British Electricity Stckk 3% .............. .. 1,600 0 0 1,575 0 0 1,R4R 0 0 24 0 0 10 16 0 13 4 0 -___. ~ HELDPRIOR INVESTMENT TO 1948 AND RETAINED-6,767 10 10 I:,Yo; 6 0 Defence Bonds 2gy0 ................ .. 400 0 0 100 0 0 L7,167 19 10 tL7,ZOi 6 0 - STREATFEILD MEMORIAL FUND 31 December 1948 i2.00 War Loan 34%. Value L207 0s. Od. s. d. & s. d. Balance 1 January 1948 . . 111 1‘7 S Balance 31 December 1948 118 17 S Dividends and Interest .. ‘i 0 0 _-_I_ L118 17 I) -.. ..-~ MELDOLA FUND 31 December 1948 L75 Commonwealth of Australia Stock 3)0/. Value L78 7s. 6d. s. d. s. (I. Balance I January 1948 .. 16 11 9 Balancc 31 Deceinbcr 1948 17 18 7 Dividends and Interest .1 0 10 k17 18 7 L17 18 7 S. M. GLUCKSTEIN MEMORIAL FUND HENDERSON MEMORIAL LECTURE FUND 41,483 17s. 7d. hlct. Water Board “B” Stock 3%. Value L1,477 10s. Od. s. d. s. ti. Balance 1 January 1948 . . if315 1 Halance on I)cposit, Dividcnds and Interest . . 22 11 1 31 December 1948 . . -19 6 2 _/49 6 2 k49 6 3 7 PRINTED BY W.HEFFER & SONS LTD.. CAMBRIDGE. ENGLAND