The thanks of the members and the Committee are hereby tendered to the gentlemen who read the papers, for the trouble they have so kindly taken in the interest of the Section.

The Excursions, which have been exceptionally pleasant, were four in number, viz:June 15th.-Arley and Ansley; attendance, eighteen.

July 3rd.--Worcester, etc.; attendance, thirteen.

July 27th.-Coughton and Alcester; attendance, twenty-three.

Aug. 21st.-Kettering, etc.; attendance, twenty-four.

The Committee have great pleasure in reporting that the accounts for the year show a favourable balance of 175. 3d. in respect of the excursions, and that the attendance has slightly increased.

The Committee report that they have issued to members the volume of Transactions for the year 1887; and they hope to issue, during the present year, a double volume of the Transactions for the years 1888-89. The Committee have passed a resolution that back numbers of the Transactions be offered to members of the Institute, on condition that they become subscribers to the Section, at 5s. for a single volume and 10s. for a double volume.

The Committee desire to call the attention of the members to the financial condition of the Section. The balance in hand at the beginning of the year was £55 2s. Iod., which has been reduced to £23 5s. 6d. owing to the issue of the Transactions for the year 1887. The present balance will, however, be increased by the sum of £31 13s. 6d., being the cost of printing the appendices to Mr. Gillespie's paper and the cost of the illustrations of the 1887 Transactions, which amount will be defrayed from the Copying Fund.

The Committee have pleasure in reporting that the fifty copies of the Saint Martin's Register have been printed by subscription, and duly issued to subscribers, with the result of a profit of £2 9s. 6d. to the Section.

Messrs. Cotton and Smith having made the fewest attendances, and each having attended an equal number of times, a ballot has been held to decide which member was ineligible to serve on the committee, and has resulted in the disqualification of Mr. Edwin Smith.

Postages, Carriage and

Incidentals

...

4 7

6

"

Printing and Stationery

"Transactions

...

Amount overcredited in

55 2 10

£ s. d.

1889.

Dec. 31st-By Balance brought forward
Subscriptions

15 5 O

Balance carried forward

77 2 2

£92 7 2

Dec. 31st-To Balance of Income A/c

Copying Fund

Amount due to sundry persons

Balance Sheet.

Dec. 31st-By Amount in hands of Lloyds Bank,

72 5 0

87 12 8

"

Amount due from sundry persons...

4 14

O

£164 11

8

Examined and found correct,

(Signed) C. A. HARRISON, BARRATT, WEST & THORLEY,

Chartered Accountants.

29th January, 1890.