60 The Presidential Address. of which we have been obliged to defer from last year. In the early days of our existence we experienced the usual difficulties of young societies—I refer to the difficulties of getting scientific support. Happily that complaint is a thing of the past, and with our increasing numbers there has come a steady influx of substantial contributions to our 'Trans- actions.' From the day of our foundation I have maintained, and I still maintain, that the larger portion of the Club's income should be spent, and indeed cannot be better spent, than in the judicious publication of such papers as come legitimately within our province. By this means alone can we hope to keep up our position as a county Club, since our distant members would receive but little in return for their subscriptions did they not have in a permanent form an account of our doings at head-quarters. But the question with which I have to deal is fortunately not one of to publish or not to publish, but simply how much we can afford to publish in the course of a year. During the past year we have found, in fact, that our very moderate rate of sub- scription has not sufficed to enable us to keep pace with the publication of papers as they were contributed ; and we have therefore been compelled, as the only means of controlling our expenditure, to delay the issue of another part of the 'Transactions' till the present year. Part 7 is only now going through the press, and will shortly be distributed among our members. Were this delay forced upon us merely by virtue of our income being insufficient to meet our requirements we should have but little to reproach ourselves with, and indeed we might fairly congratulate ourselves upon having such a wealth of material to draw upon. But unfortunately much of our difficulty has arisen from a tardiness on the part of many of our members to discharge their obligation to the Club at the commencement of the year, when the subscriptions become due. There is another consideration also which must be borne in mind in this connection. In these days of rapid progress in science many papers lose in interest by delay in publication, and authors whose contributions we most value may thus be