The Presidential Address. 61
compelled to publish through other channels, to the serious
detriment of our 'Transactions.' Whether we shall in future
find that our scientific contributions are always in excess of
our available income cannot be with certainty foreseen. If,
however, our numbers continue to increase as steadily as
they have during the last three years, and if, moreover, we
give force to certain rules of economy which we have con-
sidered in Council, I venture to think that before long we
shall bring about the necessary equilibration between income
and expenditure without pushing our publications into the
background. Under any circumstances it is most desirable
to be able to clear off our present list of papers, and at the
same time to be in a position to meet future emergencies.
Seeing how liberally we have been supported on former
occasions, in all appeals to our members in aid of special
investigations, I have considerable hesitation in suggesting
the raising of another fund ; and will content myself by merely
hinting that all those who have the Club's interests in view
can aid in this matter by giving a small annual donation in
addition to their ordinary subscription. It is only the strong
feeling which I possess with regard to the importance to the
future welfare of the Society, of publishing well and fre-
quently, that has induced me to speak out my mind on this
point; and I am encouraged in this by the circumstance
that the proposal has already met with a ready response on
the part of many members to whom the matter has been
broached, several having volunteered to double their sub-
scriptions in order to further the work of publication. The
advantage which would accrue to all our members by an
increase in the size of our volume of 'Transactions' is too
obvious to require insisting upon here.
It is with great pleasure that I am able to announce
several handsome donations towards the expenses connected
with the forthcoming part of the : Transactions.' From
Mr. T. C. Baring, M.P., we have received a cheque for £10;
Mr. T. V. Holmes has generously offered to defray the cost
of two large plates to illustrate his paper on "Deneholes" ;
Mr. Worthington Smith has also undertaken to illustrate his