Finance.

Your Committee resolved upon printing the Transactions of the Institute, and the result has been to leave the Institute short of funds for library purposes. Five hundred copies were obtained, a distribution of eight dozen being made to the Dunedin Branch, and three dozen to each of the other branches. Your Committee are strongly of opinion that the money was well spent, and that the Institute has by this means already acquired an influence it would not otherwise, for a long time at least, have attained to.

Your Committee would urge the desirability of having this year's Transactions published in similar form.

The Treasurer presents the following Balance sheet:—