Finance.

The Balance Sheet, duly audited, will be found appended.

During the year a letter was received from the Otago-Central Branch, requesting the Committee of Management to take into consideration the advisability of reducing the contributions from the Branches to 5s. per male member, and 2s. 6d. per female member.

In reply your Committee pointed out that it had no power to reduce the subscription, and suggested that the representative of the Otago-Central Branch might bring the matter up at the Annual Meeting.