Report.

Presented to the Members of the Society at its Fifth Annual Meeting.

From the sudden and unavoidable circumstances referred to at the last Annual Meeting, an officially audited Financial Statement could not then be presented. On the present occasion, therefore, Balance Sheets for the last two years are submitted, showing for 1884-5 gross receipts to the amount of £256 15s. 5½d., and for l885-6 to the amount of £188 2s., with a Balance in the Treasurer's hands on the 31st of May of £58 14s. 7d. The able services that the Executive relied upon having rendered by Mr. A. McDonnell, as Hon. Secretary, wholly ceased more than thirteen months since through the pressure of his personal interests, which still prevent him from doing any work for the Society.

In consequence of the heavy expenditure incurred by the Society during the last General Election, and the unfavourable state of the times for financial support to any public work, the Executive accepted the resignation of the Assistant Secretary, Mr. R. B. Holt, last February, and since then all the Society's work has again been voluntarily carried on. In stating this the Executive record their sense of the earnestness and devotion of Mr. Holt in the cause of Land Nationalisation.