News of Institute and related activities

Early in the present year Mr. E. B. Meyer, then chairman of the finance committee of the Institute, furnished to the membership in the columns of ELECTRICAL ENGINEERING (March 1934, p. 375–81) a presentation of facts and figures relating to the annual budget. While it has always been the practice to include in the annual report of the board of directors to the membership a detailed statement of financial operations for the corresponding fiscal year, it was felt that the exigency of the times warranted a more thorough explanation of some of the problems as they have been presented to the board of directors, together with a brief outline of the steps toward solution, as taken by the finance committee.