Report of Board of Directors

On pages 681–698 of this PROCEEDINGS will be found the annual report of the Board of Directors for the fiscal year ending April 30, 1909. This report consists partly of abstracts containing the gist of the more extended reports submitted by the nine standing committees and eleven of the special committees appointed in accordance with Article VII, Sections 41 and 46 of the Constitution. The reports of the Finance Committee and the Library Committee are printed in full. The report of the Finance Committee shows the monetary affairs of the Institute to be in excellent condition. The receipts per member were $13.21, or $0.20 greater than the receipts per member for the previous year. The disbursements per member were $10.49, or $1.24 less than the disbursements per member for the previous year.