Report of the board of directors

THE BOARD OF DIRECTORS of the American Institute of Electrical Engineers presents to the membership its 70th annual report, covering the fiscal year ending April 30, 1954. As required by the Constitution, it contains a brief summary of the principal activities of the Institute during the year, a general balance sheet showing the financial condition of the Institute at the close of the fiscal year, a statement of cash receipts and disbursements, and a schedule of securities owned. Much additional information regarding the year´s activities has appeared in Electrical Engineering throughout the year.