Development of the Institute: Letter from the President

In connection with the forthcoming year´s activities and with particular reference to the recommendations of the Committee on Development, it is essential that a careful study be made of our finances and while, in advance of such a study, no accurate figures are available, some approximations must be before us, otherwise intelligent consideration cannot be given to the questions on which the opinions of all members have been invited. Therefore, I hope you will consider that I am justified in laving before you the following information.