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Excerpt from Journal of the Institution of Heating and Ventilating Engineers, Vol. 2: 1934-1935 The Retiring President, in putting the above motion, said that it was very encouraging to find that the Institution was not receding in any way, but was gaining ground. It was also agreed that the Balance Sheet and Statement of Accounts be taken as read. Mr. W. W. Nobbs then proposed that the Balance Sheet be received and adopted. He said that in the absence of the Treasurer it fell to his lot to present the Accounts, copies of which members had in front of them. The Statement of Accounts showed a credit balance on the year of about 190, and the accumulated fund now stood at about which was exclusive of the Capital Account for the Research Fund. The Research Fund at the end of the financial year stood at 782, and that amount had been increased by further donations and now stood at something over He was also pleased to report that very shortly that account would be drawn upon, which meant that they were proceeding with the construction of the work for which those contributions were made. He felt sure that the Honorary Treasurer, had he been present, would have drawn attention to the subject of arrears, and would have pointed out that it was very desirable if the work of the Institution was to continue efficiently that members should pay attention to that important point. There were 70 members of different grades who had not paid their subscription for last year, and there were still 20 subscriptions outstanding for the previous year, and 18 for the year before that. These numbers were not very large for an institution with a membership of more than 900, but he hoped that members who had overlooked the fact that their subscriptions were due would remit promptly. A very pleasant item in connection with the Accounts was that the journal, which was instituted for the convenience of members, had paid its way without any extra cost to the Institution above that formerly paid for the annual volumes. The Journal had met with the favourable reception which was anticipated, and members of the Institution now received reports of the meetings monthly instead of having to wait a long period, by which time some of the matter might, from their point of view, have become obsolete. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.