Last year we had 563 members all together. This year now we have 170 new members. We can't add that to 563, because in every organization there is a loss of membership every year, and it's to be expected that our membership should have a 10 per cent turnover through circumstances of people leaving their places where they have their nut tree plantings, deaths and other circumstances. So there was a net gain of 86 members to date. TREASURER'S REPORT August 25, 1951 to August 18, 1952 RECEIPTS Membership Dues $1,907.00 Sales of Annual Reports 190.00 Interest on U. S. Bonds 37.50 Donations 48.95 U.S.P.O. Unused Balance, Permit 3.05 Petty Cash 1.97 TOTAL $2,188.47 DISBURSEMENTS 41st Annual Report (Pleasant Valley) $1,375.86 Plates and printing, 900 copies $1,271.16 Envelopes, 2500 31.65 Mailing 73.05 The Nutshell 86.55 Printing & mailing Vol. 4, No. 3 28.64 Printing & mailing Vol. 5, No. 1 57.91 American Fruit Grower 191.60 582 Subscriptions at 30c 174.60 34 Subscriptions at 50c 17.00 Urbana Meeting 163.68 General Expenses 20.28 Reporting & Transcribing 143.40 Secretarial Help, 50c per member 317.00 Stationery and Supplies 179.81 Association Promotion 114.91 Application Folder, 5000 90.02 Supplemental Folder, 650 17.69 Things-of-Science 7.20 Secretary's Expense 77.23 Treasurer's Expense 94.04 Dues, American Horticultural Society 5.00 TOTAL $2,605.68 Cash on deposit, First Bank, South Bend $1,313.78 Disbursements 2,605.68