In accordance with the requirement of the constitution I have the honor to present herewith the report of the Publishing Board for the year 1900. The table of the financial operations of the board is essentially a trial balance, but divided into two sections to bring out more clearly the condition of the board's undertakings. The first section shows in the last two columns the net balance of loss or profit on each of our publications, June, 1901. In general it is true that our book publications, except the "List of subject headings," have not brought in what was expended on them, while our card publications have more than offset these losses by their profits, for although the final balance of all these accounts shows an excess of expenditures over receipts of $830.74, yet it should be noticed that the two largest items in the expense column, $476.84 and $1290.02 are on account of publications which have not yet begun to bring many returns, viz., the second edition of the "A. L. A. index" and the "Portrait index." If these are left out of consideration our other publications show a net profit to date of $927.12. The second section of the table shows what means we have in hand or can count upon. The unpaid bills ($241.69 + $369.52 + $16.50), $627.71, are just about offset by the amount of bills and subscriptions due us, $636.82; leaving the cash balance, $823.64, plus the amount sunk in publications, $830.74, to represent the sum still remaining in our hands of money appropriated to our use by the trustees of the Endowment Fund or received from other sources, $1617.08, plus the sum of the balances still standing on the old membership accounts, $46.41. It should be remembered that the office expenses of the year having been heavier than usual, over $1800, have not been all charged to the account of our different publications, but a balance of $345.55 has been allowed to remain, reducing by so much the balance on this account of the previous year. As a complement and supplement to the table the following statements concerning the board's publications and work may be of interest: _Books._ _A. L. A. proceedings._--The board has in stock at its headquarters, 10-1/2 Beacon street, Boston, nearly 2000 copies of the conference proceedings, covering the years from 1882 to date. There are a very limited number of copies of the years 1882, 1886, 1892, and 1893, and it is suggested that libraries desiring to complete sets in order to bind the proceedings by themselves would do well to give the matter early consideration.