Cobb (Arthur S.). Banks' Cash Reserves. Threadneedle Street: a reply to "Lombard Street" (by the late Mr. Walter Bagehot). x + 179 pp., 8vo. 1891. Leffingwell (Albert, M.D.). Illegitimacy and the influence of Seasons upon Conduct. Two studies in Demography. viii+160 pp., map and diagrams, 8vo. 1892.

Noback (Friedrich). Münz-, Maass- und Gewichtsbuch. Das Geld-, Maass- und Gewichtswesen, die Wechsel- und Geldkurse, das Wechselrecht und die Usanzen. Zweite Auflage... xii + 1234 pp., 8vo. Leipzig, 1879.

Smart (William). An Introduction to the Theory of Value on the lines of
Menger, Wieser, and Böhm-Bawerk. viii+ 88 pp., 8vo. 1891.
Soetbeer (Adolf)——

Litteraturnachweis über Geld und Münzwesen insbesondere über den
Wahrungsstreit, 1871-91. iv + 322 pp., 8vo. Berlin, 1892.
Edelmetall-Produktion und Werthverhältniss zwischen Gold und
Silber seit der Entdeckung Amerika's bis zur Gegenwart.
Diagrams, 141 pp., 4to. Gotha, 1879.

Spender (J. A.). The State and Pensions in Old Age, with an introduction by A. H. D. Acland, M.P. xxvi + 165 pp., 8vo. 1892.

England. Royal Gardens, Kew. Bulletin of miscellaneous information. Jan.-April, 1892, with two Appendices. 8vo.

Germany. Vierteljahrschrift für Volkswirtschaft, Politik und Kulturgeschichte. Band i, Heft 2. Die Durchschnittsprofitrate auf Grundlage des Marx'schen Wertgesetzes: J. Lehr. Handwerk und Arbeit in geschichtlicher Betrachtung: C. Meyer. Die Volkswirtschaft seit Adam Smith: F. C. Philippson. Band ii, Hälfte 1. Zur Reform des preussischen Herrenhauses: G. Siegel.

Russia. St. Petersburger Kalender für 1892. 164 Jahrgang. 414 pp., map, 8vo. St. Petersburg, 1892.

Parliamentary Papers

Corn Prices. (84.) 1892.

Deer Forests, Scotland. (452.) 1891.

Friendly Societies. Reports on, 1891.

Hours of Adult Labour in Colonies. (115.) 1892.

Labour. Reports on, in different countries. 1892.

Local Taxation Returns (England) for 1890-91.

Metropolitan Hospitals. Analysis of Evidence before Select Committee on, 1891.

Mines. Summaries of Reports on, for 1891.

Redemption of Tithe Rent Charge. Reports on. [6606.] 1892.
Tramways. Return relating to, 1891.

JOURNAL

OF THE ROYAL STATISTICAL SOCIETY,

SEPTEMBER, 1892.

REPORT of the COUNCIL for the FINANCIAL YEAR ended 31st December, 1891, and for the SESSIONAL YEAR ending 28th June, 1892, presented at the FIFTY-EIGHTH ANNUAL GENERAL MEETING of the ROYAL STATISTICAL SOCIETY, held at the Society's Rooms, 9, Adelphi Terrace, Strand, London, on the 28th of June, 1892.

THE Council have the honour to submit their Fifty-eighth Annual Report.

The roll of Fellows on the 31st December last as compared with the average of the previous ten years was as follows-

Since the 1st January last, 16 new Fellows were elected, and

the number at present on the list is 1,001.

Deaths during the past Year, June, 1891-June, 1892.

Aldam, William, J.P., D.L...

Baker, George

d Bourne, William, A.I.A.

Date of Election.

.. 1841

... 1884

.... 1886

Bramwell, The Right Hon. Lord, F.R.S. ...... 1886

cdp (4) Caird, The Rt. Hon. Sir James, K.C.B., F.R.S. 1857 Campbell, Sir George, K.C.S.I., M.P., D.C.L. 1874

с

c Indicates those who had served on the Council.

d Indicates those who had been Donors to the Library.

p Indicates those who had contributed Papers, with the number.

VOL. LV.

PART III.

2 c

Deaths during the past Year-Contd.

Carpenter, Frederick

.....

Date of Election.

1886

Cleveland, His Grace the Duke of, K.G. ...... 1850

c Indicates those who had served on the Council.

d Indicates those who had been Donors to the Library.

Of the above, the greatest loss to the Society was that of the Right Hon. Sir James Caird, one of its former Presidents, and a Trustee. His contributions1 to our Transactions were devoted to the land question and to agriculture in their political, economical, and social relations, and are valuable land marks in the history of a subject of paramount importance to all civilised countries, and to our own in particular. It was in the collection and digest of information in this branch of economics that he exhibited the highest characteristics of a statistician-scrupulous accuracy, painstaking industry, and the strictest impartiality—which established for him a great reputation, and acquired for him an authority which he retained to the end of his life.

Since the writing of the above, intelligence has been received of the death of one of our honorary members, M. Keleti, of Buda Pesth, chief of the Royal Hungarian Statistical Bureau. He took an active part in the late International Statistical Congress, and presided over that held in the capital of Hungary in 1876, as well as over the last meeting of the Permanent Commission which was held in Paris in 1878. His work will be noticed at greater length hereafter.

The financial condition of the Society continues to be satisfactory, as exhibited in the accompanying table, in which the particulars are contained for the twenty-five years 1867-91:—

1 Two inaugural addresses, chiefly devoted to the land question, and two papers in agricultural statistics, dealing with that subject in a masterly manner.

Statement of the Condition of the Society in the last Twenty-five Years, 1867-91.

The losses by death and withdrawal during the past year, amounting to 80, were unusually heavy, and were not recouped by the number of new members joining. This has, however, in no way crippled the means of usefulness of the Society, as all sums necessary to maintain the institution in a state of efficiency, and to meet such extraordinary expenses as have arisen, particularly during the past year, have been found, and devoted to those purposes. For example, the drainage of the building was in an unsatisfactory and insanitary state, which had to be rectified chiefly at the expense of the Society, from the conditions of the lease, which has still a short time to run. A portion of the cost was borne by the landlord.

The cost of placing the Library in a satisfactory state was also abnormally heavy, as mentioned in the report of the last year. The termination of the tenure of our chief tenants has deprived us of a small source of income, which it is not intended to replace, as the accommodation thus released is needed for our own wants.

A brief estimate of receipts and expenditure for the current year is submitted for the first time, to indicate the resources available for the continuance of our work, due provision being made for all such outlay as is likely, in ordinary circumstances, to arise. It includes the increase of salaries, the cost of editing the Journal, the outlay for medals, the payment for works not completed at the end of the past year, with a fair margin for contingencies.

Estimate of Receipts and Payments in 1892.