It will be clear from the Report presented by the Admnistrative Director to the Executive Council (published elsewhere in this number) that the officers of the Institute have been giving much thought to the need fro increasing the annual income available for the general purpose of the Institute. This matter was very fully ducussed by the Council at its recent meeting, and it ws resolved that the annual subscription to the Institute should be increased, as from January 1954, to 35s. The need for this decision is greatly regretted, but it should be pointed out that, in spite of constantly rising costs, the subscription has only risen by 5s. since the Institute's foundation in 1926, and that the present rate of subscription barely covers the cost of printing and distributing the Journal.