2. FINANCIAL.

The founders were originally confident that they could carry on their work without asking for any subscription from the members; and although the conditions of prices and commodities are now wholly changed and altogether unfavourable, they still hope that they may be able to keep to their scheme. If the publications of the Society are of sufficient merit, their profits should cover the expenses of an unsalaried staff; and though it shall be optional for their authors to retain a share of such prospective profits, it is hoped that most of those who contribute their work will be willing to allow all the profits to go into the funds of the Society. In the place of a small subscription, which it is as inconvenient regularly to collect as it is to pay, the secretary invites donations of any amount, great or small, which will be duly acknowledged and deposited in the Society's banking account. The sympathetic response to their prospectus warrants the belief that more donations will be forthcoming. The Society having a finite aim may, after a few years of activity, consider its usefulness to be at an end; and if, when it is wound up, it should have a balance in hand, the present Committee undertake to pay such a balance into the Pension Fund of the Society of Authors.