TREASURER'S REPORT OF H. U. B. C. FOR 1881-82.

TO THE EDITORS OF THE HARVARD DAILY HERALD: I should like, through your columns, to make a full financial report of the University Boat Club, as the figures are so numerous, that reading them at the meeting would convey little meaning. I have not the statements of former treasurers at hand, but I should say that the expenses of the year have been nearly $2,000.00 greater than ever before. This may be attributed to the unusual expense of several departments of the Boat Club, but mainly to two things: The launch and the long stay at New London. The launch has been thoroughly overhauled and has cost by that and the running expenses over $1,100.00. An enormous amount, and if the results of the repairs could have been foreseen, I think, an unwarrantable extravagance. The launch has had a fair trial, has been put in order, well kept and carefully run, and the result is, that it is not a success. It has proved very unreliable, sometimes being out of use for several days at a time. I mention this, so that men may be prepared to discuss the matter at the meeting. The stay at New London was prolonged almost a week beyond the usual time, and hence the expense was nearly doubled, rising from about $600.00, as an average, to a little over $1,000.00. Next year the Club will probably be freed from the expense of a new shell, as the one used last year is well adapted to the weight of the probable crew of the coming year.

Last year the system of having four assistant treasurers from the sophomore class for aid in collecting subscriptions was initiated. It is very desirable to have the same plan pursued hereafter, as it has worked to great advantage. Moreover, it was intended that these four sophomores should be the prominent candidates for the position of treasurer in the coming year, as they would have a certain familiarity with the work. An additional advantage is, that a junior treasurer is much more suited to the work than a senior, as he has more time and need not return from New London for class day and commencement. Moreover, after filling the position of treasurer, the man, if at all satisfactory, should be made president for his senior year as a small reward for the thankless task of subscription collecting. Nothing will give so much strength to the management as some system of regular promotion similar to the one suggested, and like that practised in the H. A. A.

I wish, in behalf of the executive committee, to thank most heartily, for their efficient aid, the assistant treasurers of last year, Messrs. Agassiz, Baylies, Chapman and Sexton, of the class of '84.

Very respectfully.GUY WARING, '82,Treasurer, H. U. B. C.