torn I present herewith m\ rep. rt a your secretary-trx asurer, show im; to ceipts and disbursements tot ru* yea? ending March ‘1 iv»7. and the balauo.of cash remaining on 11;• r 11! Apr il 1. iv*7 Wo have* had no unusual expenses t. meet during tho pant year, and at tin close of the twelfth year of the association’* existence our financial rendition 1s better than it has ever been, and all branches o' the association work are in flourishing: condition.We now have a total membership of ?2!. including some six new mernNMs who have been approved by the landing membership committee since last mot ting’, and of this total number. LT1 are paid up and in good standing, while we ha\e eight delinquents. 'The bylaws provide for dropping from membership those who become delinquent but we have taken the liberty of hold 1ng their names on the membership roll until this meeting, hoping they would remit to cover their several dues This membership exceeds In number that of any previous year in the history of the association, and we hope to see it steadily increase until every stockman 1n the state will have Joined us in this association work. We ought to have upward.* of a thousand members in thisstate.Puring the past year we issued the supplement to the brand book, containing the brands of f0 new members which had not been previously published .together with a large numhet change* and corrections in the brands of the 1K94 brand book. The supplement Appeared to be vary satisfactory‘ The inspection work during the past season was highly satisfactory, both at