The Chancellor yesterday very kindly did not put V A T on books and periodicals but had he done so that would have the effect of taking more than one hundred thousand pounds out of our accounts in the current year without us being able to do anything about it  and it does seem to me that we should be considering asking the members in general meeting to pass to the Council of the Association the right to set and increase subscriptions and having properly advised the members thereof to fix the effective date of such increases, otherwise we are very badly placed to respond to short-term problems.