CURRENT TOPICS
| DOI | http://doi.org/10.1111/j.1467-9485.1960.tb00141.x |
| Published date | 01 November 1960 |
| Date | 01 November 1960 |
CURRENT TOPICS
THE
Fifth Annual Meeting of the Scottish Economic Society was held in the
University
of
Glasgow on 9th March, 1959; there were
28
members present.
The meeting approved the election, as members of Council, of Messrs.
W.
R.
Ballantyne, A.
V.
Cole,
T.
A.
F.
Noble, and Professor
T.
Wilson to fill the
vacancies left by the retirement of four members of Council. Five other
members were re-elected and Mr. David Flint was re-elected Treasurer.
A
list
of office-bearers for 1959 is published on the back cover of this issue.
Membership of the Society in 1958 showed little change from the previous
year. Increased income from subscriptions and from sales to non-members
helped to offset the increased costs of publishing the
Journal
but the net deficit
to be met by the University Courts increased by
f84
to f179. The University
Courts have agreed to continue their support for a further five years. The
audited accounts of the Society for the year ending 31st December, 1958,
were approved by the Annual General Meeting, and are printed on pp. 162
and 163 of this issue.
The activity of local branches was moderately successful. The Dundee
branch devoted its winter series
of
meetings to one theme, the economics of
marketing, while the Edinburgh and Glasgow branches each held joint meetings
with other Societies.
After the business meeting, Professor Alan
T.
Peacock, Professor
of
Economic Science in the University of Edinburgh, read a paper in which he
showed how a social accounting model could be used for analysing regional
economic problems. Such systematic models showed very clearly the statistical
data required for dealing with the structure of regional economies, and in
the case of the Scottish economy they illustrated the lack
of
suitable statistical
series about Scotland. Professor Peacock's paper will be published in the
October issue of the
Scottish Journal
of
Political Economy.
The Commissioners of Inland Revenue have now approved the Scottish
Economic Society for the purposes of Section 16 of the Finance Act, 1958.
The whole of the annual subscription of twenty-five shillings will be allowable
as a deduction from the emoluments assessable to income tax under Schedule
E
for members of the Society,
provided that
(a)
the subscription is defrayed out
of
the emoluments of the office or employ-
ment,
and
(b)
the activities
of
the society so far as they are directed to all
or
any of the
following objects-
i) the advancement
or
spreading of knowledge (whether generally
or
among
persons belonging to the same or similar professions or occupying the same
or
similar positions);
ii) the maintenance or improvement of standards of conduct and com-
petence among the members of any profession;
are relevant to the office
or
employment, that is to say, the performance
of
the duties of the office
or
employment is directly affected by the knowledge
concerned
or
involves the exercise of the profession concerned.
Form P358, obtainable from tax offices, may be used in applying for this
relief.
Erratum
A
printer's error resulted in the transposition of the percentages for grain
crops, potatoes and sugar
beet
in Table
111,
p. 65, of the February issue of
the
Journal.
For Scotland the percentages should read 6,
6
and
0
respectively
and for the United Kingdom 9,
4
and
2.
161
To continue reading
Request your trial