Out of twelve lodges nine show a surpln", rising as high as nearly £8 por member in the case of the Napier lodge nnd over £10 per head in tbo Clive lodge. The defici e icies in the other three vary from about 15s per member to £3 si, the Dwevitke lolge showing the worst result. It was, however, eetablished only in 1888, and unless it has unexpectedly heavy calls while still young it should pull through all tight. Iv other pirti of the co'ony we note deficiencies up to £15 and nearly £18 per head, 'and in every instance these lodges are old established. Thero the officers should seek for the cause of this state of things and devise a remedy, for when very old and numerically strong | lodges exhibit snch a result there must have been bad management or unsound ness somewhere. But very few of the Foresters' lodges in tho colony are actu arially sound. Of the eleven in Hawke's Biy all show a deficiency, rangiug from about £2 10s per head in the case of Court Sir Charles Napier lo nearly £9 iv Court liking Sun. To some extent, however, the large funds held by the central body, amounting to over £2500, would, if taken into account, modify tho calculation. The fiaar.ee of the Oddfellows and Foresters seems to be different. While in the former society the central or provincial governing bodies hold com paratively small sums, in the case of tbe Foresters all the central bodies appear to have large accumulated funds— in several districts the totals reach over £10,000. If these funds were held by the lodges, as in the case of the Oddfellows, of course the lodge valuations would come out so much better. Somewhat similar re marks apply to the Reohabite lodges. With but few exceptions all show a deficienc?— in one instance, oa the West Coast, of over £30 per member, with no district funds to fall bick upon. In the Noisewood tent there is a deficiency of over £18 per member and in that of Woodville nearly £IG. The central body —which appears to embrace most of the South Island and all tho North Island except Auckland— has, however, funds reaching to nearly £7000, or about £9 per head. 