At the beginning of each term the treasurer of each organization shall prepare with the assistance of the chief executive a detailed estimate of the expenses for that term and shall submit the same to this committee. These estimates shall be kept on record by the committee, but shall not be published.

The committee shall audit the accounts of each organization once a month. They shall also publish a semi-annual report.

The committee shall provide the treasurers with suitable books in which to keep their accounts. These books shall be the property of the committee, and shall be returned to them as each treasurer closes his accounts. After their return they shall be kept in the custody of the committee and shall be always open to the inspection of the officers of these organizations.

If at the end of the college year any organization has, after the payment of all its debts, a surplus in excess of the amount allotted to it below, this excess shall be at the disposal of the committee. It shall, however, be spent on athletics.

H. A. A. $400

B. B. A. 1500

H. U. B. C. 1000

H. T. A. 100

H. U. F. B. A. 400

H. U. C. A. 150

H. U. L. A. 300

The committee shall request the captains of these organizations at the end of each year to make a report, giving in detail as fully as possible their experience during the past year and making any suggestion which they can for the benefit of future captains. These reports shall be kept on file by the committee.

Any one of the athletic associations shall be at liberty to withdraw from the plan at the end of any college year.

If any one of the four organizations, the base-ball, foot-ball and athletic associations and the boat club, refuse to accept this plan, the plan does not go into effect for any organization.

The annual election of the committee shall be held in June.