PRESIDENT’S REPORTDear Fellow Members, I begin this report on a personal note. This will be the penultimate report that I shall make to you. Under the provisions of our Constitution my present term of office, along with those of my fellow directors, will cease on 30th November. My Vice President, Frank Deane and a senior Director, John Moore have indicated that they will not be seeking re-election. I cannot seek to be re-elected as your President and I shall not seek election to any other office. I have served on our Board since 1st December 2001 and the time has come for me to move on.