2009 AGM & SGM
2007/8 was £2.79m compared with £2.52 become more involved with the activities
m in 2006/7. These figures once again President’s of the Institution and developing closer
reflect an increase across the board in the links with industry have continued to
Institution’s activities. Address be the main priorities of the Institution.
There was an operating surplus of At the same time, the Institution has
£151k in 2007/8, compared with £39k in The following address was made by the continued to improve the way in which
2006/7. Of this figure, £90k related to President, Mr Stephen Payne, at the 2009 it promotes and facilitates the exchange
activities in 2006/7, leaving an operating AGM. of information and discussion - as it
surplus on 2007/8 activities of £61k. When I addressed you at this time has done since it was founded in 1860
This comfortably exceeded the budgeted last year, I confessed to a feeling of - through its international publications,
surplus of £32k, and was mainly due to trepidation, but also of a deep sense of conferences and today, increasingly
an increase in advertising and conference the honour and privilege which had been through the website.
revenue before the impact of the recession bestowed upon me by my election as the Membership over the past year saw
was felt. It will go someway to cushioning 28th President of this great Institution. At a modest yet welcome increase in the
the expected downturn in the Institution’s the end of my second year as President, 96 countries in which the Institution is
income during this financial year, caused I can report that whilst the feeling of now represented, and is once again at its
by the recession, although at this stage, it trepidation may be less, the sense of highest at any time in the Institution’s
is difficult to quantify what that will be. honour and privilege I feel has not history. A new Section was formed last
The Institution will continue to monitor diminished. May I therefore thank you year for members in South Australia and
the position and take corrective action if for providing me with the opportunity the Northern Territories, now giving
required. to enjoy a further year as your President, every member in the Australian Division
However, the crisis in the world and to take the Institution into the year access to a local branch. For many
financial market did have a significant members world-wide, the opportunity to
adverse impact on the Institution’s meet with other maritime professionals at
investments. The total value of the
“Membership
local Branch meetings represents one of
Institution’s funds investments at 30 Sep
2008 was £2.5m compared with £2.9m
over the past year
the greatest benefits of membership, and
I am pleased to report that the Branches,
at 30 Sep 2007, reflecting the downturn
saw a modest yet
Joint Branches and Sections have had
in the market and reversing the increase a very active programme of technical
seen over the previous two years. This welcome increase meetings and other activities. Once again,
downward trend has continued in
2008/09.
in the 96 countries
I would like to take this opportunity on
behalf of the Institution to thank those
It remains Council’s policy to maintain
in which the
members who give willingly and freely
reserves at their current level in real of their time to serve on the Branch and
terms in order to cover foreseeable future Institution is now Section Committees. Without their
operating requirements.
The auditors expressed their
represented”
efforts such activities would not take
place. I would also like to extend the
satisfaction in the manner in which the same thanks to those members who serve
Institution’s Accounts were presented. on the Institution’s standing committees
The Council has therefore approved the in which celebrates the 150th anniversary or contribute in other ways, and without
Annual Accounts as presented to you. “ of its founding in 1860. I am sure none of whose contribution the Institution would
you can be unaware of that momentous not enjoy the standing which it has in the
event, given the number of times the global maritime industry. As for new
Special General Chief Executive has made reference to it Branches in the next twelve months, the
in RINA Affairs. Chief Executive tells me to watch this
Meeting On looking back at the report of the space.
Institution’s activities and achievements Over the past twelve months, the
The following Resolution was passed at which I made to you at the last AGM, Institution organised a record number
the 2009 Special General Meeting: I find that I could well describe the of international conferences and training
achievements and activities over the past courses. Conferences were held in the
Resolution: “To make such changes twelve months as simply more of the UK, Italy, France, Singapore, Australia,
to the By-Laws as may be necessary to same. Increasing the internationalism New Zealand and China. As an example
introduce changes to the membership of the Institution, reflected in its making its events more available to the
structure, as published in RINA Affairs.” membership and all its activities, members, the popular and successful
Details of the changes to the membership encouraging the younger members of Basic Docking course which had
structure are published on page 10 the naval architecture profession to previously been only held in London
Rina affairs June 2009 3
RA JUNE 09.indd 3 02/06/2009 11:59:55
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