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President — Administrator's Report to the Annual Meeting July 17, 1979 PRESIDENTS' REPORTS TEND to be boring and administrators' even more so.You are to get both together, so prepare for the worst. We have had an exceptionally good year. Twelve months ago we established an income goal of a quarter of a million dollars. We went well over this figure. Unfortunately, our expenses were also the biggest ever, although less than the income. I hope income will continue to increase because I can positively guarantee that expenses will be greater. We will need two thousand more visitors to pay for the increased cost of heating oil alone, and repairs which cost a lot last year will never be as cheap again. The Hadwen House-Satler Memorial received the greatest attention this past year—new kitchen tile was put down; seven chairs were reupholstered in silk fabric; the dining room, hall, stairway, and children's rooms were painted, as was the front and back of the outside of the House and the entire fence.Painting the fence alone cost more than painting an ordinary house and it must be done every few years. We rebuilt the big chimney at the Oldest House; painted the inside of the Quaker Meeting House, and made many less noticeable repairs which, compared to the big jobs were small, but cost several thousand dollars. We made another major repair at the Old Mill and Mr. Dougan, the assistant miller, painted the outside trim. Peter MacGlashan, with a crew from CETA, checked over all of our artifacts with our file cards and master files and numbered them with a waterproof substance; thousands of them in all. We continued the restoration of paintings, prints, and textiles by professional restorers, had a number of pictures reframed, and purchased several new display cases. We lost a number of members, mostly because they no longer live or visit here, but our new member program has generated enrollment to make it up. Our membership still hovers around 2500; perhaps we are the largest Historical Association in any town our size. "Historic Nantucket" is a great help in holding members and we are fortunate to