JOURNAL OF THE SOCIETY OF COSMETIC CHEMISTS Annual Report of the HENRY F. MASO President December 6, 1967 It is my duty at this meeting to present to you the annual report of your President for 1967, the 22nd year of our Society. Every President before me has devoted his annual report to reviewing his year in office as a year of great complexities, major problems, exciting developments and high productivity. 1967 was certainly no different in all of these respects and was indeed a year of continued spectacular growth. Our great progress this year reflects the loyal and dedicated efforts of your officers, directors, committee chairmen and their many committee members, a total of 115 individuals, whose vast contributions on a strictly voluntary basis cannot be measured in financial terms, but should be recognized for the success they have generated. 1967 will be known in our history as the year of our independence. After 15 years of a beneficial yet dependent relationship with the New York Academy of Sciences, we have now emerged as a fully independent organization. We are grateful to the New York Academy and to Mrs. Eunice T. Miner, who retired in May as our Administrative Assistant, for her wise counsel during our formative years. Today we look with great pride at our new office at the Chemists' Club in New York City. This could not have been accomplished without the diligence and conscien- tiousness of Harry Isacoff, our Secretary, Ken Hartley, our Treasurer, and Mrs. Rose Potraker, our Office Supervisor and your Society's first full-time employee. We are now able to maintain a detailed surveillance and control of all aspects of our Society's activities including any phase of our finances. As you know, we have approximate assets of $178,000. However, this generates only a portion of the income required to operate a society of our rapidly increasing magnitude, and does not supply the in- come needed to expand our operating staff. 69

7O JOURNAL OF THE SOCIETY OF COSMETIC CHEMISTS Our meetings continue to demonstrate our mushrooming growth. At each meeting we say "this is the largest National Meeting to date." Today's meeting has a total registration of 818. Special recognition is extended to the masterful job done by Charlie Fox as Chairman of this Annual Meeting. The September Seminar in Chicago with Morrie Root as Chairman, Hy Henkin in charge of Program, and Bill Ackley in charge of Arrangements, was outstanding with a total registration of 432, the largest seminar ever held out of New York City. Our May Meeting, chaired by Herman Jass, was equally outstanding with a total of 686 reg- istered, the largest Semi-Annual Meeting in our history. Next year, there will be only one National Meeting in New York City. This will be the 1968 Annual Meeting in December. Our other meetings will be in Boston and in Washington. The Washington Meeting on April 22nd and 23rd, 1968 will reflect the new ecumenical spirit among cosmetic scientists, and will witness the joint harmonious presentation of papers by individuals from the SCC, FDA and TGA. This meeting will take the place of the regular May Meeting of the SCC and TGA. The high caliber of our programs has produced the greatest backlog in our history, of papers waiting to be published in our Journal. In August, Dr. Martin Rieger retired as Editor of the Journal and was officially honored for his five years of devoted service. The tremendous responsi- bilities of Editor have now been placed in the capable hands of Dr. Karl Laden, who is struggling to organize the unitized staff our Journal needs so badly to reduce the heavy burden of the Editor and to put the Journal on the same organized basis as the Society's new office. As you all know, our Journal has suffered severe exponential increases in its printing costs this year. These have overwhelmed gains from increased advertising revenues and from reduced payments for overseas issues. We are grateful that Karl Laden has agreed to take on the responsi- bilities of Editor and join with him in reaffirming the principle that the Journal of the SOCIETY Or COSMF•TIC C•IEMISTS exists for Scient .fic rather than for profit making purposes and is indeed a prime raison d'•tre for our Society. Our membership growth, under the dynamic leadership of chairman, Bob Goldemberg, broke all records this year. We gained over 250 new members and have today a total of 1340 members. At our Board Meet- ing on Monday, Dec. 4th 49 new members were admitted. We have in- augurated a thorough study of our membership classifications with a view to expanding these to a more definitive basis, and we hope to see this finalized next year.