#4 Royal tnjlituiion of Great Britain, 



There were belonging to the Royal Inftitutioif 



On the On the i^U-il 



5«hjune ( m L#, Au t f-"; 



1801. 1802. 



Proprietors - - - 32,5 341 



Life fubferibers - - 268 284 



Annual fubferibers - 527 649 



Total 1 1 20 1274 154 



The income and pecuniary refources of the Inftitution have,, 

 of courfe, kept pace with the increafe of its proprietors and 

 fubferibers ; and its expenfes, though they have neceflarily 

 been very heavy, while fo great and extenfive a plan has been 

 carrying into execution, yet they have been regulated with 

 ib much order and economy, that the proprietors will, no 

 doubt, be fatisficd with the accounts that will be laid before 

 them at their next annual meeting, which will be held in a 

 few day*. 



It will (till be frefh in the recollection of the managers and 

 vifitors, that, when, in the year 1800, it was finally deter- 

 mined by the proprietors to undertake the additional build- 

 ings at the hoi ife of the Inftitution, it was then thought to 

 be quite impofrible to complete fo great and expenfive an un- 

 dertaking without a loan of at leaft 5000 1.; and it will like- 

 wife be remembered that, on opening a fubfeription for that 

 purpofe, no lefs a fum than 7000 1, was generoufly offered, 

 by a comparatively fmall number of the proprietors, in a very 

 iliort time. It will alfo be recollected that I took the liberty 

 in the report which I had the honour to lay before the ma- 

 nagers laft year, on the 25th of May, to cxprefs a hope that 

 not only the expenfes of the new buildings above-mentioned, 

 but of others alfo which were wanted, and of all the altera- 

 tions and additions that would be neceftary to be made to 

 finiin the houfein the moft complete manner, and to furnim 

 it elegantly, might, perhaps, with due care and attention, be 

 defrayed without calling for any part of that fum of 7000I., 

 which had been fubferibed to enable the managers to com- 

 plete this great undertaking. 



I have now, in common with my two colleagues of the 

 committee of expenditure (Lord Pelham and Mr. Sulivan), 

 who with myielf have been fpccially charged by the mana- 

 gers of the Inftitution with the fuperintendance. and control 

 of thefe expenfes, the pkafure to (late that thefe hopes have 

 not been difappointed. 



By 



