76 



ABSTRACT of the ACCOTTNTS of the ARGYLL NAVAL FUND 



for 1877-78. 



CHAKGE. 



1. Funds as at 30th November 1877— 



Debenture Bond of Caledonian Eailway Company, . £1,000 



Debenture Stock of the North British Railway Company, 1,200 



Funded Debt of the Clyde Navigation Trust, £3000, pur- 

 chased at 99 per cent., . . . . 2,970 



£5,170 

 Balance in Bank at 30th November 1877, . . 604 4 6 



£5,774 4 6 



Income received — 



On £1000 Caledonian Railway Company Debenture Bond 



at 4 per cent., £40, less Tax, 14s. 2d. . £39 5 10 

 On £1200 North British Railway Company 



Debenture Stock at 4^^ per cent., £51, 



less tax, 18s. Id., . . . 50 1 11 



On £3000 Funded Debt of Clyde Navigation 



Trust at 4 per cent., £120, less tax, 



£2, 2s. 6d. . 



On £305 Royal Bank Stock for half-year to 

 4th July 1878, . 



Deduct Interest on Bank Account, 



218 15 4 



Sum of Charge, £5,992 19 10 



DISCHARGE. 



Allowances to the two following Recipients — 



R. A. J. Montgomerie, sixth year, . . . £40 



Norman Godfrey Macalister, fourth year, . . . 40 



Funds as at 30th November 1878 — 



Debentuke Bond by Caledonian Railway 



Company, . . . . £1,000 



Debenture Stock of the North British 



Railway Company, . . . 1,200 



Funded Debt of the Clyde Navigation 



Trust, £3000, purchased at . . 2,970 



Stock of the Royal Bank, £305, purchased 



at . . . . . 671 



£80 



£5,841 

 Balance in Bank at 30th November 1878 71 19 10 



5,912 19 10 



Sum of Discharge, £5,992 19 10 



W. S. WALKER, Treasurer. 



ANTHONY MURRAY, Chairman of FiTiance Committee. 

 MACKENZIE & SMITH, C.A., Auditors. 

 Edinburgh, Zd January 1879. 



