New Zealand Institute. 



545 



the pressure at the office, the publication of the Ust volume 

 was delayed so late in the year. 



Three years ago the New Zealand Institute obtained per- 

 mission from the Colonial Secretary to store back numbers of 

 the Transactions in the cellar of the Library in the Parliamentary 

 Buildings. There are now about fifteen thousand volumes 

 stored there. Fortunately, in the great conflagration which 

 recently destroyed the greater part of those buildings the Library 

 was saved, and the volumes are not damaged. 



Carter Bequest. — The amount standing to the credit of the 

 fund on the 31st December, 1907, was £2,617 lis. lOd. In ad- 

 dition, there is a quantity of scrip in the New Zealand Loan 

 and Mercantile Agency Company at face value. The money is 

 invested by the Public Trustee, and is earning interest at the 

 rate of 4 per cent, per annum. This fund represents a bequest 

 by the late C. R. Carter to the New Zealand Institute for the 

 piirpose of establishing an astronomical observatory. The fund 

 has been accumulating for some years, and on the 31st De- 

 cember last was as stated above. 



Financial. — Herewith is presented the balance-sheet for the 

 year just ended. From this it will be seen that the credit balance 

 amounts to £361 5s. lid. 



Receipts. 

 Jan. 1. — Balance forward 

 Sale of Transactions 

 Sale of " Maori Art " . . 



Contribution, Wellington Philosophical Society 

 Government grant 



Expenditure. 

 Printing Transactions . . 

 Expenses of members (three) 

 Services — 



W. McKay 



C. Freyberg 



Editor 



Secretary . . . . ■ 



Library 

 General expenses — 



Express Company . . 



Andrews 



Whitcombe and Tombs 



Small accounts, postage, &c. 



Bank charge 



IS- -Trans. 



514 13 4 



