Westland Institute. 621 



there have been no extra expenses during the year, the priucipal liabilities 

 being for books, which are good assets, and for papers, whicb are a 

 necessary formula of the Institute, but which have a tendency to 

 diminish income with very little return. They conclude with a hope 

 that the incoming Trustees may have a prosperous year. 



The annual report and balance-sheet were read and adopted. 



It was reported that the membership numbered sixty, including 

 junior and honorary members ; chat £37 had been received during the 

 year in subsidies; that the receipts for the year were £104 14s. Id., and 

 the expenditure £95 6s. 3d., leaving a credit balance of £9 7s. lOd. ; that 

 the matter of the Carnegie subsidy was still in abeyance ; and that over a 

 hundred volumes of various new works had been added to the library 

 during the year. 



Votes of thanks were passed to the retiring officers, local newspapers, 

 and to all other benefactors of the Institute. 



Election of Officers for 1904. — President — Mr. Mabin ; 

 Vice-President — Mr. G. Perry ; Treasurer — Mr. D. Macandrew ; 

 Trustees — Messrs. Michel, Morton, Beare, Dunne, Clarke, 

 Lewis, Park, McNaughton, Heinz, Mahan, Wilson, and Dr. 

 Teichelmann. 



