MAY 1, 1852. 173 



is now one of the laws of tlie Society. In coming to this conclu- 

 sion, the Council have also resolved that the sums thus received 

 should be applied exclusively to the extinction of debt so long as 

 any liabilities remain, and should afterwards be funded, the in- 

 terest only to be employed as annual income. Up to the 12th 

 of April the following Fellows had taken advantage of this 

 By-law : — 



Colonel Challoner, after paying 10 years' subscription, £. s. d. 

 by further payment of 26 5 



Eob. Hildyard, Esq., after paying 16 years' subscription, 



by further payment of 26 5 



Sir C. Lemon, Bart., after paying 26 years' subscription, 



by further payment of 2100 



W. H. Fox Talbot, Esq., after paying 28 years' sub- 

 scription, by further payment of 210 



On several occasions it has been urged upon the Council, that 

 the Quarterly Journal might be sent by post to distant Fellows 

 at the charge of the Society, but no decision had been arrived at 

 till tlie present year, the Council being unwilling to add 50/. a 

 year to the expenses of the Society for such a purpose. The 

 question having however been again taken into consideration, the 

 Council have arrived at the conclusion that the measure may be 

 conducive to the interests of the Society, as well as agreeable to 

 the Fellows, and they have therefore .sanctioned the expense. 



The question of renewing the lease of the Garden, according 

 to the provisions of the covenant therein contained, bj' paying a 

 fine of 450/., has been A'ery carefully discussed, and the Council 

 have decided that the rapid advance of the metropolis westward, 

 togetlier with the long unexpired term of years for which the 

 Garden is still lield, renders it inexpedient to take any steps in 

 the matter. The present Garden lease will therefore expire at 

 Michaelmas, 18S1. 



The following Balance-sheet has been prepared by the 

 accountant, and passed by the auditors on behalf of the 

 Society. 



