Vll 



STATEMENT made to the Council by the Chairman 

 of the Finance Committee, on presenting the 

 Accounts for the year 1912. 



Mr. Adeane, in presenting, on behalf of the Finance Committee, the 

 accounts of the Society for the year 1912, said that as these were similar to 

 those presented for the year 1911, he would only have to detain the Council 

 a short time. 



The income for last year was just 36/. less than it was in the preceding 

 year. The expenditure was less in 1912 than in 1911 by 366?., and this was 

 partly due to the payment in the year 1911 of the first instalment, amounting 

 to 259?., for the insurance scheme of the officials of the Society. The total 

 income for 1912 was 9,755?., and the total expenditure 9,402?., leaving a credit 

 balance at the end of the year of 353?. 



With regard to the balance-sheet, at the end of 1912 the capital of the 

 Society stood at 51,478?., against 49,484?. in the preceding year. On the 

 credit side of that account it would be noticed that the invested Reserve Fund 

 stood at the same figure as in 1911, but there was a further sum of 2,143?. 

 under the heading of cash at bankers, which belonged to the account of the 

 Reserve Fund, and which, together with the credit balance on the ordinary 

 account of 353?., the Council would be asked to invest. This would bring the 

 Reserve Fund to 45,928?., valued at cost price. It was very much to be 

 regi'etted that their investments in Consols showed a further depreciation on 

 last year of something like 900?., and, taking that depreciation into considera- 

 tion, they recommended that the 2,500?. which they had to invest should be 

 put into 3 per cent. Metropolitan Consolidated Stock, which was terminable at 

 par in 1941, and was therefore likely to appreciate as it approached the period 

 of its extinction, and which, at the present price of 88, would pay about Sj 

 per cent. 



FORBCAST OF ORDINARY RECEIPTS AND EXPENDITURE FOR 1913. 



(Other than in respect of the Show.) 

 Prepared by direction of the Finance Committee on the basis of the recommenda- 

 tions of September 21, 1905, made by the Special Committee. 

 Actual 

 Figures 



for 1912. Receipts. 



£ £ 



8,158 From Subscriptions for 1913 of Governors and Members 8,160 



105 From Interest on Daily Balances 100 



1,214 From Interest on Investments 1,270 



278 From Sales of Text Book, Pamphlets, &c. (This does not include the sales 



of Journals which are deducted from the cost of production) . . . 270 



9,755 9,8C0 



Expenditure. 



£ £ 



1,565 Salaries of Secretary and Official Staff . 1,586 



140 Pensions to Officials 140 



725 Rent, Lighting, Cleaning, Wages, &c. (say) 720 



582 Printing and Stationery 550 



21(3 Postage and Telegrams 200 



292 Miscellaneous 400 



847 Journal 880 



766 Chemical Department 750 



255 Botanical Department 250 



200 Zoological Department 200 



402 "Veterinary Department 400 



185 Examinations for National Diplomas (R.A.S.E. Share) 200 



2,500 Contribution from Subscriptions to Show Fund 3,500 



8,675 8,776 



