AND THE ROYAL HORTICULTUEAL SOCIETY. 545 



necessary expenses, and also sums to be given for medals, or 

 prizes for competition for articles shown at such Exhibition, and 

 further in respect of the current expenses of tlfe gardens to be 

 laid out and constructed under the said agreement, including the 

 repairs to be done by the Society, costs of insurance, and any 

 structural or other improvements or ornaments which the Com- 

 mittee may think fit, which allowance shall from time to time 

 proceed and be made upon a fair and reasonable basis, and so as 

 to keep and maintain the said gardens, and all the buildings, 

 improvements, and ornaments upon and belonging thereto in 

 thoroughly good order and condition ; secondly, there shall be 2. Interest 

 then retained by the Society out of such receipts the amount J^™^^ 

 which may be from time to time payable by the Society in respect ^j. ^^^ 

 of interest not exceeding 5 per cent, per annum on the sum of £40,000 

 £'40,000 originally borrowed or agreed to be borrowed by them on a°d ^^^ 

 debentures as aforesaid, and on any further sum or sums they borrowed, 

 may borrow and expend in accordance with Clause 1 of this agree- 

 ment not exceeding £10,000, or on so much of the original and 

 additional sums as for the time being may have been raised and 

 shall not have been paid off; and, thirdly, there shall then be J^^^^'^J^^ 

 paid by the Society to the said Commissioners as rent the yearly 

 sum or sums hereinafter in that behalf mentioned, if the receipts 

 shall be adequate for such payment, after retaining to the Society 

 the sums authorised to be retained by them under the first and 

 second heads of the present clause, but otherwise such a sum only 

 as shall be equal from year to year to the residue of the receipts 

 over and above the sums so in precedence, viz., if the Commis- 

 sioners shall limit their outlay under Clause 3 of the said recited 

 agreement to ^650,000 then the yearly sum of £2,145 only, but 

 if under Clause 3 of this agreement they shall expend a larger 

 sum, then an addition shall be made to such rent at the rate of 

 £4 5s. for every additional £100 which the Commissioners shall 

 think fit to expend in accordance with that clause, not exceeding 

 £10,000 in the whole. And if there shall remain any surplus J' ^^™^" 

 over and above the said several payments hereinbefore directed 

 to be made or retained out of the " receipts from the gardens," 

 there shall be paid to the Commissioners for their own use, and 

 as additional rent yearly, whether or not they make any additional ,^5^^.^^. 

 outlay, a sum equal to half such surplus. fifths of 



5. The 17th Clause of the said recited agreement shall be '^^^% 

 altered as follows, viz., the Society shall devote and apply towards .^ ^.^^^^^_ 

 the liquidation of their debenture debt, whether it amount to the tiouof 



