16 



CASH ACCOUNT. 



From the annexed accounts of Receipts and Payments, an unfavour- 

 able inference might be drawn, at first sight, as to the pecuniary position 

 of the institution, the debt due to the bankers being £10,701 12s. 8d. 

 Such an inference would, however, be erroneous. The current expendi- 

 ture for the year has been strictly kept within the limits of the rate 

 authorised by the Council. Circumstances over which the Committee 

 had no control have led to this accumulation of debt, which, however, 

 there are ample assets to meet. During the year, £1,695 9s. lOd. have 

 been paid in fittings for the Museum, and £1,563 8s. Od. for fittings for 

 the Library. Towards this outlay, £3,000 will be contributed by Mr. 

 William Brown. There is also a sum of £6,673 I8s. 6d. due from the 

 rate, which is withheld, owing to a legal dispute. The building in Duke 

 Street will, it is expected, reahse over £3,000 ; thus showing resources 

 sufficient to discharge the present debt, and, it is hoped, to complete the 

 fittings. 



The transfer to the new building has widely extended the capabilities 

 and usefulness both of the Library and Museum— the former having 

 doubled the number of its readers, and the latter having largely increased 

 in area and extent. This must, of necessity, lead to considerably 

 increased expenditure, unless the institution, which has been opened with 

 so much eclat, and is regarded as one of the chief glories of Liverpool, is 

 to be crippled in its usefulness. 



The Committee appeal confidently to the Council and the public of 

 Liverpool to afford them that generous support which the necessity and 

 importance of the case so imperatively demand. 



