29 



The Auditors have great satisfaction in bearing testimony 

 to the general accuracy of the books and accounts of the 

 Society, and in expressing their approbation of the system 

 on which the books are arranged, and of the dihgence and 

 zeal which appear to pervade the departments connected 

 therewith. 



In the General Expenditure for the past year, an increase 

 of £350 has taken place, as compared with the preceding 

 year : and in the General Receipts or Income of the Society, 

 there is a falling off of about £800, owing partly to a de- 

 crease in the amount of sales of superfluous stock ; partly 

 to a somewhat less amount having been received for admis- 

 sion to the Gardens ; but chiefly from a diminished amount 

 received for compositions. The result, however, of the fi- 

 nances for the past year, shows an improvement of about 

 £2000, as compared with the Assets and Liabilities of the 

 preceding year. 



It appears by the statement of Assets laid before the Au- 

 ditors, that the actual increase in the Funded Capital of the 

 Society during the past year, amounts to £2803 3*. Id., in- 

 cluding the amount purchased by the proceeds of the Ex- 

 chequer Bill; in addition to which the sum of £595 19*. 2d. 

 must be considered in the character of an investment, hav- 

 ing been paid on account of works connected with the well : 

 this, together with the sum of £775 14*. previously so in- 

 vested in 1834, (in conformity with a resolution of Council,) 

 makes a total sum of £1371 13*. 2d., paid on account of the 

 well and its appendages : works undertaken witli the view 

 of lessening the annual cost of water, an article of indispen- 

 sable necessity in the Gardens. 



It will be evident, that this sum of £1371 13*. 2d., although 

 treated as an investment for the above reason, is not actually 

 a tangible and available asset, therefore is not included in 



