30 



the table of Assets ; but the funded property is strictly an 

 available and tangible capital. 



Referring retrospectively to the Annual Report of the 

 Council in April, 1832, the Auditors find it stated (in sub- 

 stance), "to be the intention of the Council to continue 

 steadily the plan of investing one fifth of the Receipts of the 

 Society, which plan appeared to have given such general 

 satisfaction." The Auditors, therefore, beg leave to point 

 out, that by this computation the amount due to the Invest- 

 ment Fund on January 1 , 1835, amounted to £2598 11 9 



To which add l-5th of the gross Receipts 



in 1835 £16033 2s. 9d. 3206 12 6 



Making a total of 5805 4 3 



The amount invested during the past year 

 has been as follows : 



In Reduced 3 per Cents . . .£2803 3 1 



On the Well account 595 19 2 



3399 2 3 



Leaving due to the Investment Fund, Jan. 1 , 



1836 ^2406 2 



Thus reducing, in a small degree, the amount due to this 

 Fund on Jan. 1, 1835. 



While the Auditors express their gratification in finding 

 an increase in the Funded Capital of the Society, they re- 

 gret, that, owing to circumstances, maturely considered, as 

 they trust, by the Council, they have been prevented in for- 

 mer years from carrying fully into effect the resolution al- 

 ready referred to, and introduced into their Annual Report 

 in April, 1832. 



In concluding their observations, the Auditors beg leave 

 to state, respectfully, their firm opinion, that much of the 

 future welfare, and perhaps the stability and permanency of 



