the year on account of the Well, which may be fairly consi- 

 dered as ti beneficial investment. 



The amount received for Life Compositions up to December 

 31st, 1836, is £11,310, viz. 438 at £20 each, and 85 at £30 

 each. These Compositions the Committee of Auditors consi- 

 der as deposits in Trust, andi as such, in their judgement, 

 ought to be permanently invested. 



It is therefore the intention of the Council, acting upon the 

 suggestion and using the words of the Auditors, that hence- 

 forward the minimum of the Investment Fund should be the 

 amount which has been received for Life Compositions, and 

 that in future all the moneys received for Compositions should 

 be invested permanently ; and such other sums as the Coun- 

 cil may be able to spare for Investment from time to time 

 may be added, or kept on other distinct securities, as in their 

 judgement may seem most advisable. 



For further details connected with the Finances of the So- 

 ciety the Council refer the Members to the Report of the Com- 

 mittee of Auditors. 



Before concluding this portion of their Report the Council 

 desire to record their sense of the valuable and efficient aid 

 which has been afforded the Society by the Auditors and the 

 Committee of Finance, to whom the thanks of the Society are 

 justly due for the able and judicious manner in which they 

 have discharged the duties assigned to them. 



