corresponding with the reduced receipts: the total sum 

 paid in 1837 amounted to £li,350, which exceeded the 

 receipts of the year by the sum of £320; in the previous 

 year the excess of expenditure over the income was £.514. 



The Funded Property of the Society, and the Cash 

 Balance at the end of the past year, amounted to £10,335, 

 which shows a trifling decrease of £185, on a comparison 

 with the corresponding period of the preceding year. 



The outstanding claims on the Society, including Debts 

 and Contracts pending, were £915 less than those of the 

 year 1836. 



The Council have not been unmindful of the pledge made 

 by them in their Report of last year, to fund at least all 

 moneys hitherto received on account of Compositions. They 

 regret that it has not been possible to carry this object fully 

 into effect; but they have the satisfaction of stating that the 

 sum of £500, received on that account during the past year, 

 has been invested in the 3 per Cents. The first investment 

 of £3iJ0 took place in June 1837, and the remaining £l80 

 in January last. 



The state of the Composition Account will stand thus : 



Total Amount of Life Compositions received from £. 



1825-6 to Dec. 1837 11,810 



Available lor general purposes, in consequence of 



the death of Life Compounders 1,030 



10,780 

 Invested in 3 per Cents 10,080 



£700 



The Council have also to report that a second instalment 

 of £500 has been re-invested in the course of the past year 

 in part payment of the loan of £2000 borrowed in March 



1836. 



In the Report of the Auditors reference is made to a sale 

 of £200 Exchequer Bills : in explanation, the Council have 

 to observe that the necessity for this sale aroxe from the 

 state of the Cash Balance towards the close of the past year. 



