8 



as compared with the same period of the preceding 



year:— 1846. 1847. 



£ s. d. £ s. d. 



Cash at the Bankers... 231 16 4 240 19 11 



Three per Cents 7671 4 7 57l7 6 11* 



7903 11 5958 6 10 

 But the Liabilities at the same dates present a very large 

 diminution in favour of the present year, which in reality 

 reduces the apparent deterioration of the Society's position 

 to the smaller sum of £S17 14^. \d. as previously men- 

 tioned : — for 



The Liabilities on Dec. 31 , 1846, were £2150 0*. Od. 

 Ditto ditto 1847, 1022 18 9 



which last sum has now been reduced by payments- since 

 that period to £112; and it is the intention of the Council 

 to prevent as far as possible any outstanding claims to re- 

 main unsatisfied at the close of the year beyond the cur- 

 rent monthly bills for December. 



Arrears. 



The arrears due to the Society from Fellows who have 

 neglected to pay their subscriptions for three years pre- 

 vious to January 1848, and who therefore became punish- 

 able by the Bye-Laws, Chap. L sect. 9, amount to £237 ; 

 and the whole sum incontestably due, without accumulation, 

 from persons who have placed themselves in a similar po- 

 sition since Jan. 1, 1840, is not less than £4842. 



It is much to be regretted that it does not appear pro- 

 bable that any considerable portion of this sum will ever 

 be recovered without resorting to measures which the Coun- 

 cil have hitherto avoided, and still more that a larger num- 

 ber of new supporters do not come forward at a time when 

 the Society presents far more extensive sources of instruc- 

 tion than at the earlier pei'iods of its existence. 



It is however in some degree satisfactory to know that 

 the ratio of defaulters, as compared with the gross number 



* The estimated value of ^66972 5s. \\d., now standing in the Society's 

 name. 



