294 Proceedings of the Royal Institution. 
the whole of this amount, and 10/. in addition, should have been 
received from the tenants of the Institution, but only 3701, has 
actually been recovered, one of the tenants being unable to fulfil 
his covenant, whereby his right of renewal has become forfeited, 
and \is now vested in; the Institution; the balance of 240/. may 
therefore be considered as a sum of money laid out to great ad- 
vantage. 
It is not the duty of the visiters to anticipate the accounts of 
the current year ; but, having taken some pains to ascertain the 
scale of the present expenditure, they cannot resist the gratifica- 
tion of communicating the result of their inquiries, which has been 
highly satisfactory. 
The estimated diminution of expense (excluding the 600/. fine) 
is about 600/., to which must be added 3004. for the charge of the 
laboratory, making a reduction of 900/. in the charge upon the 
general funds. 
The privilege of introducing one person to the Jectures, which 
has been given to the members who have subscribed to the labora- 
tory fund, has been found not to interfere with the number of an- 
nual subscribers, which is, on the contrary, larger than in the pre- 
ceding years; and the visiters have had the gratification to find 
that the lectures in all cases have been well attended, and that the 
theatre on some occasions has been full. 
Under all these favourable circumstances, the visiters cannot 
refrain from congratulating the members upon the new aspect 
which the affairs of the Royal Institution haye assumed. They do 
not hesitate to give it as their opinion, that the whole establish- 
ment is now placed upon a much securer foundation than that o¢ 
any former period ; and if they feel any anxiety, it is that the mem- 
bers, by their patronage of the laboratory fund, may not only enable 
that department to persevere in those exertions, from which such 
great benefits have already been derived to science, and such 
honour to the nation, but may increase its efficiency, and enlarge 
the sphere of its utility. 
WINCHILSEA, BENJAMIN ANSLEY, 
Joun FuLLeER, Joun Rozpinson, 
Re Souty, J. F. Danizcu. 
"' ares 
