12 



Capital Account, the amount of Capital had been raised to 

 ;^i229, ys. 6d., as compared with ^,944, 17s. 2d. at the close 

 of the previous account. It was interesting to note that if they 

 went back to the end of 1894 they were only possessed of j£6i, 

 and out of that ^50 was due to the Forestry Chair Endowment 

 Fund. He thought it was exceedingly gratifying that after an 

 interval of nine years their Capital account had reached _;,ri229. 



Mr Charles Buchanan, Penicuik, seconded, and the Report 

 was adopted. 



Excursion Fund. 



The Secretary submitted the following Abstract of Accounts 

 for the past year : — 



Excursion to Woburfi, etc., 21th to ^ist July 1903. 



RECEIPTS. 



Balance in hand at close of last Account. 

 Contributions to Common Purse, including Deposits, 

 Sums received in advance for Swedish Album, . 



£22 13 II 



296 12 II 



440 



£^2z 10 10 



PAYMENTS. 



Auditors Fee for 1902 Accounts, 



Printing Programmes, etc., 



Hotels, ...... 



Hiring and Railways, .... 



Gratuities and Miscellaneous Outlays previous to 

 and throughout the Tour, 



£2 2 



3 6 



186 II 



72 



5 S 



9 9 



269 18 7 



Balance carried forward to next Year, being Sum in 



National Bank of Scotland on Account Current, . ;^53 12 3 



N^ote. — The above Balance includes ^^4, 4s. received in advance 

 for the Swedish Album, and is subject to the cost of 

 the presentation copies of the Excursion Group taken 

 at WoV)um, estimated at about ;^20. 



Edi.nburgh, 6lh February 1904. — Examined with Vouchers and Memor- 

 andum Books and found correct. Bank Certificate of above balance of 

 ;^53, I2S. 3d. also exhibited to me. 



John T. Watson, 

 Auditor. 



