Schedule B hereto annexed shows the present condition of the 

 Permanent Fund and the manner of its investments. 



INCOME AND DISBURSEMENTvS. 

 The balance on hand to the credit of the income account at the 

 date of the last annual report was 1^ 1.05 0.43. We have received 

 during the year ending- May 15th, 1894, on account of interest 

 moneys $1,019.18, making a total of 82,069.61 as shown by 

 Schedule "A" hereto annexed. 



We have paid to the Treasurer of the Society since the date 

 of our last report the sum of $1,400.00, and have paid $22.50 

 being for accrued interest on the T. L. Brady bond and 

 mortgage purchased by the Society, leaving a balance of 

 S647. 1 1 on hand at the date of this report. 



The following changes have occurred in the investments : — 

 On June ist., 1893, the sum of $600.00 was invested at 6% in 

 bond and mortgage of Jane A. Martin on unencumbered proper- 

 ty in the Cit)' of Buffalo. 



On August 25th, 1893, the simi of $300.00 was invested at 

 6% in bond and mortgage of Henry Hitschler on unencum- 

 bered property in the City of Buffalo. 



On March 15th, 1894, the sum of $1,500.00 was invested at 

 6% in bond and mortgage of T. C. Brady, on unencumbered 

 property in the City of Buft'alo. 



Dated, May 18, 1894. CHAS. D. MARSHALL, 



Treasurer. 



