92 MASSACHUSETTS HORTICULTURAL SOCIETY. 



The property of the Society consists of its 

 real estate, building and furniture, costing, 



at date, ..... ^254,833 22 



Library, ..... 8,555 21 



Exhibition ware, .... 862 84 



Cash in the Treasury, ... 391 42 



S264,642 69 



The liabilities of the Society are a debt 

 secured by mortgage, on interest at 5i per 

 cent, payable in 14 years, . . . S94,000 00 



A loan from Josiah Stickney, payable accord- 

 ing to articles of agreement, to Harvard 

 College, in the year 1899, without interest, 12,000 00 



106,000 00 



Leaving a balance of . . . $158,642 69 



representing the cost to the Society of its property at date. 



It will be seen that the balance of our floating debt, amounting to 

 $11,000, has been extinguished, and .$6,000 have been paid on our mort- 

 gage debt within the year. A further reduction of the mortgage debt 

 was contemplated, but several unusual expenditures have prevented. 

 A large proportion of the prizes of 1868 were left to be paid out of this 

 year's earnings. An unusual amount has been expended for the Library, 

 and we are provided with Exhibition ware. Medals, etc., not soon to be 

 renewed. Our prizes for the present year are provided for, all salaries 

 and expenses are paid, and the Society stands to-day free of all debt 

 save that named above. 



As our debt is lessened, we make a corresponding saving in our 

 interest account, leaving us more means for its reduction. Pursuing 

 the rate at which it has been reduced, since the erection of our building, 

 it will be extinguished long before it is due. 



Our list of members at the commencement of 



the year numbered. Life, . . . 480 



New Members, .... 18 



Changed from Subscription, ... 4 



— 22 

 Deceased, . . . • . . 4 



— 18 



— 498 



Annual, ..... 516 



New Members, .... 22 



538 



