Ob BOARD OF AGRICULTURE. 



Expenditures. 



Members' per diem ( season; $1,621 4o 



Salaries, Secretary, Treasurer and General Superintendent . 1,650 16 



Printing and advertising 1,620 03 



Postage and stationery 225 00 



Express, telegrams, litigation . ' 150 48 



Current expenses of fair 3,671 53 



Twenty per cent, of construction and repairs 779 91 



Woman's department 569 94 



Premium awards 10,414 30 



Total $20,702 80 



Net profit from State Fair 3,726 60 



Total • $24,429 40 



The above estimate is based on the calculation of 20 per cent, of the cost of im- 

 provement, as all of that outlay is for a class of building of permanent character 

 to be used for future fairs. The additional 80 per cent, is in the nature of capital 

 invested. To add all to this one fair would reduce the net profit to $606.96. 



UABIJLITIES. 



The liabilities of the Board are concentrated in the $40,000 of bonds of the 

 Board, bearing 6 per cent, interest, payable semi-annually, and due in three years. 

 The necessary improvements made during the last two years, costing $9,604.37, and 

 the failure of the last Legislature to appropriate the usual amount of $5,000 for 

 interest on the bonded debt, has prevented the redemption of any of the bonds 

 during the last two years, as had been intended. There are also about $13,000 of 

 non-interest bearing notes, given for as-sessments paid on guarantee bonds of 1873, 

 due after the bonded debt is paid. The parties holding such notes refuse to dispose 

 of them at a discount, although four years ago they were offered at twenty-five 

 cents on the dollar. 



The assets of the Board are the State Fair Ground property lying within the 

 city limits, which is variously estimated in value at $125,000 to $200,000. Its high 

 value arises from its eligibility as residence sites, and the improbability of it ever 

 being separated from the city by steam railroad crossings. 



INSURANCE. 



The amount of insurance on the main hall has been reduced to $25,000, owing 

 to the improved fire protection by connection of the water pipes in the building 

 with the City Water Works, 100 feet of hose on each floor kept attached and ready 

 for use, and the refusal of the insurance companies to lower the rate of premium 

 which is now 1} per cent. The risk is divided among sixteen companies. The 

 amounts and rates on the other buildings remain the same as repoi-ted one year ago 

 (page 64 of published Annual Report). 



