380 MASSACHUSETTS HORTICULTURAL SOCIETY. 



Contra Debit: — 

 To cash paid out during the year 1885, $28,679 18 

 " balance to new account, . . 4,273 91 



$32,953 09 



We have examined the above account and find it correct, and 

 the balance of cash on hand, forty-two hundred and seventy-three 

 i^^V dollars. 



(Signed) H. H. Hunxewell, 



Frederick L. Ames, 

 H. P. Walcott, 



Finance Committee. 

 Boston, Feb. 5, 1886. 



The sum of $11,233 of the surplus funds has been invested in 

 railroad bonds, to increase the Sinking Fund for the reduction of 

 the mortgage debt, the Fund now amounting to $18,133. The 

 sum of $500, received from the estate of Benjamin B. Davis, has 

 also been invested in a railroad bond. 



The amount of interest paid by the Societv has been decreased 

 from $3,860, paid in 1882, to $1,840 in 1885. 



The receipts from the Halls dm'ing the year have been less 

 than in previous years, — partially owing to reduction of rents in 

 competition with other halls. 



The receipts from the Annual Exhiljitions show an increased 

 income, but the accommodations of the halls are insutiicient for 

 the future enlargement of these exhibitions. 



GEORGE W. FOWLE, 



Treasurer. 

 Boston, Feb. 5, 1886. 



