192 MASSACHUSETTS HORTICULTURAL SOCIETY. 



1,035 



Income from the above : — 



11 Life, ..... $330 



19 Annual, .... 190 



3 Commutations, . . . 60 



345 Subscriptions, . . . 690 



$1,270, 



A less sum than last year, but fair when we consider the condi- 

 tion of business matters. 



Our income from Mount Auburn is even less than that reported 

 last year ; this is accounted for by large expenditures in improve- 

 ments, for a statement of which see the report of the treasurer of 

 that corporation, which follows this. 



The stores are occupied as last year, by a renewal of leases, 

 yielding an increase of rent. 



The rent of Halls shows an increase of thirty- three per cent, 

 over that of last year ; a pleasing result not warranted by indica- 

 tions early in the season. May we not fairly assume this to be an 

 index of public favor, and a proof of the high estimation in which 

 our Halls and accommodations are held? 



The receipts from the Annual Exhibition, and the Festival 

 which followed it, when taken from the expenses, left a larger 

 deficit than usual. The Festival, in its form, was an experiment 

 untried for many years, and was not fully understood or appre- 

 ciated, but, with this experience, we may improve. 



The item of alterations and repairs is larger than ever before. 

 Ten years of wear and decay, rendered necessary considerable 

 outlay in our basement stores, for new floors, stairs, etc., but the 

 greater part of these expenditures was on the roof and in the 



