282 THE EARLY HISTOEY OF [CHAP. V. 



when, by some disappointment as to lectures and by the 

 postponement of the autumnal course in consequence 

 of the lamented illness of their excellent Professor of 

 Chemistry, the subscriptions have been diminished and 

 , their payment postponed. 



' The expenses have increased. The library required 

 5201. There was some extra expense about 1661. in 

 the laboratory, so honourable to the Royal Institution 

 and so beneficial to the interests of science in every 

 part of the world. The fitting up and forming the 

 mineralogical collection has cost 404. 



4 It is proposed that l,46l., to be paid by the repre- 

 sentatives of Mr. Edward Gray for renewing his lease 

 of one of the adjoining houses, should be spent, and 

 that the cost of the proprietors' shares should be re- 

 duced. 



* Mr. Soane, the architect of the corporation, and Mr. 

 Harris, the librarian, have made a valuation of the 

 Institution property. 



House and buildings, with the two adjoining houses, 

 subject to the existing under-leases and to the pro- 

 posed lease , . . 13,000 



Books and manuscripts 7,000 



Mineralogical collection ...... 1,000 



Laboratory and apparatus . 4o6 



Mechanical apparatus and models .... 1,000 



Furniture of the house 900 



Consols 3, 1,375 at 64 880 



4, 2,684 ,,83 2,297 



' With such a property, exempt from any mortgage 

 or encumbrance, and with views directed to the great 

 and important advantages which science, literature, 

 and morality are deriving and may derive from this 



