PROCEEDINGS. 341 



county. On the 5th of March, 1888, the Trustees author- 

 ized a protest to be filed with the Board of Supervisors, 

 against granting permission to the Board of Education to 

 erect a school-house upon this lot, and subsequently filed a 

 similar protest with the Board of Education. Notwith- 

 standing this action, permission was granted, and the 

 school-house was completed. Tour Trustees consider the 

 title of the Academy to this lot perfect, and will assert its 

 rights at the proper time. 



In October the Secretary was authorized to procure a set 

 of account books, and to keep a complete account of the 

 financial transactions of the Trustees. This had never been 

 done, the only books in the hands of the Secretary being 

 the bank pass-book, memorandum of vouchers audited, and 

 the vouchers themselves. The services of an expert ac- 

 countant were obtained, and all books and papers in the 

 hands of the Trustees were written up and classified, and a 

 new set of books opened. 



The expenses of the Academy have been considerably in 

 excess of its ordinary receipts, and in December the Trust- 

 ees were compelled to borrow $5,000 from the Lick Trustees 

 for one year, at 5h per cent., making in all $10,000, which 

 is now due them. The unusual expenses were on account 

 of grading the Market-street lot, plans of the architects, the 

 publications of bulletins, and general scientific work. The 

 receipts from the Crocker Scientific Investigation Fund 

 have amounted to $1,200, and the disbursements for serv- 

 ices and expenses properly chargeable to it were $1,210. 



No ofiicial communication has been received from the 

 Trustees of the Lick Estate during the year, of the present 

 condition of the Trust, but from private sources we learn 

 that the amount to be received in the distribution of the 

 residue of the Lick Estate will exceed all previous esti- 

 mates. 



The personal property of the Society, as noted in the 

 last annual report, together with additions which have been 



