xii Annual Report. [February, 1912. 
The liquid assets of the Society at the close of the year, ex- 
cluding Permanent Reserve Fund and deducting Rs. 9,729-8-10 
belonging to the funds administered by the Society, amounted 
to Rs. 69,770-8-3. The bulk of this sum is invested in Govern- 
ment Promissory Notes as a Temporary Reserve Fund. 
The Budget estimate of Receipts and Expenditure for 
1912 has been fixed as follows :— 
Rs. 
Receipts = 32,300 
Expenditure a oe. 2 1,088 
The Budget estimate of Receipts is about Rs. 42,604 less 
than the Actual of 1911. This is chiefly due to the grant of 
8. 40,000 received from the Government of India towards 
the expenses of constructing the Society’s building, and the 
interest accumulated thereon. 
The Budget estimate of Expenditure is about Rs. 700 more 
than the Actual of 1911, the items <« Municipal Taxes,’’ “ Con- 
tingencies,’’ “‘ Journal and Proceedings and Memoirs’? and 
‘‘ Printing ’’ have all been raised. «‘ Municipal Taxes’? have 
been increased owing to new assessment, Contingencies’’ are 
higher on account of additional expenses incurred for illumin- 
ating the Society’s premises in honour of Their Imperial 
Majesties’ visit in Calcutta. «Journal and Proceedings ’’ and 
‘‘ Memoirs’’ show an increase owing to an expenditure of Rs. 600 
pire, Tibet, Bengal and Pegu, sanctioned by the Council in 
November 1911; and “Printing ’’ is higher owing to the 
remitted to the Central Bureau, London, and the amount of 
Rs. 2,229-15-11 is still to be forwarded. 
t. D. Hooper, F.C.S., continued Honorary Treasurer 
throughout the year. 
