393 



should be disposed of by public auction on the 23rd of August, 

 instant, and that the Treasurer be empowered to carry this Resolu 

 tion into effect. 



The following is the Report made to the Council by the Trea- 

 surer, in pursuance of this Resolution : — 



" ith October, 1852. 

 " The Treasurer reports, that in obedience to the directions of 

 Council, he caused the House, 114, Grafton-street, to be set up by 

 public auction : terms of sale being, one-quarter of the purchase- 

 money to be paid on the announcement of the purchaser, the re- 

 mainder on possession being given. The House sold for £620, the 

 gas- fittings for £10. The fourth of the purchase-money was at once 

 paid. Shortly after, an application was made to the Treasurer, re- 

 questing that the purchaser may be at once put into possession, in 

 order that he may commence repairs ; to this he consented, on the 

 condition that a Letter of Guarantee should be given to him ; that 

 the conditions as to insurance, &c, mentioned at the time of sale, 

 should be given to him ; and also on the understanding, that the 

 balance of purchase-money should be immediately paid. However, 

 Mr. Clibborn took upon himself to give posesssion without inti- 

 mating to the Treasurer his intention of so doing ; the Letter was 

 subsequently furnished, and the legal adviser of the Academy has 

 intimated, that no difficulty can arise in regard to the payment of 

 the money in question." 



The following is a copy of the Letter of guarantee, alluded to 

 in this Report, which was given by Mr. John Stevenson, Secretary 

 to the Alliance and Consumers' Gas Company : — 



" Consumers' Gas Company, 

 " Dublin, 26th Aug., 1852. 



« Sib, — The Royal Irish Academy having this day permitted the 

 Alliance and Dublin Consumers' Gas Company to go into possession 

 of the House and Premises, 114, Grafton-street, for the purpose of 

 saving time in fitting them up, — I hereby, on the part of said 

 Company, undertake that such possession shall be without preju- 

 dice to their completing their purchase thereof, according to the 

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