1 04 Annual Report of the Council. 



previous years were requested to find accommodation 

 elsewhere, as the space which their libraries occupied was 

 required for the purposes of the Society. The only society 

 now accommodated is the ManchesterPhotographic Society, 

 which has given notice of its intention to terminate its 

 tenancy in September next. 



The dividends from the Wilde Endowment Fund 

 constitute a full year's income from that source, inasmuch 

 as shortly after the conveyance had been executed a six 

 months' dividend became payable. This has enabled your 

 Council to spend a larger amount upon the maintenance 

 of the Library than would otherwise have been available 

 this Session. 



It is gratifying also to record that the efforts of the 

 President to obtain from the authorities in London the 

 remission of income-tax upon the invested funds of the 

 Society have been successful, the debit side of the 

 Treasurer's account showing a full return of the tax 

 deducted from the interest paid by the Manchester 

 Corporation for the £258 loan (Joule Memorial Fund), 

 and from the first dividend upon £3,000 Stock of the 

 London Gas Light and Coke Company (Wilde Endowment 

 Fund) ; also three years' returns upon the £1,225 Great 

 Western Railway Company's Stock (Natural History 

 Fund). Henceforth, application to Somerset House 

 annually will ensure the repayment of deducted income- 

 tax upon all these funds. 



Upon the other side of the Treasurer's Account will be 

 seen the various items of expenditure, of which a few need 

 special reference. 



In Charges on Property the sum of £40. 12s. 3d. for 

 repairs and decoration has been charged to the Wilde 

 Endowment Fund. £75 has been expended upon an 

 alteration of the electric light and its attachments, and 

 £209. 7s. gd. has been paid for three new bookcases, &c, 



