11 ANNIVERSARY MEETING. 



In the first place, the sum invested in Exchequer Bonds exceeds the 

 sum received for compositions by a larger amount than the excess of 

 expenditure over income. But the principal circumstance to which 

 the Council have to call the attention of the Fellows is, that, in con- 

 sequence of the very large excess of income over expenditure last year, 

 it was determined to apply ^650 to the purchase of Books for the 

 Library, and a further sum of j630 for the purpose of procuring 

 assistance in the Museum. The sum actually expended under these 

 two heads amounts to 5^40 13*. 3c?. 



The Council adopted this temporary mode of investing the surplus 

 balance at their Banker's in the purchase of Exchequer Bonds, while 

 they were considering the propriety of continuing to invest the 

 amount received for Composition Fees, or of expending that amount 

 in furthering the objects of the Society ; it having been suggested 

 by the Treasurer that the sum already invested far exceeded the 

 present life-interest of the surviving Compounders in their com- 

 positions. 



The number of Compounders at the close of 18.53 was 134, and 

 at the close of 1854 it was 137, three having died during the inter- 

 val, and six newly elected Fellows having compounded, the amount 

 of whose compositions, with one remaining unfunded at the close of 

 1853, is 36220 10^. Of this, the sum of ^199 I5s. 3d. has been 

 laid out in the purchase of two Exchequer Bonds of 36 100. The 

 amount of the funded property of the Society therefore (exclusive of 

 the Exchequer Bonds) remains the same, viz. 564014 15*. 8^?. The 

 amount received from the 137 existing Compounders is ^643 15 lOs. 

 The Council have further to report that the 10th volume of the 

 Journal of the Society has been completed. The first part of Vol. XI. 

 is ready for publication ; and a new Part of the Transactions, forming 

 the 4th part of the 9th volume, is in an advanced state. 



The Supplement to the Library Catalogue, to which reference was 

 made in the Report of last year, is being executed by Mr. Rupert 

 Jones in a manner which must render it exceedingly valuable to all 

 the working members of the Society : — it will be found also to contain 

 a list of such original Maps, Sections, and Illustrations as have accom- 

 panied communications, and have been left in the possession of the 

 Society. 



The Council desire to call the attention of the Society to the im- 

 proved List of the Donations to the Library of the Society, published 

 in the Journal, as prepared by Mr. Jones, acting on the suggestion 

 of some Members of the Council ; it now contains a complete list 

 of the titles of all the various notices and original memoirs comprised 

 in the numerous Transactions and Journals, British as well as Foreign, 

 which the Society has received. 



They have further to report, that in March last it was deemed ad- 

 visable, as a temporary measure, to authorize Mr. Rupert Jones to 

 obtain an Assistant in the Museum. The services of Mr. Gawan 

 were engaged ; and in December last the engagement was, by consent 

 of the Council, continued down to the present Anniversary. The 

 charge in respect of this increase amounts to ^634 1 Os. 



