1878.] Annual Be^ort. 89 



Finance. 



The Council have to observe that though the actual financial condition 

 of the Society is perfectly sound and prosperous, the income of the past year 

 shows a falling off owing to the reduction of subscriptions, and was less 

 than the expenditure, by Es. 854-15-11. 



The circumstances of the year were rather exceptional, but the Council 

 believe that with care the reduced income will be found sufficient to meet 

 the ordinary expenses of the Society, and their anxious attention will be 

 given to this object during the current year. 



It is somewhat difficult, however, to ascertain the exact financial posi- 

 tion of the Society at present, because during the past year a great deal of 

 extraordinary expense was incurred on account of Repairs to the Building 

 and Furniture, &c., and it is not always easy to estimate the amounts to be 

 charged against ordinary or extraordinary expenditure. 



After all liabilities on account of the repairs &c. had been met, there 

 remained Government Securities amounting to Rs. 1,36,000. Of this sum 

 Rs. 1,26,700 have been transferred to the Permanent Reserve Fund, under 

 Rule 67, and will yield an income of Rs. 6,836-8 annually till the expiry of 

 the 5i per cent. loan. 



The balance, amounting to Rs. 9,300, has been kept in the Temporary 

 Reserve Fund, and is available to meet any extraordinary expenses beyond 

 the limits of the regular annual income, though care must be taken in re- 

 gulating such expenditure out of the capital of the Society. The interest 

 accruing from this part of the Society's vested Funds will amount to 

 Rs. 511 annually, and, allowing for the probable sale of Rs. 2000 during the 

 year, on account of the publication of Mr. Moore's papers and the prepara- 

 tion and publication of the new Library Catalogue, the total income deriv- 

 able from these funds for the year may be set down at Rs. 7,200, or Rs. 600 

 a month. 



The gross receipts of the Society during the year amount, as shewn in 

 the table below, to Es. 41,346-11-1 and the gross expenditure to Rs. 38,651- 

 13-10. 



This latter sum includes the following items of extraordinary expendi- 

 ture : under Publications, Rs. 571-6-10, remitted to England in advance for 

 the publication of Mr. Moore's papers on Indian Lepidoptera; under Library, 

 Rs. 935-3-1, for the new Catalogues and MSS ; under " Mefund of Loan,'^ 

 Rs. 2,000 repaid to the 0. P. and Conservation of Sanskrit MSS. Funds; 

 under Furniture and Building, Rs. 15,695-12-0. The total of these items 

 amounts to Rs. 19,202-5-11, which was partly met by the sale of' Govern^ 

 ment Securities for Rs. 17,000. 



The income of the Society shows a falling off during the past year, 

 chiefly in the receipts from subscriptions, which amount to Rs. 7,200 



