Report. 



Liabilities and Dependencies. 



The Journal has been paid for up to the end of the 

 2nd Quarter of 1847, and there remain due for the 

 3rd and 4th quarters, including the December No., 

 errors excepted, Rs. 2,000 



To meet this the Society has in reserve the whole of 

 the collections still to be made for the last quarter 

 of 1847, and the average amount of which will be, 

 errors excepted, 2,300 



Subscriptions to the Journal up to Dec. 1847 1,700 



Total, 4,000 



Excluding these two items the result of the year has been, that defray- 

 ing all expenses and incurring no fresh debts or liability, and strictly 

 applying all grants from Government to the precise purposes for which 

 these were conceded, there is a cash Balance in the Society's favour of 

 Rs. 504 12 3 on the total income and expenditure of the year — there is 

 also a surplus and certain dependency above liabilities, accruing from 

 Subscriptions and Journal, of at least 2000 Rs. fairly available for next 

 year, in addition to ordinary income and to the collections of arrears of 

 subscriptions, now Rs. 5000, not including the last quarter's subscrip- 

 tions, of which arrears one half may be fairly expected to be realized in 

 all 1848. 



Stringent resolutions having been passed at the October meeting for 

 the removal from the list of Members of all those who are in arrears 

 of more than 15 months' subscriptions, 3 months' notice having been 

 given, the Council advise that this resolution be carefully attended to 

 and enforced. They further recommend that the old practice of the 

 Society to absolve members of 20 years' standing from any further 

 payment, be recognised as a formal rule. 



Propositions having been received from two members of the Society 

 for the reduction of the rates of subscriptions, the Council have carefully 

 considered the proposal, and in consultation with their Accountant have 



