4 Proceedings of the Asiatic Society. [J as. 



3-2. The Cash Assets and outstandings therefore exceeded the 

 liabilities by Rs. 1,957-5-0 only, even assuming, (what is certainly 

 not the case,) that the whole of the outstandings could be realized. 



Accordingly, active measures were taken to diminish the expenditure 

 of the Society. A Budget statement was prepared, based on the income 

 and expenditure of previous years, and it was decided that a certain 

 proportion of tjie sum alloted to each item should be set apart to 

 diminish the liabilities incurred for that item in previous years. The 

 Financial Committee were entrusted with entire control over the 

 expenditure, and strict injunctions were issued, that the expenditure 

 on each item should not exceed the Budget estimate, except on 

 urgent grounds and with the special sanction of the Council, on the 

 report of the Finance Committee. 



The result of these measures is shewn by the following compara- 

 tive statement of actual income and expenditure as compared with the 

 estimates. It will be seen that while the income of the year has ex- 

 ceeded the estimates by Rs. 2,358, the expenditure has been in excess 

 by Rs. 510 only, and that there is a net saving of Rs. 1848. 



A large portion of the expenditure has moreover been applied to 

 the reduction of debt, so that the Cash assets are now Rs. 5,526-4-5 

 and the outstandings Rs. 9,071-10-8 ; while the liabilities are Rs. 7,451 

 11-10 only. A portion of the Cash assets will be at once devoted to 

 a further reduction of the liabilities. 



Income. 

 Estimate. Actual. Deficit. Excess. 



Admission Fees, 1000 1504 „ 504 



Subscriptions, 8600 8372 228 



Journal, 900 2820 „ 1920 



Library, 200 437 „ 237 



Secretary's Office, ... 20 17 3 „ 



Coin Fund, 80 8 72 



10,800 13,158 303 2,661 



Deduct Deficit, 303 



Gross excess of income, 



2,358 



