6 Proceedings of the Asiatic Society. [Jan. 



year, in which period it exceeded the sum estimated for the entire year, 

 while the income, estimated for the entire year, was actually received 

 for 5 months only. The expenditure on the Library has also been 

 considerably in excess of the estimate. But omitting the single item 

 of the museum, the income has also exceeded the estimate by 1,530. 



Were the museum expenditure in excess of the receipts for the same 

 item omitted, the sale of the additional Us. 3,000 of securities would 

 not have been necessary, and there would have been a small surplus 

 of Us. 683. 



This account of the financial condition of the Society would, however, 

 be very imperfect, were the liabilities not also taken into consideration. 

 There are still very heavy (Rs. 7,500) but not greater than the 

 Society can meet without difficulty, if they can succeed in realizing 

 any considerable portion of the very large amount (Rs. 8,100) 

 due by members and subscribers to the Society. The Treasurer 

 has made repeated endeavours to obtain these arrears, and with 

 partial success, but some of the heaviest defaulters have, the Council 

 regret to say, shewn a lamentable disregard of the treasurer's applica- 

 tions, and the Council feel with regret that it may be necessary 

 shortly to adopt very stringent measures towards some of the heaviest 

 defaulters. The Council propose therefore to register the Society under 

 the provisions of Act XXI. of 1860, which will enable them to sue 

 those who are insensible to less coercive forms of application ; and at the 

 same time to enforce Rule 11, which provides that the defaulter's name 

 be removed from the Society, and full publicity given to his removal. 



The Council have further taken steps to re-organize the financial 

 system, to check expenditure to the utmost, and to place the entire 

 control thereof under the Financial Committee, and they feel confident 

 that, with economy and careful management, the Society's Finances 

 will be restored to their former prosperity long before the time when 

 the removal of the Society to the New Museum Building will put the 

 Society in possession of a largely increased income, by the leasing of 

 its present premises. 



The following is the schedule of Income and Expenditure for the 

 ensuing year. Each item has been carefully considered by the Finan- 

 cial Committee, and the amount of each item of Expenditure will not 

 be exceeded in any case without a special reference to the Committee. 



