KEW CHARTER ASV AGREEMENTS. 



(the remainder of the £50,000 having been already raised hy donations and ^Jjt^ftif " 

 fees on the admission of Life Members), and divers stipulations or aOTeements commia- 



^ _ ^ aioners (co'/i- 



are made thereby or contained therein for the application and disposition of 'i«»<«- 

 the income of the said Society, it being part of such arrangements that the 

 " receipts from the gardens," consisting of and including the moneys and 

 income therein mentioned in that behalf, should be applied or disposed of in 

 the following manner, viz., out of the gross amount of the " receipts from the 

 gardens," such a sum as shall from time to time be allowed by the Committee 

 hereinafter mentioned, in respect of the expenses therein mentioned of the 

 said Society, and of carrying on the operations and concerns thereof, is in the 

 first place to be retained by the said Society ; secondly, there is to be then 

 retained by the said Society, out of such receipts, the amount which may be, 

 from time to time, payable by the said Society in respect of interest, not 

 exceeding £5 per cent, on the sum of £40,000, to be borrowed on debentures 

 as aforesaid, or on so much of the said sum of £40,000 as may remain impaid 

 or undischarged ; and, thirdly, there is then to be paid by the said Society to 

 the Commissioners, as rent, the yearly sum of £2145, if the receipts shall be 

 adequate for such pa3'ment, after retaining to the said Society the sums 

 authorised to be retained by them, as therein mentioned, for the expenses and 

 for the interest respectively aforesaid ; but otherwise, such a sum only as shall 

 be equal from year to year to the residue of the receipts over and above the 

 sums so in precedence ; and if there shall remain any surplus over and above 

 the several payments hereinbefore mentioned, out of the " receipts ft'om the 

 gardens," there is to be paid to the Commissioners for their own use and as 

 additional yearly rent, a sum equal to half such sm'plus ; and, ftu-ther, that by 

 the said Articles of Agreement, it is provided or stipulated that for the 

 purpose of regulating the amoimt to be retained by the said Society in each 

 year for expenses, a Committee shall be appointed annually, which Committee 

 is to consist of six persons, three of whom are to be appointed by the Gomrais- 

 sioners and three by the said Society, and any three of such Committee are 

 to form a quorum, so as one, at least, shall be a person appointed by the 

 Commissioners, and one shall be a person appointed by the said Society ; and 

 as vacancies occur in each year, by death, incapacity, or resignation, such 

 vacancies are to be tilled up respectively by the Commissioners or the said 

 Society, according as the original appointments were made by them respec- 

 tively ; and farther, that the Committee is from time to time to select one of 

 those Committee-men who have been appointed by the Commissioners as 

 Chairman of such Committee, and he is to have an equal vote with the other 

 Committee-men for the time being acting, and in case of equality a casting 

 vote in addition ; and the Committee is to have power to make bye-laws for 

 their owa government in the execution of the duties confided to them ; and 

 that it is also thereby pronded or stipulated that the said Society shall devote 

 and apply towards the liquidation of the debt of £40,000, to be raised by 

 debentm-es as aforesaid, tlu-ee-fifths of the money actually received by them 



