237 



ably decreasing in number, or cease altogether : and until the amount 

 of the present annual subscription of £4 is come into full operation, 

 a temporary inconvenience will be experienced from this circum- 

 stance, as well as from the falling off in the Compositions a . 



Besides these sources of Income, there are other sums invested in 

 the Funds ; namely, 



£. s. d. 



The Fairchild Fund, 100 New South Sea Stock. 

 The RumfordFund, 2161 10 Three per Cent. Consols. 

 The Donation Fund, 3820 19 3 Three per Cent. Consols. 



of which the dividends are not applicable to the general expenses 

 of the Society, but must be disposed of according to the intention of 

 the respective donors. 



The clear annual Income, therefore, which may for some time be 

 expected, — without taking into consideration whatever may be re- 

 ceived on account of the Admission Fees or Compositions of new 

 Members, — may be considered as only £1400 : and the probable 

 annual amount of Ordinary Expenses as £2000 b . 



* Compositions and Purchases of Stock (Minutes of Council, Dec. 5, 1833). 

 Compositions. — During the last twenty years, from November 30, 1813, to No- 

 vember 30, 1833, 463 Members have compounded for their Annual Contributions : — 



£. s. d. 



257 at the original sum of =£27 6s., making an amount of... 7016 2 * 



206 at the present sum of =€40, making an amount of. 8240 



so that, during this period, =£15,256 * have been received on account of Compositions 

 for life. Of this sum, only =£3915 have, during the same period, been invested in 

 tbe purchase of Stock. 



There are at present 595 Members who have compounded for xlnnual Payments ; 

 of whom 403 compounded at the rate of =£27 6s., and 192 at that of =£40. 



Purchases of Stock (not including those on account of the Rumford or Donation 

 Fund). — In 1813, the Funded Property of the Society, strictly so considered, was 

 =£11,361 13s. 4d. Stock, in the Three per Cent. Reduced Annuities. Since that 

 date, (viz. during the last twenty years,) the following purchases have been made 

 of the same kind of Stock: — 



£. s. d. £. s. d. 



In 1820 ... 2882 17 8 Stock, purchased for 2000 

 1821 ... 755 9 570 7 4 



1829 ... =£1000 for =£870 19s. Id,] 



of which one half was, a few months after, \ in jj * 

 sold again at =£459 7s. 6 d., leaving only, [ 

 500 Stock, purchased for J 



1830 ... 1000 : 933 15 



Total £5138 6 8 - £3915 14 



£. s. d. 



Stock, Nov. 30, 1813 11,361 13 4 



Do. purchased £. s. d. 

 in 20 years... 5138 6 8 



Deduct sale 2500 



2638 6 8 



Stock, Nov. 30, 1833 ... £14,000 



b The average amount of annual expenses for the last twenty years is =£2330, 

 * Corrected. 



