148 



REPORT OF THE COUNCIL, 



parison with those of the preceding one, irrespective of the points 

 now adverted to, the Council find that the receipts have dimi- 

 nished to the extent of 548/. Os. 11c?., as will be seen by the 

 following' comparative statement : — 





1848-9. 



1849-50. 





£. 



s. 



d. 



£. 



s. 



d. 



Compositions for life from Fellows . . . 



294 











84 















10 







2963 



5 



6 



Admission fees from Fellows .... 



214 



4 







176 



8 







Transactions and Fruit Catalogue sold . . 



48 



17 



3 



31 



15 



9 





64 



15 







66 



6 



11 



Rent of apartments let off in Regent-street . 



150 











150 













24 



8 



5 



17 



15 



9 



Receipts from Members for garden charges. 



47 



4 



6 



42 



1 









4 



5 



7 



6 



6 



7 





3867 



14 







3937 



15 









302 



12 













Profit on purchase aud sale of Exchequer Bills 



9 



3 



4 









Dividends on 3 per cent. Consols 









26 



18 



8 





8050 



14 



1 



7502 



13 



2 



From this it appears that the diminution alluded to has been 

 caused, in a great measure, by the newly-elected members pre- 

 ferring to pay tiieir subscriptions annually rather than to com- 

 pound for them, the falling off in receipts under this head alone 

 amounting to 210/. The number of admission fees paid was also 

 six fewer than in the previous year. It will also be observed 

 that there are no receipts entered on account of the Garden 

 Exhibitions of the current year, and in this way is caused a 

 decrease of 302/. 12*. The reason of this omission is that the 

 Exhibition receipts were so small up to the 31st March last as 

 only to defray the preliminary expenses incurred. The accountant 

 has therefore not included the receipts and payments under this 

 head on either side, but has carried them forward to next year, 

 by which means the total amount of receipts and payments on 

 account of the Garden Exhibitions w ill be seen at once, without 

 having to refer to two years' statements. 



On the other hand the expenditure of the Society has been 

 reduced from 7691/. 13s. 4d. to 7392/. 14s. Ad., notwithstanding 

 the unavoidable extra outlays already referred to, which amounted 

 to 231/. 18s. Id. This results in part from the reduction of that 

 portion of the Society's debt which bears interest, and in part from 

 increased economy in the ordinary branches of expenditure : an 

 economy which it is the anxious desire of the Council to carry 

 to the utmost possible extent compatible with the essential 

 interests of the Society. 



