XVll 
£ 
1,514 
40 
974 
147 
351 
160 
456 
567- 
613 
250 
200 
202 
171 
222 
431 
Expenditure. 
Salary of Secretary and Official Staff 
Pension to Official pensioned in 1688 
Rent. Lighting, Cleaning, Wages, &c. (say) 
Completion of Council Room. 
Printing and Stationery 
Postage. Telegrams, Carriage, &c 
Miscellaneous 
Journal 
Chemical Department 
Botanical Department 
Zoolo^cal Department 
Veterinary Department i 
Examinations for National Diploma (R.A.S.E. Share) 
Four months' interest on Harewood House Debenture Stock (Fehruaryto 
April). 
Credit Balance. 
£ 
1,514 
40 
700 
350 
160 
300 
600 
600 
260 
200 
200 
200 
6,298 5,124 
2,000 Contribution from Gorernors’ and Members’ Subscriptions to the expenses 
of the Annual Show 2,500 
8,298 
7,624 
Estimated Receipts 8,300 
Estimated Expenditure 7,624 
Estimated Receipts over Expenditure 676 
Coming to the estimates of receipts and expenditure for the coming year, 
they estimated that from subscriptions they would receive 7,.S-50Z., from interest 
on Daily Balances 1501 ., from interest on Investments 6(X)Z., from sales of Text 
Book, Pamphlets, &c., 200/.; making their total estimated receipts 8,300Z. The 
total expenditure they estimated would be 7,624/. after allowing for a contri- 
bution to the Show Account of 2,500/. He might say with regard to the raising 
of that amount that the Special Committee which reported on the affairs of the 
Society some two years ago recommended that they should put 2,000/. from the 
Ordinary Account to the Show Fund. That was when the comribution to the 
Prize Fund was only 4,000/. It would be remembered that the Council had 
been asked — and had consented — to increase this contribution to 5,000/. for the 
present year, and they had thought it better to make themselves quite secure 
by increasing the contribution to the Show Fund bv an additional 500/. Their 
total estimated receipts were 8,300/^ and their estimated expenditure 7,624/., 
giving an estimated balance of 676/. over expenditure in 1908. To summarise 
their position ; They had in the year 1907 by the sale of their properties, dis- 
charged all their liabilities, and they had added to the Reserve Fund 14,184/. 
The* Society was also relieved of the very great cost of maintaining those' 
properties with which they had parted, and he might say that on rent alone 
for the current year, as compared with the year 1906, there would be a saving 
of no less a sum than 1,087/. He thought that their expenditure for 1908 might 
be considered normal, and if their income remained the same as at present, 
they would be able to show a fair balance in future on the Ordinary Account. 
The reserve, which he was glad to say now stood at 21,795/., had been largely 
built up out of the profit derived from the sale of their different properties. 
In future they could only look to the profits of the Show Account and any 
balance they might have on the Ordinary Account for additions to that fund. 
He thought it would be generally agreed that it was very desirable that they 
should have a large Reserve Fund to provide against possible losses on future 
Shows, to meet any liabilities on account of the very large amount of life com- 
positions, and to enable the Society in future to go into purely agricultural 
parts of Englaml, which were of necessity less populous, and therefore probably 
less profitable from the point of view of “gate.” He was sure that if they 
pursued the policy of economy they would be able to keep up the Society in a 
thoroughly eflScient manner, and put it in the near future into an impregnable 
position of independence, thereby relieving themselves for ever from those 
financial cares which had been their chief trouble in the past. 
February 26, 1908. 
