VI 
Expenditure. 
*>  £ 
1,538  Salary  of  Secretary  and  Official  Staff  . 1 586 
215  Pensions  to  Officials ’ ’140 
711  Rent,  Lighting,  Cleaning,  Wages,  &c.  (say)  700 
421  Printing  and  Stationery 400 
198  Postage  and  Telegrams ’ ’ 200 
473  Miscellaneous ' 500 
700  Journal . . 730 
615  Chemical  Department 600 
250  Botanical  Department ’ 250 
200  Zoological  Department ! . . 200 
202  Veterinary  Department ’ 400 
174  Examinations  for  National  Diplomas  (R»A.S.E.  Share)  . 200 
5.697  6,906 
Exceptional  Expenditure. 
Calf  Experiments 300 
Cost  of  redecorating  Council  Chamber  ...  65 
Special  Grant  to  Botanical  Committee  (Biological  Investigations,  Woburn)  50 
Expenses  of  preparing  Catalogue  for  Library  and  binding  Books  ...  50 
Reprint  and  Revising  of  Text  Book 40C 
2,500  Contribution  from  Governors’  and  Members’  Subscriptions  to  the 
expenses  of  the  Annual  Show 2,500 
508  Trials  of  Agricultural  Tractors. 
29  Exhibits  at  Brussels  and  Buenos  Aires  Exhibitions. 
21  Donation  to  Royal  Agricultural  Benevolent  Institution. 
40  Hills’  Bequest : Excess  Expenditure  for  1909. 
77  Apparatus.  Ac.,  Botanical  and  Zoological  Departments. 
8,872  Total  Estimated  Expenditure  . ...  . 9,271 
Estimated  Receipts 9,650 
Estimated  Expenditure 9,271 
463  Estimated  Receipts  over  Expenditure 379 
Turning’  to  the  estimate  of  receipts  and  expenditure  for  the  present  year,  it 
was  estimated  that  the  receipts  from  Subscriptions  would  amount  to  7,9001., 
the  Interest  on  Daily  Balances,  1001.,  the  Interest  on  Investments  1,4001.,  and 
from  the  Sales  of  Text  Book,  Pamphlets,  &c.,  2501.,  bringing’  their  total  esti- 
mated income  up  to  9,0501.  They  estimated  the  expenditure  would  be  : — For 
salaries  of  Secretary  and  Official  Staff,  1,5861. ; Pensions  to  Officials,  1401. ; Rent, 
Lighting,  Cleaning,  Wages,  &c.,  7001. ; Printing  and  Stationery,  4001. ; Postage 
and  Telegrams,  2001.  ; Miscellaneous,  5001. ; Journal,  7301. ; Chemical  Depart- 
ment, 6001.  ; Botanical  Department,  2501. ; Zoological  Department,  2001. ; Veteri- 
nary Department,  4001. ; National  Diploma  Examinations,  2001. ; giving  a total 
estimated  ordinary  expenditure  of  5,9061.  Under  the  head  of  exceptional 
expenditure  they  had  the  Tuberculosis  Experiment,  which  they  estimated 
would  cost  3001.  this  year  ; the  cost  of  redecorating  the  Council  Room,  which 
work  had  already  been  done,  651. ; Special  Grant  to  Botanical  Committee,  50 1. ; 
expenses  of  preparing  Catalogue  for  Library  and  binding  books,  501. ; reprint 
of  Text  Book,  4001. ; contribution  to  Show  Fund,  2,5001. ; giving  a total  ordi- 
nary and  extraordinary  expenditure  of  9,2711.,  showing  an  estimated  balance 
of  receipts  over  expenditure  for  the  year  of  3791. 
He  was  sure  it  would  be  a satisfaction,  not  only  to  the  Council,  but  to  the 
whole  Society,  to  feel  that  this  year,  when  the  Society  was  so  specially 
honoured  by  having  His  Majesty  the  King  as  its  President,  it  was  in  a stable 
position . He  hoped  they  would  not  stop  there,  but  regard  the  Reserve  Fund 
of  50,2001.  as  a half-way  house,  and  would  make  it  their  goal  to  get  a Reserve 
Fund  of  no  less  than  100,0001.  He  thought  that  if  they  considered  the  enor- 
mous responsibilities  of  the  Society  to  the  agricultural  industry  of  this  country, 
not  only  in  maintaining  the  high  standard  of  their  live  stock,  but  in  protecting 
that  stock  against  disease,  in  encouraging  the  application  of  science  to  the 
uses  of  agriculture,  in  stimulating  as  far  as  they  could  the  invention  of  time 
and  labour  saving  machinery,  they  would  realise  that,  if  they  were  to  fulfil 
those  responsibilities  and  use  to  the  utmost  the  power  they  undoubtedly 
possessed,  it  would  be  necessary  for  them  to  have  a large  Reserve  Fund,  and  he 
did  not  think  the  figure  he  had  mentioned  would  be  any  too  great  for  that 
purpose. 
