319 
Finance. 
4. The Balance-sheet of the Treasurer is appended to this 
Report, showing the actual Receipts and Expenditure for the 
past year. 
5. The estimated assets of the Society for the year 1868 are 
as follows : — 
242 Members at £2. 2s. ... £508 4 0 
15 1st Class Associates at £2. 2s. 31 10 0 
25 2nd Class do. £1. Is. 26 5 0 
282 Annual Subscribers ... ... £565 19 0 
20 Vice-Patrons, Life Members, ^ 
and Life Associates (Dividends on > 10 0 0 
Life Subscriptions invested ; say) J 
302 Total £575 19 0 
6. This income (exclusive of the balance from 1867) will 
barely meet the necessary expenditure of the Institute, with- 
out trenching upon Life Subscriptions ; and, unless the annual 
contributions for the present year are more promptly paid 
than hitherto, it may, as a matter of prudence, be requisite 
to defer the publication of the Journals, so as to lessen the 
cost of printing in the year, which the Council will extremely 
regret. 
7. The expense of carrying on the business of the Institute 
is now greater than in the first eighteen months of its exist- 
ence ; the Council having thought it desirable, by the appoint- 
ment of a paid Secretary of experience, to make the operations 
of the Society more extensively known to the scientific world. 
That the pecuniary result of this appointment has not yet been 
as successful as was hoped, is, perhaps, partly attributable to the 
abnormal condition of affairs out of doors, affecting especially 
the incomes of the middle classes, and by which even old 
established societies have been materially affected. The cost 
of the Journal, including the reporting of the discussions, is a 
considerable, and our chief expense. There is now, also, as 
the Members and Associates are aware, the salary of the 
Secretary, Mr. Leifchild, and, till recently, that of the Clerk 
