Yll 
STATEMENT made to the Council by the Chairman 
of the Finance Committee, on presenting the 
Accounts for the year 1913. 
Mr. Adeane, in presenting, on behalf of the Finance Committee, the 
accounts of the Society for the year 1913, said that the income for that 
year was 10,443?., and that he would like to draw the attention of the 
Council to the fact that the subscriptions from Governors and Members 
amounting to 8,372 ?. was a record for the Society. Their income for the year 
was somewhat swollen by the sum of 235 ?., which, it would be noticed, the 
Society had received in connection with the sale of the carcasses of the animals 
in the Tuberculosis experiment. The Council would be pleased to hear that, 
although they allotted 800?. as the limit of expenditure for these experiments, 
the net cost of them was only 605?. He would like to make acknowledgment 
of the great generosity of Lord Rothschild in supplying them with calves for 
the experiment, and thus saving the Society a great deal of expense. The 
expenditure for the year had been 9,891?., and as extra items there were the 
two following large sums — repainting the house, 272?., and the trials of 
milking machines, 343?. The credit balance for the year was 552?. With 
regard to the balance-sheet, he thought it was most satisfactory, and that he 
need only remark that the Reserve Fund, which stood at 43,428?. at the end 
of 1912, was, on December 31, 1913, 52,228 ?. It would be noticed that the 
value of Consols on December 31 had been 71-f, while at present he was glad 
to say they stood at 76f. The Metropolitan Three per Cent. Consolidated 
Stock which they had bought at 87f now stood at 90, and the Canadian Four 
per Cent. Stock which they purchased at 96^ stood at 103J, so that their 
financial position was not so bad as it appeared. He then presented the 
forecast of receipts and expenditure for the year 1914, as follows : — 
Forecast of Ordinary Receipts and Expenditure for 1914. 
(Other than in respect of the Show.) 
Prepared by direction of the Finance Committee on the basis of the recommenda- 
tions of September 21, 1905, made by the Special Committee. 
Actual 
Figures 
for 1913. Receipts. 
2 ) ^ 
8,373 From Subscriptions for 1914 of Governors and Members 8,350 
249 From Interest on Daily Balances .... 150 
1,292 From Interest on Investments 1,550 
293 From Sales of Text Book, Pamphlets, &c. (This does not include the sales 
of Journals which are deducted from the cost of production) . . . 270 
236 Sale of Carcasses (Tuberculosis Experiment) . ' — 
\ 
10.443 
10,320 
