80 
JOURNAL OF HORTICULTURE AND COTTAGE GARDENER. 
January 24,18f5. 
mateth the heart sick,” then there must necessarily be a number of 
heart-sick ones who will be compelled to wait on before that aid which 
they so much need can be afforded. The Committee therefore very 
earnestly appeal for more support and increased effort on the part of 
their friends, and they would specially plead with those for whose 
benefit the Institution was founded to do all they can, not only to help 
the Institution themselves, but to urge its claims upon all those with 
whom they come into contact, and who are interested in horticultural 
pursuits. 
The Committee believe that the Institution and its aims are becoming 
more widely known and better appreciated, and they have noted with 
much satisfaction that a keener interest appears to be taken in its work 
than heretofore, as indicated by the recent correspondence in the 
columns of the horticultural Press. They take this opportunity of 
thanking their well-wishers, and trust that all who have the well¬ 
being of the Institution at heart will redouble their exertions on its 
behalf. 
With the full sanction of the Committee, and in order to increase 
the resources of the Institution, the Trustees decided to sell out the sum 
of £20,000, forming part of the invested funds of the Institution, and 
re-invest it in guaranteed securities bearing a higher rate of interest. 
They have, therefore, taken up the above amount in London and 
North-Western Railway Three per Cent. Debentures, Midland Railway 
Three per Cent. Debentures, Great Indian Peninsula Five per Cent. 
Guaranteed Stock, and Manchester Corporation Three per Cent. Stock. 
This will give an increased income from dividends of about £50 a 
year. 
At the last annual meeting the Committee had the satisfaction of 
announcement that an auxiliary had been formed at Bristol for Bristol, 
Bath, and neighbourhood, with the view of making the objects and 
claimsof the Institution better known. They now have much pleasure 
in stating that similar auxiliaries have been started at Birmingham, 
under the presidency of the Right Hon, the Bari of Dudley ; and at 
Wolverhampton, under that of C. T. Mander, Esq. (Mayor). At both 
towns successful inaugural meetings have been held, which were 
addressed by the Treasurer of the Institution and the Secretary. Very 
heartily do the Committee thank those gentlemen to whose efforts the 
formation of these branches are due, and they cordially invite communi¬ 
cations from friends in other parts of the country who are willing to 
help in establishing these local adjuncts to the Institution, which they 
believe will tend to promote its interests. 
Like other charities, the Committee feel the effects of the commercial 
depression under which the country is passing, and the consequent ces¬ 
sation of many annual subscriptions which had been regularly remitted 
for many years. Then again, they have to deplore the loss of several 
warm friends and supporters by death, foremost among whom may be 
mentioned the late Earl Grey, who had been for a long period a con¬ 
tributor to the funds of the Institution. It is difficult to fill the places 
of these friends, but it is matter of much congratulation that a number 
of new annual subscribers have been obtained during the past year, 
which will in some degree compensate for the financial loss sustained. 
The Committee have also to express their deep regret that, in 
consequence of advancing years, their revered and esteemed Chairman 
of Committee has been compelled to resign that important office. Mr. 
John Lee has fittingly been described as the father of the Institution, 
For upwards of fifty years he has taken the warmest interest in its 
welfare. He has been indefatigable in his exertions on its behalf, and 
he has had the satisfaction of witnessing its progress and prosperity 
year by year. 
At a General Committee held December 21st last, the following 
resolution was unanimously adopted : “ That the Committee sincerely 
regret the necessity for Mr. Lee’s resignation, and they desire unani¬ 
mously to place on record their grateful acknowledgement of the very 
great services rendered by him to the Inscitution during more than fifty 
years, but more especially during the long time he has acted as Chairman 
of the Committee, and they express the sincere hope that Mr. Lee may 
yet be spared many years to continue a member of the Committee and 
to give them the benefit of his mature judgment.” 
It was naturally a task of much difficulty to obtain a successor to Mr. 
Lee. The Committee, however, after much consideration decided to 
approach Sir Alexander Arbuthnot with a request that he would join 
their body and accept the position vacated by Mr. Lee. They now have 
the pleasure to announce that Sir Alexander Arbuthnot has very kindly 
consented to join the Committee and occupy the post of Chairman. 
The Committee would add that the Gardeners’ Royal Benevolent 
Institution is the only charity of its kind in the United Kingdom, and 
that, though its centre is in London, the benefits it dispenses are not 
limited merely to the area of the metropolis, but are extended to and 
embrace all parts—England, Scotland, Ireland, and Wales. They do 
not, therefore, put forward the claims of a charity the usefulness and 
importance of which have decreased, but for an institution which, after 
a period of fifty-six years’ existence, is more than ever regarded as an 
inestimable boon by those assisted from its funds upon whom old age, 
sorrow, and misfortune have fallen. 
The balance-sheet showed that the income during the year was, with 
the sum of £936 IGs. 4d. balance from 1893, £4399 4s. lid., the, sub¬ 
scriptions amounting to £1302 19s. 4d., donations and proceeds of 
collecting cards to £1321 18s. 7d , and the dividends on investments and 
interest on deposits to £7921 Is. 2d. The payments included £2710 23, 5d., 
distributed in pensions and gratuities ; £686 2s. 8d. for general expenses; 
and £100 placed on deposit. 
BALANCE SHEET, 1894. 
Dr. £ e. d. £ s. d. £ s. d. 
To Ba'auce .. .. ., ,, .. 936 16 4 
„ Annual Subscriptions . 1302 19 4 
„ Donations. 753 2 9 
„ Ditto. 379 19 5 
„ Income Tax Refunded by Ocmmissioners .. 2 14 5 
„ Collecting Cards .. .. 186 2 0 
- 1321 18 7 
„ Advertisements in Annual List. 44 19 6 
„ Dividends on Investments and Interest on 
Deposits. 792 11 2 
- 837 10 8 
- 3462 8 7 
Invested Funds*— 
2| per Cent. Consols . 5000 0 0 
India 3 per Cent. Stock. 2664 19 10 
Midland Railway 3 per Cent. Debenture Stock 
(Silver Wedding Thanks Offering Special 
Fund) .. .. .. .. .. ,. 479 10 0 
Great Indian Peninsula Railway, 5 per Cent. 
(cost £5062 19s. 9d.) guaranteed .. .. 3000 0 0 
London and North-Western Rai,way 3 per 
Cent. Debenture Stock (cost £5363 8s. 6d.) 5000 0 0 
Midland Railway 3 per Cent. Debenture Stock 
(cost £5365 4s. 9d.). 5000 0 0 
Manchester Corporation 3 per Cent. Stock 
(cost £4133 6s.) . 4054 12 9 
On deposit, £1400 
£4399 
4 
11 
* In the names of the Trustees. 
Or. 
£ s. 
d. 
£ 
s. 
d. 
£ 
s. 
d. 
By Pensions and Gratnities. 
2710 
2 
5 
„ Secretary’s Salary and Honorarium for Extra 
Services . 
220 
0 
0 
„ Rent of Offices . 
62 
10 
0 
„ Office Assistance. 
20 
0 
0 
„ Expenses of Annual Meeting and Election 
15 
19 
0 
„ Collecting Boxes. 
27 
18 
0 
„ Printing, including Annual Report and List 
of Subscribers. 
129 
0 
4 
„ Stationery, &c. . 
21 
0 
0 
„ Expenses of Annual Dinner . 
166 1 
4 
Less Tickets Sold . 
73 lU 
0 
92 
11 
■4 
„ Cost of Appeals .. .. . 
19 
10 
4 
„ Expenses of Transfer of Stock. 
3 
7 
6 
„ Postages, Deputation, Travelling, and Inci- 
dental Expenses.. .. .. 
74 
6 
2 
683 
2 
8 
£3396 
5 
1 
Placed on Deposit with Bankers. 
100 
0 
0 
Balance, viz.:— 
With Treasurer at Bankers. 
902 
10 
10 
„ Secretary . 
0 
0 
0 
902 
19 
10 
£4399 4 11 
We have audited the accounts for the past year, and are pleased to report tha,t 
we found the books in perfect order, and weU kept. 
(THOMAS MANNING. 
(Signed) 4J. WILLARD. 
(.T. SWIFT. 
The Chairman, who ia also Treasurer of the Institution, briefly 
referred to the reinvestment of the funds, which would now bring in au 
increased dividend of £50, and stated the stock purchased by the 
Committee had risen considerably in value since the reinvestment. Mr. 
Veitch also referred to Mr. Lee’s enforced absence through illness, and 
drew attention to the illuminated and handsomely framed address which 
the Institution intended to present to Mr. Lee as a small token of 
affection and respect for one who had for fifty years been Chairman of 
its Committee. 
Dr. Masters moved that the report of the Committee and the balance 
sheet be adopted, and that the meeting give its best thanks to the 
Committee for their able management of the affairs of the Institution. 
Mr, Richard Dean having seconded the motion, the resolution was 
passed without dissent. 
On the motion of Mr. B. Wynne, seconded by Mr. G. Wythes, 
Mr. H. J. Veitch was unanimously re-elected Treasurer, and the thanks 
of the meeting was tendered co him for the able manner in which he 
assisted the management and for the trouble he had taken to advance 
the interests of the Institution. It was then proposed by Mr. B. Wynne, 
“ That Messrs. Cutbush, Williams, Watkins, and Sexby, who retire by 
rotation, be re-elected members of Committee for the next four years; 
and that Sir Alexander Arbuthnot and Mr. George Norman be elected 
members of Committee in the places of Messrs. Arnold Moss and George 
Woodgate.” This was seconded by Mr. Osborn and passed. 
Mr. H. J. Veitch then moved, and Mr. Munro seconded, “That 
Messrs. James S, Buck, W. Crane, R. Gold, H. Higgins, and R. A. Jack 
be reappointed Arbitrators for the ensuing year.” 
The proposal, “ That Mr. George J. Ingram be re-elected Secretary,” 
was carried unanimously, and Mr. Ingram thanked the meeting for his 
re-election, 
Mr. Munro’s proposal, “That, in accordance with Rale III., 5, and 
upon the recommendation of the Committee, who have investigated each 
case, the following eight candidates—viz., R. Vertegans of Birmingham, 
aged sixty-eight, nurseryman, annual subscriber of £1 Is. for twenty- 
five years, and a contributor of £7 7s.; J. Lemmon of Chichester, aged 
sixty-seven, gardener, annual subscriber of £1 Is. for eighteen years, and 
a contributor of £21; C. H. Fearenside of Boultham, aged sixty-eight, 
gardener, annual subscriber of £1 Is, for twenty-five years; Charles 
