THE COUNCIL, 
13 
is applicable to the liquidation of the debt. T he sum iii 
which, after this reduction, the Soeiety will continue to be 
indebted to the Bank, is 1306/.; and the Council submit 
to the Meeting the following plan for paying off that account. 
They propose to borrow 1300/., at an interest of 4 per 
cent, from such members of the Society as may be willing 
to lend. The interest upon each loan of 50/. would be 
exactly the sum of a member’s annual subscription. By 
remitting the subscription, therefore, the interest would be 
paid. In this method of raising the money, there would 
be a convenience both to the lender and the borrower; since 
to the former the trouble of an annual account would be saved, 
whilst the latter would not incur the risk of being called 
upon to discharge the whole debt at once : and in case of any 
member’s withdrawing his share of the loan, another might 
be found to supply his place. 
In order to shew that the Society possesses the means of 
acquitting itself by degrees of the principal of the debt, it 
is necessary to state, in the first place^ that the present 
regular income is 509/. a year; and, secondly, to add an 
account of the annual demands upon that income, and to 
exhibit the scale by which it is thought that the expenditure 
may be regulated in future. 
The constant and fixed charge upon the Society, arising 
from parochial rates, rent, wages, and salaries as now pro¬ 
posed to be settled, amounts to 207/. The charges which 
may be computed as unavoidable, or only to be retrenched 
