PHILADELPHIA COLLEGE OF PHARMACY. 
155 
sinking fund for the extinguishment of the debt. The un- 
avoidable annual expenses of the College may be thus esti- 
mated. 
Ground rent to A. Miller, - - - $225 
Interest on $3000 loan at 6 per cent. - ISO 
Taxes, - 65 
Lighting and warming Hall, &c. - - 110 
Advertising Lectures, 20 
Serving notices, &c. 40 
Total $640 
The income of the College will probably not vary greatly 
from the subjoined estimate : 
Annual payments of 70 members, - - $350 
Rent of cellar, ------ 75 
Rent of 3d story, (vacant at present) - - 75 
" 4th " 75 
Temporary rental of rooms, 70 
Diplomas, 30 
Matriculating tickets, - - - 15 
Tax on Professors, 75 
Total $765 
In making these estimates nothing has been allowed fo r 
repairs, and it is probable that an amount equal to the rent 
of the third story room for two years, must be applied 
within that time to this purpose. As there can be little 
doubt of our being able to rent the room, the committee 
think that there is every reason to believe that the income 
will more than defray the expenses of the College. In es- 
timating the amount of annual payments at $350, the 
committee have supposed that those members who have 
relinquished stock to the amount of $100 and upwards, 
would be exempted from the annual payment. This ex- 
emption was stipulated for in several instances, and it 
seems but just to extend it to all alike. There is due on 
