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Royal Geographical Society,

1879.

REPORT OF THE COUNCIL,

READ AT THE ANNIVERSARY MEETING ON THE 26TH MAY.

THE COUNCIL have the pleasure of laying before the Fellows the customary Annual Report on the financial and general condition of the Society:

Members. The number of Fellows elected during the past year (ending April 30th, 1879) was 170, besides two Honorary Corresponding Members. In the previous year, 1877-8, the total elections of Fellows numbered 187. In 1876-7 the number was 292, and in 1875-6, 266. The losses in the past year have been, by death 80, by resignation 54, and by default of subscription 34, making the net increase for the year, two. In the year 1877-8 the net increase was 49; in 1876-7, 138; in 1875-6, 149; and in 1874-5, 202. The Society has also lost by death three Honorary Corresponding Members.

Finance. As will be seen by the annexed Balance Sheet, the total net income for the financial year ending 31st December, 1878 (exclusive of balance in hand), was 81247. 10s., of which 60177. consisted of entrance fees and subscriptions of Fellows. In the previous year, 1877, the total net income was 7950l. 1s. 11d., and the amount of subscriptions, &c., 60997.; in 1876, 86117. 11s. 8d. and 71097. 11s. The amount of total net income just stated for the past year included a legacy of 5407. from the late Admiral Sir George Back. A legacy of 5007. formed also part of the stated income for 1877.

The net expenditure for the past year (exclusive of investments and balance in hand) was 63617. 9s. 6d. ; which includes

a grant of 5007. to the African Exploration Fund. The net expenditure in 1877 was 59407. 17s. 11d.; in 1876, 68707. 13s. 1d., and in 1875, 56837. 4s. 10d. The sum of 30007. was invested in Consols during the year.

The Finance Committee of the Council have held, as usual, Monthly Meetings during the year, supervising the accounts of the Society. The Annual Audit was held on the 16th of April last, the Auditors being, on behalf of the Council, Sir Rawson W. Rawson and Sir Henry Barkly; and on behalf of the Fellows at large, Sir Charles Nicholson, Bart., and S. P. Low, Esq. The cordial thanks of the Council and Fellows are due to these gentlemen for having freely devoted their valuable time to this important task. At the end of their labours the Auditors drew up the following Report to the Council:

"The Auditors appointed for the examination of the Accounts "of the Royal Geographical Society for the year ending 31st "December, 1878, beg to report that they have examined the "Balance Sheet submitted to them, and compared it with the "Cash Book, Bankers' Book, Petty Cash Book, and other books "of account kept by the Society, and have verified the Balance "in the Bankers' Pass Book, checked the entries in the Cash "Book, and examined all the vouchers for payments made, and "that they have found the same to be correctly stated, and sufficiently vouched.

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They have also had produced to them a letter from the Chief Accountant of the Bank of England, and from Messrs. "Cocks, Biddulph, and Co., Bankers, showing that the follow"ing investments were standing to the credit of the Society on "the 31st December, 1878:

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"The Subscription Register, showing the sums payable by "the Fellows of the Society, has been duly kept up, and the arrears outstanding at the close of the year were 15177. Of "this amount the sum of 1927. is irrecoverable, and the Auditors "include the balance of 13257. in the assets of the Society as "worth 6127. 10s.

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"The Investments and Assets of the Society on the 31st December, 1878, exclusive of the Map Collection and Library, "amounted to 37,1017. 16s. 9d.

"The Auditors have much pleasure in certifying that the "accounts, books, and vouchers have been so kept as to render "their duties much lighter than usual, and they feel bound to "record their appreciation of the great assistance they received "from the Chief Accountant.

"RAWSON W. RAWSON,
" HENRY BARKLY,
"CHARLES NICHOLSON,
"S. P. Low,

Auditors.

"21st April, 1879."

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