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Royal Geographical Society.

1880.

REPORT OF THE COUNCIL.

READ AT THE ANNIVERSARY MEETING OF THE 31ST MAY. THE COUNCIL have the pleasure of laying before the Fellows the following Report on the financial and general condition of the Society

Members.-The number of Fellows elected during the past year (ending April 30th, 1880) was 207, besides two Honorary Corresponding Members. In the previous year, 1878-9, the total elections of Fellows numbered 170; in 1877-8 the number was 187. The losses in the past year have been, by death 67, by resignation 48, and by default of subscription 36, making the net increase for the year, 58. In the year 1878-9 the net increase was 2; in 1877-8, 49; in 1876-7, 138; in 1875-6, 149. The Society has lost by death one Honorary Corresponding Member.

Finance.-As will be seen by the annexed Balance Sheet, the total net income for the Financial year ending 31st December, 1879 (exclusive of balance in hand), was 89797. 14s. 10d., of which 61827. consisted of entrance fees and subscriptions of Fellows. In the previous year, 1878, the total net income was 81247. 108., and the amount of subscriptions, &c., 60171.; in 1877, 79507. 18. 11d. and 60997.; in 1876, 86117. 11s. 8d. and 71097. 118. The amount of total net income just stated for the past year included a legacy of 5007. from the late Sir W. C. Trevelyan. A legacy of 5407. formed also part of the stated income for 1878.

The net expenditure for the past year (exclusive of invest

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ments and balance in hand) was 69907. 14s. 2d. The net expenditure in 1878 was 63617. 9s. 6d. ; in 1877, 59407. 178. 11d.; in 1876, 68707. 13s. 1d., and in 1875, 5683l. 4s. 10d. The sum of 15517. 10s. 10d. was invested 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 14th and 16th of April last, the Auditors being, on behalf of the Council, Sir Henry Barkly and Sir Rawson W. Rawson; 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, 1879, 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, 'Proceedings' "Advertisement Books, and other books of account kept by "the Society, and have verified the Balance in the Bankers' Pass "Book and in the hands of the Accountant, 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 Deputy Accountant of the Bank of England, and from Messrs. "Cocks, Biddulph, and Co., Bankers, showing that the following "investments were standing to the credit of the Society on the "31st December, 1879:

"India 5 per Cent. Stock

"India 4 per Cent. Debenture Stock..

"Great Western Railway 4 per Cent. Debenture

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"North-Eastern Railway 4 per Cent. Debenture

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"Great Indian Peninsula Railway Guaranteed "5 per Cent. Capital Stock

"March Exchequer Bills

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"Caledonian Railway 4 per Cent. Preference "Stock, No. 1

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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 14757., and "the Auditors include this item in the assets of the Society as "worth 7377. 10s.

"The Investments and Assets of the Society on the 31st "December, 1879, exclusive of the Map Collection and Library, "amounted to 39,2357. 11s. 3d.

"The Auditors have pleasure in certifying that the accounts, "books, and vouchers were in a highly satisfactory condition.

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