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REPORT OF THE COUNCIL TO THE EIGHTY-EIGHTH ANNUAL GENERAL MEETING OF THE SOCIETY.
The following table shows the progress and present state of the Society:
Report of the Auditors.
We have examined the Treasurer's account of receipts and expenditure for the year 1907, and have found and certified the same to be correct. The cash in hand on December 31, 1907, including the balance at the bankers', etc., amounted to £427, 138. 3d.
The funded property of the Society is the same as at the end of the previous year, but we are glad to report an improvement in the financial position of the Society, as shown by the balance on December 31, which exceeds that of January 1, 1907, by more than £400.
We have examined the Stock Certificates and the Bank of England verification of the Inscribed Stock standing in the name of the Society.
The books, instruments, and other effects in the possession of the Society have been examined, and they appear to be in a satisfactory condition.
We have laid on the table a list of the names of those Fellows who are in arrear for sums due at the last Annual General Meeting of the Society, with the amount due against each Fellow's name.
Bequests to the General Funds of the Society.
The Carrington Bequest (1876): A sum of £2,000 Consols. Sold in 1899, and stands now in £1,881 148. London and North-Western Railway 3-per-cent. Debenture Stock.
The McClean Bequest (1905): A sum of £2,000. Invested in Swansea Corporation 3-per-cent. Stock.
The Farrar Bequest (1906): A sum of £100. Invested in Swansea Corporation 3-per-cent. Stock.
The cost of reporting Professor Hale's lecture at the special evening meeting on June 26, 1907, was defrayed by Mr. Franklin-Adams.
The Turnor Fund: A sum of £464 18s. East Indian Railway 3-per-cent. Debenture Stock; the interest to be used in the purchase of books for the Library.
The Horrox Memorial Fund: A sum of £103 68. East Indian Railway 3-per-cent. Debenture Stock; the interest to be used in the purchase of books for the Library.
The Lee and Janson Fund: A sum of £334 108. 9d. East Indian Railway 3-per-cent. Debenture Stock; the interest to be given by the Council to the widow or orphan of any deceased Fellow of the Society who may stand in need of it. The Hannah Jackson (née Gwilt) Fund: A sum of £309 188. 6d. East Indian Railway 3-per-cent. Debenture Stock; the interest to be given in medals or other awards, in accordance with the terms of the Trust.
Assets and Present Property of the Society, 1908 January 1.
Less Subscriptions paid in advance
Due for Photographs sold
£3,200 London and North-Western Railway 3-per-cent. Deben-
£4,000 Midland Railway 24-per-cent. Debenture Stock.
£500 Lancashire and Yorkshire Railway 3-per-cent. Consolidated Preference Stock.
£1,860 Gas Light and Coke Co. 3-per-cent. Debenture Stock. £1,650 Commercial Gas Co. 3-per-cent Debenture Stock.
£1,250 Metropolitan 3-per-cent. Stock.
£1,964 12 7 Swansea Corporation 3-per-cent. Stock (the McClean and Farrar Bequests).
Astronomical and other Manuscripts, Books, Prints, Photographs, and Instruments.
Stock of Publications of the Society.
Four Gold Medals.