The Express.
London, England, 1862-10-13 00:00:00

9oToBER,, ts, igek.

FINArtO/AL gtialtiiitY OF TIM XXlll-
:urrroN.

-4-

The reosipts and- payments in 1862 cannot, of
oourse, be given with this name exactness u those
of 1861, but- we may make out a balanse-sheek
which will probably not he far wrong on either
aide : •
186 t
APIWATIS SUMMIT OF RECEIPTS AND
ATTIRE AT THE INTERNATIONAL =-
lummox 1801. FROM MAY ITO OCTOBER 11,
mamaslL

ours
Boma* at doors, calculated 2293,070 0
Season tickets, intimated 79,000 0
Refieibinent ' known ' i 5,500 0
liefiveliminaa , isicalsand ~ 21,1138 0
Ailvertissannita isai=46., fritimbul 15,000 0
Catakgue (sale en
Waiting &d., litiniated
Potation= ea flalaradli. #o 2,350 0
v f't '1 IT '.. ti .' .11,
_ ._ •

•
4t8,799 0 0
.1 re., rismirk.
3ltessi.l4ll‘ esti diems, fist PsTruant on
sisswet of Nap ‘,... i £900,000 0 0
mas. X Kea and sense, estimated payment
far building melte
Itemert sod Leese, ea semsat et extra
zoo,ticoteldiefrdrambert receipts between
&dimmed
sivesiss, bawling
mu. 38,799 0 0
lorm • 180,000 0 0
TaNI 2488,799 0 0
This leaves a deficiency of 50,0001.
The average didy admission receipts in 1862
have been about 0391 ; h 1861 they were
about 3,0071. The expenses, however, in 1862 will
be much heavier, and the estimated deficiency of
60,0001. is caused by the large capital sunk in the
unsightly building. The origiaal design for this
mammoth stable was to have cost 690,0001 ; but
this was modified, and the present building was
run up by Messrs. Kelk and Lucas upon condition
that they were to receive 200,0001. as rent, and all
the receipts taken between 400,0001. and 600,0001.,
until they were paid another 100,000/ as rent, iu
which case they bound themselves to give up the
picture galleries. Their payment for building
extras—an elastic item—was left out of this calcu-
lation, and they bound themselves to sell the entire
structure for 430,0001., deducting the 300,0001. rent
at a payment on amount.
In the present state of the South Kensington
finances, as shown by our figures, it is hardly
necessary to point out that the contract with
Messrs. Kelk and Lucas was unwise, and that the
expenditure on the building (to say nothing of the
costly domes) has been excessive. The approach.
ing closing of the accounts can hardly be welcomed
bx the oommiasioners. If they save the guarantors it
will only be by humbling themselves to the con-
tractors. We believe that we are tolerably correct
when we say that all the profits of the Exhibition
are now eut off from the guarantors, and have been
since about the 20th of September. There is little
prospect of the commissioners' receipts advancing
beyond/the 400,0001. which they had reached by
that difte, and this will leave an estimated deficieney
of 50,000/, even at the close of the Exhibition, as
the following balance-sheet will show :

Int
ESTIMATED STATEMENT OF RECEIPTS AND EX-
PENSES, CALCULATED TO THE CLOSE OF THE
EXHIBITION.

Amount given in detail above, up to 11th
Oct. inclusive
Estimated receipts from all sources, from
13th to 31st October inclusive-17 Exhi-
bition days
Estimated receipts from admission to the
bulking during the sale of goods, Nov. 3
to Nov. 15 inclusive- 12 Exhibition days,
60,000 visitors at 2a. 6d.
Estimated receipts from closing ceremony
in Jesuitry, 1863, under the presidency of
the ?linos of Wales
Estimated proceeds sale of old materials in
machinery annex, .. l,OOO 0 0

£499,799 0 0
Deficiency 50,000 0 0

Total t349,7')9 0 0

PATlOriff.

Disown. Kelk and Lace, first rent £2OOOO 0 0
Messrs. Kelk and Lucas, estimated second
rent
Messrs. Kelk and Lucas, estimated bnildinn
extras 70,000 0 0

£361.790 0 0
Fatimated expense* keeping open 13 extis
days, tic.
&toasted general expenses

Total 049,799 0 0
Should these results be obtained—and the calcu-
lations on which they are based are carefully and
fairly made—the Picture Galleries will probably be
given up by the builders to the Society of Arts, in
trust, under the original agreement, though the
deficiency of 50,0001. will still remain.
This deficiency may be made up by begging
from Messrs. Kelk and Lucas, by sharing in the
supplementary season, or by a call upon the gua-
rantors. If the last alternative should be resorted
to, the guarantors will have to pay about 12 per
cent. of the amounts they signed for.