The Sun.
London, England, 1830-02-25 00:00:00

£1:33,607 10 9

Amount of capital £163,162 10 0
Expenditure to 31st Dec. lot 133,617 10 0

X 29,85.5 0 0
The outstanding liabilities are as follow :
On accoant of the building, about £12,600 0 0
Furniture, &c 5.55 0 0
Apparatus, museums, li-
brary, and dispensary 3OO 0 0
Guarantee to professors for
the session 1820—?10 2,600 0 0
Expenses of management
for the year 1830 above
receipts from students, if
they are not less than last
year, and contingencies 2,600 0 0

--- 17,855 0 0
Leaving an unappropriated balance on
the Ist of Jan. 18:31, of £12,000 0 0
Exclusive of any additions from iiew shares.

At the conclusion of this report will be found a detailed
statement of the receipts and expenditure of the year 1829,
as examined arid signed by the auditors. From that st ‘te-
merit it will be found that the various items which belong
to the bead of expences of management amount to
5,6171. 168. 7d., and there are unpaid tradesmen's bills,
belonging to 1829, amounting to 2901., making a total
charge of 5,937/. 16s. 71 ; but as that stun includes
payments on account of forcer years to the extent of
9571. 2s. 6d., the actual charge for management in the
year 1629 has been 4,950/. 14s. Id. The receipts in
1529, from the proportion of the fees of the students re-
served for the support of the establishment, having been
3,732/. 108. 2(1.,* the Council think that they have rea-
son to congratulate the Proprietors, that in the second
' year of the institution the revenue has advanced so far to-
wards an equality with the annual charges of management.
The Council have not ceased to take the greatest care
that the strictest economy should prevail in every branch of
the expenditure. They stated in their last report, that
experience did not permit them to expect that the busi-
ness of the University could be properly conducted at a
less annual charge than 5,5001., including moderate addi-
tions to the 'Museums and Library. Recent investigations
have again satisfied them that, for the present year at least,
that sum cannot be reduced.

In the last report, the Proprietors were urgently re-
quested to make exertions in their individual circles to pro-
mote sul,scriptions fbr additional shares; and it is to be re-
gretted that among so numerous a body more has not been
done in the past year. It is obvious that the utmost exer-
tions of the Gallica can do little in comparison with what
might be effected by the active co-oper ,tion of the Proprie-
tors; and it is to be hoped that, in future, every Proprietor
mil see the necessity for individual activity.
Until the capital is increased to the extent cf 10,0001.,
the Great Library, the Museum of Natural History, and
the Hall, cannot be finished. These are much wanted
;
s Phis sum of 3,732/. IW. 2d. is made up of 9804 !l.'s. 2d. received
between the Ist of January and the Ist of June, and therefore
belonging to the session 1828-9, and of 2,751/ 125., belonging to
the present session, received between the Ist of September and the
31st of December.
By the 53d clause of the deed of settlement, the statement of
receipts and expenditure to be laid before the annual general
meeting must be for the year ending the 31st of December pre-
ceding; but as the revenue from students' fees, out of which the
annual expellees of the establishment have to be defrayed, is col-
lected between September and June, it is the intention of the
Council to lay before the Proprietors in future, in addition to the
statement required by the deed of settlement, an account showing
the receipts and expenditure of each academical session.