Abstract of Annual Report.
Twelve new members have been elected during the year. The losses amount to 29, there being a decrease of 17 during the year. The total number on the roll at the present time is 304.
The revenue for the year has been £422 9s. 3d., of which £294 consisted of members' subscriptions. The expenditure amounts to £472 10s. 6d., thus leaving a debit balance of £50 1s. 3d.
Attention was drawn to the bequest made to the Institute by the late Mr. Edward Costley, estimated to be over £10,000, and which is expected to be paid over to trustees for the benefit of the Institute in a short time. Steps were also being taken to utilize the landed endowment granted to the Auckland Museum under the provisions of the “Auckland Museum Endowment Act, 1882.”
Six meetings were held during the session, at which 23 papers on various scientific and literary subjects were read.
Brief mention was made of the principal additions to the Museum, Art Gallery, and Library during the year, and the valuable donations of paintings and books received from Mr. J. T. Mackelvie were specially referred to.