Annual General Meeting, 21st February, 1887.
J. A Pond, Vice-President, in the chair.
Abstract of Annual Report.
Fourteen new members have been elected, and 36 names have been removed from the roll of the Institute since the last annual meeting. Of these, 5 have been withdrawn through death, 18 by resignation, and the remaining 13 from non-payment of subscription for two consecutive years. The number on the roll is now 278.
Among the deaths, the Council regret to have to mention the names of Mr. J. Richmond (of Messrs. Hesketh and Richmond, for many years legal advisers to the Institute) and Mr. D. Nathan. The latter gentleman bequeathed a sum of £100 to the Auckland Institute.
Finance.—For full particulars of the financial position of the Institute, reference should be made to the Treasurer's balance-sheet, which is appended to this report. The total revenue has been £942 9s. 6d.; the yearly subscriptions amounting to £232 1s. The interest received from the invested funds of the Costley bequest has amounted to £631 14s. The total expenditure has been £1,062 3s. 11d., leaving a balance of £119 14s. 5d. due to the Bank of New Zealand. With respect to the Museum Endowment, there is little to report. Several small blocks of land have been sold by the Waste Lands Board, but the greater part of the purchase-money is still in the hands of the Government.
Meetings.—Twelve meetings have been held during the year, at which 29 papers on various subjects were read.