FARMING IN BRITAIN.

New Zealand Herald, Volume LXVI, Issue 20255, 15 May 1929, Page 20

FARMING IN BRITAIN.

THE ROYAL SOCIETY. INCREASED RESERVE FUND. Reporting on the year's accounts of the Royal Agricultural Society of England, at Ihe meeting of the Council in London on March 6, Mr. Adeane, chairman of the financo committee, said the total receipts were £19.594, and the payments £15,693, giving a. credit balance of £3901. Ihe Society therefore, had made good way toward recovering the position in which it sfood at the commencement of the year 1927. It was to be regretted that annual subscriptions again showed shrinkage of £3lB as compared with the previous year, although as a set-off there was an increase of life compositions amounting to £653. The membership of the Society decreased by 339 during 1928. That position was not satisfactory, and pointed to the necessity 'of continued efforts to maintain the membership of" the Society. Whereas at the end of 1927 the capital and reserve fund stood at £131,581, at the end of 1928 it stood at £141,896, showing an increase of £10,315, made up for the great part by the surplus on the Nottingham show, the contribution from the ordinary account, the increase of life compositions, and the appreciation on investments. The invested reserve fund now stood at £127,624, and was especially valuable in view of the loss of income, amounting to £llOO a year, due to a reduced membership.