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The committee of the Literary Society, a few weeks back, came to the conclusion that an attempt should he made to erect a Literary Institute.

In the first place it was found necessary to devise means for raisipg sufficient funds to carry out the ohject they had in view, and the committee at that meeting raised

among the members present £30. It was asked at that meeting how much the annual expenditure would be likely to come to after the building was erected and the books for the library purchased.

The answer can be given approximately by referring to tbe following statement of accounts of the Terasaki Institute, for the year ending July, 1867 :—

ABSTRACT OF THE RECEIPTS AND EXPENDITURE OF THE TARANAKI INSTITUTE FOR THE YEAR ENDEP 30th JUNE, 1867. KBCEIPTB. £ a. A. Cash in hand Ist July, 1866 .. 67 211 Subscriptions 153 16 9 Donations to Museum .. .. .68 6.0 £288 19 9 EXPENDITURE. Books and periodicals .. .. 100 0 0 Newspapers and magazines .. 15 12 9 Minera's for Museum .. .. 41 14 10 Cases for do. .. ~ 1. 15 7 0 Librarian's salary.. ~ .. 26 0 0 Lighiing 19 14 0 Furniture .. .. .. .. 12 810 Cookhouse .. ~ .. 12 10 0 Printing and advertisements .. 5 4 0 Sundries.. 3 10 9 £252 2 2 Cash in hand .. .. 36 17 7 £288 19 9

As regards the number of members from which the above income is derived, there were fifty-nine subscribers at £2, fourteen ladies at £1 10s. thirteen gentlemen at £1, and eighteen subscribers to the reading* room alone, making altogether an income of £161 per annum.

It will be seen that among the items of expenditure there is £57 Is lOd which went to ihe Museum alone; but on the other band, donations were made to the Museum amounting to £68.

We cannot suppose that Taranaki is better able to support an Institute than Wanganui, and we hope that the exertions of the committee of the Literary Society will be seconded by our townspeople in providing that which few towns of half the size of Wanganui are without.

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Bibliographic details

THE LITERARY SOCIETY., Wanganui Herald, Volume I, Issue 73, 26 August 1867

Word Count

THE LITERARY SOCIETY. Wanganui Herald, Volume I, Issue 73, 26 August 1867

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