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ready received £475 (including £28 paid to Mr. Roberton), which with £328 awarded by Mr. Drinkwater Bethune, to whom this matter was referred, is £803, and the expense of printing the same has been £657: 10. The legal expenses in the present year have been greater than usual, in consequence of the costs in the above reference, amounting to £48: 10: 6, and those in the matter of the Royal Society V. Loscombe, amounting to £114: 12: 10, which have been incurred in prosecuting, under the advice of Counsel, the claim of the Society to £1200 3 per cent. consols bequeathed to the Royal Society by the late Sir Clifton Wintringham, payable on the death of his widow.
The expenses of defending the suit in respect of the Mablethorpe tithes have been considerable; and in consequence of the decision of Lord Abinger in the Court of Exchequer in July last, the income which the Society derives from that estate will be materially diminished, unless that decision can be reversed by appeal to the House of Lords.
The Society derives Income from the rent of an estate at Mablethorpe in Lincolnshire; from a fee-farm rent issuing out of the Barony of Lewes, in Sussex; from the rent of an estate at Acton; and one fifth of the clear rent of an estate at Lambeth Hill, from the Royal College of Physicians, in pursuance of Lady Sadleir's Will. These rents are as follows:
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Estate at Mablethorpe £107 0 0
Lands at Acton 60 0 0
Fee-farm rent of lands in Sussex 19 4 0
Estate at Lambeth Hill 3 0 0
£189 4 0
The estate at Mablethorpe consists of 55 a. 2 r. 2 p. of pasture land, and is let to Mr. Cross, at £107 per annum, who is tenant at will. The lands at Acton appear to consist now of 33 a. 3 r. 36 p., and are let to Mr. Essex, at £60 per annum, who is tenant at will.
The property at Acton was purchased by the Society, with other lands since sold, in August 1732.
The lands at Mablethorpe were bequeathed to the Society by Francis Aston, Esq. in 1713.
The fee-farm rent in Sussex issuing out of the Barony of Lewes was purchased by the Society with £400 bequeathed to the Society by the Bishop of Chester in June 1674, and is now payable by the Earl of Abergavenny.
The Society also derives income from
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Dividends in Stock £529 11 2
[1]Quarterly and Weekly Contributions about 667 0 0
Sale of Philosophical Transactions about 350 0 0
also whatever may be received for the Admission Fees, or Composition of new members, which is fluctuating. The Admissions have been on an average of the last five years thirty-four, which would give £340 per annum for Admission Fees of £10 each; and the average sums received from members who have compounded for
- ↑ This sum is on the increase.
