ROYAL ECONOMIC SOCIETY Dr. REVENUE ACCOUNT from Ist Jan. to 31st Dec., 1947. Cr. Dec. 31, 1946 EXPENDITURE. INCOME. Dec. 31, 1946 £ S. d. £ S. d. £ S. d. £ S. d. £ S. d. £ s. d. To Journal Account- By Subscriptions :- Printing, Paper and Dis- Arrears as at 31st Dec., tribution and Purchase of 1946 475 3 O 2,656 I5 IO Back Numbers 2,740 12 2 Accrued during year 4,197 I5 IO 549 7 O Contributors 4II II 6 3,152 3 8 4,672 18 IO London and Cambridge Economic Less written off 330 621 6 I Service Memoranda-gr.in 250 Arrears at 80 o o Rent and Office Expenses 80 31st Dec., 1,675 O o Salaries 1,675 O 1947 495 IO O 15 O O " Editorial Expenses 18 O 825 IO O " Fifty-year Index (part) 89 3 o 3,847 8 IO 3,550 12 8 92 6 9 " Printing and Stationery I74 13 4 Dividends and Interest (gross) 1,962 II 2 1,746 13 O 78 5 II " Postages 86 13 8 Advertisements in Journal II O O 19 o Audit Fee and Miscellaneous Ex- Sale of Journal 1,245 16 4 1,089 9 81 I4 6 penses 103 5 6 556 4 Excess of Income over Expenditure 1,437 17 2 £7,066 16 4 £6,405 17 5 £7,066 16 4 £6,405 17 5 PUBLISHING ACCOUNT. £ S. d. £ S. d. £ S. a. £ S. d. 2,085 15 II To Adverse Balance 31st Dec., 1946 2,051 2 4 By Sale of Publications I4I 7 I 84 5 2 Purchase of Publications, Commission, Adverse Balance 31st Dec., 1947 2,088 6 o 2,051 2 4 24 8 5 etc. 41 9 IO 25 3 2 Production costs I37 O II £2,135 7 6 £2,229 13 I £2,229 13 I £2,135 7 6 CAPITAL ACCOUNT. £ S. d. £ S. d. £ S. d. to s. d. Depreciation of Investments 879 IO IO By Balance in favour of Society, 31st Dec., To Balance in favour of Society, 31st Dec., 1946 42,950 2 9 42,950 2 9 37,291 16 6 1947 44,581 I3 6* Life Compositions (1947) 1,073 4 5 1,949 6 5 Appreciation of Investments 3,152 18 6 Excess of Income over Expenditure, 1947 1,437 17 2 556 4 £42,950 2 9 £45,461 4 4 £45,461 4 4 £42,950 2 9 Against this balance there is a liability in respect of 1953 Compounders.