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Seventeeth Annual Report and Balance Sheet of the, Caledonian Society of Otago

The Directors have much pleasure in submitting to the Members the Seventeenth Annual Report and Balance Sheet of the operations of the Society.

The net balance at credit of Profit and Loss Account is L4361 11s 4d. The grounds, grand stand, fence, plant, and care-taker's cottage remain at the official valuation given by Mr. Calder last year.

Revenue.—The total receipts for the year just ended are L2198 4s 5d, as against L1983 0s 3d the previous year—notwithstanding there are 39 fewer members on the roll.

Gatherings.—The Annual Gathering in January was most successful, and shows an increase in the takings of L205 1s 9d over the former Gathering. The usual Gathering on Easter Monday was not held, the grounds having been let to the Otago Athletic Association, from which the sum of L51 3s was derived.

Rentals from Recreation Grounds.—The revenue derived from letting the Recreation Grounds during the year amounts to L229 19s, being on increase of L75 on any previous season.

Leaseholds.—The sum of L141 6s 4d has been collected to date on account of rent of leaseholds, leaving a balance of L196 8s 8d to be received.

Anderson's Bay Road.—Your Directors regret that the frontage to this road is still unlet, but trust that their successors in office will be able soon to utilize this valuable portion of the Society's property.

Expenditure.—The expenditure for this year includes L407 which should have been settled before, also exceptional expenses amounting to L131.

Grand Stand.—The severe gale of last October having damaged portion of the roof, your Directors expended a sum of L81 14s 4d in thoroughly overhauling and strengthening it and repainting the stand.

Evening Classes.—The cost of the Classes this session is L224 11s, less L108 7s received by way of fees. From the official report herewith appended you will learn that 385 pupils attended the classes, and that great good has been done by this means.

Your Directors trust that the efforts of their successors will tend still further to promote the prosperity and usefulness of the Society.