THE following report is submitted in accordance with the provisions of the Constitution of the H. U. B. C. From the subscription-list of last year there was collected $1,226, and from other sources $1,573.11, - making a total of $2,799.11. The expenditures were:-
Bills of 1873, $516.68
" " 1874, 1,146.90
Tax on boat-house, 86.18
Expenses of crew, 1875, 1,040.07
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$2,789.83
Cash on hand, 9.28
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$2,799.11
There still remains a debt of about $500, which, together with the necessary expenses for '75-'76, will make the amount to be raised during the coming year $2,000. According to Art. VIII. Sec. 3 of the Constitution, it will be divided among the classes as follows:-
Class of '76, at 15 percent, owe $300- $76 subscribed.
" " '77, " 25 " " 500- 352 "
" " '78, " 25 " " 500- 20 "
" " '79, " 35 " " 700- 18 "
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