How each £100 of the Institution's Expenditure was laid out in 1931.

£ s. d.

32 18 0 «•—• Construction and Repair of Life-boats, Carriages and Tractors.

16 15 0 ™™™ " ™ — Payments to Life-boat Crews; Rewards for Wreck Services; Retaining Fees; Wages; Payments for Exercises; Grants to Injured Men and Pensions.

14 15 0 ™" ™ Propaganda and Publicity, in connexion with Head quarters and over 1,000 Branches.

12 12 0 — Provision, Custody and Inspection of Life-boat Stores.

7 15 0 « — ™« Construction and Repair of Life-boat Houses and Slipways.

4 10 0 - — Amount spent locally at Life-boat Stations.

3 15 0 - — Technical Supervision and Inspection of Life-boat Stations.

4 10 0 i— Administration.

2 10 . 0 ••• Expenses of move to new Headquarters.

£100 0, 0 (For full Statement of Expenditure, see paget 512—514.).