How each £100 of the Institution's Expenditure was laid out in 1932.

£ s. d.

29 16 0 Mi HHa BHMi BBBBBH*HMB Construction and Repair of Life- boats, Carriages and Tractors.

19 12 0 M Payments to Life-boat Crews ; Rewards for Wreck Services ; Retaining Fees ; Wages ; Payments for Exercises ; Grants to Injured Men and Pensions.

16 0 0 fmmm mtmmm Propaganda and Publicity, in connexion with Head- quarters and over 1,100 Branches.

11 16 0 ««BB«"™ B« Provision, Custody and Inspection of Life-boat Stores.

10 2 0 •••• •B Construction and Repair of Life-boat Houses and Slip- ways.

3 18 0 Amount spent locally at Life-boat Stations.

420 ™™ Technical Supervision and Inspection of Life-boat -Stations.

4 14 0 BHB Administration.

£100 0 0 (For full Statement of Expenditure, see pages 96-99.).