How each £100 of the Institution's Expenditure was laid out in 1934.

£ s. d.

58 6 0 •••• ••••••••• •••••H B Construction, Repairs, Upkeep and Inspection of Life-boats and Life- boat Stations.

20 12 0 •— — — ~ Payments to Life-boat Crews.

16 18 0 ™ Propaganda and Publicity at Headquarters and 1,133 Branches.

440 «» Administration.

£100 0 0 (For full Statement of Expenditure, see pages 492-494.) The Institution's Income at a Glance.

How each £100 of the Institution's Income~was obtained in 1934.

£ s. d.

36 IS 0 -MH MBM H MBMBH Subscriptions, Donations, and Life- boat Days.

40 3 0 K «M « ••• H Legacies.

15 3 0 — Income from Investments.

6 14 0 — Special Gifts.

1 2 0 •• Other Sources.

£100 0 0 (For full Statement of Income, see pages 493-495.).