Its Expenditure at a Glance How each £100 of the Institution's Expenditure was paid out in 1951 £ s. d.

28 7 6 _ _______ New Construction.

38 8 10 ____ _M_ Maintenance of Life- boats and Stations (including Depot).

15 19 0 .____ Payments to Life-boat Crews.

3 16 0 M Administration.

13 8 8 _ _ Propaganda and Pub- licity at Headquarters and 1,046 Branches.

£100 0 0 Its Income at a Glance How each £100 of the Institution's Income was obtained in 1951 £ s. d.

16 9 10 ••• • M Subscriptions, Dona- tions, Collecting Boxes.

13 4 7 •"•••• Life-boat Days and House-to-House Collec- tions.

5 1 5 _ Other Special Efforts.

1 11 2 _ Boat-House Collections.

8 13 11 m Income from Invest- ments.

48 2 0 MBKHHM B H HBB MM Legacies.

511 1 __ Special Gifts.

160. Other Sources.

£100 0 0.