Its Expenditure at a Glance How each £100 of the Institution's Expenditure was paid out in 1954 £ s. d.

32 6 8 MMBHH HBM New Construetioii.

34 2 6 m mm m Maintenance of Life- boats and Stations (including Depot).

16 12 10 _ . _ Payments to Life-boat Crews.

3 13 0 _ Administration.

13 5 0 _ _i_ Raising of Funds and Publicity at Headquarters and Branches.

£100 0 0 Its Income at a Glance How each £100 of the Institution's Income was obtained in 1954 £ s. d.

16 8 2 ____ Subscriptions, Dona- tions, Collecting Boxes.

13 7 2 _ Life-boat Days and House-to-House Col- lections.

5 19 3 _ Other Special Efforts.

1 72™ Boat-house Collections.

736 _ Income from Invest- ments.

MM'2 0 .. Legacies.

51111 _ Special Gifts.

10 10 . Other Sources.

£100 0 0.