Account of Harvard Rowing Club.

The following report has been made by the treasurer of the Harvard Rowing Club for the year ending Oct. 1, 1891:

Cr

Poid janitor $860 00

City of Cambridge for water 60 45

Coal 62 31

Insurance 175 00

Lockers 480 00

Extra labor at boat house 115 50

Burdett, Williams for carpenters' supplies 59 78

Shepherd Norwell for linen 13 95

Meaney, for rowlocks, seats, etc. 52 35

L. W. Fardinand, tackle, blocks, etc. 9 85

Edwards, for varnishes, paints, etc. 40 08

Express 4 55

Elliot, for outriggers 7 00

T. J. Shaw, oars 61 00

Tracey, for lumber 91 61

Wallser Pratt, for stove, 26 38

Brock Brok., for plumbing 41 81

Kerns, for rowlocks 11 50

Printing, stationery, and books 28 06

Clark Smith, lumber for boat 14 79

Sundry small accounts 113 36

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2,329 78

On hand in bank Oct. 1, 1891 22 13

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2,351 91

Account of Harvard Rowing Club, 1890-91.

Dr.

Cash on hand Oct 1, 1890

Cash in bank $139 94

Cash from Grad. Treas. account 402 77

Entrance fees, fall account 908 00

Entrance fees, spring account 744 00

Entrance fees, summer account 60 50

Rent of boats and canoes 34 00

Received from charges for damages 55 75

Received from entrance fees to races 5 85

Received from error in account 1 10

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Total receipts 2,351 91

Oct., 1890, cash in bank $139 94

In hands of Grad. Treas. 1,002 77

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1,142 71

Oct., 1891, cash in bank 22 13

In hands of Grad. Treas. 600 00

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622 13

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Deficit for the year 520 58

The accounts of the Rowing Club show a deficit of $520.58 for the year of 1890-91. The amount expended in permanent improvements which is rendered in above account was $597.99. This was spent in additional lockers and fitting up a carpenter's shop. The receipts of the club were more than sufficient to meet all the running expenses except from these permanent improvements.

The charges for damages to boats amounted to $55.75. The boats and oars are insured for $4,000 and as the life of a boat cannot be calculated at more than six years it will be seen that the maintenance of the equipment in its present state is not secured by the receipts as estimated from last year's accounts.

The whole amount spent in equipment directly was $145.00, including one new double added to the stock at an expense of about $40.00.

The boat club is in a position to build boats at an expense of about $30.00 apiece, not including the cost of labor, which is included in the janitor's wages.

The title to the boat house, land, and the equipment was, by the gift of Mr. Weld, given to trustees, who allow the Rowing Club to use the premises. The Rowing Club has no property in the house except the equipment which it buys. The insurance and taxes amounting to about $225 annually are paid by the Rowing Club, as well as all permanent improvements which have been made to state. The house is insured for $11,000, expiring in November, 1892, and the equipment is insured for $4,000. $1,000 of which expires in November, 1892, and $3,000 in December, 1893.

During the present winter two singles and one double compromise boats will be added by the club to the equipment and it is the intention of the governing board to purchase some canvass canoes for the general use of the club.

J. W. LUND.Treasurer; 1890-91.