Brought forward

Total Receipts during the year..

Invested on Bond and Mortgage, at 7 per cent. Interest

at the date of the last year's Report.......

Present amount of the Fund...

Now invested on Bond and Mortgage, at 7

per cent. Interest.

Cash now in hand...

$3,259 28

14,500 00

$17,759 28

$17,500 00

259 28

17,759 28

17,759 28

$1,508 28

Increase of the Fund during the last year....

The Trustees further Report,-That they have endeavored to effect a sale of the property known as the Episcopal Residence, but have hitherto been unable to do so. They have, however, let the house for one year from the first of May, 1858, at an annual rent of $1,000, making a deduction of $100 from that sum as an allowance to the tenant for repairs. This was the best rent they were able to obtain. The Convention have directed the Trustees to pay to Bishop Onderdonk, out of the rent of the Episcopal Residence, or the income to be derived from the proceeds thereof in case it should be sold, the sum of $1,000 annually for the rent of a house suitable and convenient for his occupancy. But by the terms of the trust deed, under which the property is now held by the Trustees of the Episcopal Fund, no part of the rent or income derived therefrom, or from the proceeds of the sale thereof, can be applied to the benefit of Bishop Onderdonk during the continuance of his present relations to the Diocese. Under these circumstances, and to carry out the manifest intentions of the Convention, the Trustees have resolved to pay to Bishop Onderdonk out of the Disposable Fund, an amount equal to the nett rent or income they may derive from the Episcopal Residence, or the proceeds of the sale thereof in case it should be sold, not to exceed $1,000 per annum, and have informed Bishop Onderdonk of such resolution. The deductions from the current rent will be for Taxes, Insurance, Repairs, and the expenses of letting the property and collecting the rents. The Trustees would respectfully suggest that the provision for the payment to Bishop Onderdonk of an allowance for house rent, contemplated by the resolutions of the Convention above alluded to, should be made expressly from the Disposable Fund, as it is not in the power of the Convention or of the Trustees to divert any part of the rent or income of the property known as the Episcopal Res

idence, or of the funds or estate into which it may be converted, from the use of the Bishop at the time performing the functions of the Episcopate.

All which is respectfully submitted,

WILLIAM E. DUNSCOMB, President,

ISAAC A. JOHNSON, ofing Sery and freasir,

Trustees.

Dated NEW YORK, 29th September, 1858.

SCHEDULE A.

Showing sums received by the Treasurer of the Episcopal Fund towards the Salary of the Provisional Bishop, for 1856-7, in addition to those reported in the Journal of the last Convention.

Showing the sums received by the Treasurer of the Episcopal Fund towards the Salary of the Provisional Bishop for 1857-8.

On motion of Gouverneur M. Ogden, Esq., it was then

Resolved, That the Trustees of the Episcopal Fund are directed to pay to Bishop Onderdonk annually out of the income of the Disposable Fund, as an allowance for the rent of a house suitable and convenient for his occupancy, an amount equal to the nett rent or income they may derive from the Episcopal Residence, or from the proceeds of the sale thereof in case it should be sold, not, however, to exceed one thousand dollars per annum.

The Report of the Special Committee on the Salary of the Right Reverend the Provisional Bishop was presented and read.

*N. B.--The foregoing Schedules, including all payments made up to the 5th October, 1858, will show a larger amount of contributions than was made at the date of the Report of the Trustees to the Convention.

Report

OF THE SPECIAL COMMITTEE ON THE SALARY OF THE PROVISIONAL BISHOP.

The Special Committee on the Salary of the Provisional Bishop respectfully Report:

That they have duly apportioned the sum required to be raised among the Parishes, as directed in the Resolution of the last Convention.

They beg to recommend, that power be given to the Committee to fill vacancies, and to add to their number at their discretion. These provisions have been needed in consequence of the absence from the country of some of the members, and of the inconveniencies which other members have experienced, preventing them from attending the meetings of the Committee.

It is thought very desirable that, in the important matter of this apportionment among the Churches in the Diocese, a full and impartial representation should be, as far as possible, secured.

Respectfully submitted,

Sept. 27, 1858.

FRANCIS VINTON, D.D., Chairman.

On motion of the Secretary, the following Resolutions were then adopted:

Resolved, That a Committee be appointed to make an equitable apportionment among the Parishes of the Diocese of a sum which, with the available income of the Episcopal Fund, will form an amount sufficient to meet the payment to the Right Reverend the Provisional Bishop, assumed by this Convention.

Resolved, That this Committee have power to supply vacancies in their number, should any occur during the year.

The Chair appointed as the Committee to serve under these resolutions for the ensuing year:

The Rev. Francis Vinton, D. D., the Rev. Benjamin I. Haight, D. D., Hon. John A. King, Hon. Murray Hoffman, Hon. Luther Bradish, Robert B. Minturn, Esq., Cyrus Curtiss, Esq., Stephen Cambreleng, Esq., Hon. John A. Dix, Henry E. Pierrepont, Esq., and George D. Morgan, Esq.

The Report of the Education Committee was presented and read by the Rev. Dr. McVickar :

Report

OF SOCIETY FOR PROMOTING RELIGION AND LEARNING.

The Society for promoting Religion and Learning in the State of New York, as the Canonical Agent appointed to receive and disburse the amount of Parochial Collections made under canon for the advancement of Ministerial Education, respectfully Report:

That the amount received from all the Churches of the Diocese under the provisions of the canon during the past year falls short of $600; a sum so wholly inadequate for the ends contemplated by the Church in passing the Canon, that had it not been for the liberal and voluntary contribution made from the Treasury of the Society itself, the necessitous Candidates of the Church would have been left, in nine cases out of ten, wholly destitute of the means absolutely requisite to enable them to continue their studies; a fact which will more fully appear by the following statistics :

The number of Students, during the past year-actual Candidates for the Ministry, and pursuing their Theological Studies in the General Theological Seminary, including two under Clerical Instruction elsewhere was 26, with a provision of from $150 to $200 each.

The number of Students in Colleges and Schools, under training, with a general view to the Ministry, was 25; with a provision of from $50 to $100 each.

The sum total of expenditure by the Society in the support of the above, amounted to $6,250; of which sum, as appears from the above statement, less than one tenth was contributed by the Diocese, for whose benefit the whole amount was expended. It should be added further in justice to the Society, that, in addition to the above liberal expenditure for this great cause, they advanced further from their own means, in way of loan, without interest, to the graduating class of