The following gratifying report of the directors has just been
made:--"The funds of the institution consist at the present time of
12,500l. 3 per cent, consols. It is hoped that these funds may be
considerably increased by the exhibition of the beautiful collection of
pictures now on view at the gallery, which last year attracted such
general notice, and which his majesty, ever anxious to forward the
purposes of the institution, has again allowed the directors to offer
for the inspection of the public. The directors, finding that the two
institutions which have been established for the relief of decayed
artists, were not only founded upon the most humane principles, but
conducted in the most beneficial manner, have applied in the course of
the present year, 400l, to the purposes of those institutions; viz.
200l. to the Artists' Benevolent Fund, and 200l to the Artists'
General Benevolent Institution." The report next mentions two pictures
to be painted on the subjects of Lord Howe's and Lord St. Vincent's
victories, by Mr. Briggs and Mr. Jones, to be placed, "as well as those
which were exhibited this year in the gallery in commemoration of other
naval victories, in the hall of Greenwich hospital." It also confirms
the gift of Mr. Hilton's and Mr. Northcote's pictures to the new church
at Pimlico, built by Mr. Hakewill, and to the chapel built by Mr.
Cockerell, in the upper part of Regent-street.
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