In the case of each of the Missions examined, they carefully laid down the principles applicable to the condition of the Native churches; the forms of missionary labour among the heathen; the number and work of the Society's missionaries; the number and labours of Native agents engaged in purely mission work; and the state of education. The present scale and details of expenditure were examined; and then, to every element of the system an APPROPRIATION for the year was made of that amount of money which, in the judgment of the Directors, the Society could justly spare from the funds which they have at their command. A Schedule of these allowances in every group of Missions was next drawn out, exhibiting the sums available for the expenditure of the year, and was forwarded to the Mission concerned. And finally, a special DESPATCH which accompanied the Warrants, was written to the members of every Mission, in order to explain in the fullest manner the views of the Directors respecting that Mission, and the form which, in their judgment, the aid of the Society should for the future assume. Again, while the Society enjoys the services of a large number of able, conscientious, and spiritual men, as devoted as ever their predecessors were to missionary work, it was seen to be essential to their fullest efficiency, that they should be brought into closer union with each other abroad, and with the system of the Society at home; that the personal comfort of the mission families should be more fully secured under the changed circumstances of modern days; and that the experience of each field of labour should be so wrought into the general system as to prove a helper to all the rest. The result of the system to the Society's finances has been economy, compactness, and strength. While in several cases the personal income of the missionaries has been increased, yet, by limiting the amount of the Native agency to be employed in evangelistic work; by reducing the help hitherto granted to the Native Christians for their incidental expenditure; and by enforcing economy in all minor matters at home as well as abroad; the Board have been able to bring down the total expenditure of the Society to a point much nearer the range of the Society's ordinary income than it has for several years past. They have provided, however, only for the necessities of their present operations. They need a larger income still, if the friends of the Society would wish them to undertake that extension of their Missions into new fields which the world needs, for which the missionaries earnestly plead, and which they themselves are most anxious to secure. The effect of the system on certain of the Native churches has been a most healthy one. As hoped for, it is beginning to stimulate them to manliness, and to a more earnest consecration, not only of their means, but of their personal service to the Saviour's work. III.--THE SOCIETY'S PRESENT OPERATIONS.