FINANCIAL STATEMENT 



For the information of its subscribers, contributors, and bene- 

 factors, the Journal of Animal Behavior proposes hereafter to 

 publish, in the first number of each volume, a brief statement of 

 its financial condition. 



Financial Statement for the Journal of Animal Behavior, 

 December 30, 1913 to December 1, 1914 (Volume 4) 



receipts 



Balance from 1913 $154.67 



Receipts from sales of complete volumes and 



odd numbers 786.30 



Receipts from advertising 50.00 



Gifts and contributions toward the cost of 



illustrations and tabular material 222.13 



Interest 27.26 $1,240.36 



EXPENDITURES 



Cost of manufacturing and distributing vol- 

 ume 4 (this does not include cost of paper, 

 paid in 1913) $868.48 



Office expenses, including postal and express 

 items 180.00 1,048.48 



Balance on hand $191.88 



