l-iG Proceedings of the Royal Society of Victoria. 



Society that the financial position of the Society has only 

 been maintained by the exercise of ligid economy, rendered 

 imperative by the extra expenditure which has been under- 

 taken, but as yet scarcely been actually commenced, in the 

 Biological Survey of Port Phillip, and the proposed publica- 

 tion of the results in a more costly form. Not only have no 

 bookbinding or repairs been executed, though much required, 

 but the urgent want of increased slielving in the Library 

 remains unsatisfied, and some considerable accounts remain 

 unpaid, as appears in the statement of liabilities. On tlie 

 other hand, the amount of subscriptions received has been 

 abnormally augmented for the year by the collection of 

 arrears. Although, theiefore, the present balance to the 

 credit of the Society compares favourably with the last, the 

 future contemplated expenditure will be much greater, and 

 to carry it into effect successfully, an increased income must 

 be provided. 



