TWENTY-THIRD ANNUAL REPORT 43 



INCOME ACCOUNT. 



At the close of the year the balance on hand was $10,8'77.24. 



Your Committee are compelled to report, for what they hope 

 to be the last time, that the General Income Account of the 

 Society has, as usual, been insufficient to meet the current ex- 

 penses and the cash balance at the end of the year has been 

 somewhat reduced. 



The Pension Fund continues to bear heavily on this fund 

 as the Society is obliged to apply $3,665 annually to the Pension 

 Fund. This amount can hardly be reduced, and it should be 

 increased in order to provide some provision for the widows of 

 deceased employees ; a feature in which, at the present time, the 

 Pension Fund is lacking. 



ANIMAL FUND. 



On account of the scarcity of animals in the market during 

 the year, no new efforts were made to raise funds by subscrip- 

 tion for this fund, but $18,000 were transferred from the Privi- 

 lege Account. The balance on hand at the end of the year will 

 be sufficient, if supplemented later by special subscription of 

 about $10,000, to re-stock the Park, provided, of course, that our 

 maintenance allowance is sufficient to supply the needed food 

 and attendance. 



The Society proposes to present a collection of animals to 

 Antwerp to help re-establish the collections of the Antwerp Zoo- 

 logical Gardens, which have been totally destroyed during the 

 war. 



Mr. F. E. Blauuw, who is one of the Honorary Members of 

 the Society and the owner of a very extensive private zoologi- 

 cal collection, especially of birds, at Hilversum, Holland, has 

 appealed to the Society to secure for him sufficient corn to main- 

 tain his collections during the pending shortage of food. 



ENDOWMENT FUND. 



During the year, life membership fees amounting to $1,000 

 were added to the Endowment Fund. The total amount of the 

 fund at the close of the year was $370,701.25. It is invested 

 in securities yielding an average net annual income of 4.25 per 

 cent, per annum. 



