Zoolooy : wliile at the same time the stability of the Insti- 

 tution would be gradually ensured by the acquisition of funds 

 adequate, with but moderate aid from the public, for the due 

 maintenance of its several establishments. 



Of the practicability of continuing the system of invest- 

 ment to the extent hitherto effected, the Council, after the 

 experience of nearly four years, entertain no doubt. The 

 average income of the Society for the four years which have 

 just ended has been upwards of £16,000 : its yearly ex- 

 penditure, including, in addition to minor works, a sum of 

 £1000 to be laid out annually either in some building of 

 magnitude or in the purchase of animals of interest, will not, 

 at the present rate, exceed £12,000 : with, therefore, an 

 income diminished even to the extent of £1 000, the reserve 

 of £3000 annually is evidently practicable, and that too 

 without cramping the efficiency of any of the establishments 

 or abstaining from giving additional embellishments and 

 comforts to the Gardens, the most generally attractive of 

 them. 



Shortly after the last Anniversary the Council completed 

 the investment up to the end of 1833. They have the satis- 

 faction of reporting that the present state of the Cash Balance 

 is such as to authorize its completion to the end of 1834. 



The Council have regarded as invested the expenditure 

 incurred in the past year on account of a series of works by 

 which a considerable saving will be made in the annual out- 

 lay for an article of indispensable necessity. On the subject 

 of the 



Well, 



some remark,? appear to be required with reference both to 

 the circumstances in which it originated, and to the outlay 

 incurred in its formation and for the machinery connected 

 with it. 



