In reference to the various heads of Income, the Council 

 have to observe that in comparison with 1848 — 



The decrease of £57 8s. lOd. in the Dividends, is the 

 result of Sales of Stock at the close of 1848, which were an 

 nounced in the last Report. 



The decrease of ^186 in the Annual Subscriptions, is 

 chiefly attributable to the excess of Resignations and Deaths 

 to the extent of 56 cases above the new elections. But 

 although this circumstance cannot be regarded otherwise than 

 as unfortunate, there is some ground of hope in referring to 

 the increase of .€55 in the Admission Fees, and of £70 in 

 the payment for Life Compositions, as strikingly indicative 

 of a more prosperous future.' 



An increase of j€50 has been obtained in the rent paid for 

 the privilege of selling refreshments to the Visitors in conse- 

 quence of the increase in their number. 



There has also been an increase of ^162 17s. 4<d. in the sum 

 derived from the sale of the Scientieic Publications of the 

 Society; and the Council have reason to believe that the return 

 under this head in the current year will be found capable of 

 further development. 



The increase of £409 19s. Id. in the Garden Sales, will 

 be more particularly noticed in connection with the Expendi- 

 ture on account of the Menagerie. 



To sum up, — the decrease of Subscriptions has been checked, 

 as compared with the ratio of preceding years, although not 

 determined : the decrease, which for many years continuously 

 down to ] 847, was presented in the Receipts at the Gar-den 

 Gate, has not only been determined, but the Receipts are 

 rapidly rising, and exhibit so vigorous a tendency to advance, 

 that they more than counterbalance the other heads of per- 

 manent income which still remain in an unfavourable condi- 

 tion ; while the Garden Sales of the current year will certainly 

 exceed those of the past. 



b. Expenditure. 



In the balance-sheet attached to the Auditors' Report, will 

 be found the usual statement of payments, distributed under 

 separate heads. 



