dell were employed, with the general approbation of the 

 Fellows who frequented the Saturday Meetings. 



The item of £327 9s. 6d. for Advertisements is fully 

 accounted for by the numerous and important announce- 

 ments which the state of the Institution rendered it neces- 

 sary to make public. 



In the items of £62 125. 7d., and £2/9 ISs. lid. for the 

 production of the Society's Publications, there is an in- 

 crease of £189 Os. Id., which the Council feel confident will 

 be entirely approved of by those who duly consider the im- 

 portance of publishing the scientific labours of Naturahsts 

 and Physiologists in a manner which is worthy of the Au- 

 thors and of the Society to which they are offered. 



Upon the item of £147 for Gratuities the Council 

 desire to remark, that having in the month of December 

 last taken into consideration the additional labour brought 

 upon the persons in the Society's employment, frotti the 

 extension of its objects, — the great impi'ovement in the 

 Income, — as well as the rate to which the Salaries had been 

 reduced in 1845, in consequence of the diminution of In- 

 come at that period ; they thought it right, in the altered 

 circumstances of their labour and of the Society's financial 

 position, to present' Gratuities to the above-mentioned 

 amount, in sums proportioned to their length of service, to 

 the whole of the persons so employed, in proof of the Coun- 

 cil's appreciation of their good conduct, and of the identity 

 of their interests with the prosperity of the Institution. 



c. Assets and Liabiliiie?. 



In the Gash Assets of the Society at the termination 

 of the year 1850, there was an increase of £1373 14*. lie?. 

 These Assets consisted of £795 145. 'Jd. Cash at the 

 Bankers, and £4510 13s. 4d. paid for £5000 reduced 3 per 

 cent, stock, exclusive of £410 Is. 6d. Consols, purchased to 

 meet the liability of the Society for arrears of Rent due for 

 their House in Hanover Square, but for which there is at 

 present no legal claimant. 



The Liabilities of the Society at the same period were 

 £862 4*. 8^., and consisted solely of current bills, which 

 could not be paid until the month of January. 



The prospects of the Society are such, notwithstanding 

 the necessarily large expenditure incurred for the present 



