.^2 



increase over that of 1S49, amounting to £12,800 ; the Ex- 

 penditure for the three years standing thus : — 

 For 1849 £ 9,580 



— 1850 13,583 



— 1851 22,380 



In analj'sing this greatly increased outlay, your Corntnittee 

 find that new Buildings, repairs of old ones, and other Im- 

 provements, have cost the Society £8000, and the purchase 

 of Animals upwards of £3000 ; the principal items in the 

 latter amount being £800 for the Elephant and Calf, and 

 nearly £1000 for the purchases at Knowsley. They regard 

 the new Buildings as valuable assets, to the amount of at 

 least £4000, and the increased value of the Collection to be 

 at least £3000 ; for it may be observed with respect to the 

 last item, that the valuable presents received during the year 

 fully make up the loss which the Society has sustained from 

 casualties in the Menagerie, They also observe that the 

 Funded Capital and Cash at the Bankers is increased by 

 £4900, and they therefore consider the improved state of 

 the Assets of the Society, under these three heads, as amount- 

 ing to very little- short V £12,000. 



The Committee wish to place these increased accounts of 

 Income and Expenditure in the most plain and explicit 

 manner before the Society, in order that wise conclusions 

 may be drawn as to the expediency of continuing the latter. 



With regard to the purchase and sale of Government Stock, 

 your Committee would suggest that transactions of this kind 

 should be as few as possible ; that a balance, sufficient to 

 meet all ordinaiy demands, should constantly remain in the 

 hands of the Bankers, and that portions of such balance 

 should only be funded, from time to time, Avith a view to 

 permanent investment. It appears from the Balance Sheet 

 that money has been invested in this way during the last six 

 months of 1851, although the Society had on the 31st of 

 December, liabilities to the amount of £1500, with a balance 

 at their Bankers of only £350. 



The Committee have pleasure in bearing testimony to the 

 accuracy and clearness with which the accounts have been 

 prepared and laid before them by the Accountant, Mr. Leigh. 

 EDWARD NEWMAN. JAMES TENNANT. 

 LIONEL BOOTH. EDWARD JOHNSTONE. 



WILLIAM MARTYN. GKORGE RANSOME. 



JOHN VAN VOORST. 



11 Hanover Square, 'March 29, IS'i'ri 



I ^^'M7^v./ 2 4 APR. 1303 



