exceed the average of the last 14 years by upwards-of 50 

 per cent. 



The Garden Sales, of duplicate animals principally bred 

 in the Establishment, have fully maintained the import- 

 ance attributed to them in the Report of 1851, having 

 amounted to £1036 55. Ad. ; and there is no doubt that 

 during the current year a scarcely less profitable result 

 will be obtained from the accumulating riches of the Col- 

 lection, which it is absolutely necessary to restrain by this 

 means, within certain limits, prescribed by the extent of 

 the Society's accommodation on the one hand, and by the 

 amount of its expenditure on the other. 



b. Expenditure. 



The Expenditure incurred, and belonging to the 3'^ear 

 1855, was £14,248 10*. 5d., a result as nearly balanced by 

 the Income as possible, — the apparent excess being only 

 £159 155. 8c?. 



The Council having foreseen at an early period of the 

 year that the Income of 1855 would be deficient, deter- 

 mined on a scale of expenditure which has been adhered 

 to as closely as the very high price of provisions and other 

 contingencies would permit. And they have the pleasure 

 of reporting, that by the course they thus adopted, invol- 

 ving the temporary discontinuance of New Buildings, — 

 which will not be proceeded with until the funded pro- 

 perty has been increased to £5000, — they have succeeded 

 in effecting a reduction of £4306 16*. 66?. in the gross 

 outlay for the year, as compared with that which imme- 

 diately preceded it. 



As the Income was undoubtedly diminished by causes 

 which have now, it is hoped, passed entirely away, and as 

 the expenditure of 1855 has proved sufficient for the main- 

 tenance and preservation of the Society's property in a 

 most eflfective state, there seems every reason to believe 

 that at the expiration of the current year a much more fa- 

 vourable comparison will be presented. 



The Extraordinary Expenditure paid in 1855, 

 which represents, however, rather an investment than ex- 

 penditure properly so called, scarcely exceeded £600, and 

 was entirely restricted to the works and improvements 

 executed in 1854. 



