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capricious, and the universal dej)ression in trade has no doubt 

 affected it outside any other consideration. 1 believe I may say 

 we have practically no liabilities. That we are in this position 

 is mainly due, now as often, to the liberal donations we have 

 received. I hope, very sincerely, that the time is not far distant 

 when we may be placed outside the necessity of relying upon 

 donations in order to equalise our balance-sheet. In connection 

 with this I may remark that a new arrangement has lately been 

 made with our printers, whereby there should be a considerable 

 saving to the Society. 



Our indefatigable Librarian, Mr. Grut, has so far completed 

 in MS. the much-needed Catalogue of our Library, that its 

 publication may be looked upon as likely to happen at no 

 distant date. 



Our current volume of Transactions if somewhat less varied 

 in contents than has sometimes been the case, is none the less 

 valuable. The publication of so large an instalment at one time 

 of Mr. Marshall's Monograph of British Braconidcs crippled our 

 resources. Of the value of that Monograph (which strikes 

 me as one of the most important we have ever published) 

 there cannot be two opinions, and I hope it may soon be 

 completed ; but the precise arrangements must be left to the 

 advice and guidance of our Chancellor of the Exchequer. 

 Certainly endeavours will be made to ensure its completion as 

 soon as possible, without thereby being obliged to disappoint the 

 authors of other memoirs. 



On account of death five names that appeared in our last 

 List have to be omitted in that which is in preparation. We 

 have lost by death two Honorary Members, viz. : — Prof. Carl 

 Theodor von Siebold and Prof. Henri Milne-Edwards ; and 

 three Ordinary Members, viz. : — Major F. J. S. Parry, Mr. E. C. 

 PiYE, and the Rev. D. J. French. 



It is not my intention to give lengthy obituary notices in this 

 Address. Such could amount to no more than a repetition of 

 what has already appeared in various publications. 



Carl Theodor von Siebold (born at Wurzburg, February 16th, 

 1804, died at Munich, April 6th, 1885) and Henri Milne- 

 Edwards (born of English parents at Bruges, Oct. 23rd, 1800, 

 died at Paris, June 29th, 1885) may well be coupled, for each 

 was a power in his own country as a teacher, and each exercised 



