136 
“The financial state of the Society may be summarized as follows :— 
REcEIPTS. PaYMENTS. 
£ £ 
Members’ Contributions ... ... 253 | Rent, Librarian’s Salary, and na 97 
Sale of ‘ Transactions’ ose, sees 0 neral Management 
Interest on Consols ... vee ove 3 | Library eae Misens eae ions matacs 15 
Tea Subscriptions sai SOL woe 9 | Publications ose, ose) con cae | Sau 
£341 ; £337 
“Thus the actual income has exceeded the actual expenditure by £4; and com- 
paring the 1st of January, 1866, with the Ist of January, 1865, we have this result: — 
1865. 1866. 
Cash Balance in hand ..........eeere ET Asa (Dds ees Lasso: 
Excess of Assets over Liabilities... £71 lls. lld. ... £78 11s. 10d. 
“Thus the number of recruits has enabled the Council to meet the large expenses 
of the year without resort to extraneous aid, and without diminishing the resources of 
the Society ; and the year 1866 opens with an increase to our productive strength of 
forty-four member power. 
“Tn fine, the Council bands down to the care of its successors, whom it is now 
your office to appoint, the direction of a Society which it is pleased to think is both 
increasingly useful and increasingly appreciated. 
“ January 22, 1866.” 
The following gentlemen were elected to form the Council for 1866 (namely) :— 
Messrs. Bates, Dunning, Sir John Lubbock, McLachlan, Moore, Pascoe, W. W. 
Saunders, Edwin Shepherd, A. F. Sheppard, 8. Stevens, Alfred R. Wallace, J. J. Weir, 
and Prof. Westwood. 
The following Officers for 1866 were afterwards elected (namely) : — President, 
Sir John Lubbock, Bart., F.R.S., &c.; Treasurer, Mr. S. Stevens; Secretaries, 
Messrs. Edwin Shepherd and Dunning; Librarian, Mr. Janson. 
The President announced that one of the Prizes offered for Essays of sufficient 
merit on Economic Entomology had been awarded to Alexander Wallace, Esq., M.D., 
M.R.C.P., of Beverley House, Colchester, for his Memoir “ On Ailanthiculture.” 
The President then read the following Address :— 
