xxxu 



Thus the expenditure has slightly exceeded the receipts, and the cash 

 balance is reduced from £2 Is. 3(/. to £0 Ss. Id. When, however, the 

 number of expensive coloured plates is taken into consideration, and also 

 the fact that the fourth part of the ' Transactions ' was not published until 

 the end of December, and that consequently no part of the proceeds of the 

 sale thereof could appear in the year's accounts, it will not be considered an 

 unfavourable statement. 



It will be seen that the Council have not in any way increased the 

 Library of Books. In the present unsatisfactory state of their Library, 

 caused by the utterly insufficient accommodation in Bedford Row, they felt 

 that it would be useless to expend any more money on books until they had 

 a fit place in which to deposit them. They preferred, in the mean time, to 

 spend what money they had in publications. 



It is with much i-egret that the Council have to report the failure of the 

 negociation for obtaining permanent accommodation for the Library in 

 connection with the Liunean Society, it having beeii ascertained that the 

 whole space in the rooms is required by the latter Society for their own 

 large and increasing library. The apartments in Bedford Row are only 

 held by this Society until midsummer next; consequently the future 

 destination of our Library will be the first and most important question for 

 the consideration of the new Council. It is to be hoped that before the 

 close of the present session they will be able to remedy this long-standing 

 evil. 



Ui^th January, 1876. 



The following gentlemen were elected Members of Council for 1876 : — 

 Sir Sidney Smith Saunders, Messrs. W. C. Boyd, A. G. Butler, G. C. 

 Champion, J. W. Dunning, F. Grut, R. M'Lachlan, R. Meldola, F. Moore, 

 Rev. R. P. Murray, F. P. Pascoe, F. Smith, and J. J. Weir. 



The following officers were elected for the year 1875: — President, 

 Sir Sidney Smith Saunders, C.M.G. ; Treasurer, Mr. R. M'Lachlan ; 

 Secretaries, Messrs. F. Grut and A. G. Butler; Librarian, Mr. E. W. 

 Janson. 



The President read the following Address : — 



