TWENTIETH ANNUAL REPORT 47 



annually, viz., $8,000, which is a little more than twice the 

 amount subscribed by employees. Your committee hope during 

 the year 1916 to be able to increase the principal of the Pension 

 Fund so that it will not be necessary for the Society to make 

 this annual cash subscription, which during 1915 amounted to 

 $3,415. Experience has shown that this annual drain on the 

 Society, if continued, will greatly cripple its work. 



The pension plan during the year has worked very smoothly, 

 and a full statement from the Pension Board appears later in 

 this report. 



During the year employees have paid in to the Pension 

 Fund Income Account $3,172.18, and the Society has paid $8,000. 

 On December 31, 1915, there was a cash balance on hand of 

 $15,139.91, of which $10,171.46 has been invested in quickly 

 convertible securities. 



OVERDRAFTS. 



Under the contract with the City it is necessary for the 

 Society to advance funds for the purchase of maintenance sup- 

 plies and pay rolls at the Park and the Aquarium, reimburse- 

 ments being made by the City from time to time. When the 

 balances to the credit of the different funds of the Society in the 

 Farmers' Loan and Trust Company are low, it is probable that 

 the above procedure will cause an overdraft, as has frequently 

 happened in former years. To provide against this contingency 

 your committee have authorized the Treasurer to deposit with 

 the Farmers' Loan and Trust Company, securities belonging to 

 the Society in the amount of $50,000, to be held as a guarantee 

 against overdrafts which may be made from time to time upon 

 the account of the Society. 



CORPORATE STOCK. 



The entire issue of Corporate Stock authorized by the City 

 authorities in 1914 in the amount of $18,425, and which had 

 been held up, was released during the year, and with the bal- 

 ance of $7,518.32 already available for the Animal Hospital, is 

 as follows : 



Construction of a Hospital Building to be 



located in the Service Yard $22,518.32 



Six new drinking fountains 600.00 



