44 NEW YORK ZOOLOGICAL SOCIETY 



The sum of $207,586 has been provided for the maintenance 

 of the Park by the City for the year 1918. This includes an 

 amount sufficient to enable the Society to meet the increased sal- 

 aries of our low-paid employees, which last year were provided 

 by a special subscription of the Board of Managers. 



Aquanum. — The sum of $47,000 was provided by the City 

 for the maintenance of the Aquarium during 1917. Your Com- 

 mittee had great difficulty in maintaining the Aquarium with 

 this amount, and it was only with much self-devotion on the part 

 of the Aquarium staff that this result was accomplished and the 

 year closed without a deficit. The sum of $48,632.50 has been 

 provided by the City for the maintenance of the Aquarium for 

 the year 1918 and for the increased salaries of the low-paid 

 employees. 



The total cost to the City for the upkeep of these two insti- 

 tutions for the year 1917 amounted to a trifle less than seven 

 cents for each visitor. 



FINANCES. 



The Society continues to suffer from an exceedingly small 

 Endowment Fund and it has been a great disappointment to your 

 Committee that this fund has not received the benefit of large 

 bequests in the same proportions as have its sister institutions 

 in this city. With an Endowment Fund of only $369,331.96, the 

 income is pitifully small for the amount of work which must be 

 performed. The Society could be of vast usefulness in various 

 fields of zoological and conservation activities if only there were 

 a sufficient sum of money available for that purpose. The Ex- 

 ecutive Committee desires to point out to the members of the 

 Board of Managers the disabilities under which the Society 

 labors from a lack of an unrestricted income from at least 

 $1,000,000, which could be utilized for the maintenance and ex- 

 pansion of the Society. 



The balances to the credit of the several funds in the 

 P^armers' Loan & Trust Company as of December 31, 1917, are 

 as follows : ^ 



Income Account $10,954.74 



Animal Fund 16,463.03 



Endowment Fund (uninvested) 2,740.71 



