48 NEW YORK ZOOLOGICAL SOCIETY 



will of the late Mrs. Morris K. Jesup was also received viz. — 

 $2,500, thus completing the full amount of this bequest of 

 $25,000. In addition one Patron fee of $1,000 and $3,740 in Life 

 Membership fees were added to this fund, making a total of 

 $17,569.16 received during the year. 



The cash invested during the year was as follows : 



$9,000 Lehigh Valley Terminal 5% Bonds $9,090.00 



$3,000 Central Railroad of New Jersey 5% Bonds 3,031.25 



$7,000 United New Jersey R.R. & Canal 4% Bonds 6,230.00 



$1,000 New York, Lackawanna & Western Term. 4% 



Bonds 990.00 



The Endowment Fund now amounts to $369,331.96. This 

 fund is invested in securities yielding a net income at the aver- 

 age rate of 4.25 per cent per annum. 



On December 31, 1917, there was an uninvested balance of 

 $2,740.71 on hand. 



STOKES BIRD FUND. 



The income from this fund, which consists of $5,000 be- 

 queathed to the Society by the late Miss Caroline Phelps Stokes, 

 is devoted to the protection of bird life throughout the country. 



On January 1, 1917, there was a balance on hand of $58.54, 

 and during the year income was received in the amount of $200. 

 There were no expenditures during the year. The cash balance 

 on hand December 31, 1917, was $258.54. 



CADWALADER ANIMAL FUND. 



This fund consists of the income from the fund of $20,000 

 bequeathed to the Society by the late John L. Cadwalader, which 

 is available only for the purchase of animals for the Park. On 

 January 1, 1917, there was a cash balance of $500. The income 

 during the year amounted to $1,000, and there were no expendi- 

 tures. This fund closes the year with a cash balance of $1,500. 



ART GALLERY FUND. 



A new and important canvas by Carl Rungius has been 

 completed, and is on exhibition in the Administration Building 



