50 NEW YORK ZOOLOGICAL SOCIETY 



Securities in the amount of $54,566.14 were sold and the 

 amount transferred to the Sage Construction Account on ac- 

 count of Aquarium alterations. This leaves a balance of 

 $438,492.09, all of which is invested in securities. Further 

 drafts from this fund will be made for the completion of the 

 Aquarium alterations and the Heads and Horns Museum. 



GENERAL INCOME FUND. 



The General Income Fund shows a balance of over $15,000. 

 This Fund has to meet the overdrafts of all the other funds of 

 the Society and it is the point where our finances are weakest. 

 The only way to increase it is by a larger membership or 

 through a General Endowment Fund of adequate size. Our 

 General Endowment Account should not be less than $2,000,000 

 and this would leave the Sage Endowment Account free for use 

 in scientific work. The most effective way in which the mem- 

 bers of the Society can assist the Executive Committee is to 

 bear in mind the continuing necessity of new members and the 

 importance of securing bequests to the General Endowment 

 Account. 



ANIMAL ACCOUNT. 



The amount to the credit of the Animal Account at the end 

 of the year was $34,397.44. The price of animals has increased 

 in recent years to such an extent that even with the large bal- 

 ance on hand the Society will have barely adequate sums to 

 purchase rare specimens. 



CADWALADER ENDOWMENT ACCOUNT. 



There was no call on the Cadwalader Endowment Account 

 during the past year and the income has been allowed to ac- 

 cumulate. 



STOKES ENDOWMENT ACCOUNT. 



The same is true of the Stokes Endowment Account. As 

 soon as the available incomes of these two funds become of 

 sufficient size they can be used to great advantage. 



IMPROVEMENT AND REPAIR ACCOUNT, 



The amount to the credit of the Improvement and Repair 

 Account at the end of the year was $3,058.36. Gate receipts 

 have been devoted to the upkeep of the Park structures and a 



