11 



ubove-nametl properties for the sum of £22,225, which 

 they were assured by experienced surveyors was a fair 

 value under the circumstances. The necessary funds were 

 raised by the sale of the sums of £10,649 5*. 5d. Reduced 

 3 per Cents, (being the ordinary Reserve Fund) and 

 £.3104 15*. 9d. Consols (being the New Offices Reserve 

 Fund above mentioned), and by borrowing from Messrs. 

 Drummond, the Society's Bankers, the sum of c=€lO,000. 

 As regards this advance, which it is proposed to repay in 

 yearly instalments of £1000 on the 21st of November in 

 every year, the Council feel bound to acknowledge the 

 ready and liberal manner in which Messrs. Drummond 

 placed the necessary sum at the Society's disposal. After 

 the expiration of ten years, therefore, the Society will be 

 in possession of an unencumbered freehold estate of the 

 value, as they are led to believe, of at least £25,000, 

 while there will be ample room for the proposed extension 

 of the Society's premises so soon as the lease of the ad- 

 joining house shall fall in. 



In the meanwhile the additional accommodation imme- 

 diately required for the Library can be obtained at a small 

 cost by placing a new story on the present building in 

 Hanover Square. 



II. OFFICE, 11 Hanover Square. 

 1. Scientific Meetings. 



To the fourteen meetings for the despatch of scientific 

 business held in the Society's Rooms in Hanover Square 

 in 1877> 137 communications were made. Of these 98 were 

 from Fellows and 30 from Corresponding Members of 

 the Society. The remaining 9 papers were from indivi- 

 duals not belonging to the Society, and were communi- 

 cated to it by the Secretary or by other Members. The 

 corresponding number of communications in the year 1876 

 was 132. 



These communications were submitted to the Committee 

 of Publication, by whom the following orders were made 

 respecting them. Five were ordered to be printed entire 

 in the 'Transactions' of the Society, and 112 in the 'Pro- 

 ceedings,' such illustrations being in each case allowed as 

 the Committee considered necessary for the purpose. Of 



