c. Medallists. 



At the last Annivcrsai'y the Council had the pleasure of 

 announcing that the Prince of Wales had consented to 

 accept the Society's Gold Medal^ which they had agreed to 

 offer to His Royal Highness in acknowledgment of his 

 many valuable donations to the Menagerie and of other 

 favours. They have row the pleasure of informing the 

 Fellows that the Medal was duly presented to His Royal 

 Highness in person at Marlborough House, on the 7th of 

 June last, by a deputation of the Council, consisting of 

 the President, Vice-Presidents, and Secretary, and was 

 most graciously received. 



The Silver Medal of the Society has been conferred, by 

 a unanimous vote of the Council, since the last Anniversary, 

 on Mr. Robert Hudson, F.R.S., one of the Vice-Presidents 

 of the Society, in recognition of the valuable services lie 

 has rendered to the Society for a lengthened period of 

 years, during which lie has acted on the Council and on 

 various Committees. 



2. State of the Finances. 



a. Income. 



It could hardly have been expected that the Income of 

 the Society in 1877 would have attained the large amount 

 of 187G, which, owing to the great augmentation of the 

 Garden-receipts caused by the attractions of the Prince of 

 Wales's Collection of Indian animals, reached an unpre- 

 cedented total. But the Council have great satisfaction 

 in pointing out that, next to that exceptional year, 1877 

 has given us the largest Income ever attained by the So- 

 ciety — the total i-eceipts having amounted to £.30,988 2e. 

 2d., which, in a time of almost universal depression, must 

 be regarded as extremely favourable. 



The rapid and permanent advance of the ordinary In- 

 come of the Society, which has more than doubled itself 

 during the past twenty years, will be seen by tlic following- 

 Table:— 



