Dr. Michel Menzbier, of the Imperial Society of Natu- 

 ralists, Moscow. 



Prof. Theophilus Studer, of Berne. 



Edgar Thurston, Esq., Director of the Government 

 Central Museum, Madras. 



Dr. Oscar Boettger, of Frankfort-o.-M. 



Dr. Lorenzo Camerano, of the Royal Zoological 

 Museum, Turin. 



Dr. Walter F. Dale, Falkland Islands. 



Dr. George Brown-Goode,of the United- States National 

 Museum, Washington. 



Dr. H. A. Alford NichollS;, of Dominica, W^est Indies. 



Monsieur Pierre A. Pichot, of ] 32 Boulevard Hausmann, 

 Paris. 



2. State of the Finances. 



a. Income. 



The Council regret to have to announce a serious 

 decrease in the Income of the Society during the past 

 year, caused mainly by the large falling-ofF of the Receipts 

 from admissions to the Gardens. The sum received from 

 this source in 1887 was only £12,138 5s. 6</., instead of 

 £14,974 4s., the corresponding amount in 1886. The 

 Council cannot attribute this falling-off of the Society's 

 most important source of revenue to any defects in the 

 Garden-establishment, which, as they believe, was kept up 

 in its usual high state of efficiency throughout the year. 

 But they are inclined to think that the usual number of 

 excuisionists did not visit London during the summer and 

 autumn of the past year, and that many of those who did 

 come were led away from their usual visit to the Society's 

 Gardens by rival attractions in other parts of the metro- 

 polis. 



The other variations under the other heads of Income 

 hardly call for special remarks ; but the Council are pleased 

 to be able to point out an increase of the sum received for 

 compositions, which was £180 more in 18S7 than in the 

 previous year. 



The total Income of the Society for 1887 ^^as £23,102 

 \5s. 6d., being less than that of 1886 by the sum of 

 £2684 4s. lOd., as shown by the subjoined Table :— 



