8 
The ordinary expenditure of 1875 exceeded that of 1874 
by the sum of £1499 10s. 9d. This increase is attri- 
butable partly to the excessive cost of provisions for the 
Menagerie, under which head £370 17s. 8d. more was 
expended in 1875 than in the preceding year. The high 
price of hay, which is a very large article of consumption 
in the Gardens (upwards of 250 loads being required 
for the annual supply), was one of the chief causes of 
this excess. The arrears of the previous year were also 
higher by the sum of £306 1s. 10d.; and the expen- 
diture on the scientific publications was rather greater 
than usual. 
The extraordinary expenditure of 1875, which amounted 
altogether to £7479 9s.-3d., was mainly caused by the 
new Lion-house, to which a sum of £6966 1s. 3d. was 
devoted. Other smaller special works in the Gardens re- 
quired a further expenditure of £463 8s. in 1875. As 
regards these new works and buildings full explanations 
will be given in a subsequent part of the Report. 
The sum of £50 was granted by the Council in 1875 
to the Zoological Record Association in aid of their pub- 
lication of the ‘ Record of Zoological Literature’ of 1874, 
in view of the great advantages to zoological science which 
are likely to result from the regular continuance of this 
important work. 
c. Reserve Fund. 
In accerdance with the resolution passed by the Council 
on March 5, 1873, as notified in the last Report, the 
Reserve Fund of the Society has been augmented in 1875 
by the reinvestment of the Dividends accruing from it, 
amounting to the sum of £272 4s. 5d., and also by the 
investment of the additional sum of £500 on the Ist of 
July last. These operations, and the like reinvestment 
of the April dividend this year, have raised the present 
amount of the Reserve Fund to the sum of £9793 13s. 11d. 
Reduced 3 per Cents. 
d. Assets and Liabilities. 
The Assets of the Society on the 31st of December 1875, 
and the corresponding amounts on the 31st of December 
1874, stand as follows :— 
