Vol. 52.] ANNUAL EEPOET. ix 



Correspondents during the past year; but at the end of 1895 there 

 was still 1 vacancy in the List of Foreign Members, and 2 vacancies 

 in the List of Foreign Correspondents. 



The total number of Fellows, Foreign Members, and Foreign 

 Correspondents, which at the end of 1894 was 1321, stood at 1318 

 on December 31st, 1895. 



The Society's Income and Expenditure in the year under review 

 may be summarized as follows : — 



The total Receipts amounted to £3249 13s. 4d., being £666 7s. 

 more than the estimated Income for 1895. On the other hand, 

 the total Expenditure during that year amounted to .£2398 5s. lie?., 

 being less by .£181 10s. Id. than the estimated Expenditure for 

 1895. The actual excess of Receipts over current Expenditure in 

 that year was ,£492 18s. M. 



It should be mentioned here that the following Ee-investment of 

 a portion of the Society's Funds was made in 1895. Of 2| per 

 Cent, Consolidated Stock £3769 2s. 6cl. was sold at 104§, and the 

 sum thus produced was applied to the purchase of ,£2000 India 

 3 per Cent. Stock at 104, and £1295 Midland Railway 4 per Cent. 

 Perpetual Preference Stock at 141|. Moreover, in the various 

 Trust Funds held by the Society, the following Re-investments were 

 made. On account of the Wollaston Fund £1084 Is. Id. 2| per 

 Cent. Consolidated Stock was sold at 104|, and the sum thus 

 obtained was applied to the purchase of £1073 Hampshire County 

 3 per Cent. Stock at £105|. Similarly, the £500 2 j per Cent. 

 Consolidated Stock belonging to the Barlow- Jameson Fund was 

 sold at £104||, while £468 Great Northern Railway 3 per Cent. 

 Debenture Stock was purchased in lieu of it at £110||; also 

 £209 8s. 6d. 2| per Cent. Consolidated Stock forming the Bigsby 

 Fund was sold at £104§, and the sum thus obtained was applied to 

 the purchase of £210 Cardiff Corporation 3 per Cent. Stock at 104J. 

 It need hardly be pointed out that the object of these Re -investments 

 was to obtain a larger Income while still holding perfectly sound 

 securities. 



The Council have pleasure in announcing the completion of 

 Volume LI. of the Society's Quarterly Journal and the commence- 

 ment of Volume LII. 



The first number of the new Record of Geological Literature 

 added to the Society's Library was issued concurrently with the 

 May number of the Journal in 1895, and its usefulness seems to 

 have been very generally recognized. As was stated in the previous 

 Report of the Council, now and in future this publication will 

 appear concurrently with the February number of the Society's 

 Quarterly Journal. 



The compilation of the Index to the first Fifty Volumes of the 

 Quarterly Journal is now all but complete, Vol. 48 having been 

 reached, and the manuscript will very soon be placed in the hands 

 of the printers. It is confidently hoped that the whole of the Index 

 will be placed in the Fellows' hands in the course of the present 

 year. 



