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have been referred the manuscripts proposed for publication by the various branches of the Institution, as well as those offered for printing in the Smithsonian Miscellaneous Collections. The committee. also considered forms of routine blanks and various matters pertaining to printing and publication, including the qualities of paper suitable for text and plates. Twenty-one meetings were held and 156 manuscripts were acted upon.

Respectfully submitted.

Dr. CHARLES D. WALCOTT,

A. HOWARD CLARK, Editor.

Secretary of the Smithsonian Institution.

REPORT OF THE EXECUTIVE COMMITTEE OF THE BOARD OF REGENTS OF THE SMITHSONIAN INSTITUTION FOR THE YEAR ENDING JUNE 30, 1912.

To the Board of Regents of the Smithsonian Institution:

Your executive committee respectfully submits the following report in relation to the funds, receipts, and disbursements of the Institution, and a statement of the appropriations by Congress for the National Museum, the International Exchanges, the Bureau of American Ethnology, the National Zoological Park, the Astrophysical Observatory, and the International Catalogue of Scientific Literature for the year ending June 30, 1912, together with balances of previous appropriations.

SMITHSONIAN INSTITUTION.

Condition of the fund July 1, 1912.

The permanent fund of the Institution and the sources from which it has been derived are as follows:

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Part of residuary legacy of Thomas G. Hodgkins, 1894_.

8,000.00

Deposit from savings of income, 1903__.

25,000.00

Residuary legacy of Thomas G. Hodgkins_---

Total amount of fund in the United States Treasury....

7,918. 69

944, 918. 69

OTHER RESOURCES.

Registered and guaranteed bonds of the West Shore Railroad Co.,

part of legacy of Thomas G. Hodgkins (par value)--

Total permanent fund...

42, 000. 00

986. 918. 69

Also four small pieces of real estate bequeathed by Robert Stanton Avery, of Washington, D. C.

That part of the fund deposited in the Treasury of the United States bears interest at 6 per cent per annum, under the provisions of the act of Congress of August 10, 1846, organizing the Institution, and the act approved March 12, 1894. The rate of interest on the West Shore Railroad bonds is 4 per cent per annum. The real estate received from Robert Stanton Avery is exempt from taxation and yields only a nominal revenue from rentals.

Statement of receipts and disbursements from July 1, 1911, to June 30, 1912.

RECEIPTS.

Cash on deposit July 1, 1911_

Interest on fund deposited in United States Treasury due July 1, 1911, and Jan. 1, 1912-----

Interest on West Shore R. R. bonds due July 1, 1911,

and Jan. 1, 1912____.

Repayments, rentals, publications, etc..

$32, 425.66

$56, 695. 12

1,680.00

27, 643. 19

107, 168. 31

139, 593.97

Contributions from various sources for specific purposes. 21, 150.00

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Balance, June 30, 1912, deposited with the Treasurer of the United

States.

33,060. 09

139, 593.97

By authority, your executive committee again employed Mr. William L. Yaeger, a public accountant of this city, to audit the receipts and disbursements of the Smithsonian Institution during the period covered by this report. The following certificate of examination supports the foregoing statement, and is hereby approved:

WASHINGTON, D. C., August 5, 1912.

EXECUTIVE COMMITTEE, BOARD OF REGENTS,

Smithsonian Institution.

SIRS: I have examined the accounts and vouchers of the Smithsonian Institution for the fiscal year ending June 30, 1912, and certify the following to be a correct statement:

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The vouchers representing payments from the Smithsonian income during the year, each of which bears the approval of the secretary, or, in his absence, of the acting secretary, and a certificate that the materials and services charged were applied to the purposes of the Institution, have been examined in connection with the books of the Institution and agree with them.

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All moneys received by the Smithsonian Institution from interest, sales, refunding of moneys temporarily advanced, or otherwise, are deposited with the Treasurer of the United States to the credit of the Institution, and all payments are made by checks signed by the secretary.

The expenditures made by the disbursing agent of the Institution and audited by the Auditor for the State and Other Departments are reported in detail to Congress and will be found in the printed document.

Your committee also presents the following summary of appropriations for the fiscal year 1912 intrusted by Congress to the care of the Smithsonian Institution, balances of previous appropriations at the beginning of the fiscal year, and amounts unexpended on June 30,

1912:

Appropriations committed by Congress to the care of the Institution:

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International Exchanges, 1910..

International Exchanges, 1911..

International Exchanges, 1912..

American Ethnology, 1910...
American Ethnology, 1911.
American Ethnology, 1912..
Astrophysical Observatory, 1910..
Astrophysical Observatory, 1911..
Astrophysical Observatory, 1912..
International Catalogue, 1910..
International Catalogue, 1911..
International Catalogue, 1912.
Elevators, Smithsonian Building..
National Museum-

Furniture and fixtures, 1910.
Furniture and fixtures, 1911..
Furniture and fixtures, 1912.
Heating and lighting, 1910...
Heating and lighting, 1911..
Heating and lighting, 1912.
Preservation of collections, 1910.
Preservation of collections, 1911.
Preservation of collections, 1912.
Books, 1910..
Books, 1911.

Books, 1912.

Postage, 1912.

Building repairs, 1910..
Building repairs, 1911.
Building repairs, 1912.

Building, National Museum..
National Zoological Park, 1919.
National Zoological Park, 1911.
National Zoological Park, 1912..

1 Carried to credit of surplus fund.

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Statement of estimated income from the Smithsonian fund and from other sources, accrued and prospective, available during the fiscal year ending June 30, 1913.

Balance June 30, 1912____

Interest on fund deposited in United States Treasury,

$33, 060. 09

due July 1, 1912, and Jan. 1, 1913_-_

$56, 695. 00

Interest on West Shore R. R. bonds, due July 1, 1912, and Jan. 1, 1913__.

1,680.00

Exchange repayments, sale of publications, rentals, etc.-
Deposits for specific purposes___.

8,500.00

12,000.00

78,875.00

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