THE MARINE BIOLOGICAL LABORATORY. 307 



they may be offered to greater advantage here than elsewhere. 

 There is no attempt to duplicate university or college courses. 



The Laboratory 'assigns no grades in courses and sets no exam- 

 inations. The Laboratory will therefore not certify to attainments 

 in any course, but individual instructors are at liberty to do so on 

 their own responsibility. 



Instructors in courses are selected primarily for their interest in 

 and qualifications for research. 



Salaries of instructors are calculated to pay expenses of travel 

 and living only for the duration of the course. 



The number of instructors in courses is sufficient to leave each 

 one adequate time for his own research. 



Courses of instruction are given only during six weeks in the 

 summer. 



5. Cooperating Institutions. The organization of the Labora- 

 tory, being primarily a cooperative society of biological investi- 

 gators and of the institutions that they represent, is such that a 

 system of subscribing and cooperating institutions has been grad- 

 ually developed (see p. 302) ; these relationships should be further 

 extended and strengthened. 



As far as possible the same space is reserved in successive years 

 for the cooperating institutions. But, except where definite con- 

 tracts exist, the assignment of space is at the discretion of the 

 Director. 



The Laboratory aims to be an outpost of the biological depart- 

 ments of universities, colleges, and research laboratories ; each has 

 its part in the Laboratory according to its needs and acquired 

 rights. 



6. Financial. In general, it is the aim of the Laboratory to 

 make all departments except research self-supporting. The Labo- 

 ratory should depend as little as possible upon actual endowment 

 and as much as possible upon earnings and good will. It is the 

 policy of the Laboratory to have endowment funds held in trust. 



The financial administration should be such as to secure confi- 

 dence ; to this end there is a complete accounting system for all 

 income and expenditures and an annual audit by a firm of auditors, 

 which is published each year. 



A budget estimate is prepared in December of each year for the 



