280 



TWENTY-FOURTH REPORT. 



B are in accordance with the books and correct to the best of our 

 knowledge and belief. 



Very respectfully, 



(Signed) HARVEY L. CHASE & COMPANY, 



Certified Public Accountants. 



MARINE BIOLOGICAL LABORATORY BALANCE SHEET, DECEMBER 31, 



1921. 



Assets. 



Cash : 



In bank $1,548-37 



Petty cash fund 200.00 $1,748.37 



Notes receivable (secured) 1,000.00 



Accounts receivable 9,687.22 



Inventories : 



Supply department 20,152.90 



BIOLOGICAL BULLETIN 3,535-95 23,688.85 



Investments : 



Securities (Schedule I.) $i 1,694.87 



Less loan 1,500.00 10,194.57 



Cash (Schedule II.) 809.87 11,004.44 



Stock in General Biological Supply House, Inc. 12,700.00 



Gansett property account 20,754.95 



Less mortgage 11,582.01 9,172.94 



Educational Plant (Schedule III.) 



Land 95,856.14 



Buildings 207,855.06 



Equipment 98,465.02 



400,176.22 



Less reserve for depreciation 42,070.17 358,106.05 



Deferred charges : 



Prepaid insurance 2,786.43 



Items in suspense 336-98 



$430,251-28 



Liabilities. 



Accounts payable $2,863.84 



Notes payable : 



Falmouth National Bank 10,000.00 



Accrued charges (estimated) 1,000.00 



Items in suspense : 



Friendship Fund donation for 1922 expenses... $5,000.00 

 Amount received from Marine Biological Lab- 

 oratory Club for repairs to club house 500.00 



Other items 105.87 5,605.87 



Trust funds 1 1 ,004.44 



$30,474-i5 



