THE MARINE BIOLOGICAL LABORATORY. 287 



Supply Department Laboratory, completion of the brick building, 

 increases of equipment, and in other minor ways, all of which are 

 reflected in the increase of assets. The liabilities are made up for 

 this table of the sum of accounts and notes payable, mortgage on 

 the Gansett property and various lesser amounts, varying from 

 year to year. The increase to be noted since 1918 is due mainly 

 to loans amounting to $10,000 necessary to complete the heavy 

 building and improvement operations of the last three years. The 

 reserve for depreciation is merely a book charge diminishing the 

 assets by the stated amount. The income of the small Trust Funds 

 is allowed to accumulate, for the most part, and this accounts for 

 their increase from year to year. 



The treasurer's report for the current year (p. 279) reflects a 

 satisfactory state of affairs so far as current expenses go. The 

 increase of income over 1920, amounting to $8,349.34, is due to 

 increase in receipts from instruction (from $5,960.00 in 1920 to 

 $8,882.50 in 1921), from contributions for research rooms and 

 tables ($4,450.00 and $6,325.00 in 1920 and 1921, respectively), 

 from " Sundry Income," made up mostly of a charge of 6 per cent, 

 on the investments in the mess, supply department, and dormi- 

 tories ($7,030.75 and $9,243.76 in 1920 and 1921, respectively), 

 and an increase of a little over $1,000.00 in the receipts from the 

 mess. The receipts of the Supply Department, on the other hand, 

 were nearly $1,000.00 less in 1921 than in 1920, which is, after all, 

 a surprisingly small reduction in the face of the very adverse busi- 

 ness conditions. 



The new laboratory of the Supply Department and the additional 

 rooms in the brick building were completed early in 1921 and were 

 in use dhring the summer season. 



Renewed and very careful consideration was given to the plans 

 for the new buildings proposed in the reports for 1919 and 1920 

 and to means of securing funds for their construction and mainte- 

 nance. A decision was soon reached to combine the three main 

 needs, viz., a laboratory for biophysics and biochemistry, an audi- 

 torium, and library, in one building continuous with the present 

 brick building, in order to use the land more economically, to 

 simplify care of the buildings, and make the various departments 

 more accessible to all workers ; at the same time the plan provided 



