6 MARINE BIOLOGICAL LABORATORY. 



Schedule III Cash Receipts and Payments, Reserve and 

 Library Funds, January 8, 1924 to De- 

 cember 31, 1924. 



Schedule IV Land, Buildings, and Equipment, December 

 31, 1924- 



Schedule V Supply Department Income-and-Expense Ac- 

 count, Year ended December 31, 1924. 



During the year 1924 the Laboratory received endowment fund 

 gifts amounting to $905,000.00 and a building fund gift of 

 $500,000.00. 



The receipt of these large gifts made it advisable to change the 

 arrangement of the balance-sheet and we have, therefore, set it 

 up in the form that has been generally adopted by larger endowed 

 institutions. We have also regrouped the items in the income- 

 and-expense statement Exhibit B. 



We certify that the balance-sheet and income-and-expense 

 statement shown in Exhibits A and B in our opinion set forth 

 correctly the financial condition of the Marine Biological Labora- 

 tory at December 31, 1924, and the results of its operations for 

 the year ended on that date. 



Very respectfully, 



HARVEY S. CHASE & COMPANY, 



Certified Public Accountants. 



EXHIBIT A 



MARINE BIOLOGICAL LABORATORY BALANCE-SHEET, 

 DECEMBER 31, 1924. 



Assets. 

 Endowment Fund Assets: 



Securities in Hands of Trustee Schedule I $905,097.50 



Cash in Hands of Trustee 12.00 



$905,109.50 

 Lucretia Crocker Fund Assets, 



Securities Schedule II $ 4,005.17 



Cash Schedule II 427.19 4.432-36 $ 909,541.86 



Plant Assets: 



New Laboratory Building, 



Expenditures to December 31, 1924 $452,106.14 



Cash in Building Fund 56,615.53 



Total (See Contra) $508.721.67 



