414 MARINE BIOLOGICAL LABORATORY. 



Maintenance, buildings and grounds. . . . 5,220.23 



New laboratory expense 1,927.76 



Pumping station expense 464.70 



Research income 3,175.00 



Sundry expense and income 2,165.48 3,255.25 



Supply department 12,822.40 19,150.77 



Interest on notes payable 150.00 



Total expense $65,760.49 



Total income 51,778.11 $51,778.11 



Excess of expense $13,982.38 



Contribution by Mr. C. R. Crane 20,000.00 



Excess carried to balancing account $ 6,017.62 



BALANCE-SHEET, DECEMBER 31, 1915 



Assets Liabilities and Capital 



Cash, bank $ 4,212.16 Accounts payable. $ 1,394.02 



Petty cash 200.00 Note payable. . . . 3,000.00 



Accounts receivable 7,642.37 Trust funds 8,222.55 



Investments 10,733.51 Balancing account 33,997-98 



Investment cash. .. 489.04 



Inventories 



Plant account 



Improvements, 1915 23,337.47 



$46,614.55 $46,614.55 



D. BLAKELY HOAR, ESQ., Treasurer, 

 Marine Biological Laboratory 



Woods Hole, Mass. 

 161 Devonshire Street, Boston. 



Dear Sir: We have audited the accounts of the Marine Bio- 

 logical Laboratory as kept at Woods Hole and of the trust funds 

 and accounts as kept at your office, 161 Devonshire Street, for 

 the year ended December 31, 1915. 



We have checked the report of the Treasurer submitted above 

 and find it correct and in accord with the books. The extent 

 of the audit together with the supporting schedule is set forth 

 in a detailed report under date of February i, 1916. 



Very respectfully, 



HARVEY S. CHASE & Co., 

 Certified Public Accountants 



