6 MARINE BIOLOGICAL LABORATORY. 



$454.50. The income from the Endowment Fund was $46,276.21 

 and the fee of the Trust Company as Trustee was $787.50, leaving 

 a net income of $45,488.71, or a little over 5 per cent, on the 

 total fund. A full list of the securities will be found in the 

 Auditor's report. 



The securities in the Lucretia Crocker Fund are the same as 

 reported last year and of the book value of $4,011.17, and there 

 is a balance in cash of $487.04. 



The land, buildings, library and equipment of the Laboratory, 

 excluding the Gansett and Devil's Lane property represents an 

 investment of $1,234,537.85 and after deducting $79,931.87 for 

 depreciation, a net book value of $1,154,605.98. 



At the close of the year the indebtedness of the Laboratory 

 consisted of $3,127.40 in accounts payable and $54,030.01 in 

 mortgages on its real estate. 



Following is the balance sheet at the end of the year and the 

 condensed statement of income and outgo for the year. 



EXHIBIT A. 



MARINE BIOLOGICAL LABORATORY BALANCE-SHEET, 

 DECEMBER 31, 1925. 



Assets. 



Endowment Fund Assets: 



Securities in Hands of Trustee Schedule I $ 905,452.50 



Investment Cash in Hands of Trustee 454-5O 



$ 905,907.00 

 Lucretia Crocker Fund Assets, 



Securities Schedule II $ 4,011.17 



Cash Schedule II. 487.04 4,498.21 $ 910,405.21 



Plant Assets: 



Land Schedule III S 112,088.14 



Buildings Schedule III 953,646.40 



Equipment Schedule III. 168,803.31 



31,234.537-85 

 Less Reserve for Depreciation 79,931.87 



$1,154,605.98 

 Cash in Building Fund. . 7,262.76 1,161,868.74 



