THE REPORT OF THE TREASURER. 5 



constitute a committee of finance, to examine from time to time the 

 books and accounts of the Treasurer, and to audit his accounts at 

 the close of the year. No investments of the funds of the Corpora- 

 tion shall be made by the Treasurer except approved by the finance 

 committee in writing. 



VIII. The consent of every Trustee shall be necessary to dissolu- 

 tion of the Marine Biological Laboratory. In case of dissolution, 

 the property shall be given to the Boston Society of Natural History, 

 or some similar public institution, on such terms as may then be agreed 

 upon. 



IX. These By-laws may be altered at any meeting of the Trustees, 

 provided that the notice of such meeting shall state that an alteration 

 of the By-laws will be acted upon. 



X. Any member in good standing may vote at any meeting, either 

 in person or by proxy duly executed. 



IV. THE REPORT OF THE TREASURER. 1 



Harvey L. Chase & Company, 

 84 State Street, Boston. 



Februarys, 1924. 

 WILLIAM H. DUNBAR, ESQ., 

 161 Devonshire Street, 

 Boston. 



Dear Sir: We have completed our audit of the accounts of the 

 Marine Biological Laboratory for the year ended December 31, 

 1923, and report thereon in the accompanying exhibits and 

 schedules: 



Exhibit A Balance-Sheet as of December 21, 1923. 



Exhibit B Income-and-Expense for the Year ended December 



31,1923- 

 Schedule I Investments (Book Values). 



Schedule II Cash Receipts and Disbursements on Account 

 of Funds. 



Schedule III Land, Buildings, and Equipment. 



Schedule IV Supply Department Income-and-Expense Ac- 

 count for the Year ended December 31, 

 1923. 



1 Only a part of the audit is included in this report. The complete audit is 

 on file at the Laboratory, and may be examined by any member. 



