494 PROCEEDINGS OF THE AMERICAN ACADEMY. 



Expenditures. 



Research $1,050.00 



Vault rent, part 3 . 00 



Income transferred to principal 53.04 $1,106.04 



Balance, April 1, 1920 4,925.05 



$6,031.09 

 Publication Fund. 



Receipts. 



Balance, April 1, 1919 $1,461.50 



Appleton Fund investments 1,181.35 



Centennial Fund investments 2,505.00 



Author's Reprints 33 . 39 



Sale of Publications 345.86 $5,527.10 



Expenditures. 



Publications $1,879.42 



Vault rent, part 10.00 



Income transferred to principal 163.07 $2,052.49 



Balance, April 1, 1920 3,474.61 



$5,527.10 

 Francis Amory Fund. 



Receipts. 

 Investments $1,324.08 $1,324.08 



Expenditures. 



Publishing statement 64 . 90 



Interest on bonds bought 28 . 25 



Income transferred to principal 1,230.93 $1,324.08 



]\Tay 12, 1920. 



