REPORT OF THE PRESIDENT, 1912. 



15 



The aggregate receipts from interest on endowment, 



Summary of Receipts <• • , i_ j • r • *. 1. j 



and Expenditures f rom interest on bond investments, from interest on de- 

 posits in banks, from sales of publications, from refund 

 on grants, and miscellaneous items to date is $7,169,698.80, 



of the Institution 

 to date. 



as shown by the following table : 



* Of this amount, $295,500 were received from the sale of bonds in 1908, 1909, 1910, and 191 2. 



The purposes for which funds have been appropriated by the Board of 

 Trustees of the Institution may be summarily classified under five heads, 

 namely: (1) investments in bonds and on account of Administration Build- 

 ing; (2) large projects; (3) minor projects, special projects, and research 

 associates and assistants ; (4) publications; (5) administration. The actual 

 expenditures under these heads for each year since the foundation of the 

 Institution are shown in the following table : 



