REPORT OF THE EXECUTIVE COMMITTEE. 



To the Trustees of the Carnegie Institution of Washington: 



Gentlemen : Article V, Section 3, of the By-Laws provides that the 

 Executive Committee shall submit at the annual meeting of the Board of 

 Trustees a report for publication, and Article VI, Section 3, provides that 

 the Executive Committee shall also submit, at the same time, a full state- 

 ment of the finances and work of the Institution and a detailed estimate of 

 the expenditures for the succeeding year. In accordance with these pro- 

 visions, the Executive Committee herewith respectfully submits its report for 

 the year 1911-1912. 



During the fiscal year ending October 31, 1912, the Executive Committee 

 held eleven meetings, including a special joint meeting with the Finance 

 Committee on January 18, 1912. Printed reports of these meetings have 

 been sent to the Trustees of the Institution. 



Upon the adjournment of the Board of Trustees on December 15, 191 1, 

 the members of the Executive Committee met and organized by the election 

 of Mr. Welch as Chairman for 1912, and by voting that the Assistant Secre- 

 tary of the Institution act as Secretary of the Committee for the same period. 



The President's report gives in detail the results of the work of the Insti- 

 tution for the fiscal year 1911-1912, together with itemized financial state- 

 ments for the same period and a summary of receipts and expenditures of 

 the Institution to date. The President also submits various recommenda- 

 tions and suggestions and an outline of suggested appropriations for the 

 year 19 13. The Executive Committee hereby approves the report of the 

 President, and his recommendations, as the report and recommendations of 

 the Committee. 



The Board of Trustees at its meeting of December 15, 191 1, appointed the 

 American Audit Company to audit the accounts of the Institution for the 

 fiscal year ending October 31, 1912, and the report of this company is here- 

 with submitted as a part of the report of the Executive Committee. 



There is also submitted a balance sheet, showing the condition of the as- 

 sets and liabilities of the Institution on October 31, 1912, together with state- 

 ments of receipts and disbursements for the fiscal year and of aggregate 

 receipts and disbursements since the organization of the Institution on 

 January 28, 1902. 



There are no vacancies in the Board of Trustees as now limited, but the 

 terms of office of the following members of the Board will expire at the 



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