REPORT OF THE PRESIDENT, 1922. 



13 



we still have before us the problem of provision for extending work in 

 high pressure by the Geophysical Laboratory, the opportunity for 

 extension of the laboratory of Mount Wilson Observatory in order to 

 facilitate the researches on the structure of matter in relation to 

 the structure of the universe, and the need for rather rapid develop- 

 ment in the land-observation work of the Department of Terrestrial 

 Magnetism. It is also of much importance to us in the near future to 

 expand considerably our program of studies in the field of Middle 

 American Archaeology. While it is assumed that the work in any one 

 of these fields may be deferred to another time, we also realize that 

 opportunities depend in large measure upon the presence and avail- 

 ability of those individuals prepared for the work and willing to give 

 themselves whole-heartedly to its furtherance. 



The sources of funds available for expenditure during the fiscal year 

 (including appropriations made by the Trustees December 9, 1921, 

 Financial statement anc * revertments and transfers made during the year), 



for Fiscal Year the amounts allotted by the Executive Committee dur- 

 ing the year, and the balances unallotted at the end of 

 the year, are shown in detail in table A: 



A. — Financial statement for fiscal year ending October 31, 1922. 



