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 statement 

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

 expenditures for the succeeding year. In accordance with these provisions, 

 the Executive Committee herewith respectfully submits its report for fiscal 

 year ending October 31, 1923. 



During this year the Executive Committee held seven meetings, printed 

 reports of which have been mailed to each Trustee. 



Upon adjournment of the meeting of the Board of Trustees of December 15, 

 1922, the members of the Executive Committee met and organized by the 

 election of Mr. Root as Chairman for 1923, and by voting that the Adminis- 

 trative Secretary 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 1922-1923, 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 a report and outline of sug- 

 gested appropriations for the year 1924. The Executive Committee hereby 

 approves the report and recommendations of the President, upon the basis of 

 which additional recommendations respecting appropriations for the year 1924 

 were authorized by the Committee at its meeting of this date. 



The Board of Trustees, at its meeting of December 15, 1922, appointed the 

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

 fiscal year ending October 31, 1923. The report of the auditor, including a 

 balance-sheet showing the assets and liabilities of the Institution on October 

 31, 1923, is herewith submitted as a part of the report of the Executive Com- 

 mittee. 



There is also submitted a statement of receipts and disbursements since the 

 organization of the Institution on January 28, 1902. 



No vacancies exist in the membership of the Board of Trustees. The 

 tenures of office of Mr, Henry White and Mr. John J. Carty as members of 

 the Executive Committee terminate at the coming annual meeting. 



Elihu Root, Chairman. 

 John J. Carty. 

 W. Cameron Forbes. 

 John C. Merriam. 

 Wm. Barclay Parsons. 

 Stewart Paton. 

 Henry" S. Pritchett. 

 Henry White. 



December 13, 1923. 



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