REPORT OF THE PRESIDENT, I9IO. 



13 



the limitations imposed on the growth of the Institution by this economic 

 condition, and steps essential to keep expenditures within income were taken 

 in the preparation of the last annual budget. It was necessary, in fact, be- 

 ginning with the year 1910, to restrict the work of the Institution mainly to 

 existing fruitful enterprises and to prepare for a probable curtailment of 

 them in the near future. These considerations arising from causes external 

 to the Institution should be borne in mind in any attempt to interpret its 

 present and prospectiv financial status. 



-.. . , o^ . ^ The sources of funds available for expenditure during 

 Financial Statement ^ ° 



for Fiscal Year the past year, the allotments for the year, and the balances 

 1909-1910. unallotted at the end of the year are shown in detail in 

 the following statement : 



The following list shows the departments of investigation to which the 

 larger grants were made by the Trustees and the amounts allotted from those 

 grants by the Executiv Committee during the year : 



Department of Botanical Research $34,728.00 



Department of Experimental Evolution 40,970.00 



Department of Economics and Sociology 10,000.00 



Geophysical Laboratory 51,020.00 



Department of Historical Research 22,700.00 



Department of Marine Biology 27,070.00 



Department of Meridian Astrometry 35,655-00 



Nutrition Laboratory 26,378.00 



Division of Publications g,ooo . 00 



Solar Observatory 115,720.00 



Department of Terrestrial Magnetism 76,920.00 



450,161.00 

 Transferd to minor grants 1,448.28 



451,609.28 



