814 PROCEEDINGS OF THE AMERICAN ACADEMY. 



One Foreign Honorary Member has been elected. Four previ- 

 ously elected, have not yet accepted. 



The roll now includes 484 Fellows and 62 Foreign Honorary 

 JNIembers. 



The annual report of the Treasurer was read, of which the follow- 

 ing is an abstract: — 



General Fund. 



Receipts. 



Balance, April 1, 1916 $2,259.60 



Investments 3,520,00 



Assessments 3,290.00 



Admissions 140.00 



Sundries 152.21 $9,361.81 



Expenditures. 



Expense of Library $2,301.44 



Expense of House 1,810 . 71 



Treasurer 404.29 



General Expense of Society 345 . 84 



Printing Biog. Notices in Proc. 51 .... 200.00 



Interest on Bonds bought 3 . 78 



Income transferred to principal 265 . 13 $5,331 . 19 



Balance, April 1, 1917 4,030.62 



$9,361.81 

 RuMFORD Fund. 

 Receipts. 



Balance, Aprill, 1916 $3,146.56 



Investments 3,164.27 



Grant returned 100.00 6,410.83 



Expenditures. 



Research $2,519.88 



Books, periodicals and binding 72 . 94 



Pubhcation 1,347.12 



Sundries 38.60 



Interest on Mortgage, bought 7 . 64 



Income transferred to principal .... 154.03 $4,140.21 



Balance, April 1, 1917 2,270.62 



$6,410.83 



