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 Oct. 31, 1922. 



During this year the Executive Committee held eight meetings, 

 printed reports of which have been mailed to each Trustee. 



Upon adjournment of the meeting of the Board of Trustees of Decem- 

 ber 9, 1921, the members of the Executive Committee met and 

 organized by the reelection of Mr. Walcott as Chairman for 1922, and 

 by voting that the Administrative 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 

 Institution for the fiscal year 1921-22, together with itemized financial 

 statements for the same period and a summary of receipts and expen- 

 ditures of the Institution to date. The President also submits a 

 report and outline of suggested appropriations for the year 1923. The 

 Executive Committee hereby approves the report and reconamendations 

 of the President, upon the basis of which additional recommenda- 

 tions respecting appropriations for the year 1923 were authorized by 

 the Committee at its meeting of this date. 



The Board of Trustees, at its meeting of December 9, 1921, appointed 

 the American Audit Company to audit the accounts of the Institution 

 for the fiscal year ending October 31, 1922. The report of the auditor, 

 including a balance-sheet showing the assets and liabilities of the 

 Institution on October 31, 1922, is herewith submitted as a part of 

 the report of the Executive Committee. 



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 nor in any of its 

 committees. 



Charles D. Walcott, Chairman. 



Cleveland H. Dodge. 



John C. Merriam. 



Wm. Barclay Parsons. 



Stewart Paton. 



Henry S. Pritchett. 



Elihu Root. 



Henry White. 

 December 1, 1922. 



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