4 Carnegie; institution of Washington. 



The reports of the President, the Executive Committee, the auditor, di- 

 rectors of departments, and grantees of the Institution, and a special report 

 of the Finance Committee were presented and considered. 



The following general appropriations for 1912 were authorized : 



Administration $50,000 



Publication 60.000 



Division of Publications 10,000 



Departments of Research 631,000 



Minor Grants 109,900 



Index Medicus 12,500 



Insurance Fund 23,000 



Reserve Fund 250,000 



Contingent Fund 50,000 



1,196,600 



Provision was made for the permanent establishment of an Insurance 

 Fund and for the yearly addition of appropriate sums thereto. 



General questions of a financial nature were referred to a joint committee, 

 consisting of the members of the Executive Committee and the Finance 

 Committee, for consideration and report at the next meeting of the Board. 



Messrs. Root and C. D. Walcott were elected to succeed themselves as 

 members of the Executive Committee for a term of three years. 



The Board adjourned at 1:30 p. m. 



