40 CARNEGIE INSTITUTION OF WASHINGTON. 



and expenditures of the Institution to date. The President also 

 submits various recommendations and suggestions and an outhne of 

 suggested appropriations for the year 1914. The Executive Com- 

 mittee hereby approves the report of the President and his recom- 

 mendations as the report and recommendations of the Committee. 



The Board of Trustees at its meeting of December 13, 1912, 

 appointed the American Audit Company to audit the accounts of 

 the Institution for the fiscal year ending October 31, 1913, and the 

 report of this company is herewith submitted as a part of the report 

 of the Executive Committee. 



There is also submitted a balance sheet, showing the condition 

 of the assets and liabilities of the Institution on October 31, 1913, 

 together with statements of receipts and disbursements for the fiscal 

 year and of aggregate receipts and disbursements since the organiza- 

 tion of the Institution on January 28, 1902. 



Two vacancies in the Board of Trustees, occasioned by the death 

 of Mr. Billings and by the resignation of Mr. Gage, will call for 

 action at the coming annual meeting of the Trustees. 



The position of Chairman of the Board of Trustees has been 

 rendered vacant by reason of the death of Mr. Billings. 



William H. Welch, Chairman. 

 Cleveland H. Dodge. 

 S. Weir Mitchell. 

 Wm. Barclay Parsons. 

 Elihu Root. 

 Charles D. Walcott. 

 Robert S. Woodward. 

 November 20, 1913. 



