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 Ai'ticle 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 the year 1916-1917. 



During the fiscal year ending October 31, 1917, the Executive Com- 

 mittee held nine meetings. Printed reports of these meetings have 

 been mailed to each Trustee of the Institution. 



A vacancy in the Executive Committee, caused by the resignation 

 of Mr. Welch, was filled by the election of Mr. Baton by the Board of 

 Trustees at its meeting of December 15, 1916. Upon the adjournment 

 of the Board the members of the Executive Committee met and organ- 

 ized bj^ the election of Mr. Walcott as Chairman for 1917, and by 

 voting that the Assistant 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 1916-1917, together with itemized 

 financial statements for the same period and a summary of receipts 

 and expenditures of the Institution to date. The President also sub- 

 mits a report and an outline of suggested appropriations for the year 

 1917. The Executive Committee hereby approves the report and the 

 recommendations of the President as the report and recommendations 

 of the Committee. 



The Board of Trustees at its meeting of December 15, 1916, in- 

 structed the Executive Committee to appoint Messrs. Arthur Young 

 and Company, of Chicago and New York, to audit the accounts of the 

 Institution for the fiscal year ending October 31, 1917. The report of 

 this company, including their balance sheet showing the assets and 

 liabilities of the Institution on October 31, 1917, 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. 



A vacancj^ in the Board of Trustees, occasioned by the resignation 

 of Mr. Andrew D. "\ATiite, calls for action at the coming meeting of 



49 



