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 amiual 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 pro\asions, the Executive Committee here- 

 with respectfully submits its report for the fiscal year ending October 

 31, 1918. 



During this year the Executive Committee held nine meetings, 

 printed reports of which have been mailed to each Trustee of the 

 Institution. 



Upon the adjournment of the meeting of the Board of Trustees 

 of December 14, 1917, the members of the Executive Committee met 

 and organized by the election of Mr. Walcott as Chairman for 1918, 

 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 1917-1918, together Tvith itemized finan- 

 cial statements for the same period and a summary of receipts and 

 expenditures of the Institution to date. The President also submits 

 a report and an outline of suggested appropriations for the year 1918. 

 The Executive Conmiittee hereby approves the report and the recom- 

 mendations of the President as the report and recommendations of the 

 Committee. 



The Board of Trustees at its meeting of December 14, 1917, instruct- 

 ed the Executive Committee to appoint Messrs. Arthur Young & Co., 

 of Chicago and New York, to audit the accounts of the Institution for 

 the fiscal year ending October 31, 1918. The report of the auditor, 

 including a balance sheet showing the assets and liabiUties of the 

 Institution on October 31, 1918, 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 of Trustees. 



The terms of service of the following officers of the Board of Trustees 

 will expire at the coming annual meeting: Mr. Root, as Chairman of 



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