REPORT OF THE EXECUTIVE COMMITTEE OF THE BOARD OF 

 REGENTS OF THE SMITHSONIAN INSTITUTION FOR THE 

 YEAR ENDING JUNE 30, 1921. 



To the Board of Regents of the Smithsonian Institution: 



Your executive committee respectfully submits the following re- 

 port in relation to the funds, receipts, and disbursements of the 

 institution and a statement of the appropriations by Congress for 

 the National Museum, the International Exchanges, the Bureau of 

 American Ethnology, the National Zoological Park, the Astro- 

 physical Observatory, the International Catalogue of Scientific Lit- 

 erature, and the National Gallery of Art, for the year ending June 

 30, 1921. 



SMITHSONIAN INSTITUTION. 



Condition of the fund, July 1, 1921. 



The sum of $1,000,000 deposited in the Treasury of the United 

 States under act of Congress is a permanent fund, having been 

 accumulated by the deposit of savings and bequests from time to 

 time. Subsequent bequests and the income therefrom, when so re- 

 quired, are invested in approved securities. The several specific 

 funds so accumulated are now constituted as follows and classed as 

 the consolidated fund. 



Hodgkins general fund $37,275.00 



Rhees fund 156. 00 



Avery fund IS, 439. SO 



Addison T. Reid fund 2, S60. 00 



Lucy T. and George W. Poore fund 6, 660. 00 



George H. Sanford fund 294.00 



Smithson fund 1, 468. 74 



Chamberlain fund 35, 000. 00 



Bruce Hughes fund S, 741.93 



Hamilton fund 500. 00 



Lucy H. Baird fund 1, 166. 58 



Virginia Purdy Bacon fund 45,000.00 



Total consolidated fund 157,562.05 



Fart of the unimproved land near the city of Lowell, Mass., 

 forming a portion of the legacy known as the Lucy T. and George 

 W. Poore fund, was sold during the year, and the sum of $226.42 

 was realized and invested. One piece of improved real estate, at 



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