EEPOET OF THE SECEETAEY 9 



tinued during the past year, and interest on these deposits has 

 amounted to $5,215,32. The income during the year for general 

 expenses, consisting of interest on permanent investments and other 

 miscellaneous sources, amounted to $63,136.14. Revenues and prin- 

 cipal of funds for specific purposes, except the Freer bequest, 

 amounted to $244,929.43. Cash capital from sale or call of securities 

 other than Freer bequest (for reinvestment) amounted to $58,350.50. 

 Revenues on account of Freer bequest amounted to $286,705.06; 

 amount received as gain from sale of stocks and bonds. Freer be- 

 quest, was $61,069.72; cash capital from sale or call of securities, 

 Freer bequest (for reinvestment), $519,416.35, aggregating a total of 

 $1,233,607.20. 



The disbursements, described more fully in the annual report of 

 the executive committee, are classed as follows: General objects of 

 the Institution, $63,663.15; for specific purposes (except the Freer 

 bequest), $283,686.87; cash capital (except Freer bequest) reinvested, 

 $59,157.75; Freer bequest, operating expenses of gallery, etc., $152,- 

 412.99; Freer bequest funds invested, $89,058.50; Freer bequest cash 

 capital reinvested, $550,086.02. 



The total of balances on hand June 30, 1928, of all funds, and 

 mainly bearing interest on deposit, was $238,369.41. 



The following appropriations were made by Congress for the 

 Government bureaus under the administrative charge of the Smith- 

 sonian Institution for the fiscal year 1928 : 



International exchanges $46, 855 



American ethnology 58, 720 



International Catalogue of Scientific Literature 7, 260 



Astrophysical Observatory 32, 060 



Additional assistant secretary 7, 500 



National Museum : 



Furniture and fixtures $26,500 



Heating and lighting 79, 500 



Preservation of collections 473, 510 



Building repairs 13,000 



Books 1, 500 



Postage 450 



Gallery 12, 500 



606, 960 



National Gallery of Art 30,356 



National Zoological Park 175,000 



National Zoological Park, building for birds 25, 000 



Printing and binding 90,000 



Total 1, 079, 711 



EXPLORATIONS AND FIELD WORK 



During the past year the Smithsonian conducted 30 expeditions, 

 a few of them financed solely from the meager funds of the Institu- 



