REPOKT OF EXECUTIVE COMMITTEE 137 



Disbursements: 



From funds for general work of the Institution: 



Buildings — care, repairs, and alterations $4, 343. 47 



Furniture and fixtures 730.71 



General administration* 31,024.53 



Library 2, 233. 83' 



Publications (comprising preparation, printing, 



and distribution) 20, 0o4. 72 



Researches and explorations 28, 134. 79 



$87, 422. 05 



From funds for specific use, other than Freer en- 

 dowment : 



Investments made from gifts, from gain from 

 sale etc., of securities, and from savings on 

 income 35, 506. 31 



Other expenditures, consisting largely of re- 

 search work, travel, increase and care of 

 special collections, etc., from income of en- 

 dowment funds and from cash gifts for 

 specific use (including temporary advances- 131,082.98 



Reinvestment of cash capital from sale, call 



of securities, etc 79. 983. 01 



Cost of handling securities, fee of investment 

 counsel, and accrued interest on bonds 

 purchased 2, 0O8. 21 



248, 580. 51 



From Freer endowment : 



Operating expenses of the gallery, salaries, 



field expenses, etc 50, 919. 62 



Purchase of art objects 140, 288.76 



Investments made from gain from sale, etc., of 

 securities 302,765. 56 



Reinvestment of cash capital from sale, caU 

 of securities, etc 847,319.24 



Cost of handling securities, fee of investment 

 counsel, and accrued interest on bonds 

 purchased 21, 210. 00 



1, 362, 503. 18 



Cash balance June 30, 1939 313,097.74 



Total 2, Oil, 603. 48 



2 This includes salary of the Secretary and certain others. 



EXPENDITUEE3 FOR RESEARCHES IN PURE SCIENCE, PUBLICATIONS, EXPLORA- 

 TIONS, CARE, INCREASE, AND STUDY OF COLLECTIONS, ETC. 



Expenditures from general funds of the Institution : 



Publications $20, 954. 72 



Researches and explorations 28, 134. 79 



$49, 089. 51 



Expenditures from funds devoted to specific purposes : 



Researches and explorations 86, 181. 71 



Care, increase, and study of special collections $14, 727. 09 



Publications 1, 137. 55 



$102, 046. 35 



Total 151. 135. 86 



