Report of the Executive Committee 



of the Board of Regents of the 



Smithsonian Institution 



For the Year Ended June 30, 1963 



To the Board of Regents of the Smithsonmn Institution : 



Your executive committee respectfully submits the following report 

 in relation to the funds of the Smithsonian Institution, together with 

 a statement of the appropriations by Congress for the Government 

 bureaus in the administrative charge of the Institution. 



SMITHSONIAN INSTITUTION 



PARENT FUND 



The original bequest of James Smithson was £104,960 8s 6d — 

 $508,318.46. Refunds of money expended in prosecution of the claim, 

 freight, insurance, and other incidental expenses, together with pay- 

 ment into the fund of the sum of £5,015, which had been withheld dur- 

 ing the lifetime of Madame de la Batut, brought the fund to the 

 amoimt of $550,000. 



The gift of James Smithson was "lent to the United States Treasury, 

 at 6 per centum per annum interest" (20 USC 54), and by the Act of 

 March 12, 1894 (20 USC 55), the Secretary of the Treasury was 

 "authorized to receive into the Treasury, on the same terms as the 

 original bequest of James Smithson, such sums as the Regents may 

 from time to time see fit to deposit, not exceeding, with the original 

 bequest, the sum of $1,000,000." 



The maximum of $1,000,000 which the Smithsonian Institution was 

 authorized to deposit in the Treasury of the United States was reached 

 on January 11, 1917, by the deposit of $2,000. 



Under the above authority the amounts shown below are deposited in 

 the United States Treasury and draw 6 percent interest : 



Unrestricted funds Income J06S 



James Smithson $727, &40 $43, 658. 40 



Avery 14,000 MO. 00 



Habel 500 30.00 



Hamilton 2,500 150.00 



Hodgkins (General) 116,000 6,960.00 



Poore 26,670 1,600.20 



Rheea 590 35.40 



Sanford 1,100 66.00 



Total .$889,000 53,340.00 



720-018—64 18 261 



