98 ANNUAL EEPORT SMITHSONIAN INSTITUTION, 1932 



We have examined all vouchers covering disbursements for account of the 

 Institution during the fiscal year ended June 30, 1932, together with the authority 

 therefor, and have compared them with the Institution's record of expenditures 

 and found them to agree. 



We have examined and verified the accounts of the Institution with each 

 trust fund. 



We found the books of account and records well and accurately kept and the 

 securities conveniently filed and securcl}^ cared for. 



All information requested by your auditors was promptly and courteously 

 furnished. 



We certify the Balance Sheet, in our opinion, correctly presents the financial 

 condition of the Institution as at June 30, 1932. 



William L. Yaeger & Co., 



Respectfully submitted. 



William L. Yaeger, 



Certified Public Accountant. 



Frederic A. Delano 



R. Walton Moore 



John C. Merriam 



Executive Committee. 



