4 REPORT OF THE SECRETARY. 



$703,000, deposited forever in the United States Treasury, from which is 

 received an annual interest of 6 per cent. This interest is paid on the 

 1st of January and 1st of July, and the money immediately placed in 

 the hands of the Treasurer of the United States, who keeps a special 

 account of it. All payments are made by checks on this officer, signed 

 by the Secretary of the Smithsonian Institution. A monthly statement 

 is rendered by the Treasurer of all checks paid and of tb o balances. This 

 is compared with the books kept by the accountant of the Institution. 

 A quarterly examination is made by the Executive Committee of the 

 Eegents of all the financial transactions of the Institution. The mem- 

 bers of the committee sign a certificate, of which the annexed is a copy : 



certificatb. 



Washington, D. C, , — , 18—. 



The undersigned members of the executive committee of the Board of Regents of 

 the Smithsonian Institution have examined the account for for the end- 

 ing , 18—, the receipts amounting to dollars, and the expenditures to 



dollars, leaving a balance of r dollars, as entered in the journal, pages 



to , inclusive; and certify the same to be correct. For each disbursement 



there is a voucher approved by the Secretary of the Smithsonian Institution, and cer- 

 tified by an agent of the Institution that the articles or services charged therein were 

 required and famished on account of the objects specified, and that the same wore 

 necessary and the charges reasonable. 



The balance above stated con-esponds with the certificate of the Department 



of 18—. 



Executive Committee. 



The change of the fiscal year of the Institution, to terminate on the 

 30th of June instead of the 31st of December, renders it necessary to 

 state in this report the receipts and expenditures for six mouths ouly, 

 viz, from January 1 to July 1, 1885 : 



Cash on hand January 1, 1885 $25,380 84 



Expenditures : 



Buihling, furniture, and fixtures $552 15 



General expenses, salaries, supplies, books, &c. 11,417 07 



Publications and researches 7, 447 21 



Literary and scientific exchanges 3, 307 59 



22,724 02 



Balance 2,050 82 



Interest on the Smith son fund for the six months ending 

 June 30, 1885 21, 090 00 



Total on hand July 1, 1885 $23, 740 82 



The appropriations made by Congress for the system of Exchanges, 

 ander the direction of the Smithsonian Institution, have been disbursed 

 by Maj. T. J. Hobbs, of the Treasury Department ; those for ethnological 



