Report of the Executive Committee of the 

 Board of Regents of the Smithsonian 

 Institution 



For the Year Ended June 30, 1964 



To the Board of Regents of the Smithsonian 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 lifetiiTie of Madame de la Batut, brought the fund to the 

 amount of $550,000. 



The gift of James Smithson was "lent to the United States Treas- 

 ury, 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 orig- 

 inal 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 t96i 



James Smithson $727,640 $43,658.40 



Avery 14,000 840.00 



Habcl 500 30.00 



Hamilton 2,500 150.00 



Hodgkins (General) 116,000 6,960.00 



Poore. 26,670 1,600.20 



Rhees 590 35.40 



Sanford 1,100 66.00 



Total $889,000 $53,340.00 



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