REPORT OF THE SECRETARY 113 



Disbursements : 



From funds for general work of the Institution : 



Buildings — care, repairs, and alterations-- $3, 118. 37 



Furniture and fixtures 114. 39 



General administration ' 34, 261. 55 



Library 2, 112. 90 



Publications (comprising preparation, 



printing, and distribution) 18,574.05 



Researches and explorations 26, 477. 02 



$84, 658. 28 



From funds for specific use, other than Freer 

 endowment : 



Investments made from gifts, from gain 

 from sale, etc., of securities and from 

 savings on income 49, 621. 10 



Other expenditures, consisting largely of 

 research work, travel, increase and 

 care of special collections, etc., from in- 

 come of endowment funds and from 

 cash gifts for specific use (including 

 temporary advances) 85,677.70 



Reinvestment of cash capital from sale, 

 call of securities, etc 100, 160. 14 



Cost of handling securities, fee of invest- 

 ment counsel, and accrued interest on 

 bonds purchased 2, 619. 75 



238, 078. 69 



From Freer endowment : 



Operating expenses of the gallery, sal- 

 aries, field exi)enses, etc 45, 755. 98 



Purchase of art objects 155, 214. 33 



Investments made from gain from sale, 

 etc., of securities 196, 273. 55 



Reinvestment of cash capital from sale, 

 call of securities, etc 1, 104, 247. 02 



Cost of handling securities, fee of invest- 

 ment counsel, and accrued interest on 

 bonds purchased including assessment 

 for employees' retirement system 24, 738. 29 



1,526,229.17 



Cash balance June 30, 1940 391, 308. 66 



Total 2, 240, 274. 80 



» This Includes salary of the Secretary and certain others. 



