Report of the Executive Committee of the 

 Board of Regents of the Smithsonian In- 

 stitution 



For the Year Ended June 30, 1960 



To the Board oj Regents oj 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 

 biu-eaus in the admmistrative charge of the Institution. 



SMITHSONIAN INSTITUTION 



PARENT FUND 



The original bequest of James Smithsou 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 

 payment into the fund of the sum of £5,015, which had been with- 

 held during the lifetime 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 Treasmy, 

 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 Treasmy 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 maxunum 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: 

 214 



