REPORT OF THE EXECUTIVE COMAIITTEE 103 



Disbursements: 



From funds for general work of the Institution : 



Buildings — care, repairs, and alterations $3, 429.92 



Furniture and fixtures 509. 63 



General administration ' 30, 215. 61 



Library 1, 346. 62 



Publications (comprising preparation, print- 

 ing, and distribution) 19, 607. 00 



Researches and explorations 6, 444. 42 



$61, 553. 20 



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 05, 478. 47 



Other expenditures, consisting largely of re- 

 search work, travel, increase and care of 

 special collections, etc., from income of en- 

 dowment funds, and from cash gifts for spe- 

 cific use (including temporary advances) 91,931.25 



Reinvestment of cash capital from sale, call 



of securities, etc 89, 677. 17 



Cost of handling securities, fee of investment 

 counsel, and accrued interest on bonds pur- 

 chased 2, 394. 50 



249, 481. 39 



From Freer Endowment : 



Operating expense.? of the gallery, salaries, 

 field expenses, etc 45, 606. 72 



Purchase of art objects 110,880.43 



Investments made from gain from sale, etc., 

 of securities 11, 246. 70 



Reinvestment of cash capital from sale, call 



of securities, etc 790,392.39 



Cost of handling securities, fee of investment 

 counsel, and accrued interest on bonds pur- 

 chased 18, 738. 89 



976, 865. 13 



Cash balance June 30, 1942 740, 823. 73 



Total 2, 028, 723. 45 



Included in the foregoing are expenditures for researches in pure 

 science, publications, explorations, care, increase, and study of collec- 

 tions, etc., as follows: 



Expenditures from general funds of the Institution : 



Publications $19, 607. 00 



Researches and explorations 6, 444. 42 



$26, 051. 42 



' This Includes salary of the Secretary and certain others. 



