REPORT OF THE EXECUTIVE COMMITTEE. 



The Executive Committee respectfully submit tlie following- report iu relation 

 to the funds of the Institution, the receipts tuul expenditures for the year 1SG7, 

 and the estimates for the year 186S : 



STATEMENT OF THE FUND, 



The original amount received as the bequest of James Smithson, 

 of England, deposited in the treasury of the United States, in 

 accordance with the act of Congress of August 10, 1846 $515, 169 00 



The residuary legacy of Smithson, received in 1865, deposited in 

 the treasurj^ of the United States in accordance with the act of 

 Congress of February 8, 1867 26, 210 63 



Total bequest of Smithson 541, 379 63 



Amount deposited in the treasury of the United States, as author- 

 ized by the act of Congress of February 8, 1867, and directed 

 by the Board of Regents, derived from part of savings of income 

 and increase of value of investments 108, 620 37 



Total permanent Smithson fund in the treasury of the United 



States S650, 000 00 



In addition to the above there remains of the extra 

 fund derived from savings of income, &c., Virginia 

 State 6 per cent, bonds for 853, 500 00 



Also, additional Virginia bonds issued for unpaid in- 

 terest to January 'l, 1867 19, 260 00 



Par value $72, 760 00 



Present value, about $30,000. 



Bcccij^fs and expenditures for 1867. 



EECEIPTS. 



Interest on the original bequest of Smithson, viz : 



6 per cent, on $515,169 $30, 910 14 



Interest on the amount added to the original prin- 

 cipal in the United States treasury, authorized 

 by act of Congress Februarv 8, 1867, viz : Fel)- 

 ruary 19, 1867, $34,831; Februarv 27, $30,544; 

 April 1, $68,906 25 ' 6, 420 68 



Interest on United States 7-30 bonds, from Februar}'- 



15, 1865, to Febraary 19, 1867, on $54,150 7, 907 00 



Interest on Virginia bonds, viz : 4 per cent, on 



$53,500, to December 31, 1867, (less brokerage) . 2, 033 00 



Interest on Washington citv l)ond, viz : 6 per cent. 

 ' on $100 to July 1, 1867,' (4^^ years) 27 00 



