REPORT OF THE EXECUTIVE COMMITTEE. 169 



It is gratifying to state that the amount realized by the sale of the 

 Virginia securities was $3,514.98 more than their estimated value in our 

 last annual rei^ort. 



The coupons due on the Virginia bonds January 1, 1881, were sold 

 by Messrs. Riggs & Co. January 31, 1881, as follows: 



$1, 461 Virginia coupons, at 93 J, less one-half per cent $1, 353 26 



300 Virginia couiwns, at 93J, less one-half per cent 279 00 



1, 761 Total 1, 632 26 



Of this the committee used $985.02 to add to the proceeds of the sale 

 of the Virginia bonds, to make the even sum of $51,500, to increase the 

 l^ermanent fund, as before stated, leaving the balance of $647.24 for 

 current expenses. 



ESTIMATES FOR 1882. 



The following are the estimates of receipts by the Institution proi)er 

 for the year 1882, and of the expenditures required for carrying on its 

 operations during the same period. 



RECEIPTS. 



Interest on the permanent Smithson fund, receivable July 

 1, 1882, and January 1, 1883 $42, 180 00 



EXPENDITURES. 



For building and repairs $1, 500 00 



For general expenses, heating, lighting, &c., 



including salaries 19, 000 00 



For j)ublications and researches 12, 000 00 



F©r exchanges 7, 000 00 



For contingencies 2, 680 00 



Total $42, 180 00 



NATIONAL MUSEUM AND OTHER OBJECTS COMMITTED BY CONGRESS TO 

 THE SMITHSONIAN INSTITUTION. 



The following appropriations were made by Congress in 1881, for dis- 

 bursement under the direction of the Smithsonian Institution : 



PRESERVATION OF COLLECTIOXS. 



*' For preservation and care of the collections of the sur- 

 veying and exploring expeditions of the government and 

 for expense of heating, lighting, telephonic, and elec- 

 trical service for the new Museum building." (Act March 

 3, 1881 ) $61, 000 00 



