550 REPORT OP THE EXECUTIVE COMMITTEE. 



ESTIMATES AND APPROPRIATIONS FOR 1870. 



Receipts. 



Interest on the Smithson Fund in the treasury of the 

 United States, $650,000, payable 1st July, 1870, and 1st 



January, 1871, at G per cent, gold $39, 000 00 



Probable premium on sale of coin, at 18 per cent 7, 020 00 



Interest on Virginia per cent, stock, 18G9, 2 per cent 1, 454 00 



Interest on Virginia per cent, stock, 1870, 2 per cent 1, 454 00 



Sales of useless property, &c 500 00 



Income for the year 1870 49, 428 00 



APPROPRIATIONS FOR THE YEAR 1870. 



For general expenses $12, 000 00 



For publications and researches 15, 000 00 



For museum and collections, not including the 

 apropriation by Congress for care and pre- 

 servation of the Wilkes and other explor- 

 ing expeditions 6, 000 00 



For literary and scientific exchanges 5, 000 00 



For building and contingencies 5, 000 00 



43, 000 00 



EXAMINATION OF ACCOUNTS. 



The committee examined 497 receipted vouchers for payments made 

 during the four quarters of the year 1869. In every case the approval of 

 the secretary of the Institution is given on the face of each voucher, 

 and the certificate of an authorized agent of the Institution is appended 

 to each voucher, setting forth that the materials and property and ser- 

 vices rendered were for the Institution and applied to the purposes 

 stated in the account. 



The quarterly accounts-current, bank book, check book, and ledger 

 were also examined, and showed that the payments were made in con- 

 formity with the regulations prescribed by the Regents, and that the 

 cash balance stated in the accounts current for each quarter was in 

 deposit to the credit of the Institution in the authorized depository, 

 after all the quarterly accounts charged in the abstracts were paid. 



In conclusion, the committee finds that all the expenses of the Insti- 

 tution have been paid in full to the end of the year, leaving a cash 

 balance in bank on the 1st January, 1870, of $20,969 65. 

 All of which is respectfully submitted, by — 



RICHARD DELAFIELD, 

 PETER PARKER, 

 JOHN MACLEAN, 



Executive Committee, 



