REPORT OF THE EXECUTIVE COMMITTEE. 



The Executive Committee of the Board of Regents respectfully sub- 

 mit the following statement as their report in relation to the funds of 

 the Institution, the receipts and expenditures for the year 1870, and the 

 estimates for the year 1871. 



Statement of the fund at the beginning of the year 1871. 



The amount originally received as the bequest of James 

 Smithson, of England, deposited in the Treasury of the 

 United States, in accordance with act of Congress of 

 August 10, J 840 $515, 109 00 



The residuary legacy of Smithson received in 1865, depos- 

 ited in the Treasury of the United States, in accordance 

 with the act of Congress of February 8, 1867 20, 210 03 



Total bequest of Smithson 541, 379 03 



Amount deposited in the Treasury of the United States, 

 as authorized by act of Congress of February 8, 1SG7, 

 derived from savings of income and increase in value 

 of investments 108, G20 37 



Total permanent Smithson fund in the Treasury of the 

 United States, bearing interest at per cent., payable 

 semi-annually in gold 050, 000 00 



In addition to the above there remains of the extra fund 

 derived from savings, &c, in Virginia State registered 

 per cent, bonds, at par value, $72,760, now valued at. 48, 000 00 



Total investments 098, 000 00 



Balance on hand January, 1871, of uninvested funds 21, 477 81 



Total of the Smithson fund, January, 1871 719, 477 81 



Receipts for 1870. 



Interest for 1870 on $050, 000, at per cent, in gold $39, 000 00 



Premium on $39, 000 gold, at llf and lOf per cent.. . 

 Cash from a friend of science, in aid of publications. 



Sale of publications 



Sale of useless materials 



Repayment of expenses of explorations 



Repayment of freight and postage 



Total receipts for the year 45, 489 38 



551 



