88 ANNUAL EEPOET -SMITHSONIAN INSTITUTION, 1908. 



That part of the fund deposited in the Treasury of the United States 

 bears interest at 6 per cent per annum, vmder the provisions of the act 

 of Aug-ust 10, 1846, organizing the Institution, and an act of Congress 

 approved March 12, 1894. The rate of interest on the West Shore 

 Raih'oad bonds is 4 per cent per annum. The real estate received 

 from Robert Stanton Avery is exempt from taxation and yields only 

 a nominal revenue from rentals. 



Statement of receipts and disbursements from July 1, 1907, to June SO, 1908. 



RECEIPTS. 



Cash on deposit in the United States Treasury July 1, 1907 $24, 592. 01 



Interest on fund deposited in the United States Treasury, due 



July 1, 1907, and January 1, 1908 $56, 582. 52 



Interest on West Shore Eailroad bonds to January 1, 1908. . . 1, 680. 00 



Repayments, rentals, publications, etc 4, 810. 44 



Proceeds from claims in litigation 300.00 



63,372.96 



87, 964. 97 



DISBURSEMENTS. 



Buildings, care and repairs $5, 457. 35 



Furniture and fixtures 1, 645. 84 



General expenses: 



Salaries $17, 318. 53 



Meetings 246. 85 



Stationery 904. 07 



Postage, telegraph, and telephones 365. 90 



Freight 113. 18 



Incidentals 1, 133. 72 



Stable 2, 274. 57 



22,356.82 



Library 2, 351. 65 



Publications and their distribution: 



Miscellaneous collections 6, 651. 46 



Contributions to knowledge 4, 785. 63 



Eeports 561. 57 



Special publications 175. 10 



Publication supplies 371. 85 



Salaries 5, 562. 75 



18,108.36 



Explorations and researches 8, 452. 25 



Hodgkins specific fund, researches and publications 2, 629. 18 



International exchanges 4, 142. 49 



Legal expenses 2, 923. 82 



Apparatus 584. 95 



Gallery of Art 305. 85 



68, 958. 56 

 Hamilton fund 240. 00 



69, 198. 56 

 Balance, June 30, 1908, deposited with the Treasurer of the United States. 18, 766. 41 



87, 964. 97 



